Joe Massey and I just wrapped up the March 2019 roundup webinar (our monthly "let's grab a virtual cup of coffee and talk Denver real estate investing.")
- March 2019 Denver real estate market update
- Deal Analysis #1: House hack in Westminster, CO
- Deal Analysis #2: 1% Rule Rental property in Aurora for $100,000.
At the end, we compared the two down payments for the $360,000 house hack vs the $100,000 rental property. The house hack's down payment (5%) and closing costs required about $23,000 cash at closing. The $100,000 rental property required about $30,000 of cash at closing. Even though the rental is priced much lower, it still requires more money out of pocket than a house hack that is almost 4 times as much! That's the power of low down payment options. We highlighted this because many people want to invest out of state of for cheap properties. Make sure you explore the house hacking option as well!