All Forum Posts by: Frank R.

@Whitney Hutten Thank you for the info. I think I may need to look outside the area. The end game is to diversify my portfolio instead of just having Stocks/Bonds and to have cash flowing properties that subsidize my living expenses @ $1500/month.

Thanks everyone!

@Dan Mackin, @Adam Kroll

Thanks for the advice! Very helpful.

I am a potential first time home buyer trying to make the decision if I should buy or keep renting. A little bit about me. web developer in Boulder have been with my company for 2 years. Currently rent a room in a house at $625/month with a 10 minute bike ride to work.

Income: 60k/year
Current liquid savings: 25k
Investment accounts(401k/roth ira): 26k
Able to save $1500-2000/month

I plan to stay in boulder for the next 2 years and then work remotely(outside of boulder). At that point I would like to rent my place out and keep it as a long term rental. Ideally I would like a 2br condo in boulder proper to help subsidize my mortgage. Doing some preliminary research tells me that the current prices are out of reach (2bd condos start at $280-250k) and based on what current rental rates are, wouldn't even cover my mortage if I were to buy. I do know their is an affordable housing program that I'd qualify for middle-income, but not low income. If I get a 2br then I could try and rent out the other room at market rate.

Just trying to get a little more insight on what some options are, I'm very green.

Thanks for reading