And here’s another thing! A while ago, I mentioned wanting to do some kind of creative project. Well, this is it!
We bought this house and are fixing it up so we can rent it out. We originally thought about flipping a house, but the margins are way too tight in Denver right now, especially for people like us with no experience or connections. (“Tight margins” is the fancy real estate investor way of saying prices are too high to count on making much of a profit by flipping.) Being landlords seems to be going pretty well for us so far, so we figured we’d try to (slowly — this is a crazy sellers’ market) expand our Denver real estate empire (Two investment houses does not an empire make but I like to dream!) and have more reliable income from tenants while also enjoying the appreciation we hope will continue as everybody in the world decides to move to Denver.
Fixing up a house is a lot of work and we’re very slow what with having full-time jobs and a kid and all, but I’ll share updates as I have them.