All Forum Posts by: Frank Konsella

Thanks Michael!  Appreciate the thoughts and yes, I'm leaning towards out of state as much as I'd like to keep it closer to home.  

I'm a real estate agent and new investor.  I'm in Crested Butte, CO, and as much as I'd love to find an investment property here, I would be starting with negative cash flow, most likely 30 miles away in Gunnison, CO. As much as I like the area and the appreciation here has been through the roof, I would be betting on appreciation if I found something here.  Of course it would be nice to self-manage and be able to check on it.

Another area I think about is Hayden or Craig, CO.  I think these areas are going to grow in the next 5-10 years as "downvalley towns" of Steamboat, CO.  But in the short term I actually see a lot of struggle to find renters, with coal mines in the area closing.

So that might lead me to an out of state investment with better cash flow.  My brother has invested in Huntsville, AL, and I have to admit, the numbers and comparatively small investment has a lot of appeal.  

So that's me.  If you can't tell, I like to ski and mountain bike.  That's about it.  Cheers, 

Justin, Where will your renters come from in the future in Craig?  The coal mines will be closed in a few years and from what I can tell the rental market is pretty soft and inexpensive right now as people leave a town in transition.  That said, I think that Hayden and Craig will be the next big downvalley towns, like Eagle/Gypsum for Vail, and Carbondale/Basalt for Aspen.  The big question is how long that will take.  Genuinely curious on your thoughts because Craig is an area I am interested in.