In this article, I will share the ten proven tips for Investing in Denver real estate and making a good profit from it. I will also share the ten best places in Denver where you can make the most money, as these places have proven to give the best returns over the years. If you put your money there most of the time, it will perform well.
Ten Proven Tips for Investing in Denver Real Estate
There are several reasons why investing in Denver real estate is attractive and profitable. The most common are as follows:
- A large population of tourism
- A diverse economy with everything you can imagine
- More opportunities for Airbnb Rentals
So, here are the top ten reasons for making a real estate investment in Denver.
Also, read: How to invest in Florida real estate
Table of Contents
1. The Job Market
The job market in the city is below average from other states. That means more and more people are getting jobs in the area. The economy is growing, and the rental market is also growing as those employees need a place to live.
2. A Diverse Economic Factor
You can find businesses from many different industries in Denver. Businesses include tech, telecommunications, energy, and mining companies. And you know how important a diverse economy is for real estate investment. It can bring you success in no time. Denver offers that.
3. Attractive Modern Lifestyle
The city offers 300 days of sunlight a year. That is why it is relaxed and vibrant. The entertainment facilities attract millions of tourists from around the country on Mount Evans and the Rocky Mountain National Park. That proves that the lifestyle in the city of Denver is quite amazing.
4. Airbnb Expansions
The city of Denver ranks as a great market for short-term rentals and becoming the reason for an expansion from Airbnb. The top weekend vacation destinations are within hours of the city. The place is becoming an outstanding option for generating rental income.
5. Property Appreciation
Investment properties in the city have historically appreciated in value. Plus, steady demand from homebuyers keeps home prices in control. New ongoing construction for the region will keep the marketplace going. This is the single reason why Investing in Denver real estate can make you good money in the long run.
6. Denver is a Strong Property Market
For your long-term view investing in Denver real estate shows a strong sign. It is an investor’s dream to invest in those properties as the housing supply has consistently increased in six months, and the demand supports it.
7. A Big Opportunity for BRRRR
BRRRR means Buy, Rehab, Rent, Refinance, Repeat. Denver real estate offers many opportunities for these kinds of strategies as their popularity is increasing annually. New investors can use these BRRRR to make quick bucks in this new market.
8. Opportunity for House Hacking
House hacking is a process to live and generate income from your investment. For example, you will buy a house, which maybe consists of 3 rooms. You will live in two, and the other one will be on rent. That is house hacking. The city of Denver offers these kinds of opportunities because of the job market and its rising.
9. It is A Buyers Market
Denver Post says the city remains a market for buyers. There is a huge no of new home buyers looking to settle in the area. Single-family homes are ruling the market in current condition, but condos, multi-family homes, and townhouses are still generating some sales.
10. The Real Estate Trend is Positive
Real estate trend depends only on one thing, the occupancy rate. If the occupancy rate is low, the market is not performing as it should. But Denver’s real estate market is somewhat fully occupied, and the homes in the future will also be occupied for at least a few years.
That is why it’s a great time to invest in Denver’s real estate market and make some money.
Best Areas in Denver for Real Estate Investment
Here are the ten best areas you can invest in Denver real estate. I am listing them below. Although, you can choose any place you like. Choose the area that is close to you. You will able to analyze that better.
1. West Colfax
The rental properties on West Colfax are more affordable, drawing in more renters to the area. That means investors will already have a tenant pool to work with. The downtown area is also only twenty minutes away, making it more accessible for the average man.
2. Hampden South
It’s the most affordable neighborhood in the area. It has several quiet green spaces. It’s perfect for those who love the outdoors, and the neighborhood is calm, with some of the most beautiful mountain-range views.
3. Mar Lee
Mar Lee consists of many coffee shops, parks, and fantastic nightlife in this neighborhood. It is one of the best areas in Denver to purchase investment properties, as you will see that young couples and singles make up most of the rental market in the area.
4. Glenwood Springs
The Colorado River runs alongside Glenwood Springs, lakes, and natural steam baths are all over the place, and it provides outdoor activities all year long. That is why it attracts tourists and new home buyers, providing several renter locations for investors to choose from.
The suburban feel with close proximity to the downtown hub is just amazing in Gateway. You can target families looking for a quiet suburban lifestyle and easy access to major cities. It’s one of the best places to live in Denver.
The suburban Rosedale has witnessed an increase in new apartment buildings as it is only a 20-minute drive from downtown. Plus, Adventist Hospital and sizable parks like Harvard Gulch Park are attracting many people to live in the area.
7. Congress Park
Recently, popular stores have come to the area, making it a great spot for young families. People love and adore the classic architecture that is available as well in the area.
Ten Best Real Estate Companies in Denver
In Denver, there are more than 100 real estate companies performing well in the local market. But these ten, I think, perform excellently.
- Excellere Partners
- KRG Capital Partners
- Mountaingate Capital
- Spartan Investment Group
- Skyline Real Estate Investments
- Broe Real Estate Group
- Madison Commercial Properties
- Colorado Mortgage Group
- Kentwood Real Estate
- LBA Realty
If you need anything, you can approach any of them and invest.
So that is all the tips for investing in Denver real estate. You can choose any of the listed areas to invest in, but I recommend you invest near your home. Share this article. Thanks for reading. See you soon.