Real Estate 2021 Outlook National vs. Local

[Ryan Reddy]

Hey Everyone,

My name is Ryan from Denver, CO and I'm a newbie looking to get into house flipping and multi family rentals! I have read four of the books published about to start number five and I am starting to look at deals for my first potential flip!!! 

I am looking to get into house flipping here in Denver and I've been reading about the impending housing crash of 2021 due to mortgage delinquencies rising. Nationally and locally this has different meanings as I think in my own market this could be helpful. I obliviously don't want to be buying at peak prices then reselling during the fall, but I was wondering if the increase of houses due to delinquencies into the Denver market would be helpful? 

Note: the Denver market inventory is extremely low which is driving prices to all time highs.

I personally think, my opinion isn't worth much as I'm a newbie, this could be good for the Denver market as it could bring prices down a few percentage points, without a total crash like '08 , making it a better market for buyers and bring in potential new buyers who have been priced out b/c of the recent increase. 

I would love to know everyone's thought and how they think the national market vs their local market will pan out in 2021