All Forum Posts by: Forrest Lloyd

Agree with the advice you’ve gotten so far as I’ve done 3 house hacks now in Denver area. The part I slightly disagree on is being cognizant of who might rent your units as it’s important and will impact your rents/repairs/vacancies/headaches/etc. For example, my units this far have typically attracted younger couples. My headaches have been minimal thus far.

However, most important for you is to look for a base hit, not a home run. Your odds of a home run without a massive amount of creativity in denver area is minimal. You simply need a base hit. Take action within reason and get your feet wet. You can always pivot.

Definitely look for another place. Splitting utilities shouldn’t be the biggest priority as in most situations you can bill back anyway. Time in the market is what you need.

Your assumption about Denver is correct. Who knows what the market will do, but as of now there are not any “plexes” being had in the 400k-500k range. 

Definitely softening. I picked up a duplex and ended up with some decent concessions. Appraised for a decent amount over asking. There were no other competing offers, albeit it was on the market for three days.

Congrats on the house hack! I bought a house hack in Englewood around the same time. Absolutely crazy market, but I ended up with a solid deal. It's essentially an up/down that was already converted/turnkey. We have similar goals, popping one a year. I'm actually looking at doing another sooner than later as my work has me moving north of where I am.