Chapter 2: 3 Legged Stools Work in Real Estate, too!
The current market in Colorado and nationwide relies on this basic stool. The first leg is Distressed Sales v. Foreclosures; the second leg is the folks who owe more than their home is worth; and, the final leg is the rate at which the Government and major banks feed properties onto the market, effectively controlling prices waiting for better times to help them liquidate foreclosed houses from their books. Over the next few days, I will discuss each of these legs. I will also lay out my assessment of the risks, uncertainty, and strategy for success. Bottom Line: we lend to smart borrowers through our private money fund in Colorado and most often in Denver.
Check out my other Blog Posts and Free Reports on my Web site for additional ideas about the market. Read more tomorrow on this fascinating subject!
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