Choose Wisely

We’re constantly making decisions, many we’re not aware of.  Is your world black & white or color?  Do you know you have choices to make? Even by not making a decision, that act is making a decision, so you cannot escape and be wishy-washy or non-committal.  It catches up with you!  What do you choose?  Door number 3?  Your choices matter!  Think them through, run best case vs worst case, do a quick analysis, what are the pro’s and con’s, the good/bad?  Then pick, make your decision.  Maybe it’s what to order at a restaurant, maybe it’s the decision to answer the phone when you’re consumed in a project; your choices are virtually infinite.  What’s it going to be?  What are the consequences?  What difference will there be?  How important is it?  Maybe you want a second opinion.  How do you weigh the severity of the choice?  More questions than answers. That’s my choice. The rest is up to you!

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 insurable, OK, for FHA loan as is);who says there are no bargains out there? These HUDs may “go” quickly:

If you haven’t had this problem, you have not done enough deals…What to do if your home purchase appraisal comes short (buyer’s view)

  1. Increase down payment to avoid paying mortgage insurance
  2. Keep same down payment but add mortgage insurance
  3. Dispute low appraisals

Live large in tiny home! Here’s a Washington State couple that lives in a 100 square foot house! How do they do it?

6 things real estate agents wish you knew:

  1. Price it to sell quickly
  2. Preapproval letter is just the beginning
  3. Selling could take lots of time
  4. Not all “buyers” can buy
  5. Yes, it has to smell good
  6. Agents aren’t rich

Affordable Millennial housing? Akron, Buffalo, St Louis, Des Moines, Pittsburgh, Louisville, KC, Indianapolis, Omaha, Minneapolis. Notice any trends? Right, most are in the mid-west rust/farm belt.

5 Spring housing trends:

  1. Still not enough homes (USA year over year: listings down 10.9%)
  2. Mortgage rates edge up (it’s happening already)
  3. Home sales will rise (it’s happening)
  4. Credit availability will increase (it’s happening)
  5. High-end home sales rise (yup, it’s happening!)

Even inexpensive homes are too pricey for many.  Income is up 15% since 2000 for the bottom 1/3 US workers. Home values are up 41%. Renters pay average 30% of income on rent; home buyers pay average of 15% for mortgage payments.

The latest Mortgage Rates: 30 Year fixed at 3.77% and 5/1 ARMS at 2.83%. Expect investor (non-owner occ) rates to run about ½ point higher on non-owner occ loans. (These are AOL/ reported average rates as of Thursday)


Go figure. Appraisers are putting in overtime to meet the demand, yet, inventory is low; it’s not just refinances, either.  Face it, BUSINESS IS BOOMING in FRONT RANGE COLORADO (FRC). White Hot market in Metro Denver and NoCo (Northern Colorado: Loveland, Longmont, Fort Collins, et al): trades, suppliers, builders, techs, etc. When will it end? Short answer: IT WON’T! Qualified answer: it will taper off, slow down, level out, stabilize in a couple years with seasonal adjustments (FRC housing slows down typically in late fall/winter). I just heard yesterday on the radio that Metro Denver average housing sale price was $400K. Average? That’s a bit scary. If you don’t have a cap you get sunburned!  Be careful out there!

FIRST CLASS: Insurance for the Investor. May 30, 2015.  EVERYTHING INSURANCE!  Homeowner, vacant property, title, health, umbrella, life, you name it, we’ll cover it! Did you know 60% of all Colorado homeowner claims are hail related? Don’t miss this exciting event. Cover your assets!  REGISTER HERE!!!

JOHN FISHER’S BREAKFAST CLUB: TOMORROW, May 9, 7-9AM at Poppies Restaurant in Denver. Come early to get a good seat. Find out why this monthly networking event holds its own in our community, in Front Range Colorado! Recent topics: MJ grower clauses, MJ grower funding flips, local lender deals, hot ‘hoods, rental trends, I have money, I need money, etc.

We’re looking for people looking for us!  Our Invest Success Mentorship Program is ongoing.  We offer LOCAL webinars, house tours, and small, personalized classes as well as hands-on on-site experience.  You will learn where and how to look for deals!  Oh, and our flagship program requires you to REHAB A HOUSE! You’ll have our ear for a year! Amp up your 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.  Thank you for helping us help you!


INVENTORY: Inventory flows: CHECK ‘EM OUT!!! More coming soon!!! NOTE: if you don’t reach us with a phone call (303 338-8000), text us at 303 564-1680.

4010 N Chestnut St, Colorado Springs. 4 bedrooms, 2 baths, and 1 car attached garage. Nice home, nice neighborhood (OK, it has t-lock shingles). Buy for $145K.

473 25th Ave Ct, Greeley. 3 beds, 1 bath, 1 car detached garage. Buy for $130K.

59 Julian St, Denver. 3 beds, 1 bath, and 1-car detached garage. Barnums. Buy for $165K.

4352 Vallejo St, Denver. 3 beds, 1 bath, and 1-car detached garage, great location. Buy for $330K.

350 S Parfet St, Lakewood. NICE. 5 bedrooms, 5 baths, 2 car detached garage. Yours for $347K (Price reduced by seller).

1912 Bellavista St, Castle Rock. HUGE. 5 beds, 4 baths, 3 car attached garage. Buy for $385K.

6553 Big Horn Trail, Littleton. 5 beds, 4 baths, 2 car garage on ¼ acre.  Roxborough!  Buy for $440K.

7058 S Chapparal Cir West, Centennial. Buy this 4 bedroom, 4.5 bath, 4-car garage “mansion” for $540K. Great numbers. Great location on over 1 acre close to DTC! It’s luxurious, captivating, impeccable….

Bon Homepetit!


John Fisher

303 338-8000

QUOTE OF THE WEEK:  Wise choices can put us in control of situations where we might otherwise be tempted to compromise our principles. We cannot control all that happens to us; however, we can choose to be in control of our responses.  ~L. Lionel Kendrick



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