Thank you, thank you, thank you to all of you who showed up to the ICOR meetings these last three days in Colorado Springs, Denver, and Fort Collins and showed your generosity to one of the legacies of John Fisher. We far exceeded the goal and we’ve been blessed and so thankful to be a part of it in John’s memory.
True – an incredible word with great meaning. True – being in accordance with the actual state of conditions, real, genuine, authentic, sincere, conforming to or consistent with a pattern, exact, precise, legitimate, honest, honorable, upright. Those are only SOME of the ADJECTIVES of its meaning. Not to mention the derivatives – truth (you can’t handle the truth! Thank you, Jack). It would be fantastic if we could all handle the truth and all be true. Can you handle the truth? Can you look at yourself in the mirror for what is really there? The good, the bad, and the ugly (because we all have all three, let’s not kid ourselves – it’s a truth). The key is focusing on the former and ridding ourselves of the latter. Are you true? True to what? Is that a relative question on a relative truth? Are you genuine, sincere, honest, honorable, and upright? Do you true yourself in a pattern that allows for focus and success? Stay true, my friends.
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):
- Birmingham, AL 2/1 for $8K (IE)
- Racine, WI 2/2 for $23K (IE)
- Dayton, OH 3/1 for $6.2 (IE) and a space ship in the back yard!
It’s that age-old saying – perception is reality. You can usually find anything you want in order to support your case. Think the market is getting too hot and there are going to be “severe price corrections?” There it is. Or Do you think that there is a bubble that’s going to pop? This article says yes and no. Think the market is just fantastic and one of the top 5 places to build wealth? Here you go. Wherever you are, whatever your perception, you can always make a case. But the truth is that successful investors will find a way to make money in every market.
Most people are not having a tough time selling their houses, but for the few that might be experiencing some issues, here are 5 things you can do that will sweeten the pot.
- Buy down their interest rate
- Include furniture or window coverings
- Credit non-recurring closing costs
- Offer buyers’ brokers higher commission
- Credit for “Close-by” Date
The latest Mortgage Rates: 30 Year fixed at 3.76% and 5/1 ARMS at 2.98%! 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
We’re getting very close to the end of the year and the start of the uptick of the annual market cycle that starts in January/February. If you are finishing your rehab it might be worth looking to list it come the first of the year. Although in the lower price points, it may not matter. Opportunities are still out there, just keep doing the due diligence.
Our Invest Success Mentorship Program is ongoing and WE’VE OPENED that wait list and 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 THIS Saturday, December 12th at Poppies. We start at 7:00am. We’ll see you there!
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.
6680 Hooker Street, Denver. 2 beds, 1 bath, 1 carport. Yours for $141K!
141 South Alcott Street, Denver. 3 beds, 2 baths. Buy for $225K!
1462 Rosemary Street, Denver. 2 beds, 1 bath, 1 car detached garage. Buy for $290K!
13 University Drive, Longmont 3 beds, 1 bath, 1 car attached garage. Yours for $210K!
7083 South Elm Street, Centennial. 4 beds, 3 baths, 2 car attached garage. Buy for $360K!
4475 South Cole Court, Morrison 4 beds, 2 baths, 2 car attached garage. Yours for $225K!
8511 Cedar Lane, Westminster 3 beds, 1 bath. Buy for $165K!
162 West Fremont Avenue, Littleton 3 beds, 2 baths, 1 car attached garage. Buy for $265K!
9685 Orangewood Drive, Thornton 2 beds, 1 bath, 2 car garage. Price reduced! Buy now for $222K!
4280 South Delaware Street, Englewood 2 beds, 1 bath. Buy for $185K!
12855 East Nevada Avenue, Aurora 3 beds, 2 baths. 2 car attached garage. Yours for $220K!
12095 East Alaska Drive Aurora. 4 beds, 2 baths, 2 car attached garage. Buy for $227K!
413 Baker Street Longmont. 2 beds, 1 baths, . Yours for $211K!
4374 South Atchison Circle Aurora. 3 beds, 2 baths, 2 car attached garage. Price Reduced By $23,000 to $252,000!!!
10255 Carriage Club Drive, Lone Tree. 3 beds, 4 baths. Beautiful Home! Buy for $460K!
QUOTE OF THE WEEK: The best preparation for tomorrow is doing your best today. – H. Jackson Brown, Jr.