I live in the Centennial area and know many people that have purchased condos to rent and it can work well. The interest rates are low, rental inventory is low therefore it would be hard to go wrong with a condo purchase. The trick is purchasing for the best price possible such as a short sale or bank owned property. Let me know if I can help you in any way.
Metro Brokers, Gordon Properties, Inc.
In general I would say absolutely!! But to define it further I would say it all depends on the purchase and the area how much it will benefit you. I have other investors that are doing just what you have mentioned here. Some to live in down the road and others to sell down the road for what would seem to be a nice profit. I work in Denver primarily, but from what I have seen in Aurora South and Centennial area it looks like it would work there as well. It is more about the purchase price than the interst rates; although there are good rates now as well. You could look to put 25-30% down on a condo investment property. Let me know if I can help.
Your Castle Realestate
Obviously...the more you put down, the lower your payment will be. It's definitely possible to have positive cash flow in this environment. You just have to be careful about your costs.
Brokers Guild Cherry Creek Ltd.