What to buy... (by JamesD [CO]) Dec 15, 2008 3:31 PM|
What to buy... (by Elia [IN]) Dec 15, 2008 3:41 PM
What to buy... (by MrRational [MD]) Dec 15, 2008 4:04 PM
What to buy... (by mike [MO]) Dec 15, 2008 5:52 PM
What to buy... (by Anon [CO]) Dec 16, 2008 2:13 PM
What to buy... (by JamesD [CO]) Dec 18, 2008 1:56 PM
What to buy... (by JamesD [CO]) Posted on: Dec 15, 2008 3:31 PM
Starting to look for another property to add to our small portfolio. Those of you in CO - what would you focus on given current economic conditions - wondering what the most desirable rental units would be in the current economic conditions? There's plenty of Condo's out there to buy and of course plenty of SFH - which mix to focus on to get some cash flow?
What to buy... (by Elia [IN]) Posted on: Dec 15, 2008 3:41 PM
I'm not in CO, but I like SFH's for the easier management, and 4p's for the cashflow. I don't want to own a condo - too many rules & regs & limitations on number of renters. Also too much money for HOA dues or whatever the condo people call them. --76.240.xxx.xxx
What to buy... (by MrRational [MD]) Posted on: Dec 15, 2008 4:04 PM
It isn't the "type" of property... it is the type of tenant that can be drawn in to it.
One who can afford that "extra" $50 in rent, and actually pay it on time, and not cause issues.
My target is 25-35yo straight arrow singles sharing and childless couples who are busy as heck getting thru grad school or establishing themselves with their work. time off is spent on vacation. few have pets.
What to buy... (by mike [MO]) Posted on: Dec 15, 2008 5:52 PM
not sure a 4 plex or larger will cash flow better than a SFH. in our area the houses are so cheap and relatively easy to rent at high prices --70.253.xxx.xxx
What to buy... (by Anon [CO]) Posted on: Dec 16, 2008 2:13 PM
My thoughts are smaller units 1-2 bed (500-800 sq ft). Updated with wow. W/D a must. DW as well. New kitchen and baths. Hardwood floors and Curb appeal. Close to downtown. With private yards and garages if possible. Duplexes and rowhouses.
Still a lot of supply in the 3/2 SFH. Also lots of crime coming to the lower end suburbs. Not many entry level units (1-2bd) constructed during the boom. Lots of folks just starting out or who are starting over so no end to the demand for those units and with folks being tighter the smaller units are in demand.
That's my take. Figure out who you want to rent to and that will determine what and where you buy.
What to buy... (by JamesD [CO]) Posted on: Dec 18, 2008 1:56 PM
>>Figure out who you want to rent to and that will determine what and where you buy.<< - yeah... that's what I'm trying hard to figure out... scanning Craigslist ads daily - but they are all over the place... hard to get a feel for the properties in most demand, but I would think small 1-3BD SFH may be my targets. --98.245.xx.xx