Montrose, Colorado Broker/Investor

[Josh Kettell]

Hello, 

My name is Josh Kettell and I'm the broker/owner of an independent real estate brokerage company located in Montrose, Colorado.  My primary focus is on buy and hold investment properties including single family residential and multifamily with some motel conversions to long term rentals.  I have strong working relationships with key property management companies in the area that allow me to provide accurate market rental rates and keep up to date with the existing market rental conditions.  I have a business finance degree and a strong understanding of leveraged returns.  In addition to being a licensed real estate agent in the state of Colorado, I am an active investor in the Montrose/Delta rental market with six properties and over twenty rentable units. 

[Scott Elkins]

Steve, HI, I agree with josh, not much supply ever, even during the dark recession days. The town/area just has not have the infrastructure in the past, and now growth is trying to catch up. SFR's are where most investors go, great rental return with low vacancies as josh pointed out.

 One thing that some investors are doing to create Multifamily is buying older homes with the right zoning and then adding density( that is already allowed), so the land is free basically.

also as far as prices go, there are only 8 homes listed under 145k for comparison. so to get the 1% rule , you have to be creative.