Rocky Mountain Investor - just getting started
Hi all,
Denver based and ready to dive into mid/long term rentals across the Rockies (CO, MT, ID, WA). I have a lot to learn and am broadly approaching it in two steps:
1. Master the finances
2. Build the operational knowledge (by doing)
Looking forward to buying our first place in 2023 and building connections along the way.
What are the best books, podcast episodes, etc. for mastering the financing part for first-time buyers of mid/long-term rentals?
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#2 Out of State Investing Contributor
- Flipper/Rehabber
- Pittsburgh
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#2 Out of State Investing Contributor
- Flipper/Rehabber
- Pittsburgh
at least for single family and small multi, I don't think the financing part is that complicated. you could check out Brandon Turner and Scott Trench's books. one big difference in financing options is whether you plan to occupy or not.
here are a few questions for you:
do you own a primary residence already? are you in a position where you can house hack? can you pick a market within driving distance to start in? I know CO is expensive but being able to be physically present in a market is a big advantage.