Why your first 'investment' should be your primary residence

When working with buyers in Denver and Colorado Springs, we hear two statements all the time:

  1. We want our first purchase to be a multi-unit.

  2. Should we just keep renting here and buy an out-of-state investment?

To the first, we say … eh, maybe, but only if you really know what you’re doing. And to the second, we say, absolutely not. In answer to both of these, we always recommend that your first real estate investment be your primary residence and likely a straight up single-family home.

Here’s why: