Rental Property Number 28: Direct Riverfront Property with Over an Acre and Possible Airbnb

I am super excited about this property even though I had very little interest in it when I saw the deal come through in my email. The house was sent to me by a wholesaler as a possible flip and there were simply too many unknowns and costs to make it a good flip.

After I thought about the home for a while, I realized it did not have to be a flip, but it could be a rental property or even a vacation rental property. The property is right on the river in Northern Colorado with over an acre of land. the house is not in the best shape, but it is livable and large! There are currently four bedrooms and one bath, but there is room to add another bath and a huge deck overlooking the river.

After seeing the property I wanted it, not just as a rental but as a getaway for my family. At this point, I am not sure if I will use it as a rental or just be selfish and use it for myself!

We bought it for $246,000 and I think it is worth close to $400,000 after it is fixed up a bit. That would be if we plan to sell it but I don't think we will, at least not for a very long time.

It even has a blue roof which fits very well for Blue Steel Real Estate!

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Mark Ferguson’s purpose is to help as many people as he can become financially free through real estate.
Mark has been a real estate investor and real estate agent since 2001, after graduating from the University of Colorado. Mark has flipped over 180 houses and routinely flips 20 to 30 houses a year. Mark owns 20 rentals properties as well including a 68,000 square foot strip mall. Mark is the managing broker and owner of Blue Steel Real Estate. Mark is also a member of the Forbes Real Estate Council.
Mark started InvestFourMore in March of 2013 to discuss his rental property investing techniques. Mark expanded InvestFourMore to talk about his flipping business and real estate agent business. InvestFourMore now has 300,000 views a month and is one of the top real estate blogs.
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