After 20 years of buying and holding on the Front Range, the numbers finally said it was time to move. That moment of reckoning is exactly what this episode is about — and for anyone rethinking their Denver real estate portfolio strategy in 2026, it’s one of the most honest conversations we’ve had on this show. Adam Haman sat on an underperforming Aurora duplex longer than he should have, watched the ARM reset and the rents slide, and finally made the call. What came next is where it gets interesting.

Chris Lopez sits down with Adam Haman, a Denver-based real estate broker at Your Castle Real Estate and longtime Front Range investor. Adam manages his family’s portfolio alongside his brothers and sister, and has built his holdings from a single duplex purchase in his mid-20s to a mix of duplexes, townhomes, and a full 13-building fourplex development in Colorado Springs — all built to rent.

This episode is a real-time case study in portfolio rebalancing. Adam recently sold a problem duplex in Aurora after an ARM reset pushed his rate from 4.5% to 6.5% while Aurora rents dropped from roughly $2,200 per side to $1,800 — and staying full got harder. He walks through how he priced it, the lowball offers he received, and why he took a number that was lower than he’d hoped. At the same time, he’s doing a DSCR cash-out refi on a Greeley duplex he loves — locking a 30-year fixed at 6.5% and pulling out roughly $200,000 to redeploy into higher-yield income opportunities.

In This Episode:

Why an ARM adjustment and softening rents turned a cash-flowing Aurora duplex into a break-even liability
How Adam priced, listed, and ultimately sold the property — and what the buyer’s DSCR loan had to do with the final number
Where Adam sees buy-side opportunities right now, including Athmar Park and why he’s watching the Burnham Yards development
Why he’s making disrespectful offers on investment properties — and how to do it in a way sellers actually respond to
The Greeley duplex DSCR refi breakdown: 30-year fixed, $200K out, and why the spread into Dynamo Capital makes sense
How a $6,500 earnest money deposit in 2018 eventually led to ownership of an entire Colorado Springs fourplex complex
Why Adam is seriously looking at new construction duplexes in Texas — with builder rate buydowns under 4% and projected $600/month cash flow
Colorado legislation, rental licenses, and what rising compliance costs mean for small landlords

Watch the Youtube Video

https://youtu.be/oaC-2wDXNEI

Timestamps

00:00 — Welcome & Guest Introduction — Investor, Broker, 20 Years on the Front Range

01:32 — Adam’s Origin Story — Started at 25, Rookie of the Year, Then Sold Zero Homes in 2007

04:42 — Fail Fast Philosophy — Why He Wishes He’d Found Mentors Earlier

07:10 — The Aurora Duplex Problem — ARM Reset from 4.5% to 6.5% Plus Rents Sliding to $1,800

10:09— Walking Through the Sale — Listed at $575K, Final Number Around $539K and Why He Took It

14:10— Buy-Side Opportunities Right Now — Why Disrespectful Offers Are Back on the Table

15:00— Athmar Park Deep Dive — 18% Rent Decline, Burnham Yards, and the Path of Progress Question

16:08 — What Makes a Rental Perform — Lawns, Fenced Yards, and Two-Car Garages as the Formula

22:35 — Rebalancing Away from 100% Real Estate — Why He’s Diversifying Into Dynamo Capital

28:58 — The Greeley Duplex DSCR Refi — $200K at 6.5% Fixed and Why He Kept This One

25:17— Considering Texas — New Construction Duplexes at a 4% Rate Buydown Near San Antonio and Dallas

28:58 — The Greeley Duplex DSCR Refi — $200K at 6.5% Fixed and Why He Kept This One

36:47— Colorado Springs Fourplex Development — How $6,500 in Earnest Money Led to 13 Buildings

41:54— Colorado Legislation and Small Landlords — Rising Compliance Costs and What’s Changed

Links in Podcast

Adam Haman — Your Castle Real Estate
- 📞 303-550-5949
- Real estate broker and Front Range investor — reach out to connect, share a deal, or discuss the market
Property Llama
Dynamo Capital Fund