1. Vacation Rentals - Teller County is home to some of the most beautiful scenery in the state. With its towering mountains and pristine lakes, it's no wonder that vacationers flock here from all over the country. As an investor, you can take advantage of this by purchasing a vacation rental property. There are many companies that manage vacation rentals, so you don't have to worry about the day-to-day operations. Just sit back and watch the rental income roll in!
2. Fix and Flips - Another great opportunity for investors is fix and flips. There are often properties available in Teller County that need some work but have a lot of potential. With a little elbow grease and a healthy dose of creativity, you can turn these properties into real money-makers!
3. Multi-Unit Properties - If you're looking for an investment with more cash flow potential, consider purchasing a multi-unit property. You can live in one unit and rent out the others, or rent out all units and use the income to cover your mortgage payment – it's up to you! Either way, multi-unit properties can be extremely profitable investments.
4. Commercial Real Estate - Teller County is also home to many businesses, both small and large. As an investor, you can purchase commercial real estate such as office buildings or retail space and lease it out to these businesses. This is a great way to earn passive income while also supporting local businesses!
Price Index: Colorado Springs, CO