longmont foreclosures: Longmont RE Trends: Pop Tops and Scapes - 12/27/08 01:22 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 Longmont 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).
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longmont foreclosures: Longmont RE Trends: Condo Conversions - 12/27/08 01:21 PM
Investing in Real Estate 8 - Condo Conversions
This blog will discuss a type of real estate investment, fix and flips, in the Longmont 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 … (0 comments)

longmont foreclosures: Longmont RE Trends: Fix and Flips - 12/27/08 01:21 PM
Investing in Real Estate 7 - Fix and Flips
This blog will discuss a type of real estate investment, fix and flips, in the Longmont 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 … (0 comments)

longmont foreclosures: Longmont RE Trends: Lease Options - 12/27/08 01:20 PM
Investing in Real Estate 6 - Lease Options
This blog will discuss a type of real estate investment, lease options, in the Longmont 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 … (0 comments)

longmont foreclosures: Longmont RE Trends: Large Apartment Buildings - 12/27/08 01:18 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 Longmont 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 … (0 comments)

longmont foreclosures: Longmont RE Trends: Small Apt. Building Investing - 12/27/08 01:17 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 Longmont 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 … (0 comments)

longmont foreclosures: Longmont RE Trends: Rentals - 12/27/08 01:16 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 Longmont 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 … (0 comments)

longmont foreclosures: Longmont RE Trends: Assignments - 12/27/08 01:15 PM
Investing in Real Estate 2 - Assignments
This blog will discuss a type of real estate investment, assignments, in the Longmont 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 … (0 comments)

longmont foreclosures: Longmont RE Trends: 1st Quarter Market Analysis - 12/27/08 01:14 PM
Recap of First Quarter 2008 Home Price Performance The average home price in Metro Denver increased +2% in the full year 2005 to the full year 2006, from $309,000 to $317,000. Comparing 2006 to 2007, the average home price across the metro dropped 2%, to $311,000. The first quarter of 2008 was $278,000 vs. the first quarter of 2007 was $296,000: a 6% decrease. Note that prices in the first quarter are usually a bit less than the rest of the year. This is because families that tend to purchase larger, more expensive homes tend to move in the summer months … (0 comments)

longmont foreclosures: Longmont RE Trends: Market Improving? - 12/27/08 01:13 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 as % of list-          Sold price as % original price UP a lot - banks are getting better at pricing-          Number of expired listings down Every indicator is improving this year in AUN.  You will see the same trends in DSW (southwest Denver  County), but not as marked an improvement as … (0 comments)

longmont foreclosures: Longmont RE Trends: Market Update - 12/27/08 01:11 PM
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, but lower inventory implies a strengthening market.  Remember, the Denver area had housing inventory of 31,989 units in July 2006. Home sales rose 14% to 4,265 in September compared to the same month last year.  This is due almost entirely to the lower-end of the market (under $180K) selling like … (0 comments)

 

Dawn Clark

Cherry Hills Village, CO

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