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Updated almost 2 years ago on . Most recent reply
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Looking forward to learning from a lot of RE experts on here!
Hope everyone is doing very well!
My name is Bart and I'm 27 years-old working in CRE for a bank. I am currently reading the Rental Property Investing book and have been listening to most of the podcast to expand my knowledge. Me and my wife are thinking about moving to the Denver area in a few years and I am trying to convince my wife to buy a duplex where we rent out half of it.
My goal is to safe as much as we can over the next 2 years and buy our first rental property in 2025. Commercial Real Estate development would be one of my goals career wise. But I believe I am in a great spot right now learning the banking side of the business and underwriting a lot of great deals.
Would love to connect with anyone and expand my network!!
Most Popular Reply
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Quote from @Ryan Thomson:
@Bart Van Leijsen Great ideas! Colorado is a great place to live. If you are set on Denver then @Ben Rhodin is a great resource/agent in the Denver area to help you think through investments. He has plenty of his own as well.
Thanks for the shout-out, Ryan! And @Bart Van Leijsen Welcome to the community, you will find no shortage of info here. You are in a great spot getting started so early. You'll be more than ready when you move out here, or even sooner. Don't get stuck in the learning phase, but if you have a natural or hard timeline for moving out here then definitely take advantage of it. Also not sure where you are currently located, but if you have capital right now, why not start your journey where you are currently? Could get a house hack there, lower your living expenses for the next 2 years and accelerate your savings rate that way, and when you move out here you'll already have a rental property.
There is no shortage of opportunity here in Denver, but it will be important to lay out your investment goals and strategies to be best prepared. The small multifamily space is perfect and will provide the most comfort for you and the wife, but as @Dan Guenther mentioned, there are other ways to get the duplex use without spending the money.
Definitely reach out if you have any questions, and if you are serious about Denver, may be worth an exploration trip out here.
- Ben Rhodin
- [email protected]