Berkley RE Trends: Pop Tops and Scrapes - 12/28/08 07:03 PM
Investing in Real Estate 9 - Scrapes, Pops and New Construction
This blog will discuss a type of real estate investment, scrapes, pops and new construction, in the Berkley area in Denver.
What this investment is: Purchasing a small home in an expensive neighborhood that may or may not need … (1 comments)
|
Berkley RE Trends: Condo Conversions - 12/28/08 07:02 PM
Investing in Real Estate 8 - Condo Conversions
This blog will discuss a type of real estate investment, fix and flips, in the Berkley 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 … (0 comments)
|
Berkley RE Trends: Fix & Flip Investing - 12/28/08 07:02 PM
Investing in Real Estate 7 - Fix and Flips
This blog will discuss a type of real estate investment, fix and flips, in the Berkley 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 … (0 comments)
|
Berkley RE Trends: Lease Options - 12/28/08 07:01 PM
Investing in Real Estate 6 - Lease Options
This blog will discuss a type of real estate investment, lease options, in the Berkley 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 … (0 comments)
|
Berkley RE Trends: Large Apartment Buildings - 12/28/08 07:00 PM
Investing in Real Estate 5 - Large (5+ unit) Apartment Building
This blog will discuss a type of real estate investment, large apartment buildings, in the Berkley area in Denver.
What this investment is: Still targeting tenants for 6-12 months at a time, buildings with more than five units are … (0 comments)
|
Berkley RE Trends: Apartment Buildings - 12/28/08 06:59 PM
Investing in Real Estate 4 - Small (2-4 units) Apartment Building
This blog will discuss a type of real estate investment, small apartment buildings, in the Berkley area in Denver.
What this investment is: Purchase of duplex, triplex or quadplex to be rented to tenants, usually for 6-12 month terms. … (0 comments)
|
Berkley RE Trends: Rental Condos and Rental Homes - 12/28/08 06:59 PM
Investing in Real Estate 3 - Rental Condo or Rental Home
This blog will discuss a type of real estate investment, rental condos or rental homes, in the Berkley area in Denver.
What this investment is: Purchase of a residential property to be rented out to tenants, usually on a … (0 comments)
|
Berkley RE Trends: Assignments - 12/28/08 06:58 PM
Investing in Real Estate 2 - Assignments
This blog will discuss a type of real estate investment, assignments, in the Berkley 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 … (0 comments)
|
Berkley RE Trends: Market Improving? - 12/28/08 06:57 PM
Take a look at the first page, for AUN (Aurora North). Note these positive market trends this year:- number of active listings steadily declining- average list price pretty stable (finally!)- U/C up dramatically- Number of sales / month up (partially seasonality)- DOM dropping- Stability in average sold prices and sold price … (0 comments)
|
Berkley RE Trends: Mortgage Brokers... - 12/28/08 06:56 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 … (0 comments)
|
Berkley RE Trends: Investing - 12/10/08 10:00 AM
Loan Considerations for Buy and Hold InvestorsAs far as investment loans, little or no money down loans are impossible. However, lenders do permit the use of Home Equity Lines of Credit or second mortgages from other properties owned by the borrower as a source of down payment. Or, self-employed borrowers are … (0 comments)
|
Berkley Real Estate Trends: Fix and Flips - 12/10/08 09:59 AM
Loan Considerations for Fix & Flip / Short-Term InvestorsSecuring conventional financing on a fix & flip or short-term loan is not recommended. Most conventional lenders sell off their mortgages to investors on the secondary market. If the loan is paid off early (before six payments are made), the investor has not … (0 comments)
|
Berkley Real Estate: Jumbo Loans - 12/10/08 09:58 AM
Loan Considerations for Jumbo MortgagesFor the Greater Metro Denver area, any loan amount greater than $417,000 is considered a jumbo loan. Fannie Mae and Freddie Mac assign different thresholds for various regions across the country. For instance, $417,000 is not considered a jumbo loan in a high cost city like San … (0 comments)
|
Berkley RE Trends: Loan Considerations - 12/10/08 09:57 AM
Loan Considerations for Loan Amounts Between $200K - $417KWith all the doom and gloom publications that are mostly exaggerated, many potential borrowers believe that home mortgage lending options have dried up. While underwriters and investors are scrutinizing files more closely, attractive rates and terms still exist for owner occupied purchasers seeking … (0 comments)
|
Berkley Trends: FHA Loans - 12/10/08 09:56 AM
FHA First-Time Buyer Tax CreditIn an effort to boost the sagging real estate market and overall economy, first-time home buyers are being offered a limited time tax credit when purchasing a primary residence. The highlights of the tax credit are:• The tax credit is available for first-time home buyers only. • … (0 comments)
|
Berkley Trending Report: First Time Buyers - 12/10/08 09:55 AM
Loan considerations for a first time buyerLending guidelines are changing on a daily basis for every type of loan: conventional, FHA, VA & commercial. Nevertheless, there are still very attractive first-time home buyer options available. If you are or will be a first-time buyer, it is critical to speak with a … (0 comments)
|
Berkley Real Estate Trends: Improving FICO Scores - 12/10/08 09:55 AM
How can you improve your FICO score?To improve one’s credit score, it’s critical to understand the factors influencing a credit score. The factors that contribute to a FICO score and the weighted percentages for each are as follows:• 35% — timeliness of payments • 30% — the ratio of used debt … (0 comments)
|
Berkley RE Trends: Interest Rate Information - 12/10/08 09:53 AM
How does your FICO score impact your interest rate on your loan?Low credit scores are deemed greater risk for lenders since the likelihood for defaulting on the loan increases. As such, lower FICO scores translate into higher interest rates. Mortgage lenders will group credit scores in a range, usually in 20 … (0 comments)
|
Berkley RE Trends: Understanding FICO Scores - 12/10/08 09:52 AM
What is a FICO score?FICO stands for Fair Isaac Corporation, a company that created the most used credit scoring model in the United States. An individual’s credit score is calculated through a statistical algorithm and is used as a factor in determining the likelihood of a borrower defaulting on a loan. … (0 comments)
|
Berkley RE Trends: Signs of a Change - 12/10/08 09:52 AM
There are some signs of strengthening in our Denver market. The metro area's inventory of available resale housing decreased 20% to 23,120 units in October from October 2007. Some of this reduced inventory is attributed to homeowners taking their properties off the market in frustration because their property is not selling, … (0 comments)
|
;)
;)
