Connecting Denver Investors

[Eric DeNardo]

Hey all! I'm starting this forum for Denver investors. I didn't see one in the forum. Icebreaker: What opportunities are you finding during these pandemic times?

[Craig Curelop]

@Eric DeNardo - Thanks for starting this thread. There are a handful of strategies that work here in Denver. Some are better than others. It all depends on what you are looking for. For a new real estate investor, here is what I am finding that has worked best. 

1. House Hacking: Maybe I am a little biased here. But house hacking is the best way to get into this market and not be over-exposed. If you don't know what house hacking is, it's when you purchase a 1-4 unit property live in part of it and rent the other parts out such that the rent you pay covers your mortgage and you live for free. This is a strategy that is hard to lose. 

If you are looking for optimal cash flow. The best thing to do is find a large single family home (5+ beds). Live in on bedroom and rent out the rest. Some neighborhoods and houses are better than others. This is where having a good team comes into play. 

If you need to be a little more comfortable. You can always find a place where you live in the top and rent out the basement that has a separate kitchen, etc. That way... you have your own space. 

2. Rental property -- same as above, but you don't live there. You will need to put 20% down (instead of 3% to 5%), but that strategy works well. 

3. BRRRR/Flips - Hard for newbies to get into in the Denver market. It's very competitive, there are a lot of cash buyers, and a lot of ways to go wrong.

Hope this helps!