According to a July 6, 2015 article in the Denver Business Journal, Denver is at the top of a list of cities offering attractive investment in residential rental properties ranked by HomeVestors of America Inc.
HomeVestors, a Dallas-based company known for their “We Buy Ugly Houses” slogan, bases this ranking on factors including above-average population growth (check!), 2% or greater job market growth (check!) and low unemployment (check!).
The article discusses the bargains once available to investors in larger markets in the form of Foreclosed properties – but deals in this market segment have largely been picked clean, particularly in population centers like Denver. While these types of deals are harder and harder to find, there are still keen investments available across Metro Denver for the savvy buyer, and rental property – particularly single family homes – continues to be in high demand in this area.
Are you thinking about investing in Denver-area Real Estate? The rental market is incredible in our area, and shows no signs of slowing. The key to wise investing in the rental market is LOCATION (LOCATION, LOCATION), sensible negotiation, and working with a knowledgeable Realtor who knows the local market in your neighborhood of choice and can help guide your search.
Whether you are considering investing, selling, buying, or just want to know more about the Denver marketplace, I’d be happy to chat. Drop me a line or pick up the phone – I’m here to help.