Fisher Friday Flyer
May 17, 2019
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Instant offers and loosening market
Last year, Opendoor and Zillow started making instant offers in Colorado to owners wanting to sell fast. Well,
now brokerage firms like 8z and Redfin have jumped into the game
. I've also heard that Keller Williams has started to offer to buy houses from sellers as an alternative to listing on the MLS. So far, the impact to investors is minimal given that they only buy houses that need a small amount of work and the inventory of homes for sale is increasing.
Overall, the market is loosening up
and providing incentive for both buyers and sellers. That is good for investors who follow the market and make adjustments in strategy.
In case you missed what happened at the legislature
The legislature was busy this year and landlords were a big target. Several new bills affect our industry.
Get the full update on our blog
.
Also, make sure your property manager is up to speed and ready to help you comply. Some of the laws have very specific timelines and requirements that you must meet.
See you soon,
Evania Ku
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QUOTE OF THE WEEK:
"THERE IS GREAT ADVENTURE IN THE UNKNOWN THAT PROPELS US TO DISCOVER POWERFUL PARTS OF OURSELVES THAT WE DIDN'T KNOW WERE THERE."
~ Susan Jeffers
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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, Jun 8, 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 with coaches in
Denver, Colo. Springs and Fort Collins
. We have the local knowledge and connections to help you hit the ground running!
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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
2489 (1874 last week)
Under Contract
2223 (2111 last week)
Sold
1702 (1982 last week)
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Total Active Listings:
2019
April - 10,430
March - 9,949
February - 9,738
January - 9,649
2018
December - 9,840
November - 12,005
October - 13,131
September - 13,488
August - 12,906
July - 12,241
June - 12,077
May - 10,738
April - 9,377
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These are third party deals. Remember that every investor has their own set of criteria. Do your own analysis for every deal! Verify, verify, verify
If you are interested in any of these wholesale properties please contact Lincoln Commercial at (303) 419-2180
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3635 Jason St
Denver, CO 80211
1 bed, 1 bath
Buy for $305k
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2571 W Cornell Ave
Denver, CO 80236
4 bed, 1 bath
Buy for $315k
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1177 S Clarkson St
Denver, CO 80210
3 bed, 2 bath
Buy for $551k
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1080 S Leyden St
Denver, CO 80224
3 bed, 2 bath
Buy for $405k
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If you are interested in investing in real estate... you will soon learn that it can’t happen without the help of others. However, that doesn’t mean all those people are on your side or that they have your best interest at heart...
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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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109: CO real estate going down in flames
108: Is it a buyer's market?
107: How to generate massive cash flow
106: The changes in each CO market
105: The sky is falling. Or is it?
104: What else can we do with Hard Money
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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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