Are You A Giver or a Taker?

By January 16, 2015 Uncategorized No Comments

Most of us are a combination of the two, situation dependent. However, as with any continuum some people are at the extremes: the “poles.”  Let’s use “love” as an example: Agape love is with no thought of return, giving, non-judgmental: “I love you as you are; I accept you as you are.” The spectrum’s other end requires “proof” as it “takes” from others: “show me you’re worthy; you must ‘earn’ my love.”  Is it misconstrued to think a “taker” is less than a “giver?” You can also “argue” that you “receive” or “take,” when you “give.”  Don’t get hung up on this, just a few concepts to get you thinking about your place in your community, your work, your family, your life. What is your role? Do you give? Do you take?

HUD STEALS for you investors who are looking for out-of-state deals (this is just a sample of potential bargains available; click on link for more information; all at investor status; “IE” means FHA-lender repairs are under $5K, “IN” means OK for FHA loan as is);these HUDs may “go” quickly):

US Foreclosures Drop to 2006 Level. 2006 saw 717,522 foreclosure filings. 2014 reports 1,117,426 filings.

Urban to Beach: 10 Tiny Homes, 600 sf or less!

  • Kitty Hawk, NC (on beach)
  • Chicago
  • International Falls, MN (on island)
  • Miami
  • Emigrant Gap, CA
  • West Point, TX
  • Boulder, CO (Gold Hill)
  • New Orleans, LA
  • Rockport, MA
  • Portland, OR

How much house can I get for $100K? Chicago, Boston, Dallas, LA, Philadelphia, Atlanta, Orlando, Detroit/Dearborn, Phoenix, and Minneapolis are featured with psf starting at $39 (Atlanta!)

Where’s the migration? New Jersey leads the flee flock with 65% more leaving than coming, per United Van Lines. Most went to Florida, California, Texas and North Carolina. NY was 2nd at 64%, followed by Illinois at 63%. Here’s a USA MAP identifying high inbound and high outbound.

The latest Mortgage Rates: 30 Year fixed at 3.49% and 5/1 ARMS at 2.68%. Expect investor (non-owner occ) rates to run about ½ point higher on non-owner occ loans. (These are AOL/Zillow.com reported average rates as of Thursday)

 REAL ESTATE WEATHER REPORT

 Now that 2015 is here, we’re seeing more buyer interest, both owner occ and investor. We saw a typical lull in December. As the weather heats up, so do viewings and sales. It may be an anomaly, but overall we’re seeing better investor deals lately.  We continue to see rent upticks, as well.  I’m seeing more wholesale deals that make better sense as rentals than flips; there were even a few $500+/mo gross cash flow deals in the mix. What’s not to like?

There’s Still Time. There’s still seats!  Our market may be tight in the Front Range, but half of our country is struggling financially.  The data is incredible! Register now for our new Out of State (OOS) Investing Class:  “OUT OF STATE, OUT OF MIND,” January 24, 2015. We will focus on OOS investment options and business models. Find out what’s HOT and what’s NOT!  Register HERERegister early and often!

Please join Kim Hubbard, Pam Christian, and me this January 27, 2015, 6:30-8:30, as we talk about investor rehab, short-term loans, and permanent loans. What’s a “take-out” loan? What does a construction loan look like?  Plan to attend this free event. Here’s the MeetUp link: http://www.meetup.com/dreiw-com/.

We’re looking for people looking for us!  Check out our Invest Success Mentorship Program. We offer webinars, home tours, and small content-rich classes.  We’ll help you learn where and how to look for deals!  Oh, and our flagship program requires that you REHAB A HOUSE! You’ll have our ear for a year! Amp up your real estate investing business with custom systems and procedures. Go to our website for more information. Better yet, call us. Nothing ventured, nothing gained!

Call us with tips, rumors, conjectures, deals, and cold cases (we’re thirsty!).  If you’re not on our list and want to be, LET US KNOW. Write, Text, Tweet, Facebook (the verb), E-mail, drop by.  Next Breakfast Club is February 14, bring your sweetheart! Thank you for helping us help you!

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INVENTORY: Inventory flows: CHECK ‘EM OUT!!! Englewood, Castle Rock, Denver, Erie, Brighton, Aurora, Colorado Springs. NOTE: if you don’t get us with a phone call (303 338-8000), text us at 303 564-1680.

23950 E 156th Ave, Brighton. 3 beds, 3 baths, 3 acres, zoned Agriculture. Attached garage and detached garage/barn. Buy for $355K.

2744 Montague Dr, Colorado Springs. Here’s a condo in a highly desirable COS area. Very light fix.  This works as a flip or a rental. Buy for $75K. Works as rental or flip!

2905 & 2907 S Delaware St, Englewood. Duplex!  3/1 and 2/1. High demand rental area. Buy for $255K.

24222 Glasgow Cir, Aurora. 4 bedrooms, 3.5 baths, 2 car attached with light fix. Huge uptake. Buy for $505K.

2267 S Buckley #101, Aurora. 2 bedrooms, 1 bath, buy for $60K. Great rental!!!

460 Kattell St, Erie.  3 bedrooms, 2.5 bathrooms with 2-car garage in “Old Town.” Buy for $160K.

4239 Charleston Dr. Colorado Springs. County records are wrong!  This is a 3/2.5 townhome with over 1500 finished square feet! Great location. Huge cashflow as a rental. Buy for $71.8K. Also works as a flip with terrific back up plan!

3848 Aspen Hollow Court, Castle RockBuy for $380K, very light fix! Crystal Valley Ranch. Front Range views. 4 bedrooms, 3.5 baths, 3 car attached garage.

 

Bon Homepetit!

 

John Fisher

www.invest-success.com

303 338-8000

 

QUOTE OF THE WEEK: He who loves with purity considers not the gift of the lover, but the love of the giver.  ~Thomas a Kempis

 

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