SFH in Colorado Springs

[Kacee Bui]

I am looking at Colorado Springs, CO for SFH to invest (doable than Denver for my budget). The max for my search would be 250K, 3+ bedrooms, min 1 BA or 1.5.. I see the inventory popping up on Zillow, Redfin, etc but the problem is I don't know the market there and haven't started to research yet. I tried searching here for "Colorado Springs". before posting but there hasn't been any posts/discussions in the last year or so (posts that popped up are a few years old now). I would appreciate any insights into the market there, what neighborhood to consider, etc. as I am also researching.

For context, this would be my first investment and I am new to RE investing too. I was looking at other areas but now Colorado Springs caught my eyes.  Thank you in advance.  

[Colin Smith]

@Kacee Bui - I hate to be the bearer of bad news here. If you're looking to invest in Colorado Springs single family home market for cash flow, you're out of luck. Assuming you're putting the minimum down (20%) on any single family, even at lower price points, you're going to be cash flow negative for several years if you're accounting for all long term and short term expenses. If you're okay with that and want to play the appreciation game, then I can understand that but it's all speculative investing at that point. Or take the other approach of putting significantly more than 20% down to force the cash-flow at that point in time, just keep in mind your ROI is going to drop significantly. I would suggest multi-families, particularly the 4-plexes. They are harder to come by but the ROI is better and in my opinion they are a safer investment in the long run, but these have their downsides as well. It's all about mitigating risks.