Fisher Friday Flyer – April 22nd, 2016
Happy Friday! Have you been looking forward to today? Well it’s here and so is the blog…
Let’s talk about give and take this week. What do you give and what do you take? Praise? Criticism? A good deal? A joke? Responsibility? Value? My wife says I don’t take praise well. In reality, life is full of opportunities to do any and all of these on a daily basis. What of these (and others) are you giving and taking? Giving praise, taking criticism, giving a good deal, taking responsibility, giving value? What happens if we flip-flopped that list? What is good to both give and take? What is for necessity or growth? It seems to me there’s a list of those about which our give and take should receive our primary focus as they produce nothing negative and those that we should only try to encounter when forced to. How many more can you add to this list? Where do you need more give and where do you need more take?
FOR YOUR READING PLEASURE
Starting this section out right! 9 ways to rid yourself of negativity. Enough said!
- Set reasonable goals.
- Turn “problems” into “challenges.”
- Reset your default answer.
- Display that award.
- Put your hands up!
- Be a critical thinker, not a critical person.
- Wake up on the right side of the bed.
- Detox from bad news.
- Drop your distortions.
Ever wonder what as a landlord you can “discriminate” against? What items are the untouchables and which ones will get you into hot water? Zillow has a fair housing guide which includes a summary page for landlords to help navigate those waters. A good read if you don’t know what I’m referencing here and probably still a good read even if you are a seasoned landlord. Federally protected classes include the list below. There are some additional overlays for state and local government as well.
- National origin
- Familial status
- Physical or mental disability
Eternal renters? Well, maybe – if you want to live in Denver AND put down 20%. According to the Denver Post, millennials save $171/month on average and need over $40,000 to put 20% down on a house. I might even venture to say they would need at least $50-60k. If you’re only squirrelling away $2,200 per year, you’ve got a lot of nuts to hide! Will they stay or will they go? Something’s got to give. As an aside They did not mention in this article how much millennials were spending on coffee, eating out, cable, credit card payments, etc.
MORTGAGE RATE UPDATE
The latest Mortgage Rates: 30 Year fixed at 3.49% and 5/1 ARMS at 2.77%. 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
What do the numbers tell us? A dip in inventory this week – fewer new listings and 200+ more solds. Many landlords are unloading their properties this year. Is it your year? Are you going to stick it out for the long haul? Are you looking to sell? All great questions and here’s one more – if you sell where are you going to put your money? It is a great time to sell, but remember to not be short-sighted enough to not have a plan in place. Paying deferred taxes are not high on the priority list…
New Listing – 1425 (1488 Last week)
Under Contract – 1645 (1721 last week)
Sold – 1325 (1116 last week)
Our Invest Success Mentorship Program is ongoing and we are signing up more students. Tell your friends. 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. Next Breakfast Club is Saturday, May 14th at Poppies. We start at 7:00am. We’ll see you there!
Are you ready for the Real Estate Investor Success Summit? Put on by Pine Financial and Your Castle, it’s a good day of solid content. This year’s Summit is on May 7. Details and registration are HERE.
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 720-345-8361.
1699 South Trenton Street, Unit 3, Denver, CO 80231 2 beds, 1 bath. Townhouse. Buy for only $174K!
3072 Adams Street, Denver, CO 80205 3 beds, 2 baths. Yours for $408K!
915 South Eliot Street, Denver, CO 80219 4 beds, 3 baths. 2 car attached garage. Buy for 305K!
2437 West 9th Avenue, Greeley, CO 80634 2 beds, 1 bath. 1 car detached garage. Yours for 117K!
1502 Juniper Street, Longmont, CO 80501 3 beds, 1 bath. 2 car attached garage. Yours for 300K!
3860 North Jackson Street, Denver, CO 80205 3 beds, 2 baths. 1 car attached garage. Buy for 281K!
310 South Lewis Street, Lakewood, CO 80226 4 beds, 2 baths. 1 car attached garage. Yours for only 267K!
9981 Bluegrass Street, Firestone, CO 80504 3 beds, 2 baths. 3 car attached garage. Buy for $375K!
Until next time,
QUOTE OF THE WEEK: “ Success is not final, failure is not fatal: it is the courage to continue that counts.” – Winston Churchill