Hard Money Lender in Colorado
The Denver real estate market has been active for quite some time now, and will remain to be active throughout this year and next. A slight slow-down may occur mid-year as inventory finally catches up to demand, but multiple bids will continue to be the norm for listings that come on the market.
Denver’s booming economy is now well diversified – fueled by tech sector, healthcare and marijuana booms – and not likely to fade anytime soon. Denver’s largest demographic is the millenials, who account for 25% of the population. With many millenials turning 30 – an age where many transition to a more stable lifestyle – many may consider home ownership for the first time. Stable interest rates will also encourage first-time home shoppers. Right behind the millenials are the baby boomers, making up 22 percent of the Denver population. For both of these demographics – the newly adult and newly retired – walkability, proximity to green spaces, and convenience to shopping and dining remain high on the Denver wish-list.
The investor market in Denver is strong. Multifamily properties are very much in demand, but the new restrictions to slot home designs may cause a dip in inventory. On the other hand, upcoming changes to restrictions concerning mother-in-law suites may result in a surge of garage apartments and backyard cabanas. Several older neighborhoods where older, dated homes needing renovation can still be found, are well positioned to be the next up and coming area.
Real estate investing in Denver is a wide open field now will remain so for the foreseeable future. Whether buying to renovate and flip, or buying with the intent to hold and build rental income, the robust economy and stable interest rates along with a strong need for housing make Denver real estate a great investment choice.
Founder / CEO
Chris went full time into real estate investing after joining the Real Estate Education and Mentor Group, Lifestyles Unlimited, in 2011. As an investor, he bought 30 houses his first 30 months in San Antonio. Chris also jumped headfirst into the private financing industry in November 2011 for an organization that had zero market presence in Central Texas. There, he originated over 400 loans for over $35M in loan volume in less than 4 years. He was then promoted to Regional Manager in August 2014 and moved to Dallas.