Your Own Home

The best and first investment is owning your own home. From there, you can work on fitting in other ways to bring in extra income streams that can help with mortgage payments, as well as other home improvement projects.

Accessory Dwelling Unit (ADU)

ADUs are also known as Carriage Houses, Mother-in-Law Units, Granny Flats, or Casitas. They can be a great option for adding an income stream through renting, either short or long term, to help with updates to and maintenance on your home.

House Hacking

When you own your own home, you can also choose to rent out part of it, likely a bedroom. Because you live there, you have lending benefits of the property being owner-occupied, while also earning extra income to offset your monthly mortgage and expenses. This is a great way for first-time homebuyers to make ends meet and have breathing room in their budget - or even cover your whole mortgage payment!

Vacation Homes

This can be a great way to put 10-20% down on a home that you can use for vacation and then rent it out the rest of the time to offset the mortgage and expenses. With the Rocky Mountains in our backyard, this is a great way to have an accessible weekend getaway that also brings in extra income.

Interested in a mountain home? Let me help!

Rental Properties

This is a more traditional approach where you put at least 20% down on a property and then rent it out to tenants. In this type of scenario, you need more cash on hand because you’re buying a property that will not be owner occupied. This means more lending restrictions. You’ll also need to narrow the search for your investment property based on the cost and rental estimates to ensure it’s worthwhile.