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drew armbruster: Protesting property value - don't do it! - 02/12/09 11:50 AM
There is an interesting article about me below written by Margaret Jackson at the Denver Post.
Adjusting my property value saved me nearly $1,000 a year (described in below article), so am I saving money? Well that depends on what my goal is with the property.
Duplex example: purchased at $144,000, was tax valued at $280,000 and had it revalued at $165,000.
Am I planning on owning it for 10 years, where I would save approx. $10,000, or am I planning on selling it in 5 years and needing to provide evidence of the property value. It would be a … (1 comments)
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drew armbruster: The dying Denver duplex - why your qualified buyer can't buy a duplex - 02/12/09 11:04 AM
Denver County is a unique county with respect to duplexes, because they are very willing to let you split them and sell as attached homes fairly easily. Because of that, I have a ton of trouble finding duplexes in decent hoods under 300K for the investor who wants to live in one and rent the other (many times an FHA buyer). They don't want to buy the run down cash flow duplexes along Colfax or MLK for $140,000 to $150,000 - they want one in a relatively nice hood.
Does anyone share the same problem and is there strategies for these … (2 comments)
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Drew Armbruster, CRS
Denver,
CO
More about me…
Your Castle Real Estate
Address: Denver, CO
Office Phone: (303) 962-4272 x 350
Cell Phone: (720) 840-1182
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