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denver income property: Top 5 things to look for during a home inspection and what you should learn. - 11/16/11 12:18 PM
Inspections are often a "sticky" part of the real estate transaction.  Often buyers get bogged down in the details and want to ask for the moon to be fixed before moving on.  Hence I find myself talking the buyer down to focusing on the saftey issues and big ticket items.  Well, thanks to local Denver inspector Darryl Bashline from DBInspections he has so kindly put into words for us:
1. What are the top 5 things you don't want to find during a home inspection?
A: You don't want to find safety of costly repair issues such as: 1. Foundation problems 2. Roof/Structural problems 3. Water/wet basement/crawl space issues … (8 comments)

denver income property: Denver metro vacancy rates are at all times lows! Calling all investors. - 09/01/11 12:51 PM
Denver metro vacancy rates are at all times lows! Calling all investors.
Multiple articles are out this week about the low vacany rates for metro Denver.  Two counties even posted a 0% rating (Broomfield and Boulder).
This is a good indicator for those thinking of investing in the Denver housing market.  Rental demand is high which could drive rental prices even higher.
“Both the vacancy rate and the number of days on the market are at the lowest levels recorded since 2001,” said Ryan McMaken a spokesman for the Division of Housing.
1.9% was the highest county wide vacancy rate. Here … (2 comments)

denver income property: 2 big lenders lighten their lending guidelines and revise requirements of down payment and FICO scores. - 02/12/11 06:58 PM
2 big lenders lighten their lending guidelines and revise requirements of down payment and FICO scores.
   I found this article today written by Ken Harney for Inman news.  This is a big deal but seems to have gone off without any pomp and circumstance.  Neither Quicken Loans or Wells Fargo have spend anytime advertising these newer lower requirements.  These are great for those lower credit scores and smaller down payment buyers.  Awesome for 1st time home buyers!  Here's a quick snippet:
"With no fanfare or public announcements, two of the largest FHA-approved lenders have backed off their controversial "overlay" requirements … (2 comments)

denver income property: Anti-flipping rule has been extended through 2011. - 02/01/11 12:17 PM
Good News: The Federal Housing Administration has extended FHA's temporary waiver of the agency's 'anti-flipping rule.' 
With certain exceptions, FHA regulations prohibit insuring a mortgage on a home owned by the seller for less than 90 days.  Early last year, FHA temporarily waived this regulation through January 31, 2011.  FHA today posted a notice extending this waiver through the remainder of 2011.  This action will permit buyers to continue to use FHA-insured financing to purchase HUD-owned properties, bank-owned properties, or properties resold through private sales. It will allow homes to resell as quickly as possible, helping to stabilize real estate prices and … (2 comments)