All Forum Posts by: Amanda Young

Thanks James! I think I need to learn more about renting by the room. It's personally not something I have ever done so I'm not sure how it's done. Are they usually people who know each other or strangers? I guess I need to do more research. But something like that is definitely not off the table. I don't mind the work with the leases. I just don't want to do hospitality work like Scott was mentioning.  

I've thought briefly about CO springs. But haven't gotten too far with that research. Anything is an option though if the numbers work! 

@Scott - that is such a good tip about just watching Redfin! In the duplex and fourplex example you gave, did you also find those on Redfin?  I totally get you on the short term rental being like a hospitality business. Not really the definition of passive income.  But that's great you used it as a lesson and now have a long term rental out of it. Are you doing any investing in Oakland? I travel out there a lot for work. (And sorry I'm too much of a newb, I havent figured out how to get names tagged in these posts!)

@Chris Lopez - I'm definitely great at overthinking things, but at this point I'm just ready to pull the trigger. You have a good point about how much work I want to do. I think right now, I'm kinda at set it and forget it. So short term rentals are probably out.  I was just worried that if short term is the only/best way to make money in the Denver market, maybe I'm in the wrong market. But it seems like medium and long term can both work in this market with the right properties and also considering your 4 returns info. 

Hi BP! I've been a BP member for awhile, read books and listened to the podcasts, and now ready to dig in. I'm looking to do buy-and-hold investing in the Denver metro area, ideally multi-family, but at this point, I'm just ready to make that first purchase (and make the mistakes that go along with it) to get started.  

What areas and strategies have you found work best in this area?  I had thought originally long term rental, but the more I read the forums on Denver market, it seems like short/medium term are the way to go?  What areas are people finding the most success in this strategy?  Just when I think I've narrowed down my strategy, I get caught up in more questions (doubts?), so any input would be greatly appreciated! Curious to hear what has worked well with other in Denver metro! Thanks!