My First Fisher Friday Flyer
By Tim Emery
Can you find a deal? Are there any deals out there? Where are they? How do you find them?
These are really good questions and the answer is YES! Simple right? We’ve been talking about this for the last year and here are some of my ideas. You can still use the MLS to find deals, try searching for properties that have been on the market for over 40 days or look for properties that have been under-contract for 45+ days. If a property hasn’t closed within 45 days there’s usually an issue, call the agent and find out, maybe they’re looking for a back up offer. Have you knocked on your neighbor’s door? Go say hi, you never know who needs to sell their house.
I think I’m suppose to be imparting some great wisdom like Justin does, but I’m not as savvy a writer as him. I hope you enjoy the information and get an idea of how to find a deal!
FOR YOUR READING PLEASURE
Good news for landlords? It looks like it, but remember your tenants need to be able to pay the rent.
Metro Denver apartment rents looked like they had peaked in August, but they broke through their old highs in April, according to a rent survey released this week by Axiometrics.
Two Sides to Every Story-
This article was printed in 5280 Magazine back in October but still holds true today. What are we going to do with the millennial’s? Do they have any hope?
MORTGAGE RATE UPDATE
The latest Mortgage Rates: 30 Year fixed at 3.48% and 5/1 ARMS at 2.76%. 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
New listings are down and solds are up. Each week changes, up, down, can you keep up? The moral of the story is price your house right and it will sell quickly!
New Listing – 1511 (1617 Last week)
Under Contract – 1817 (1761 last week)
Sold – 1393 (1279 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 on June 11 at Poppies. We start at 7:00am. We’ll see you there!
Thanks to all of those who attended the Real Estate Investor Success Summit? We had a great time, hopefully we’ll see you again in the fall.
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.
4630 Milwaukee Street, Denver, CO 80216 2 beds, 1 bath. Buy for only $230K!
942 Carol Street, Fort Morgan, CO 80701 5 beds, 2 baths. Yours for $185K!
2402 South Ireland Way, Aurora, CO 80013 3 beds, 3 baths. 2 car garage. Buy for $315K!
6107 Independence Street, Arvada, CO 80004 2 beds, 2 baths. 1 car garage. Yours for only $300K!
2520 South Holly Street, Denver, CO 80222 4 beds, 3 baths. 2-car garage. Buy for $460K!
9981 Bluegrass Street, Firestone, CO 80504 3 beds, 2 baths. 3 car attached garage. Buy for $375K!
See you next week,
QUOTE OF THE WEEK: “Knowledge is proud that he has learn’d so much;
Wisdom is humble that he knows no more.” -WILLIAM COWPER, The Task