Fisher Friday Flyer
January 18, 2019
|
ADUs now allowed in Englewood
The City of Englewood just passed a
new ordinance allowing for auxiliary dwelling units (ADUs)
to be built on lots that meet certain criteria. This will give homeowners the flexibility to add a cottage in the back yard in order to house their adult children, aging parent (or Airbnb guest, wink wink). The City of Arvada already passed a similar ordinance in 2007. It costs about $95k-150k to build an ADU, so run your numbers carefully and factor in a long timeline if you decide to build.
Recession is coming....some day
This time of year, economists do their best to predict what to expect given the data available. I attended an update for Realtors last week where
4 economist spoke about the current strength of the market, and the uncertainty of the future
. Consumer confidence is high, people are taking cruises, going to Las Vegas and buying RVs. However, as the positive impact of last year's tax reform becomes the "new normal", GDP is expected to fall to a normal 2%. Some economists predict a recession in 1-3 years because that is usually what happens after a period of growth. Yet,
no one really knows how soon it will be
. The one thing they do agree on is that this looming recession will likely be mild and that a strong period of growth will follow.
See you soon,
Evania Ku
---
QUOTE OF THE WEEK:
"A STUDY OF ECONOMICS USUALLY REVEALS THE BEST TIME TO BUY ANYTHING IS LAST YEAR."
~ MARTY ALLEN
|
|
|
Our mission at Invest Success is to promote integrity within the real estate investor community through networking and real-world mentorship.
|
|
 |
|
Sat, Feb 9, 2019 7:00 AM MST
John Fisher's Breakfast Club
Dazzle at Baur's,
Denver
|
|
|
|
|
|
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.
|
|
|
|
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.
|
|
Weekly Statistics:
New Listings
1328 (1138 last week)
Under Contract
1427 (1105 last week)
Sold
926 (860 last week)
|
|
Total Active Listings:
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
2017
December - 7,712
|
|
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
|
|
1472 Glencoe St,
Denver, CO 80220
3 bed, 2 bath
Buy for $445k
|
|
1555 Clinton Street, Aurora, CO 80010
2 bed, 2 bath
Buy for $265k
|
|
4415 East 122nd Avenue, Thornton, CO 80241
3 bed, 2 bath
Buy for $325k
|
|
154 South Quitman Street, Denver, CO 80219
3 bed, 1 bath
Buy for $255k
|
|
753 South Beech Street, Lakewood, CO 80228
5 bed, 2 bath
Buy for $435k
|
|
1371 Spruce Street, Denver, CO 80220
3 bed, 1 bath
Buy for $345k
|
|
|
|
Set the Course For your Life and Business
|
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.
|
|
|
Read these blogs to help you on your journey:
|
|
Monthly meetings
Seminars
Podcasts
Networking
Home Depot Discounts
|
|
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
|
|
|
|
[(303)338-8000] [temery@invest-success.org] [www.invest-success.com]
|
|
|
Follow Invest Success to network with other investors
|
|
|
|
|
|
|
