Hi Mike, this is Laura and Phil King, Ft Collins CO. We are currently selling a beautiful townhome in SE FC that is in excellent condition. It is in the $200,000 range, which is a much better price point for the rental market. I suggest that you may be ahead to purchase two or three lower priced homes, such as this, to use as rentals for the next several years. They should appreciate as well as any homes and are at a good price point for easy sale. Then, when you are ready to retire into your $500,000 home, you can sell these lower priced homes and purchase whichever home your find attractive at that time - meanwhile your investment is appreciating without you worrying about renters damaging your future retirement home.This area is the "best" selling townhome in Ft Collins,most popular areas in FC, alot of very nice retirement people, 6 beautiful parks,stores,restaurants, the Interstate and major employers. Let us know your thoughts? Thanks, The Kings

Wed Jun 11 2008, 01:21

First of all, thank you for serving! My best advice to you in buying a home is to choose one that is in a location where it could possibly be an executive rental. Depending on your downpayment, etc., it may not be possible to cover your entire mortgage with the monthly rent.

Thu May 8 2008, 14:45

Buy now. My belief is that the market in Fort Collins will be going up in the next 18 - 24 months, and if you're able to buy now, with the lower prices and low interest rates, you'll be in a good position in 6 years.

The rental market for upper end homes is harder to fill than for homes in a lower price range, but it is still possible. And, there are agents and property management companies out there that handle high end rentals.

Just make sure that you use an agent who will look out for your best interests, both in the purchase side and the rental side.

Best of luck to you!

Thu Mar 6 2008, 09:42

As a Realtor I think it is a buyers market now. It would be worth to buy a home and put it on the rental market. Most likely in 6 years you will have nice equity in home and since financial leverage is very powerful tool you will afford even better home.
All the best to you

Thu Feb 28 2008, 20:18

Having worked with Airmen and VA loans, I know your situation, I also know the rental market well, and yes there is a market for nearly every price range. I would even find you a tenant willing to pay the mortgage. It may not be easy, but I have a lot of renters calling me about my properties in the $200K-$250K that rent for 1300-1500 per month. This is not typical, but I am not your typical agent.

Wed Feb 20 2008, 20:49

Unless you need to do a 1031 exchange I'd wait because 6 years is a long time.

Renting upper tier homes is also difficult and you certainly don't want it sitting vacant for long periods with deferred maintenance issues.

Yes, it is a buyers market and a great time to buy but there is always a deal. And, I'm not sure a 1/2 million dollar risk is worth it, but that is up to you.

Good luck,
Susan Walker

Wed Feb 20 2008, 14:25

Hello Mike, You are right, it is a nice time to buy in the Fort Collins area. You can purchase a really nice home in the $500,000.00 price range. We have rentals and we also have a tenant finding service. We would also be reluctant to rent out a high end home. We are not sure if you could get enough rent to pay your mortgage. You are welcome to give us a call, we have several questions.
Dynamic Real Estate
970-226-4433

Wed Feb 20 2008, 12:57