Colorado Springs Market Condition Discussion and Recomendations

[Brandon Guite]

Hello all and I hope '18 is off to a great start for everyone!  I have been researching the Colorado Springs Market over the last few weeks and have been intrigued thus far and wanted to get other experienced investors thoughts. There are some key things I have found through research that make the area seem like it could be a strong potential for opportunity.

• A low and still declining Unemployment Rate of 2.7%, right on par with the state average
• Job Growth projected at 38% Annually over the next 10 years
• average rent price increase of 10-12% over 2017
• A diverse economy with college, tech, military and healthcare services.

Prices in the area are still reasonable, especially when comparing to the Denver area markets. Anyone here actively investing in the area? Am I missing anything in my market analysis thus far that I should be aware of? Next step is checking the area out and meeting with lenders, brokers, and property management groups in the area to begin building a network and better understand the market but wanted some local experience as well.

Anyone have any recommendations for Lenders, Brokers or Property Management groups in the area?

Thanks everyone!