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Updated about 6 years ago, 11/16/2018
Newbie moving to Denver in 3 months
Hi BP folks - I'm new to BP and new to real estate investing. I work in sales in the construction industry and will be relocating to the Denver area in the next few months. Hoping to make some connections through BP for learning groups, REIAs, etc and of course get more involved in BP. I'm moving from San Francisco - so Denver may be hot but at least I have the chance to purchase in the area which is exciting.
My current plan is to use FHA to move into a rehab/ready move in for a house hack to eliminate my housing expense and hopefully get a little cashflow. I'd prefer a duplex/multi but it seems more realistic to focus on SFH with roommates at my price point ($400k+/-). Longer term I plan to move into multi-family to start generating cash flow for future investments/replacing W-2 income.
I've spoken with a few real estate agents but wanted to ask the BP Denver folks for some advice:
-What are some good areas in Denver metro that people in late 20's-early 30's like to rent in?
-If anyone has any suggestions, I'd appreciate any insights.
Look forward to getting to know the BP community and especially the Colorado folks.
Thanks,
Jon