You may have heard that becoming a real estate investor in Colorado is a good idea. Have you wondered why? With the economy growing and the real estate market becoming more stable, college towns like Boulder and hot downtown areas like Lodo, investing in Colorado real estate is a great idea. Here’s why.
Rental income, obviously, is one good reason. The income from rental properties can be a great main income or supplemental income. It’s probably the main reason why you invested in the first place. That rental income is an immediate and ongoing benefit. If you sell your investment as an investment/rental property, having a good long term tenant or good rental history is a plus for a prospective buyer.
Appreciation is another good reason. Normally real estate appreciates in value with inflation. That increased value may not be an immediate benefit, but later at sale you will recognize it, or if you need lines of credit, the appreciation and gained equity will give you somewhere to gain credit. Improvements to the property add to that equity as well, so don’t be afraid to make them.
Finding properties in hot areas, or college towns is a great idea. There may be higher turnover, especially in a college town, but with guaranteed tenants coming back year after year, it’s worth it.
Now Is The Time To Invest
Prices haven’t spiked up (although there has been a steady appreciation) and now is a good time to invest. Waiting for a better time will mean paying higher prices, and lowering your return on investment. So don’t wait, invest now and watch your balance sheet grow.
If you would like to find out more about how to become a real estate investor in Colorado, give Tena D. a call today! 303-452-5853