How hard can it be? It’s up to you. It’s often best to move on, not to dwell on something, especially something from the past with which you have no control. Maybe you’re one of those “half empty” people, or you’re around them. Who does that serve? Pessimism, negativity, you “can’t, can’t can’t.” There is no room in your life for that. You have a choice, never forget that. Choose life, choose living, choose the amazing world and people around you, choose to “smell the roses,” choose to do something you haven’t done before, choose to take control of YOUR life. Discover (or rediscover) that passion, that fervor, that feeling you get that makes you feel so good. Let it go, let it flow!
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):
- Wynne, AR 3/1 for $10.6K
- Jacksonville, FL 2/1 for $12.5K
- Galesburg, IL 4/2/1 for $9,331 (IE)
- Dunkirk, IN 3/1 for $10.4K (IE)
- Akron, OH 3/1/1 for $10.3K (IE)
Buy vs Rent. Here’s a few videos you can navigate to better understand the dilemma many are facing today.
A new way to build: green, gorgeous, and prefabricated. 95% efficient complete with video and time-lapse imagery!
Here’s an interesting take on the suburban American dream losing steam. Are the ‘burbs really going away…add this new word to your vocabulary: exurbs.
Bankrate.com has the 10 top real estate tips for 2015:
- Do sweat the small cheap stuff, sellers
- Take notes, buyers
- Sell by season
- Drill deeply, look for market trends
- “Big data” is everywhere, so tap in
- Transparency equals trust
- Math versus ego
- Retain mineral rights
- Buying? Then cool it for a while
- The price is right (“accurate home pricing from the outset never goes out of style because it sells homes”)
The latest Mortgage Rates: 30 Year fixed at 3.60% 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)
REAL ESTATE WEATHER REPORT
Ah, Front Range Colorado. What’s going on out there? “Experts” can prognosticate all they want, the bottom line is “what is,” results. All we can do is guess, no matter how educated we are, what lies ahead. Stuff happens: weather, political, social, personal, all factor in or out in our marketplace. Who would have thought we’d have an entire year’s rainfall in two weeks? Or sub-zero weather in mid-November?
OK, so what IS going on? We’re seeing strange movement in our contractor industry, for one. I had a contractor tell me this week that he’s 6 months backlogged. When we reach those supply/demand thresholds, contractors can virtually charge whatever they want…until that supply-demand law corrects itself. I heard a report on KOA yesterday that Colorado grew 56,000 people in 2014 and will grow 60,000 more in 2015 (oh, and the vast majority of that growth is in FRONT RANGE COLORADO). Oh boy, more traffic!!! Where will these people live? What kind of work will they do? What does that do to rentals? My favorite apartment buildings are all nicknamed “Freeway View” because of…oh, it’s obvious. Are we running out of land and resources? Yes, at least, infill lots are going away. New developments can take years from initial idea to occupancy (if they can get water rights!). Where’s the sweet spot? Do you just watch from the sidelines? Or do you delve in, dig in, raise your “due-diligence-bar,” and plug away? It’s your choice so choose wisely!!!
Breakfast Club is TOMORROW, January 10, 2015. If you have never attended, you owe it to yourself to find out why people attend. It’s all about networking, learning our craft, sharing ideas, results. Check it out (oh, and the food is wonderful!). Set your Saturday alarm. Drag yourself out, come a little early (doors open at 6:30AM) to get a good seat. See you then!
We may have it a nerve…or an artery! Low local inventory, higher house prices, and higher contractor rates, while 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 HERE. We expect to “sell-out” and seating is limited so register 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. Thank you for helping us help you!
INVENTORY: Inventory flows: CHECK ‘EM OUT!!! Englewood, Castle Rock, Denver, Erie, Arvada, Aurora, Colorado Springs. NOTE: if you don’t get us with a phone call (303 338-8000), text us at 303 564-1680.
3355 S Washington St, Englewood. Buy for $205K. 1 block from Craig & Swedish.
3359 S Washington St, Englewood. 2 houses on one lot. We’ve initiated steps to record house #2 with the city. Light fix, both rented on month-to-month. Buy for $205K. 1 block from Craig/Swedish.
2905 & 2907 S Delaware St, Englewood. Duplex! 3/1 and 2/1. High demand rental area. Buy for $255K.
3280 S Clarkson St, Englewood. Turn this cutie into 4 bedrooms, 2 bathrooms with detached garage. Close to Swedish. Popular area. Good comps. Buy for $216K.
1965 Yosemite. Denver. Buy this 3/1 house for $170K. Close to Aurora.
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!!!
12003 W 84th Pl, Arvada. 3 bedrooms, 3.5 baths with 2 car attached. Buy for $270K.
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 Rock. Buy for $380K, very light fix! Crystal Valley Ranch. Front Range views. 4 bedrooms, 3.5 baths, 3 car attached garage.
QUOTE OF THE WEEK: Today I choose life. Every morning when I wake up I can choose joy, happiness, negativity, pain… To feel the freedom that comes from being able to continue to make mistakes and choices – today I choose to feel life, not to deny my humanity but embrace it. ~Kevyn Aucoin