Hello All,
Ive had a passion for owning a home in the Colorado high country for a very long time. As for some background, Im 35 and Im a physician who finished subspecialty medical training a year ago. I currently travel to several states to work in ICUs and when not working, I have a camper van that I live out of and travel to different parts of the country to visit, ski, and recreate in. Im very passionate about skiing and have spent a good deal of my free time skiing in the backcountry the last few ski seasons. I have friends and some family in Colorado and certain parts of the state just feel like home. I do work a lot, and one of my main purposes of having this nomadic job/lifestyle is to earn enough capital to make a real estate investment before transitioning to a less lucrative but more "normal" job.
Im looking to purchase a home in or near a mountain town (near skiable mountains) with the hope of using it as a STR and occasionally to enjoy for personal use (when its vacant). This may not be the most lucrative business strategy, but its something Im passionate about making work. Im particularly interested in steamboat, Glenwood, winter park, the south of the state/durango... possibly even summit county and other areas.
Ive been looking up properties on zillow and cross referencing my search area with mashvisor to look at ABNB occupancy and COC-ROI rates but I feel like Im at a standstill. I dont completely trust the mashvisor data, and many/most available properties dont appear to be able to have positive STR cashflow since they are so $$$. When I do find an property that appears to have some value (and not exorbitantly priced), I dont really trust mashvisor for comparable occupancy rates. AirDNA Ive been told may b e more accurate, but I dont have one geographic area pinned down for my search.
I guess Im just looking for any help/advice in searching for a property in the state. Or any other pointers anyone can offer given my circumstance.
I really appreciate it!
