Today, Terrance and Chris walk with Kimberly through the Cherry Creek area of Denver, Colorado. This could be described as an A-class neighborhood and would make for a stable, low headache, but low cap rate multifamily investment. Kimberly details the exact classifications that set apart a great neighborhood from a neighborhood that’s just okay. Her analysis may help you find your next multifamily diamond in the rough!
Do you walk the neighborhoods where you’re investing? If you’re an out-of-state investor, how do you ensure a property is in a great area? Let us know in the comments below!
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Check out Last Week’s Full Interview with Kimberly:
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Follow Kimberly on Instagram:
@kimberlymarie920 or https://www.instagram.com/kimberlymarie920/
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Shoot Kimberly an Email:
kim@reddoorrenovation.com
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Is That Neighborhood Up-and-Coming? Here’s How to Tell:
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Understanding Real Estate Property Class:
Understanding Real Estate Property Class: How to Know Where to Invest
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Connect with Terrance:
Instagram: @terrancedoyle or https://www.instagram.com/terrancedoyle/
BiggerPockets: https://www.biggerpockets.com/users/terrancedoyle
LinkedIn: https://www.linkedin.com/in/tjdoylemathew633/
Connect with Chris:
Instagram: @chrislopez_co or https://www.instagram.com/chrislopez_co/
BiggerPockets: https://www.biggerpockets.com/users/chlopez
LinkedIn: https://www.linkedin.com/in/christaylorlopez/
00:00 Intro
00:48 Kimberly’s Neighborhood Walkthrough
05:20 The “No Spreadsheet” Market Analysis
08:25 Seeing the Story Behind the Numbers
14:09 Building Broker Relationships
17:32 Finding Flexibility on Deals
23:52 Grow Faster with Junior Brokers