Denver Investment Real Estate

Chris Lopez - Denver Investment Broker
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  • Investing
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Denver Real Estate Investing Podcast

  1. 6d ago

    #623: Could Indoor Playgrounds Be the Next Great Cash Flow Play?

    An indoor family entertainment concept that started in Aurora is quietly on track to become a billion dollar enterprise, and most Colorado investors have not heard the story yet. Lava Island opened its first park in 2018 and now operates 11 locations across the country, with every single new park cash flowing positive in its first month. Chris Lopez sits down with Dan Price, managing partner at Amplify Capital, to break down the Lava Island investment opportunity. Dan came to this deal after a 9-figure exit in insurance services and is now the single largest investor in the offering, calling it a once in a couple decades opportunity. The conversation covers what makes Lava Island structurally different from Urban Air, Sky Zone, and Boondocks. The 2 to 12 age focus, the absence of arcades and go-karts, and a staffing model that runs on roughly 40 people versus 120+ at competitors all combine into a simpler, lower liability, higher margin business. Dan gets specific on the numbers behind the Lava Island investment opportunity. The original Aurora location did 6 million in top line revenue on 10 dollar hourly passes. Each new build costs around 4.5 million. The reinvestment fund is modeled at a 6.8x MOIC with target exit in late 2029 or early 2030. The cash flow fund delivered a 16.44 percent annualized distribution in May and is projected to hit the mid 30s by the end of next year. Accelerated depreciation gave 2025 investors 1.17 dollars in deduction losses per dollar invested. For offering details and data room access on the Lava Island investment opportunity, reach out through ampcap.co. In This Episode We Cover: Why no arcades, no go-karts, and a 2 to 12 age focus is the competitive moat How Lava Island scaled from 1 location to 11 in roughly 2 years The vertically integrated construction model with hand-painted murals at every park Why every new location has been cash flow positive month one The 6.8x MOIC reinvestment fund vs the cash flow fund paying monthly distributions How accelerated depreciation wiped out gains for 2025 investors Why Dan believes this is a once in a couple decades opportunity This is the most aggressive offering Lava Island will run before terms tighten in future raises. If you have wanted exposure to a proven family entertainment concept with national expansion underway, this is the episode to listen to before reaching out. Watch the Youtube Video https://youtu.be/M3Q3VOwRg88 Timestamps 00:00 Welcome and intro to Lava Island family entertainment investment 01:30 Dan Price background ranching roots to 9-figure insurance services exit 05:04 From Narrate Ventures to Amplify Capital growth capital rebrand 06:54 Why founders need partners painful and lonely journey 08:23 What Lava Island is 2 to 12 age focus vs Urban Air Sky Zone Boondocks 13:03 Operating leverage 40 staff vs 120+ at competitors 14:45 Liability de-risked no go-karts no climbing walls no teenagers 16:24 Founders Boyd and Celeste 15+ years building parks across Europe 23:06 CEO Chase hired with one location pedigree of scaling exits 25:34 Vertically integrated construction Polish muralists hand-paint every wall 28:44 11 locations open expansion to 40+ targeting billion dollar enterprise value 31:04 Every location cash flow positive month one 32:04 Reinvestment fund 6.8x MOIC modeled returns and qualified purchaser requirement 34:25 Cash flow fund 16.44% annualized May distribution mid 30s projected 35:06 Accelerated depreciation $1.17 deduction per dollar invested in 2025 36:41 How to reach Amplify Capital Links in Podcast Amplify Capital Lava Island Reach out to Chris and the team by emailing chris@propertyllama.com for a warm intro to Amplify Capital or to discuss the opportunity further.

    53 min

  2. Jun 30

    #622: Inside Jeff's 10th House Hack - Two Houses, 10 Bedrooms, One Denver Lot for $610K

    Two single-family houses on one lot in Denver for $610,000. A 4-bedroom front house and a 5-bedroom back house, each with separate entrances, separate utilities, and two addresses. As a result, you get the kind of house hack property that pops up maybe one to five times a year on the MLS. In this episode, we break down Jeff White’s 10th house hack, which closed in early May. First, Chris Lopez sits down with Jeff and Troy Howell of Nova Home Loans to unpack the numbers, the loan structure, and the strategy stack behind the deal. To start, Jeff and his wife Suleyka began their house hack journey in 2017 with a single fourplex, replacing a $1,500 monthly mortgage payment with $0. Nine years later, they’re hitting double digits. Meanwhile, Troy structured the financing at 5.625 percent with $24,500 in seller credits. Next, Jeff walks through how he found the deal, why the listing agent picked his offer over a higher one, and the strategy stack he ran before going under contract. For example, market rents pencil at $5,800 a month. By comparison, rent by room hits $7,200. Then, Section 8 lands at $6,900. Ultimately, the sober living triple net play Jeff landed on pays $3,600 per house with the operator covering all utilities on a 5-year lease. In This Episode We Cover: Why two houses on one lot is essentially a 2-for-1 house hack at $300K per single-family equivalent How a daily 10-minute search routine across 7 saved searches caught this house hack deal on day one The $24,500 seller credit that bought down the rate and covered the PMI buyout Why positive leverage is back in Denver with cap rates above interest rates House hack year 2 numbers – $2,787 monthly cash flow and 41% cash on cash Investor scenario at 25% down – $3,011 monthly cash flow and 11% cap rate Why this is the best Denver buying window since 2017 for house hackers and investors The $85K discount one client just got by making a “disrespectful” offer If you’ve been waiting on the sidelines for Denver to make sense again, this house hack breakdown shows what’s actually getting done in 2026. Watch the Youtube Video https://youtu.be/Dx4IWh2r8cI Timestamps 00:00 – Welcome and intro to the 10th house hack  02:38 – The 10 house hack milestone starting in 2017  03:11 – Every strategy tried along the way  07:09- How to hit 10 house hacks in 9 years  08:50- The daily search routine – 7 saved searches  09:57- The property – two houses, one lot, $599K  11:18- Why the listing agent picked this offer  15:39 – Running the strategy stack on this property  -20:00 – The sober living triple net play  20:52 – Loan details with Troy at 5.625%  22:10- The $24,500 seller credit story  24:38 – Investor scenario – $3,011 monthly cash flow  29:09 – Year 2 house hack – 41% cash on cash  30:25- Positive leverage and an 11% cap rate  35:38- The $85K discount client story  36:25 – Best buying time since 2017 Links in Podcast Jeff White: jeff@envisionrea.com Troy Howell: troy.howell@novahomeloans.com LinkedIn: Troy Howell Website: https://www.novahomeloans.com/loan-officer/troy-howell/ Denver House Hacking Spreadsheet Who is Nova Home Loans? Website: https://www.novahomeloans.com/loan-officer/troy-howell/ For over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today! NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO

    53 min

  3. Jun 23

    #621: Student Rentals, Fire Risk, and Local Politics | Former Superior Mayor Weighs In

    Former Superior mayor Clint Folsom has owned Boulder student rentals for over three decades and led Superior through the Marshall Fire rebuild. He brings a perspective most Colorado investors will never get. Host Chris Lopez sits down with Clint to break down what’s actually moving in the CU Boulder student rental market. They walk through two live listings, a $915K five-bedroom south of campus and a $2.26M seven-bedroom duplex on University Hill, and run the gross rent multiplier math on each. Clint explains why GRM beats cap rate for student rentals and how the 2024 Colorado occupancy law change opened up bigger houses to more tenants legally. The conversation then shifts to the Marshall Fire, which destroyed roughly 1,100 structures in December 2021, including about 400 in Superior. Clint shares what he discovered when he audited his own policies in the aftermath, and why most Colorado landlords have two specific coverage gaps that could ruin them after a major loss. Whether you’re analyzing a Boulder rental, auditing your insurance policies, or thinking about how to get more involved locally, Clint’s experience offers a roadmap most Colorado investors never get. In This Episode We Cover: Why Boulder student rentals get priced per bedroom, not per square foot How the 2024 occupancy law change reshaped Colorado student housing When GRM beats cap rate for analyzing rental deals The two insurance gaps the Marshall Fire exposed in most rental policies Why you need 24 months of lost rent coverage, not 12 How Superior hit an 80% rebuild rate in 4 years Why real estate investors should engage in local government Watch the Youtube Video https://youtu.be/kYYVomtIymQ Timestamps 00:00 – Welcome and Clint Folsom intro 01:58- Boulder market overview and Pine Brook Hills 03:10 – CU Boulder student rental basics 05:27 – 2024 Colorado occupancy law change 07:21 – Boulder student housing price per bedroom 09:10 – University Hill rent ranges per bedroom 11:53 – GRM vs cap rate for student rentals 13:32 – GRM walkthrough on two Boulder listings 16:57 – Boulder rental licensing requirements 18:25 – Buying a CU Boulder rental for your kid 20:20- Marshall Fire recap, 1,100 structures lost 22:39 – Landlord underinsurance lessons 25:35- 24 months of lost rent coverage 27:19- Marshall Fire rebuild, 80% in 4 years 28:53 – FEMA coordinated debris removal 33:42 – Home inspector to mayor of Superior 38:49- Investors engaging in local government 40:42 – Where to find Clint Folsom Links in Podcast Reach out to Clint Folsom: Folsom and Company Real Estate: https://www.folsomco.com Clint Folsom on LinkedIn Clint Folsom on Facebook

    53 min

  4. Jun 16

    #620: Denver Properties Are Sitting Twice as Long as You Think | May 2026 Market Update

    The Denver May 2026 real estate market update delivered a surprise nobody saw coming. Active inventory dropped nearly 10% year over year, the first time that’s happened in years. Everyone expected the opposite. With affordability stretched and rates still elevated, the consensus was that inventory would keep climbing through 2026. Instead, new listings collapsed 17.2% and sellers are choosing to wait rather than test a softer market. Chris Lopez sits down with Jeff White of Envision Advisors, Brandon Scholten of Keyrenter, and Troy Howell of Nova Home Loans to unpack what’s actually happening underneath the headline numbers. Attached property average prices ticked up 3.4% year over year, days on market nearly tripled the median in some categories, and 71% of Denver agents closed zero deals last year. Then Brandon walks through Keyrenter’s new 3-7-12 day vacancy management plan and shares a real example where a $1,600 rental dropped to $1,475 by day seven and leased before the next adjustment. The team also breaks down why some Denver short-term rental operators are looking at midterm conversions as commercial tax rates eat their margins. The episode closes with a full deal breakdown on a Loveland fourplex at $685K with $27K in seller credits, all units renting at $1,400, and a creative third-bedroom conversion play hiding in the enclosed patios. This Denver May 2026 real estate market update covers the data, the strategy shifts, and the deal mechanics investors need to act on right now. In This Episode We Cover: Why Denver inventory dropped instead of climbing in May 2026 The 3-7-12 day rental pricing plan that’s cutting Keyrenter’s vacancy How short-term operators are dodging commercial tax rate hits The Loveland fourplex deal at $685K with $27K in concessions Why most lenders can’t or won’t structure post-closing contractor credits How to convert an enclosed patio into a third bedroom for higher rents If you invest in Colorado real estate or are watching the Denver housing market in May 2026, this episode covers the data and decisions that matter right now. Watch the Youtube Video https://youtu.be/UWSBM_TOkxE Timestamps 00:00 Welcome and Panel Introductions 01:23 – Denver inventory drops 10% year over year 04:42– New listings down 17% as sellers wait 07:52 – Foreclosure data and credit card debt theory 11:38 – Attached prices up 3.4%, days on market double the median 21:15 – The flat sideways market thesis 22:25 – Brandon’s 3-7-12 day vacancy management plan 31:22– Short-term operators eyeing midterm as taxes hit 35:29 – Keyrenter hiring for midterm division 37:25 – Loveland fourplex breakdown at $685K 42:55 – $27K in seller credits and how Troy structures them 49:20 – Final numbers on the 6.375% fourplex financing Links in Podcast Troy Howell: troy.howell@novahomeloans.com LinkedIn: Troy Howell Website: https://www.novahomeloans.com/loan-officer/troy-howell/ Brandon Scholten: brandon@keyrenterdenver.com Website: https://keyrenterdenver.com/ Jeff White: jeff@envisionrea.com Now Hiring at Keyrenter Denver Keyrenter is hiring for a new midterm rental position to spearhead the Midterm Rental division. The role involves networking, client and tenant relations, and potentially some traditional leasing duties to start. Ideal candidates have some real estate investment experience of their own, whether that’s a house hack, a small rental portfolio, or active involvement in the local investor community. It’s a good fit for someone who wants to combine their investing interest with a day job in property management. Interested candidates can email amber@keyrenterdenver.com. Who is Keyrenter? Keyrenter Property Management Denver provides rental solutions for homeowners and real estate investors in the metro area who are interested in transforming their properties into passive income. It offers various services, from property marketing and thorough applicant screening to tenant placement and 24/7 maintenance services. Keyrenter Denver’s team of experts can take the clients’ burden of managing their rental off their hands so they can get back to what matters to them. Who is Nova Home Loans? For over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today! NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO

    53 min

  5. Jun 9

    #619: The Seller Credit Play That Hit 5.625% in Denver

    The Denver multifamily market just handed investors something they haven’t seen in a decade. Soft demand, motivated sellers, and seller credits big enough to buy your rate down into the fives. Right now, deals that didn’t pencil two years ago are starting to look like real opportunities for both house hackers and landlords. Host Chris Lopez sits down with Jeff White, Envision Advisors broker and active investor who just closed on his 10th house hack, plus Lender Troy Howell from Nova Home Loans. Jeff bought down his most recent purchase to 5.625% using seller credits, and the three break down exactly how he did it. The trio walks through three live Front Range deals — a Lakewood side-by-side duplex at $769K, an Aurora triplex at $625K, and a Wheat Ridge duplex at $775K. Each one gets analyzed through two lenses. First as a house hacker putting 5% down. Then as an investor at 25% down. The Lakewood duplex can house hack for $133 a month and cash flow $1,000 a month in year two. The Aurora triplex starts break-even and hits $1,000 a month after a few rent adjustments and one Section 8 conversion. Jeff and Troy also unpack the rules of thumb that matter right now. The 2% cash-on-cash benchmark for Denver multifamily. The $32K cost of waiting three years to buy. Why a soft market with higher rates is actually an investor’s best friend. And the property manager debate every new landlord wrestles with. In this episode we cover: How to house hack a Lakewood duplex for $133 a month and cash flow $1K/month in year two Why side-by-side duplexes rent for more than up-down layouts and attract better tenants The $7K to $8K basement bedroom add that changes the deal math How Jeff bought his rate down to 5.625% using seller credits in a soft market Why renewing leases before listing kills your buyer pool and sale price The 2% cash-on-cash benchmark every Denver multifamily investor should know The $32K cost of waiting three years for “perfect” market conditions Whether you’re looking at your first house hack or your tenth optimization play, this episode shows you exactly how the math works on real Denver deals today. Watch the Youtube Video https://youtu.be/Ml7-xcAxyeA Timestamps 00:00 – Episode preview and what’s ahead  01:47 – Lakewood duplex breakdown at $769K  04:43 – House hacking for $133/month with four roommates 07:20 – Investor lens on the Lakewood duplex  10:19 – Aurora triplex and why it’s investor-only  13:45 – Year two optimization turns break-even into cash flow 16:32 – Wheat Ridge duplex near the Highlands  21:05- Q1 vs Q2 market shift and extended winter  24:40 – The $32K cost of waiting three years  31:18 – Why a soft market favors investors  33:56 – Buying down the rate to 5.625% with seller credits  40:13 – Self-managing first, hiring a PM later  45:09 – Why “perfect” deals don’t exist Links in Podcast Troy Howell: troy.howell@novahomeloans.com LinkedIn: Troy Howell Website: https://www.novahomeloans.com/loan-officer/troy-howell/ Jeff White: jeff@envisionrea.com Get on the Denver multifamily deals list Download the webinar slide deck Property Llama Who is Nova Home Loans? For over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today! NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO

    48 min

  6. Jun 2

    #618: A $405K Rehab, a Tear Gas House, and $181K in Profit What These Flips Reveal About Denver Right Now

    The Denver fix and flip market 2026 is producing a strange combination. Strong showing activity and soft offer volume. One Arvada property sat through 57 showings in 44 days. The deal that finally came in fell apart when the buyer’s grandmother refused to release the down payment. That’s the market Derek Marlin is navigating right now. Derek Marlin founded Elevation in 2014. The company does fix and flips, wholesaling, fee-based project management, and runs a brokerage team at eXp. He also runs the Elevation Academy and the Broadway Collective, a Denver co-work space that recently hit 100% occupancy. His team runs 3 company flips at a time and operates at roughly 85% off-market acquisition volume. In this conversation, Derek Marlin and Chris break down the Denver fix and flip market 2026 from the ground up. Motivated sellers are still anchored to 2021 valuations. Carrying costs add up fast when deals drag 6 weeks longer than planned. Derek also walks through his 4-offer model. It gives sellers a cash offer, a fix-in option, a fee-based consulting path, or a partnership flip. The partnership flip now requires putting the seller on title in an LLC before Elevation funds the rehab. That change came after too many sellers changed their minds mid-project. In this episode we cover: Why 57 showings in 44 days produced almost no offers and what Derek Marlin thinks that signals about buyer behavior in the Denver fix and flip market right now The Arvada flip case study at 8506 Union Circle, $60K rehab, listed at $725K, 57 showings, one terminated contract, and a final sale near $700K How a grandmother ended a $719K deal 3 days after inspection by refusing to release the down payment funds The 4-offer model Elevation uses with every seller, and why the partnership flip structure now requires LLC title transfer before any rehab capital goes in Why Derek Marlin is running 85% off-market and what ratio he actually wants to hit The tear gas house case study, a SWAT-raided Centennial property taken to studs, $405K in rehab, sold near $1.4M, with the client clearing $181K in 6 months What Elevation Academy covers in a full day and what the $997 includes Derek Marlin’s outlook on the Denver fix and flip market, optimistic long-term, defensive on underwriting right now Derek Marlin’s direct, data-grounded take on current conditions is the kind of real-time Colorado flip intel you won’t find anywhere else. If you are active in the Denver fix and flip market in 2026 or thinking about getting started, this episode is worth your full attention. Watch the Youtube Video https://youtu.be/dt6dUPU0vz4 Timestamps 00:00 Derek Marlin and Elevation intro — flips, wholesaling, brokerage, education 02:29 Denver flip market read — healthy but disillusioned 07:30 Motivated sellers anchored to 2021 — how to reframe the conversation 06:47 Arvada flip case study — $60K rehab, $725K list, 57 showings, 44 days on market 11:05 Grandma terminates the deal — undisclosed down payment source kills $719K contract 12:25 Velocity of money — why Derek dropped to $700K instead of waiting 20:32 Off-market acquisitions — 85% off-market and the target 70/30 split 27:39 2026 deal flow — 3 company flips, 5 consulting clients, 7 wholesales 30:39 Price Points and Wholesaling — Why Derek Stays Below $900K and Passes the Rest 33:39 Tear gas house — SWAT raid, $405K rehab, $1.4M sale, $181K client profit in 6 months 37:30 Elevation Academy — $997 full-day training, June 5th, what’s included 39:24 Denver market outlook — optimistic long-term, defensive on underwriting Links in Podcast Elevation: elevationinvest.com Elevation Academy Flip mentioned in this episode: 8506 Union Circle, Arvada, CO

    46 min

  7. May 26

    #617: How to Avoid the GC Mistake That Turned a $1.2M Bid Into a $2M Build

    Three years into a Denver luxury redevelopment, Paul DeSalvo knows what real estate development mistakes actually cost. Paul, a Denver real estate investor and broker, is back to walk through every one of them. In this episode, Paul returns to update host Chris Lopez on a sweeping redevelopment in Berkeley, Denver — a 1902 Victorian transformed into a 5,500 sq ft, 6 bed/6 bath luxury home with an 850 sq ft ADU and 3-car garage. He shares what went well, what hit hard, and what every investor should know before breaking ground on a project like this. The budget surprises alone tell the story. A foundation that needed a full rebuild added $75,000 to the project. An asbestos mass spill ran $30,000. Denver’s Affordable Housing fee — charged on any addition over 400 sq ft — came in at $25,000, a cost neither Paul nor his GC had flagged. A new water line tap added another $12,000. Combined with items left off the original budget entirely and inflation across lumber, drywall, and appliances, the project pushed well past the original estimate. The contractor selection story is the most instructive of all the real estate development mistakes covered in this episode. Paul and Val interviewed five or six GCs. Most bids came back between $1.8M and $2.1M. One came back at $1.2M. They went with the low bid. That contractor’s experience turned out to be primarily remodels and pop-tops — not ground-up luxury construction. By the time the project wrapped, costs had converged right where the other bids landed. Paul walks through exactly what he would look for differently and why verifying the type of experience matters as much as verifying the experience itself. In this Episode: Why the lowest GC bid on a luxury build is often the most expensive choice How to verify contractor experience by project type, not just project count The Denver Affordable Housing fee and how it catches smaller developers off guard What scope creep actually looks like on a high-end redevelopment and how to manage it Why architect and builder coordination failures cost more than either party’s mistakes alone What has gone well on the project and what Paul is genuinely proud of Paul’s honest take on whether he’d take on a project like this again If you are planning a luxury build or any ground-up construction project in Denver, this episode is a practical field guide from someone who has lived every one of these real estate development mistakes and made it to the other side. Watch the Youtube Video https://youtu.be/C0VvCr-O_7w Timestamps 00:00 – Welcome and project recap — Paul returns to update on his Berkeley, Denver build  01:15 – Off-market acquisition — how a neighbor relationship led to buying the 1902 Victorian  03:26 – Full project scope — 5,500 sq ft total, 6 bed/6 bath, ADU, 3-car garage, five fireplaces  06:30 – GC selection process — interviewing five or six contractors and how they made the call  07:49 – The experience gap — why pop-top and remodel experience doesn’t carry over to ground-up luxury builds  12:02 – Budget blind spots — items left off entirely, inflation, and the real cost of scope creep  15:15 – Denver’s Affordable Housing fee — an unexpected $25,000 charge tied to additions over 400 sq ft  16:50 – Asbestos mass spill and foundation rebuild — $30,000 and $75,000 in back-to-back surprises  18:24– What has gone well — design outcome, ADU pace, and finishes staying on schedule  19:44 – Advice for luxury builds — why low bid outliers deserve the most scrutiny, not the least  23:40 – Architect and builder coordination — why cohesive team relationships are as important as individual credentials  24:46– Paul’s outlook on future development — honest take on whether he’d do it again Links in Podcast Connect with Paul DeSalvo firehousehomes@gmail.com Fire on FIRE Investing https://fireonfire.org/ Paul co-founded Fire on FIRE Investing alongside fellow firefighter Jamin to help first responders build financial security through real estate. The organization offers one-on-one consultations and education covering single-family rentals, house hacking, multifamily, 1031 exchanges, and passive investing opportunities.

    27 min

  8. May 19

    #616: Denver’s 2026 Market Feels Weird Right Now… Here’s Why

    The Denver housing market April 2026 update shows a familiar story. Prices have been flat for three straight years. Rents have softened back to levels not seen since late 2021. So where does that actually leave Colorado investors right now? Chris Lopez brings the full panel together for this monthly update. Jenny Bayless covers the Colorado Springs market as both a broker and active investor. Jeff White of Envision Advisors tracks Denver’s small multifamily market closely. Brandon Scholten manages over 1,000 units at Keyrenter Denver and owns rentals himself. Troy Howell of Nova Home Loans rounds out the group with a lender’s perspective across Colorado. The panel works through the DMAR April report together. Denver’s median closed price sits at $605,000 this month, essentially unchanged from $604,000 in April 2025 and $602,000 in April 2024. In inflation-adjusted terms the market is down. Detached single family is holding, up about 1% year over year. The average condo price is down nearly 5% year over year. In the Springs, the median sits at $480,000 with sales up 8.5% month over month and month supply at 3. Rentals get a close look too. Concessions are up. Rents have pulled back to near Q4 2021 levels. The panel then turns to co-living and room-by-room rentals. Operators who bought into the model three to four years ago are now trying to exit. Co-living property managers typically last 6 to 12 months. PadSplit requires roughly a $30,000 retrofit, furnished rooms and ongoing maintenance responsibility — and the exit problem may be just as significant as the operational one. In This Episode We Cover: Why the Denver housing market’s April 2026 data shows prices flat for a third straight year How rents have pulled back to late 2021 levels and what landlords are doing about it Why co-living operators are looking for the exit and what the PadSplit model actually costs Governor Polis’s push to cut Colorado’s average $4,200 homeowner’s insurance premium by $800 What 22,000 YourCastle transactions revealed about the NAR commission settlement Jenny’s decision to sell and pay down debt, and Jeff’s 10th house hack in West Denver If you invest in Colorado real estate or are watching the Denver housing market in April 2026, this episode covers the data and decisions that matter right now. Subscribe for monthly market updates every month. Watch the Youtube Video https://youtu.be/kB-TT_tl78Q Timestamps 00:00 Welcome and Panel Introductions 01:31 Colorado Springs Market Data — Median $480K, Sales Up 8.5%  03:10 Springs Condo Trends — Prices Starting to Recover 09:04 Rental Strategies in a Soft Market — Flat Renewals and Two-Year Leases 13:30 Denver Market Overview — 11,500 Active Listings 15:21 Three Years of Flat Prices — Detached Up 1%, Condos Down 5% 18:02 Condo Financing Challenges — FHA Hurdles and Fannie Mae Changes 28:30 Showing Data — About 5 Showings Per Property in Both Markets 25:52 Co-Living Reality — Why Operators Are Trying to Exit 29:08 PadSplit Breakdown — $30K Retrofit, Furnishing Costs and the Exit Problem 36:20 Medium-Term Rental Demand — Two Years of Data 38:20 Brighton Co-Housing — Gratitude Village and 35 Communities in Colorado 41:04 Colorado Insurance Bill — $4,200 Average Premium, $800 Reduction Target 46:25 NAR Commission Data — $70 Buyer-Side Difference on a $500K Purchase 56:08 Jenny Sells a Property and Pays Down Debt 59:40 Jeff Closes His 10th House Hack — Two Houses on One Lot in West Denver Links in Podcast Troy Howell: troy.howell@novahomeloans.com LinkedIn: Troy Howell Website: https://www.novahomeloans.com/loan-officer/troy-howell/ Brandon Scholten: brandon@keyrenterdenver.com Website: https://keyrenterdenver.com/ Jenny Bayless: jenny@envisionrea.com Jeff White: jeff@envisionrea.com Brighton project aims to pioneer fully accessible, net-zero cohousing in Colorado Polis wants home insurance premiums to drop by $800, but can he do it? Your Castle Real Estate DMAR Who is Keyrenter? Keyrenter Property Management Denver provides rental solutions for homeowners and real estate investors in the metro area who are interested in transforming their properties into passive income. It offers various services, from property marketing and thorough applicant screening to tenant placement and 24/7 maintenance services. Keyrenter Denver’s team of experts can take the clients’ burden of managing their rental off their hands so they can get back to what matters to them. Who is Nova Home Loans? For over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today! NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO

    1h 3m
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