Linear Real Estate Markets in Colorado

[Andrew Curro]

Colorado may be a future destination in the upcoming years. Anyone know which cities would be considered "linear" real estate markets and whether the BRRRR method would be a viable option in that location? Also, any idea why there are so many homes being auctioned rather than sold by owner or agent?

[Tim Emery]

@Andrew Curro. Hey Andrew, The Colorado market is really hot right now. I'm not sure where you are finding a lot of auction properties. In the greater Denver area there are only 2,800 homes active on the market. We have bidding wars and lines out the door of people trying to see houses. For Denver to have an even market, we would need 16,000 homes on the market. 

Yes, the Brrrr method works well here, we have large appreciation. Just a heads up, you won't be able to find much under $400k. 

Some of the small towns on the eastern plains and remote mountains you maybe able to find deals, but they aren't great BRRR deals.

If you want the Tri-fecta of Cash Flow, appreciation and solid renters this is a place to be. Just make sure you can handle buying at $400-600k