Mike Wilkinson Embark Realty Group, LLC
States: Colorado
Counties: Denver, Jefferson, Gilpin, Eagle, Breckenridge, Routt, Park, Freemont, Arapahoe, Douglas, Boulder, Adams, Broomfield, Grand
Cities and Towns: Denver, Lakewood, Englewood, Littleton, Westminster, Thornton, Golden, Evergreen, Conifer, Bailey, Aurora, Parker, Centennial, Greenwood Village, Arvada, Boulder, Castle Rock, Broomfield, Morrison, Highlands Ranch, Wheat Ridge, Glendale
Licensed Since: 2016 | CO License # ER100072256
About Mike Wilkinson
My specialization is helping investors in the 1-4 unit space, about 95% of my clients fall into this category. I am an agent that "walks the walk" and have made all of the following type of investments personally: long term rentals (both in state and out of state), short term rental, flips, live-in flips and house-hacks. I help clients in all of these categories, as well as mid-term rentals, which have become more common. The greatest joy I get out of my job is helping clients build a portfolio over the long haul, and from the ground up as well. A number of my clients are on their 4th or 5th transaction with me, and I cherish these partnerships. The closing table is not the end of the line with my clients. It is only the beginning, and I pride myself on helping clients execute their plan after closing and begin to plan for the next investment.
Almost all of my personal investment projects have required significant rehab, and I have managed all of those projects myself. Between these projects and my client's projects, I have developed EXCELLENT relationships with subcontractors and contractors that provide quality work at investor pricing. When I talk about what a project will cost and how to go about it, it is from experience and knowledge.
To learn more about Mike, listen to his interview on The Rental Income Podcast:
How One Investor Skipped Cash Flow and Hit it Big With Appreciation With Mike Wilkinson (Ep 411)
Market Overview
Denver Metro is where you invest if your goal is to grow your net worth at a quick rate. I would highly suggest this market for one who is trying to build their tokens, but not to one who has already built their tokens and wants to cash them in. If you want to live off of your cash flow in the next 2 or 3 years, you should invest in a different market. If you want to live off of cashflow in 10 years, I would argue this is one of the best markets for you Denver Metro is one of the most desirable places to live in our country, and this is why it has grown so quickly, and will continue to do so. The culture and economy is among the most progressive in the country, with many tech firms choosing to move their operations here for that reason. Taxes are low, unlike many other desirable places. We have 300 days of sunshine per year, and beautiful mountains for recreation only minutes from town. Denver International Airport is the largest in the US and makes it convenient for people to live and work from here.
The "Covid Era" has changed the way that people live, and the way that the employer / employee relationship works. When you combine these changes with a very individualistic culture, you end up with a world where people up and move where they want to on a whim. They take their good paying jobs with them and live where suits them best. Denver has a perfect mix of fun, beauty, climate, convenience, and economy for people to choose as that place they want to live.
Investment Price Points
$550,000 is a typical single family price point and a sweet spot in this market. It allows you to buy enough home to get creative and push revenue to the max, while keeping costs reasonable enough to cash flow. Lower price points are possible but they do not allow as many creative strategies. Duplex price points are typically closer to $650,000+.
Free Report: Demographic and Housing Data on the Denver Market
Would you like free demographic and housing data on the Denver Market? The report includes information on schools, income, employment, crime, average sale prices, fair market rents and more. You can get reports on the whole market or zero in on a specific zip code.
This report has all the info you need to help you decide if the Denver Market is right for you! Click here to get your free report.
