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Updated about 2 hours ago,
Colorado based rookie
Hello everyone. I am learning a lot about real estate and want to purchase a rental property in my area. My goal is to create financial security for retirement. I am not opposed to making this my primary method of income either. I do like to dream big and put out those vibes into the quantum field. What I am learning, and perhaps another Colorado investor can correct me, is it seems our market is overpriced. If I purchased a home locally I’d have to ask well beyond the market rate on rent just to break even. Doesn’t seem like a feasible plan.
I am okay breaking even as real estate is a tangible asset with growth potential. As a rookie the fear is that I make a horrible purchase which ends up costing me my primary home.
About me, I have been fixing aircraft for over 20 years and this is primary income. I have three children and have been married over 20 years as well. I like following stock markets, cryptocurrency markets and love to travel.