Boulder's superpower is it's politics - they don't allow construction at any magnitude in the city, limiting supply long-term.

I used a 1st lien HELOC to pay off a duplex, now that I have like $5k left, I applied for a construction loan but I was denied cause my DTI is too high.

There is a ton of new construction going around in the Candelas area and a huge boom is expected in rentals, including the monthly rent.

During May, net absorption totaled 52 units, while there was no new development; the net effect of absorption and construction dynamics caused the vacancy rate to remain unchanged.

It's kind of like a a guy who gets really excited about something touch really really fast and you can't understand a word he says sometimes you have to slow it down  I've also found that I'm not saying he is but I've also found that in my life I'm 61 years old a lot of hucksters do the same thing  because they know if you show energy and excitement in a presentation more people will sign up then if you're dry as a bone

Based on the scenario, I would start by researching construction loan options.

Jeff S Na, thank you for the constructive response.  

How many syndications have you invested with and give me your story so that we can have a constructed conversation here.

@Alecia Loveless would you recommend buying a fixer upper or a new build/new construction?

I used to own my own residential construction business, let me know if theres anyway I can help you :)I really liked the recent duplex that sold in Vanier.