This week’s blog is a little abbreviated because John is “under the weather” and I’m (Justin) guest blogging. In light of that the theme of the blog this week is the unexpectedness life can throw at you. It can, too. It can throw you curveballs when you least expect it. Are you ready for the curveballs? Can you be ready for the curveballs? How serious is the curveball? What’s your perception of the curveball? Can you turn a curveball into lemonade? Maybe I’ve mixed metaphors there… OR maybe you run into a great curveball. As it pertains to Real Estate, it seems that our students and others are getting some good curveballs. See even curveballs can be curveballs. Enough with the “asymptotics” of life.
This isn’t really a surprise, but an interesting article on rents vs. mortgage payments. I think I knew this was happening, but interesting to see the actual stats even if they aren’t local.
With all the building and expanding, some people are downsizing? Anyone interested?
Lastly, we have some other information we can relate to in our market. Anyone remember when we could buy $50-60k houses in Denver? It seems those days have past.
The latest Mortgage Rates: 30 Year fixed at 3.72% and 5/1 ARMS at 2.74%! 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)
WE HAVE MOVED OUR our 2-day REHAB ACQUISITION WORKSHOP to August 29-30.
We’re looking for people looking for us! Check out our Invest Success Mentorship Program. Classes start every month. We offer webinars, house tours, and small, personalized classes. We’ll help you 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. Next Breakfast Club is February 14, bring your sweetheart! Thank you for helping us help you!
INVENTORY: Inventory flows & goes: CHECK ‘EM OUT!!! More coming soon!!! NOTE: if you don’t reach us by phone, text us at 3035641680. Happy Hunting!
842 Spectrum Loop, Colorado Springs. 4 beds, 2.5 baths, 2 car attached. Buy for $289.9K. FHA “as is” appraisal of $382K.
2464 Astrozon Cir. Colorado Springs. 2 beds, 1.5 baths, 1 car attached townhome. Buy for $71.4K. Terrific rental. FHA “as is” appraisal of $84K.
1263 Gumwood Dr, Colorado Springs. 6 bedrooms, 4 baths, 2 car attached. Located on nice cul-de-sac. Could flip or hold. Near Cheyenne Mtn.Buy for $207K.
4130 Reed St., Wheat Ridge. 3 beds, 3 baths. Beautiful house with large backyard. Buy for $315K.
4428 South Bannock Street, Englewood. 2 beds, 1 bath. Hardwood floor. Buy for $195K.
12112 Huron Street, #107, Westminster. 1 bed, 1 bath condo. Great buy and hold. Buy for $90K
1275 South Iola Street, Aurora. 3 beds, 1 bath. Buy for $132K.
2551 S Pearl St, Denver. 2 beds, 1 bath, 1 car detached garage. Super location: Harvard Gulch! Close to DU. Price Reduced from $285K to $257K. Good lot size, possible addition to add more value!
1855 S Gilpin St, Denver. 2 beds, 2 baths, 2 car detached garage. High demand University Park. Close to DU, etc. Again, potential for addition. Buy for $355K.
2506 W 105th Ct, Westminster. 3 beds, 3 baths, 2 car attached garage. Unfinished basement. Meadowwood. Buy for $235K.
26 S Yarrow St, Lakewood. 2 beds, 2 baths, with garage. Clean brick ranch. Buy for $290K.
1601 S Ivanhoe St, Denver. 3 beds, 1 bath, 2 car attached garage. Buy for $395K. Huge potential! Off Iowa and S Holly & close to Cherry Creek trail. Seller reduced!
8418 Allison Ct, Arvada. 4 bedrooms, 3 baths, 2 car attached garage in popular Arvada! Buy for $260K.
QUOTE OF THE WEEK: What you need, above all else, is a love for your subject, whatever it is. You’ve got to be so deeply in love with your subject that when curve balls are thrown, when hurdles are put in place, you’ve got the energy to overcome them. ~Neil DeGrasse Tyson