Updated about 10 years ago on . Most recent reply
New to BP
Good evening fellow members,
Just joined last week and hadn't had a chance to post yet. I'm new to real estate investing and currently have only one property in my portfolio. The property is a Single Family house that is currently rented to friends while i keep a room in the house. Rent covers the mortgage and a decent profit is left over. All profits from the property are being saved for future renovations or other investments. I'm looking to purchase another property in the near future. My main challenge is the markets I'm familiar with having such high property values. I am from and currently live in Breckenridge, CO a resort town where a single family residence will run well over 500K. My secondary market is Fort Collins, CO a town that is in somewhat of a real estate boom and inventory is very limited. I have a reasonable amount of capital but i don't want to put all of it towards a single investment. has any one else faced a similar situation? and what suggestions do you have for investing in such tough markets?