If you’re looking to achieve financial freedom, investing in real estate is a great way to do it, and we believe Colorado Springs is a great market to invest in. However, building a successful real estate portfolio can be challenging. There are various strategies to consider, such as rent-by-the-room or short term rentals such as Airbnb. But to succeed, it’s crucial to understand the deal breakers and key factors that contribute to your success in real estate. Fortunately, we have real-world data from experienced investors to guide you through the process.
Garrett, is a real estate investor who went from renting out his single family home to becoming an experienced investor with a portfolio of single and multi-family rentals. Garrett shares his experience between owning single family and multi-family rental properties and explains exactly how to analyze deals so you are comfortable with your decision. And most importantly, WHAT part of those deals you should be attentive to starting from the outside, like whether you should create an outdoor space, or why maintaining the exterior is so important.
Garrett also shares his insights on cash flow, longevity, and utilities. If you combine the benefits of each property -such as amenities-, and proper management, your tenants will enjoy living at the property, and hopefully will remain residents for many years!
If you hang out until the last part of the episode, you’ll listen to Garrett’s amazing advice to build up your portfolio like a pro. Share this one with colleagues and friends that can benefit from it!
In This Episode We Cover
- Market analysis before investing is important to look at various deals.
- The main differences between owning a single vs multi-family home.
- Tenants’ relationship to space: what you need to look after when considering a deal.
- Dumpsters vs. trash totes, their pros and cons, and why this can add value to a property.
- Price awareness depends on the area.
- Amenities and maintenance depend on the property and the tenants.
Help Us Out!
We want to know what you want to hear! What struggles are you having in your real estate investing journey? What has you stumped? What will help you level up your investing game?
We want to know!
Please send an email to [email protected] to submit your answers!