Justin and Sonya’s Story Yes, Denver’s real estate market is hot. More than 7,000 homes sold in the Denver metro area in July; that’s 21% more than the same time last year. And yes, homes can be expensive here. The average sold price of a single-family home in July was nearly $540,000…a 9% increase over […]
Category Archives: Investor
Buying an Investment Property: Five Important Steps
Whether you’re retired or just starting out, having multiple streams of income is a wise strategy. It can offer protection against career surprises, stock market fluctuations, and other uncertainties. Real estate’s long-term return on investment makes it particularly attractive. According to the Denver Metro Association of REALTORS®, the average sold price of detached single-family homes […]
Let’s Talk About Fix-and-Hold Properties: Part 1
If you’ve watched HGTV or similar channels for any length of time, you’ve seen lots of programs devoted to “fix-and-flip” properties. Today I want to introduce you to the idea of a “fix-and-hold” property. How is a Fix-and-Hold Property Different from a Flip? Both fix-and-hold and fix-and-flip properties have this in common: you won’t be […]
Tips for Millennial Real Estate Investors
There’s no doubt about it: investing in real estate can be fruitful. Many people find it attractive because it’s typically less volatile than the stock market while still providing strong growth over time. Now, after years in the workforce, more Millennials are taking the leap. (“Millennials” is the name given to the generation born between […]
Starter Home or Investment: Great Choice Either Way
Click image for full listing Just listed! This centrally-located Aurora townhome is the perfect starter home or investment property: HUGE attached garage 1 bedroom with double closets Recently remodeled bathroom Updated appliances — all of which stay (including dishwasher and washer and dryer) Central air Smoke free Close to public transportation Convenient to Lowry, Anschutz, […]
Keeping Kitchen Remodeling Costs in Line
Image: Lowes.com It’s tax refund time! If you’re like many homeowners in the metro Denver area, you know exactly what you want to do with that money – remodel the kitchen. Kitchen Remodeling Costs Can Vary Greatly No matter what you have in mind, keeping costs in line is probably a top priority. Remodeling a […]
Getting Preapproved for a Mortgage: The Top 5 Documents You’ll Need
“Which documents do I need to get preapproved for my mortgage?” I get that question a lot. One reason is because there are at least seven different types of mortgage loans. Who knew, right? Types of Mortgage Loans The types of mortgage loans include: Conventional – These are standard mortgages for borrowers with strong credit […]
Condos Making a Comeback; Great Option for First-Time Homebuyers
Why Condo Listings are Growing I’ve been seeing a lot of great condos coming on the market lately. Why the surge? It has to do with changes to state law that took effect on May 23, 2017 with Governor Hickenlooper’s signature on H.B. 1279. As noted in this article from the Denver Business Journal, condos […]
Denver Rental Market Trends
Renters, investors, and potential landlords will want to read for the scoop on Denver rental market trends. Denver Rental Market Trends for Renters It’s been a long time coming, but the trend in the Denver rental market has finally started to normalize. That’s good news for renters because it means rents are coming down. Between […]