All Forum Posts by: Robert Krechter

@Charles Roberts thank you for that tidbit. It's a confidence builder and motivating. 

@Bill S. @James Carlson that is the article I read. Although I would take most stuff in a local paper with a grain of salt, I think it's something to consider. 

@Sukreet Singh and @Bill S. thank you. I have bye no means written off the Denver and Colorado markets. I would prefer to keep it close and use a modified BRRR method. But from my research I believe the smaller amount of cash that I have($100kish) to start might go a little farther in other markets with less competition. Something that I'm willing to explore. You are absolutely right that my current jobs offers a fair amount of time to start this endeavor. But I do have a goal to move on completely from my W2 in the next 6-10 years.

Does anyone believe a market correction is coming for the Denver markets? I read an article recently suggesting just that. Might be advantageous for someone in my position to hold onto some cash should that come in the next few years. 

Thanks again for the welcomes. 

I should have also stated that buy and hold with cash flow is my plan regardless of MF vs SF. I don't really have interest in doing more flips at this point. 

This may require looking out of state given our market in Denver. 

@Jared Bouzek thank you for the welcome. I recently had a small "aha" moment and realized that I really enjoy real estate while nursing a work injury. I'm not 100% sold on my direction but have been exploring the idea of making a leap towards MF properties. Though, SF properties seem more comfortable to me with the little experience I have. I've been obsessively reading books, forums, and listening to podcasts. Excited to see where it all takes me. 

Hello BP world. My name is Rob. I've been lurking for a while and decided it was time to introduce myself. I currently own a SF rental and have done a previous flip. Currently work a W2 as a firefighter but hoping to someday transition to investing full time. Looking forward to meeting some new peeps.