Colorado LTR vs MTR cashflow
I’m new to real estate and I live in Denver. I’m interested in getting my first rental property somewhere in Denver metro so I could self manage the property and increase my cashflow.
The issue I’ve found when analyzing LTR properties with BP Rental property and Rent calculator is my cashflow is negative (I’m using calculations based on numbers outlined in the BP Rental property webinar).
Either there is a secret everyone else knows or LTR in Denver simply won’t cashflow with the current market prices and interest rates. If I want more cashflow should I be considering MTR in Denver, LTR in cheaper out of state markets, or another option I’m unaware of?