The Denver multifamily market just absorbed 9,400 units – about 20% higher than the annual average – while supply continues burning off through 2026. This massive supply wave is creating opportunities for Denver real estate investing 2026 strategies that most investors are missing.

Chris Lopez and Richard McGirr, co-founders of Property Llama, break down their 2025 shareholder meeting covering Colorado market divergence, investment strategy shifts, and the company’s evolution into diversified debt fund platforms. With hundreds of Colorado investors served, they reveal what’s working (and what’s not) for Denver real estate investing 2026 and beyond.

Market Reality: Single family homes are holding steady with slight declines expected, condos are down 10-20% in recent transactions, and multifamily is trading at 2017 prices with 9 cap returns. Denver ranks in the top 5 hardest-hit metros for rent cuts, with Class A properties offering 3-4 months of concessions that push downward pressure on all rental classes. The supply wave is longer than anticipated, but occupancy is finally trending upward through Q2 2025 data.

Cash Flow Strategies for Denver Real Estate Investing 2026: The traditional playbook has fundamentally changed. A room-by-room rental strategy can increase cash flow from $12K to $48K annually on the same property, while selling a rental and investing in 21% debt funds can generate $70K annual income from a property that previously cash flowed $15K. Private lending has emerged as the dominant strategy for Colorado investors seeking 3-4X cash flow increases without tenant management.

In This Episode We Cover: Why Denver condos are dropping 10-20% while single family homes hold steady (and what 2026 predictions look like) How the multifamily supply wave created 9 cap opportunities that institutions are now buying The room-by-room rental model that quadruples cash flow (and why most investors won’t do it) Why 1031 exchanges that worked in 2018 now only marginally increase cash flow in 2024 Private lending returns of 12-21% compared to traditional rental property cash flow The active to passive shift happening nationwide (and why single family landlording is ending) How Property Llama found product market fit by focusing exclusively on income funds PL Dynamo 2 fund closure at 99 investor limit and what’s launching Q1 2026 The diversified income fund model with distressed notes, Canadian lending, and commercial opportunities

This presentation provides clarity for Denver real estate investing 2026 strategy – whether you’re considering portfolio rebalancing, exploring debt fund diversification, or timing multifamily market entry. Chris and Richard share real client examples, personal portfolio moves (Chris is shifting from 85/15 equity/debt to 50/50), and the due diligence process for upcoming fund launches.

Timestamps

00:00 – Welcome & Introduction to Property Llama’s 2025 Event

01:55 – Colorado Single Family vs Condo Market Divergence – Denver Real Estate 2026 Price Trends

02:48 – Colorado Springs Real Estate Trends – Following Denver’s 1-3 Year Lag Pattern

03:55 – Denver Multifamily Supply Wave – Front Range Investment Opportunities Among Crisis

07:14 – Rent Concessions Reality – How Class A Properties Manipulate Colorado Rental Market Data

08:18 – 2026 Market Predictions – Audience Poll on Denver Condo Market Decline & Pricing

13:58 – Room by Room Rental Strategy – 4X Denver Cash Flow Properties Using Co-Living

16:21 – 1031 Exchange Alternatives – Reality Check Comparing 2018 to 2024 Deals

18:00 – Private Lending Real Estate Boom – Active to Passive Investing Shift from Equity to Debt Funds

21:25 – Active to Passive Investing Trend – The End of the Single Family Landlord Era

24:35 – Product Market Fit Journey – How Property Llama Found Focus on Debt Fund Investing Colorado

28:34 – Value-Added Capital Model – Real Estate Portfolio Rebalancing for Debt Funds

31:57 – PL Dynamo 2 Fund Closure – Hitting 99 Investor Limit & Denver Real Estate Investing 2026 Plans

38:00 – Diversified Income Fund Launch – Building Beyond Single Anchor Strategy for Colorado Multifamily Investing

Connect with our Hosts

Chris Lopez: chris@propertyllama.com

Richard McGirr: richard@propertyllama.com

Links in Podcast

Sign up for the 2026 Portfolio Analysis Mastermind