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All Forum Posts by: Tracie J.

Tracie J. has started 7 posts and replied 19 times.

Post: What are the best markets to invest in?

Tracie J.Posted
  • Denver, CO
  • Posts 23
  • Votes 4

Thank you for for sharing, Brad, I appreciate. 

Post: What are the best markets to invest in?

Tracie J.Posted
  • Denver, CO
  • Posts 23
  • Votes 4

Goals; Cash Flow/income & financial freedom/security. I'm approved for $1.1M. I lost everything in 2009/10. I haven't bought any real estate since 2010. 

I've been living in Denver. Now I want to get back in the market and it's sooo expensive. I'd basically break even on renter/mortgage, if that. I'm looking at 700-800k for a crappy bungalow with a basement. I would make a single family home into 3 units, basement, garage ADU & main-i'd live in. But then, I'd be putting out at least another 100k+ just to add units.

I'm drawn to neighborhoods and cities that people want to be. but the cost to rent ratio is so high and doesn't make sense if I want a financial free future. I'm thoroughly confused and don't want to make the wrong move, I'm skittish from losing everything but not doing anything, isn't getting me ahead. 

Help!  What markets should I invest in, what should I buy...single family or duplexes/quadplexes? Is there an investor coach out there?  I'd welcome any feedback. Thanks so much, Tracie

Thank you for sharing, Solomon. I don't own anything yet. Just doing my due diligence. 

Thank you all for sharing, I greatly appreciate. 

Hi there, I'm just starting to get into small multi family.  Should I do section 8?  Sure, the state does autopay $1200 per month. My concern is what if the tenant trashes the property, I have no recourse. I wouldn't be able to get money from the tenant for repairs as they are section 8 and don't have the monetary to begin with. Thank you for sharing your opinion...Tracie

Thank you for sharing, Ryan!

Does anyone have extensive investment experience in these markets? How do you feel about Phoenix, Boise, SLC, Austin? Thank you, I appreciate you sharing...

Does anyone have extensive investment experience in these markets?  How do you feel about Phoenix, Boise, SLC, Denver, Austin? Thank you, I appreciate you sharing...

Thank you, all. I appreciate for insight!