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Updated almost 6 years ago on . Most recent reply

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Polly Feeney
  • Northern CO
5
Votes |
34
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Hello Everyone! (I'm new here)

Polly Feeney
  • Northern CO
Posted

Hello BP!

I am a new RE investor out of Colorado.  I'm looking to start investing within the next year or so.  (when the market slows down????)  I've read a few books and I'm gathering cash and information currently.  I'm starting to look into WHERE to invest and I feel overwhelmed with that choice.  

In my area of Colorado, the buy and hold strategy doesn't make the most sense so I'm looking out of state. I have no real idea of how to go about picking a city so if anyone has any resources, books, websites, blogs etc etc.. please post, it would be GREATLY appreciated. I'm looking to BRRR, mainly looking for cashflow but would give a little of that up for good location and a possibility of appreciation.

Jobs / employers, population growth, home price cost to rent ratio, schools seem to be big factors in determining a location BUT it's still hard to pick a place.  How do you analyze?  How do you go about it?  

Thanks in advance for any comments.

Polly

Most Popular Reply

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1,497
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Chris Lopez
  • Real Estate Agent
  • Denver, CO
856
Votes |
1,497
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Chris Lopez
  • Real Estate Agent
  • Denver, CO
Replied

@Polly Feeney I'd focus on investing where you live rather than out of state initially. Real Estate investing already presents numerous pitfalls, investing out of state adds more potential issues.

I've studied @James Orr materials and his Nomad strategy. Definitely sync up with him and his meetings. Whenever I have a client in Denver looking up that way, I always refer them to James. 

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