Just because we work for an online company doesn’t mean we don’t like to meet investors in person. I had the opportunity to do that in the latest interview. Kevin Fletcher — Denver Metro Area Realtors, Investors, and Former professional basketball player — Visited Bigger Pockets headquarters and talked about how he got started and what he is focusing on today.
As you know From recent reportsIn Colorado (especially Denver), home prices have risen significantly.In fact, we ourselves 2015 Real Estate Investment Market Index We named it # 1 for the valuation of housing assets. It’s fun to see the city change from a medium-sized, slightly rough spot (Corfax Avenue) to a booming community. “Trendy hotspotAlso, it is not always the best cap rate and it is almost impossible to find a deal.
What this means is that investors are forced to think outside the box.
After analyzing traditional transactions and not seeing the numbers he wanted, Kevin turned to an area that many investors didn’t consider: the retired community. Probably not the most attractive niche (Or is it?), Retired community condos offered lower prices than Kevin was looking for without major structural issues to tackle.
**** Are you an investor in the Denver region? Are you interested in chatting with us about all the cool things your investment life and real estate can do (work from the couch while traveling around the world, hugging dogs and eating waffles) Such)? Give Hillary ([email protected]) Or me ([email protected]) A cry to see if it’s perfect for the interview! ****
What to expect from this interview
Notice some great insights on:
- How Professional basketball player Bitten by a real estate bug
- Why he decided Condo When Retired community
- What he learned Rehabilitation process
- What is it like to work with HOA during rehabilitation
- Tips for beginner I’m looking for a place where Kevin is
- Where he is looking investment Next
Photos and numbers
For basketball fans
Investor: Would you like to consider investing in a retirement community? Why or why not? Do you have any questions about this niche?
Please leave a comment below!