Denver, CO newbie

[Austin Snow]

Hi all, been lurking around the forums for a couple weeks and thought I should pop my head up and say hi. 

My wife and I bought a bank-owned single family home just outside of downtown in the summer of 2012. Since then, we've seen our property value go through the roof and are already at roughly 45% LTV. We had NO IDEA what we were doing when we bought the home - we just liked to get good deals on everything we bought, whether it be on craigslist or at the store, so we tried to find a way to avoid paying market value on a home and ended up finding a bank-owned. We got a bit lucky but it started to pique my interest when the area started to get really hot.

Fast-forward to today - I accepted a new job (I'm an engineer) in Fort Collins, so we decided at the end of 2014 to move our family up there. We shopped around for a month+ and ended up buying new construction (since the relative comps in the area were so similar) which is going to be a HUGE change for me after spending 2.5 years fixing up our little bungalow in Denver. 

We've decided to rent our Denver home since the rental market is so hot, and that lease will begin in February. I'm excited and anxious for the new experience but I'm thinking that with my network and BP the whole thing should go smoothly (it's all about expectations and preparation). 

That being said, glad to be here and try to contribute and learn.

[Bill S.]

@Austin Snow - do your refi before you move because owner occupied rates are lower than investor rates.