All Forum Posts by: Katie Bond

@Travis Sperr - I wondered if it's worth the risk because the upside is dependent on the other owners. Thanks for advising.

I'm looking at a property on a run down block with a mix of commercial and residential properties (the property across the street is really run down but many of the others aren't bad at all). I'm trying to figure out if the street is going to get better or worse in the next 5-10 years. Anyone with experience buying in less than perfect neighborhoods have any tips for how to judge whether a property will be a good investment or not? What should I be looking for?

Also, Colorado folks, any ideas on whether a pot dispensary is good, bad or neutral in terms of property values? Would you want to invest across the street from one? Many thanks!

@Dan Mackin - Thanks for your insight. We have already had two offers beat out by cash... We're planning to buy a straight investment. It seems like patience and persistence will hopefully win out. 

Hi all,

I moved to CO about 8 years ago. My husband and I bought a townhouse in Longmont that we are now renting out and we're living in the house we bought in 2013... The market here is a bit insane - the property value increase (and rent increase) has been great for our current properties but we're interested in buying another property to buy and hold and we just can't make the numbers work... We've been looking at multi-families but they sell almost as soon as they are on the market or the numbers just don't work out. Any strategies for buying in this market? I wanted to manage my properties so I was hoping to stay within 30 minutes of our home...

Thanks,

Katie