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universi: University Hills RE Trends: Mortgage Broker Licensing... - 12/22/08 12:29 PM
Colorado Mortgage Broker Licensing In response to the troubled national real estate market and Colorado’s high volume of home foreclosures, efforts have increased to make higher caliber professionals involved in real estate. Licensing, rules and regulations have become more stringent for agents, appraisers, title companies and mortgage brokers. In regards to mortgage brokers, the below items are mandatory. No longer can someone open up the Yellow Pages, claim to be a mortgage broker and then be compensated for placing a loan --- what a novel concept. Before committing to a mortgage broker, please make sure that they are licensed in Colorado … (0 comments)
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universi: University Hills RE Trends: Pops and Scrapes - 12/22/08 12:28 PM
Investing in Real Estate 9 – Scrapes, Pops and New ConstructionThis blog will discuss a type of real estate investment, scrapes, pops and new construction, in the ___neighborhood__ area in Denver.What this investment is: Purchasing a small home in an expensive neighborhood that may or may not need work. The home is bulldozed and a new home or duplex is put on the lot. Alternatively, the existing home is renovated and more square footage is added on. A pop-top is adding a second story to an existing home to add more square footage (commonly, a master bedroom suite).Equity needed: Being able … (0 comments)
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universi: University Hills RE Trends: Condo Conversions - 12/22/08 12:27 PM
Investing in Real Estate 8 – Condo ConversionsThis blog will discuss a type of real estate investment, fix and flips, in the University Hills area in Denver.What this investment is: A synthesis of the fix and flip and rental operations - purchasing an apartment building in a neighborhood dominated by owner occupants, then converting the building from apartment building to condominium. Often requires renovation of the units to meet the expectations of owner-occupant buyers in that area. Complex and time consuming, but has wonderful tax advantages compares to fix and flips and often has superior returns to all other asset classes. … (0 comments)
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universi: University Hills RE Trends: Fix and Flips (Invesment Strategies) - 12/22/08 12:26 PM
Investing in Real Estate 7 – Fix and FlipsThis blog will discuss a type of real estate investment, fix and flips, in the University Hills area in Denver.What this investment is: Purchasing a home that needs work. The scope can range from the basic "paint and carpet" to extensive overhauls to scraping a decrepit property and completely starting over. Usually does not involve tenants, and the objective is to get in and out of the property as quickly as possible. Great for beginners with the right skill sets or the willingness to learn.Equity needed: With hard money loans (defined in next … (0 comments)
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universi: University Hills RE Trends: Lease Options - 12/22/08 12:25 PM
Investing in Real Estate 6 – Lease OptionsThis blog will discuss a type of real estate investment, lease options, in the University Hills area in Denver.What this investment is: A lease option (L/O) is Acquiring control of a property (though not necessarily ownership), then leasing the property to a tenant. The lease is bundled with an option, so the tenant can (but does not have to) purchase the property for a given price within a given time frame. Again you are seeking a tenant for a property, but usually for a slightly longer term (12-18 months) and frequently (though not always) … (1 comments)
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universi: University Hills RE Trends: Large Apartment Buildings - 12/22/08 12:24 PM
Investing in Real Estate 5 – Large (5+ unit) Apartment BuildingThis blog will discuss a type of real estate investment, large apartment buildings, in the University Hills area in Denver.What this investment is: Still targeting tenants for 6-12 months at a time, buildings with more than five units are considered "commercial" property. The loans are more difficult to qualify for, and usually a larger down payment is needed. Uncommon for the new investor; this is usually what landlords with several years of experience "trade up" to. Cash flows on larger buildings are more stable than for smaller buildings, and the economies … (0 comments)
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universi: University Hills RE Trends: Investing in Apartment Buildings... - 12/22/08 12:23 PM
Investing in Real Estate 4 – Small (2-4 units) Apartment BuildingThis blog will discuss a type of real estate investment, small apartment buildings, in the University Hills area in Denver.What this investment is: Purchase of duplex, triplex or quadplex to be rented to tenants, usually for 6-12 month terms. Usually what the rental home / condo landlords graduate to. In most markets they cost a little more than a rental home, but are much more likely to cash flow on the average month. Less cash flow risk; if one unit is empty you have other tenants that still help you with … (0 comments)
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universi: University Hill RE Trends: Rental Condos or Rental Homes - 12/22/08 12:21 PM
Investing in Real Estate 3 – Rental Condo or Rental HomeThis blog will discuss a type of real estate investment, rental condos or rental homes, in the University Hills area in Denver.What this investment is: Purchase of a residential property to be rented out to tenants, usually on a 6-12 month lease term. This is how most new landlords get started. You can hire out all of the property management functions, but in many cases you will do many of them on your own. There are smaller down payment requirements than for larger rental buildings. The purchase process and financing process … (0 comments)
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universi: University Hills RE Trends: Assignments - 12/22/08 12:20 PM
Investing in Real Estate 2 – AssignmentsThis blog will discuss a type of real estate investment, assignments, in the University Hills area in Denver.What this investment is: An investor who is interested in Assignments gets a property under contract for an attractive price then assigns the contract to another buyer, usually another investor. The first investor will be paid a fee for the work. If you don't have much equity to work with, and/or if your credit power is limited, assignments can be a way to get started in real estate investing. You will need to have a strong "sales" personality … (0 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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