All Forum Posts by: Mark Singleton

Thanks! That's something I'll have to see on. But I guess depending on the market at that time, I could refinance it after the year is up and turn it into a STR. Or like someone said, maybe I could just turn it into a Medium term rental(30ish days).
Thanks for the good input! This has all been really helpful. A few hours in the forums today and I'm several steps ahead now.

Thank you so much! That's extremely helpful. That's the kind of information I'm needing to explore right now so I can position myself to make the right purchase. Those area's are really close to downtown. I'd even be fine being closer to the mountains if need be. I could drive 45 minutes to work in downtown Denver if needed.

I'll have my wife and 3 kids with me so I'll need a decent sized place.

Do you think that a furnished 30 day rental condo or house would do well in Denver? Would I utilize airbnb or just have it managed like a long term rental?

 Hello Bonnie! Wow! Thank you! 

Would I be able to buy a home using an FHA loan and then convert it to a short term rental after a year? Are there any laws in the Denver area for short term rentals that would prohibit it? With an FHA loan can I do what I want with it after a year?

@Jamie Salyer

Thank you! I'd want to live driving distance to Denver. There's a chance I could work in Denver. We're really just looking at options and weighing out the area's around Denver. One big thing is we want to walk out our house and either see mountains or be close.

Obviously we aren't buying right now, BUT we want to get an idea of area's we could move to, kind of financing we could utilize and really figure out the road map so when the time comes, we talk to an all star realtor and find the perfect purchase for that moment. Also by making a plan now, we can reverse engineer a map to get there. 

I'd appreciate any help in the process. 

A little background, we do urban ministry in Louisville Ky. We are used to living in a low income community. While we wouldn't want a fixer upper, we love finding a diamond in the rough(a good home in a less desirable neighborhood). So that opens some options. It doesn't mean we need to be in a low income community but we are comfortable in most places. 

Hello! My wife and I are looking to move to Denver in the next couple of years. Being motivated by Brandon Turner moving to Hawaii, we want to live somewhere beautiful with mountains. We'd live there for 1-2 years and then move back to our hometown but want to keep a place in Colorado. We own a couple long term rentals in our hometown. I know RE in Denver is really high. Our biggest question marks are financing. Here are options we are weighing with how to do it:

1. Buying a home with an FHA loan (3.5% down). And then after 1-2 years, moving out and renting it as an airbnb. I don't know if this can work. That's why I'm asking.

2. Buying a property with a couple units on it that we can rent out to offset the mortgage. And then renting our unit out after we leave CO. 

3. Renting a place. We don't want to do this not only because we enjoy owning but we'd like to buy in a more expensive market like CO so we can get some of that appreciation. 

4. Buying a regular home in a low income community with a conventional mortgage and trying to turn it into a short term rental after we leave. 

I need some help from some Colorado people. I'm from KY and have no idea how I can do this. 

Hey guys, I'm becoming an investor in the zip codes in West Louisville(40212, 40211 40210). While I know some would label it a war zone, my family and I live here and Love it. There are great investing opportunities. But like any where else, you have to know what you're getting into and be wise.

Anyone interested in work in West Louisville hit me up. God bless!