All Forum Posts by: Stacey Yates

@Mike F. Thanks for the article.  I have heard these reports over the past couple years and had wondered if they are for downtown properties only.  After seeing a family member looking for a rental in the past few months not in the metro area I realized that prices where high in most areas.

What are the opinions on the type of property that makes the best rental?  Single family higher priced homes or smaller lower priced townhomes/condos?

Its good to here the market is strong.

Know we will not be able to count on rental property income until we have a few properties and a few years under our belt.  Another source of income will be necessary to secure loans for the properties.  

So does anyone know how the rental market for single family homes is going in the north Denver area?  Thornton, Northglenn, Broomfield, Westminster?

@Matt M. I agree that from what my research has been showing this is not a good time to get into flipping.  

Now we are kicking around the idea of holding onto our current property and turning it into a rental then buying another property to live in and renovate over the course of a year or two.  After that we could count the rental income in house #1 as actual income and purchase house #3 to live in and renovate while holding the previous two as rentals.

Thoughts?

Thanks so much for all the responses!

Thanks for the replies!

@Travis Sperr  the discussion today did turn into what if we bought 2 rental properties instead of trying to flip.  We also started talking about house hacking which is essentially what we have been doing but speeding up the process and holding on to properties for only a year then deciding whether to rent or sell.  The tricky part about that is schools.  We are limited to the area we could do this because we do have school age children.

@Bill S.   we are looking for town homes or single family homes.  I am finding in my research that we could get frustrated pretty quickly not having the buying power of experienced flippers.  

@Anson Young  it is seeming like the flipping market make be a too risky for us.  Do you have any advice or tips on house hacking.  Our end goal is to get into real estate investing we are just trying to figure out the right avenue to take.  

Hi all current Denver flippers and investors!  I am currently in the research stage of becoming a real estate investor and looking for advice, tips, etc.  I am looking to fast track this process since I am currently not working and my hubby will no longer be employed after June 1st.  We have talked about doing this for 15 years as we have rehabbed our own houses and believe this would be a good time to strike.

Our ultimate goal is to obtain 10 rental properties in the next 5 years to create enough passive income to run our household.  We are also interested in fix and flip opportunities since we have experience rehabbing our own homes.   My thinking is that the fix and flips could give us more capital to invest into rental properties.  Right/Wrong?

Thanks in advance for the responses!