My Favorite Investment Strategy

If you’ve ever toyed with the idea of owning an investment property, this series is your ultimate guide! Today, let’s dive into my two favorite real estate investment strategies that could work wonders for you too.

Why I Love Real Estate Investing

Real estate is a fantastic way to build wealth. Over the years, I’ve dabbled in various investment strategies and helped many clients do the same. From auction buys to fixer-uppers, each property taught me something new. But enough about me—let’s talk about you and how you can make real estate work for you.

Strategy 1: Buying a Vacation Property

Why It’s Awesome

Do you find yourself daydreaming about the mountains every winter or longing for the lake in summer? Why not turn those dreams into a profitable venture? Buying a vacation property that you rent out most of the time and use occasionally can be a win-win situation.

How It Works

Platforms like VRBO and Airbnb make it easy to manage short-term rentals. Imagine getting a great return on your investment while having a getaway spot ready for you whenever you need a break. And don’t forget the potential tax advantages—always consult with a good accountant to maximize your benefits.

Local Northern Colorado Spots

Think about investing in a cozy cabin in Estes Park or a chic condo in Fort Collins. These areas are tourist magnets, ensuring a steady stream of renters while giving you a perfect retreat.

Strategy 2: Keeping Your Current Home as a Rental Property

Why It’s My Favorite

This strategy has been my go-to for years. When you’re ready to move, instead of selling your current home, turn it into a rental. It’s a smart way to build your property portfolio with less upfront cost and hassle.

How It Works

When you buy a home to live in, you benefit from lower down payments and interest rates. Once you’re ready to move, you can keep the current home as a rental, enjoying tax advantages, mortgage paydown by tenants, and equity gains.

Timing and Tips

Consult your team of advisors—me, your loan officer, and financial planner—to see if this is viable for you. Each move you make can significantly boost your financial stability.

Strategy 3: Flip a House

What You Need to Know Before You Flip

House-flipping can be incredibly rewarding, but it’s essential to go in with a plan. You need a good credit score, a buffer for unexpected costs, and a team of reliable contractors. Don’t overpay for properties, and always calculate the after-repair value to ensure profitability.

Finding a Good Deal

Look for properties below market value that need cosmetic upgrades. Avoid homes with major structural issues. Areas like old town Loveland or up-and-coming neighborhoods in Greeley might have hidden gems waiting for a savvy investor like you.

How I Can Help

Not only do I have personal experience in flipping properties, but I’ve also guided clients through the process successfully. Here’s what I offer:

• Location Insights: Knowing where to buy is crucial. I can help identify neighborhoods on the rise.
• Property Evaluation: Ensuring you don’t overpay and understanding the potential for profit.
• Timing: Helping you complete projects during peak market times.
• Financing Guidance: Navigating loans and HELOCs.
• Renovation Advice: Balancing upgrades to meet buyer expectations without overspending.
• Marketing: Getting your property in front of the right buyers at the right time.

Thinking about real estate investment? Let’s chat! Schedule a time here and let’s explore the best options for you based on your goals and finances.

Real estate investing is a journey, and I’m here to help you every step of the way. Let’s turn those investment dreams into reality!