State of the Market: Denver Q3 2020
This is the first of our quarterly series on the State of the Denver Market. If you’re not sure where to start, this is it! Every quarter we’ll release a new one to give the latest data. In it, we discuss market trends, mortgage rates, underwriting basics, current opportunities, tips and red flags. We also answer common questions like “Is it still a good time to buy rentals?” Check it out to learn about Denver investment real estate.
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Interview with Denver Real Estate Investor Kelenna Azubuike
Terrance Doyle and I sat down with former NBA player and Denver investor Kelenna Azubuike to discuss how he got started investing in real estate and his current strategy. Kelenna started with single family fix and flips in Denver in 2009. He worked as a team with his mother and brother finding bank owned or foreclosure properties, renovating them and either selling or holding them. After following that strategy from 2009-2014, he changed to buying turnkey buy-and-hold properties. He found that his full time job doesn’t leave time for dealing with contractors and tenants. His goal is to build a real estate portfolio that provides a passive income stream.
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Book Contributor Interview: Josh Erney
My guest for this episode is Josh Erney, a Denver real estate investor and client who contributed chapters to both the 2019 and 2020 Guide to Denver Real Estate Investing Strategies books. Josh is 29 and works in IT full time. His investing strategy is a combination of real estate (house hacking), life insurance, and stock market investing, primarily in ETFs and mutual funds.
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Deal Analysis – Denver Syndication of a 25 Unit Portfolio
This post with Terrance Doyle and Ben Davis of The VareCo covers how The VareCo sourced a 25 unit portfolio, got it under contract, underwrote, raised capital and their plan for repositioning the properties. The property portfolio includes six all-brick structures. Five buildings are fourplexes, and one is a five-unit building in Wheat Ridge, CO. Each of the 25 units consists of 2 beds and 1 bath, with a total of 780 square feet per unit.
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