All Forum Posts by: Tyler Howell

@Nik, I agree with Craig - flips are too tough here now. That's a good way to put it - "past the flip state". Buy and hold for appreciation and principal pay down is likely your best play here. I suggest SFRs out in the suburbs in the $375-$425k range. They're out there but you need to act fast. That's the property category we're seeing the most rent growth in. 

@Richard Updegrove I'll DM you my CPA Carter's email address.

Here's a topic we don't see a lot about: is your CPA depreciating your rental property faster than the 27.5 year life of the structure by breaking out elements with a shorter life like flooring, roof, furnace, etc? What's your best tax savings story?

@Richard Updegrove Good buy - SFRs in the suburbs are where it's at for rentals in Denver. Make sure to find a good CPA competent in accelerated depreciation. They can put thousands back into your pocket each year by depreciating that roof and HVAC on a faster schedule than the 27.5 year schedule the structure depreciates at. 

@Theo Farver - focus on single family rentals in the suburbs, that is where we're seeing the most rent growth. Duplexes and triplexes can be prohibitively hard/expensive to get a hold of. If a big down payment isn't in the cards, @Erin Spradlin is a house hacking guru - that's an approach that many of us obtained our first rental through. Get a property manager and/or CPA who is well versed in rental tax law, or educate yourself. Properly depreciating a rental home will equate to thousands back into your pocket each year. 

Richard's approach may be appropriate for student housing. Not recommended in any other scenario. 

@Elijah Bryant The best time to purchase an investment property is yesterday, and the second best time is today. Attempting to time the market is a losing game - that goes for stocks and it goes with homes. People have been talking about a "crash" for years now, and wise folks who bought anyway have now enjoyed that many years of outstanding appreciation in Denver, while tenants are paying down their loan principals. 

@Garrett Gemmel A basement lockoff is where it's at hack-wise in Denver. Just about all homes here have a basement. And if "luxury" is a question of interior finish level, that's some serious sweat equity you can add on your own. 

@Scott L. In the current Denver market, there are 2 ways to cash flow (significantly): large down payment or find a screaming deal. Distressed properties are hard to come by, and properties sell at price points that don't typically allow much cash flow. Don't get me wrong, there are likely people on this thread with the inside edge to snag cash flow properties, but these likely aren't Midwest-caliber cash flow figures. @Thomas Cummings is correct, cash flow is great if you can find it, but appreciation is more powerful and is the main driver behind demand for SFR and small MFH rental investments in Denver.

@Brandon Bonfiglio Here in CO, ski towns are typically big summer destinations as well. I manage lots of SFRs in Denver, but own one in Breckenridge as well. Happy to talk ups and downs of markets like that, just shoot me a message. You may find fringe suburbs are a better return for SFRs.