Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Dan Baran

Dan Baran has started 1 posts and replied 1 times.

I'm looking to make my first real estate purchase in Denver for a house hacking type of situation. Would like to keep costs low as first investment so thinking a simple 2-bed/unit or 3-bed/unit. Ideally it would be a multifamily house but those seem a bit out of my price range. I do have capacity to pretty easily put down up to a 55k or so on downpayment but, as I mentioned, would like this first investment to be more modest and lower risk. The loose plan would be to rent out one of the rooms/units and then part-time rent out the other as an airbnb rotating between living in that room (when not booked) and my camper van (when the airbnb is booked).

For context I am a 25-year old and still live a rather transient life so good chance I would have to leave Denver after a year or so and would no longer be househacking it. Managing out of state would be less than ideal but I figure I could just resell in worst case scenario and recoup or take small loss on down payment. 

Would love tips and advice on Denver area and what properties might cashflow best. Any resources would be helpful, feeling a bit overwhelmed with flood of information on here and research needed, would love to connect with other real estate investors or agents in Denver area.I know there are also significant mortgage programs like FHAs for first time homebuyers.