BREAKFAST CLUB IS TOMORROW!
SEE THE LINK BELOW TO BUY A TICKET
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Fisher Friday Flyer
February 8, 2019
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Is the market hot or not?
January market reports are in
and they don't look so good
. Check out the info graphic below and you will see more inventory (which means more competition), more days on market, fewer homes being sold and prices going down. It looks terrible! However, if you compare YEAR to YEAR, things don't look so glum. For example, the median sale price increased 2.6% over last year. It's not double digits like we've seen in the past, but it supports the argument that many analysts have made that the market is stabilizing, not tanking. Within the sub-market of fix and flip, we are hearing stories of lots of showings, multiple offers and strong offers. Buyers may be few, but they like fixed up houses! They just aren't willing to overpay, so calculate your ARV wisely.
The "O" in O-zone means Opportunity
We are hearing more and more about Opportunity Zones
, a.k.a O-zones, a program recently expanded by the 2017 tax reform bill. The goal of the program is to incentive investment in low-income neighborhoods by allowing investors to take their capital gains (any gains, not just real estate) and reinvest them into O-zones (any investment, not just real estate) with tax-free benefits. There are special rules for purchasing property within an O-zone in order to receive the benefits, so make sure you investigate before you purchase anything. However, properties already within O-zones have the potential to appreciate faster simply because the neighborhood is being redeveloped.
See you soon,
Evania Ku
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QUOTE OF THE WEEK:
"EXPECT PROBLEMS AND EAT THEM FOR BREAKFAST."
~
Alfred Armand Montapert
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Our mission at Invest Success is to promote integrity within the real estate investor community through networking and real-world mentorship.
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Sat, Feb 9, 2019 7:00 AM MST
John Fisher's Breakfast Club
Dazzle at Baur's,
Denver
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The Invest Success Mentorship program has helped dozens of new and seasoned investors make money in real estate. We are a LOCAL program, which means we have the knowledge and connections to help you hit the ground running.
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The info graphic above does not reflect a YEAR to YEAR comparison. This January to last January saw a
2.6% INCREASE in median sale price
overall. (1.67% increase for single family and 1.75% increase for condos).
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The following stats are from REColorado's entire listing area (not just the metro area) and are based on the last 7 days from Thursday.
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Weekly Statistics:
New Listings
1557 (1340 last week)
Under Contract
1647 (1544 last week)
Sold
1108 (1046 last week)
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Total Active Listings:
2019
January - 9,158
2018
December - 9,112
November - 11,698
October - 12,844
September - 13,212
August - 12,844
July - 12,289
June - 11,544
May - 9,851
April - 8,314
March - 7,459
February - 6,867
January - 6,505
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These are third party deals. Remember that every investor has their own set of criteria. Do your own due diligence for every deal!
If you are interested in any of these wholesale properties please contact Lincoln Commercial at (303) 419-2180
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150 Cedar Street,
Hudson, CO 80642
5 bed, 2 bath
Buy for $215k
PRICE REDUCED!
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1020 Spencer Street, Longmont, CO 80501
4 bed, 2 bath
Buy for $361k
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1629 Bahama Street, Aurora, CO 80011
2 bed, 2 bath
Buy for $235k
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5300 W. 4th Avenue, Lakewood, CO 80226
3 bed, 1 bath
Buy for $276k
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421 E Willamette Avenue, Colorado Springs 80903
4 bed, 2 bath
Buy for $300k
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6511 W. 73rd Place, Arvada, CO 80003
3 bed, 3 bath
Buy for $385k
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1155 Ash Street #208, Denver, CO 80220
2 bed, 2 bath
Buy for $200k
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4175 South Granby Circle, Aurora, CO 80014
3 bed, 2 bath
Buy for $365k
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13467 Clayton Court, Thornton, CO 80241
4 bed, 5 bath
Buy for $425k
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Set the Course For your Life and Business
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Where are you headed? We may have a destination in mind, but we don't actually know how to get there without a guiding system... Here are five ways to set your course for this year and beyond.
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Read these blogs to help you on your journey:
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Monthly meetings
Seminars
Podcasts
Networking
Home Depot Discounts
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103: $25k in 15 hours of work! Really?
102: From student to full time investor
101: December market update
100: The good, the bad & the ugly
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Next ICOR meeting will discuss the impact of the Tax Cuts and Jobs Act as well as the Glorious World of Cost Segregation.
See details here
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[(303)338-8000] [temery@invest-success.org] [www.invest-success.com]
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Follow Invest Success to network with other investors
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