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Updated about 1 month ago, 10/11/2024
Doing a deal in November/Dec in Colorado?
Hey BPers!
Who here has done deals in CO -- Denver, specifically? In the winter? ;-)
As I build my team and number crunch on properties I'm seeing, two things are a main concern:
a. The numbers here for a Brrrr are not working out.
b. If one did work out, I'm concerned about doing my strategy (MTR) -- or any rental strategy post-rehab -- in the winter.
I've spoken to some prop mgrs who are having a hard time (25+ days) to get renters in places.
This is familiar to me as I have a SFH rental and rented it out two years ago from May-July (a 14 month lease).
Thoughts from everyone here? Should I hold off on diving in the market to buy now?
Thank you.
tanya