Progressive Real Estate and Investment is owned and operated by David Gerlitz, Real Estate Broker and Licensed Realtor in the state of Colorado. David and his team have been working in the Boulder, Longmont and Denver Metro real estate market for the last 7 years with an intensive focus on income properties and rental properties which provide multi family investment opportunities.
The Types of Colorado Investment Properties That We Represent Include:
We are wired into the income property opportunities in the Boulder, Longmont and the Denver Metro areas. Each city has different income opportunities and property restrictions that are vital to be aware of when considering investing in an income property. Additionally, we offer property management services for your income property through our sister company, Baseline Capital Partners.
One of the key factors in purchasing rental properties in the Denver Metro and Boulder areas is financing. Most development, condo and townhouse associations are geared towards preserving investor to owner occupied ratios, in compliance with maintaining Freddie Mac and Fannie Mae funding. We have access to lenders who can do conventional or private funding, depending on the situation. That having been said, finding funding for some of the small associations or buildings can still be a challenge.
Boulder Rental Properties and Multi Family Units
Boulder is brimming with real estate investment opportunities, starting with housing for the students at the University of Colorado (CU) and including student housing for the smaller Naropa University. Student housing opportunities generally tend to be single family homes that are rented to college students on a per room basis for the school year term.
Many of our Boulder real estate investors are curious about how much these housing units typically cost and a good rule of thumb is $100,000 per bedroom. which equates to a typical purchase price of between three and four hundred thousand dollars for a college rental property.
Income property in Boulder is at a premium as the city strictly limits new building and has purchased large amounts of “open space” which is prohibited from being used for housing. Currently there are only two pockets of new development which include a 100 unit apartment building and a small single family, townhouse development.
Longmont Rental Properties and Multi Family Units
Longmont is a Denver and Boulder suburb that maintains a charming small town feel, while still providing access to metropolitan entertainment and travel. Longmont rental properties tend toward single family homes and condominium units. Prices for Longmont investment properties are lower than in Boulder but lack the ready, willing and able rental pool of student housing that the colleges of Boulder provide.
Old Town Longmont is residential area with a charming downtown section that offers single family homes with character for as little as a few hundred thousand and which can command reasonable rental fees, ensuring a stable and available pool of renters. This area of Longmont offers walk to shops, restaurants, the library and post office.
Selling real estate with exceptional service, integrity and an investor’s eye.