Fisher Friday Flyer
March 29, 2019
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Mortgage rates fall
After the FED decided not to raise interest rates for the rest of the year,
mortgage rates plunged to 4.06%
. That's a big boost for real estate as we head into the buying season. Lower interest rates mean buyers can more easily afford homes and helps to offset our seemingly high priced real estate.
New challenges for landlords
The Democrat controlled state government is finalizing its passing of some key legislation that will increase the risk of being a landlord in Colorado.
Keep on investing, but be aware and factor these risks into your business plan.
HB19-1118
requires a landlord to wait 10 days before serving an eviction notice to a tenant (rather than the current 3 days).
HB19-1170
allows tenants to withhold rent payments for repairs as little as a broken appliance that isn't fixed within 3-4 days or if the tenant themselves causes damage like mold to build up. Landlords should always be attentive to issues of habitability, but these bills allow bad tenants to work the system and avoid paying rent. The intent is to create more affordable housing; however, it will more than likely do the opposite.
See you soon,
Evania Ku
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QUOTE OF THE WEEK:
"NOTHING CAN BE LOVED OR HATED UNTIL IT IS UNDERSTOOD."
~ Leonardo da Vinci
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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, Apr 13, 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
1273 (1577 last week)
Under Contract
1677 (1907 last week)
Sold
1227 (1515 last week)
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Total Active Listings:
2019
February - 9,316
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
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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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971 S Vrain St
Denver, CO 80219
2 bed, 1 bath
Buy for $255k
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1121 Carr St
Lakewood, CO 80214
4 bed, 2 bath
Buy for $420k
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3955 W Linvale Place
Denver, CO 80236
5 bed, 3 bath
Buy for $405k
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241 S Zenobia St
Denver, CO 80219
2 bed, 1 bath
Buy for $270k
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1101 Kenton St
Aurora, CO 80010
6 bed, 1 bath
Buy for $315k
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3435 Garfield St
Denver, CO 80205
4 bed, 2 bath
Buy for $485k
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8337 W 68th Ave
Arvada, CO 80004
5 bed, 3 bath
Buy for $395k
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2329 W Fair Ave
Littleton, CO 80120
4 bed, 2 bath
Buy for $340k
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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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106: The changes in each CO market
105: The sky is falling. Or is it?
104: What else can we do with Hard Money
103: $25k in 15 hours of work! Really?
102: From student to full time investor
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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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