New Member - Denver, CO

[Jason Dalbey]

Greetings BP community,

I'm excited to finally be involved in such a well-known, information driven community. I am new to investing so I have many questions, concerns, excitements and topics to discuss.

My wife and I recently acquired very first purchase last month. It's an OO multi-family property and we've been amazed at the financial potential real estate can provide for us. We have the itch, especially after cashing those first rent checks. We are still trying to determine which REI strategy is best suited for us thought and are flexible right now.

My first few of many questions is specific to the Denver market. Denver is one of the hottest recovery markets in the country, which provides many benefits but also pitfalls. Houses/properties can sell but getting your hands on them is the real difficulty. My question is: What REI strategy is best suited for a seller's market? Flipping is appealing, but competition is fierce. Does acquiring rental properties make the most since? Is cash flow in a seller's market more difficult since a premium purchase price is to be expected?

Thanks to all and congrats on a wonderful community, looking forward to exploring and connecting. Would love to meet REI in the Denver market if any are interested.

Jason