Denver Real Estate Investments: Types of Investments
When it comes to Denver real estate investments, what should you do? ‘Buy and hold’ or ‘fix and flip’ the home? The answer…? There's no one-size-fits-all when it comes to iDenver real estate investments.
You might look for foreclosures in Denver that you can "buy and hold" or "fix and flip" since either investment could be profitable*.
Making the appropriate choice though depends on many factors like…
- the amount of money you have to invest,
- the degree of involvement that's comfortable for you,
- the amount of time and desire you have to work on your property,
- and your reason for looking for Denver real estate investments (e.g. quick cash vs. long-term goals).
Check out the profiles below to see which one most closely matches your investment personality.
Fix and Flip
It looks so easy on TV. Just buy one of the Denver foreclosures, do a little light work and make a bundle of cash. The truth is doing a Denver fix and flip requires plenty of hard work and an ability to deal with lots of issues. If you’re wondering if a Fix and Flip is right for you consider the following points before you decide...
•I will need my investment money within the next two years. •I have "hands-on" repair or construction experience. •I enjoy overseeing the many details that make-up a big project. •I know reliable contractors in many different areas of home repair. •I have lots of time to spend either working on the property or acting as a general contractor. •I can afford to live in my home while paying for my fix and flip, or I am willing to live in the fix and flip under less than ideal conditions.
Buy and Hold
What is a buy and hold? Essentially it’s any type of Denver real estate investment you plan to hold for potential investment growth. It can include single-family homes, condos, townhouses, retirement homes, commercial properties or multi-unit dwellings. To find out if the ‘buy and hold’ methodology is best for you, consider these points…
•I am willing to ride out the market for a decade or longer in return for potential investment growth. •I prefer to invest the money and let someone else handle the details. •My primary goal is planning for retirement. •I am interested in trading one investment property for another, without paying capital gains taxes (1031 exchange). •I have young children and I want to start saving for college tuition.
Now, if you answer "yes" to at least three statements in either category, chances are good that you are a candidate for that type of Denver real estate investment.
To learn more about "fix and flips" and "buy and holds," email us at
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, call us at 1-877-316-4324*, or fill out the form below for your No-Cost, N-Obligation One Hour Consultation. We can discuss your investment goals and how Dunn and Company can help you achieve them, so contact us today.
* Neither Dunn and Company, nor any other agent, can guarantee that your Denver real estate investment will be profitable. We recommend that you consult with an accountant or legal advisor to learn all the ramifications of investing in real estate.
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