via Understanding Private Mortgage Insurance
Used to be that anyone putting less than 20% down needed private mortgage insurance to protect lenders against borrower default.
Until now. We have partnered with a global lending institution committed to offering up to 100% financing, will contribute up to $4,500 toward closing costs and does not charge PMI!
Too good to be true? We promise, it’s not. Contact me for details.
via Housing in 2018: Where Are Home Values Headed?
Meeting about an assisted living facility we have under contract with a potential investor who has “8 million” currently earning a “guaranteed 5%”, the inevitable subject of overvaluation came up, to which my response was, not quite.
Buoyed by many positive trends, such as the nation’s first Olympic museum, projections of our being the nation’s cyber security capital, expansion of direct flights to and from the Colorado Springs airport and more, there’s also this:
http://www.corelogic.com/about-us/researchtrends/corelogic-home-price-insights.aspx?WT.mc_id=crlg_171205_C6yzN#Historically just a few years behind the Denver MSA, which may have plateaued as of this writing, it seems the Colorado Springs market has up to 5 years of upswing left.
Specializing in locating, analyzing, acquiring and management of quality rental assets, we are standing by and have significant experience helping investors build long-term wealth with real estate. Please contact us at 866-6REALTY or 303-242-2980 for the personalized attention you deserve.
via What Is Pre-Foreclosure and When Will Your House Be Repossessed?
Pre-foreclosure, Lis-pendens, default notice…these are not words any responsible homeowner wants to read or hear, no matter what. Suddenly faced with a loss of one’s home and often largest asset, a pending foreclosure is not a situation anyone wants or even should handle alone.
When faced with such a crisis, it’s important one engage the help of a qualified, 
licensed professional able to provide options that go beyond “we buy houses”. Including a short sale, lease options and more, armed with enough information, a true professional will find there many ways to help a homeowner in distress delay if not avoid a foreclosure, if only they’d ask early in the process. Unfortunately, and though most who receive a pre-foreclosure notice will find a way out, too many that don’t run out of time. No man is an island.
In one word, market conditions are robust. A proud member of Atlas Real Estate Group, the premier real estate investment company and brokerage team along the Front Range, I am often asked for an indication of the rental market in Colorado Springs. Here is a brief synopsis.
At 11% according to Yardi®, we are top three in the nation when it comes to year over year rent growth, a finding consistent with what we see on a daily basis analyzing the market for our investor clientele. This is due to a myriad of factors, such as limited inventory, minimal construction activity and a level of population growth that has moved us up to being the nation’s 40th most populous city and a “positive trajectory with respect to economic recovery and growth“.
The result of our robust market is high prices. This is bad news for wholesalers and flippers, a business model needing margins of 25% or better to make sense. Forced to seek elsewhere for the short term ROI they need, many are flocking to markets such as Indianapolis, St. Louis and others where housing prices are low enough to generate the profit margins they need. And this is where the downside takes a sharp decline.
Stepping over dollars for pennies, their capacity for building long term wealth is severely limited, as can be seen by much lower rent growth rates of 4.3% and 2.9% respectively.
Not to mention, and though cash is truly king in the rental game, appreciation cannot be overlooked. According to NeighborhoodScout®, Colorado Springs has shown an 8% in annual appreciation rate in the last 12 months, whereas Indianapolis, IN and St. Louis, MO show 4.73% and 6.14% rates respectively.
How’s the market, you ask? Like Caribbean waters, warm and inviting. Come on in? Don’t worry, no sharks allowed.
As an incentive for new and existing homeowners to buy homes with high energy efficiency ratings or make upgrades (furnace, insulation levels, windows, etc.) to an existing home, the state of Colorado is offering up to $8,000!
There are hundreds, if not thousands of extra programs that help with adapting homes for folks with disabilities, down payment. closing and other costs. Check them all out here!
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Every homeowner wants to make sure they maximize the financial reward when selling their home. But, how do you guarantee that you receive greatest value for your house? Here are two keys to insuring you get the highest price possible. 1. Price it a LITTLE LOW. This may seem counterintuitive…
Source: Sell Your House For More
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With our incredible guide to selling your house, you will learn expert strategies that will help sell your home faster and for more profit including:
Don’t miss out on one of the last opportunities we’ll have this year to sell your house. Download your free guide today!
Source: Buying A Home Can Be SCARY… Until You Know The FACTS! [INFOGRAPHIC] | Simplifying the Market™
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Attention renters! Are you ready for a place of your own? And, I don’t just mean somewhere to live because, if you’re a renter you already have that! I mean a home that you can paint and fix-up the way you want, where you will have less neighbor worries and, there are so many more benefits to being a homeowner, not the least which is no longer paying someone else’s mortgage or nest egg by helping to build their equity, but building your own instead.
Many people I talk to think they can’t afford to buy a home. Well just today, July 22, 2015, a search for properties less than $90,000 in El Paso County resulted in 15 results. Now, keep in mind there are down payment requirements for most loans except VA, but a $90,000 loan amount at a 4% interest rate (which not everyone will qualify for) equals a monthly payment for principal and interest of $429.67 (not APR)! Add 1% for taxes and insurance and we’re talking about a payment of roughly $505! As you see, with monthly payments this affordable, you just can’t afford not to! Not to mention, there are some areas in El Paso County enjoying up to 14% appreciation, meaning if it’s worth $100,000 today it’s potentially worth $114,000 next year!
Look at the interest rates bank are paying for savings and compare…you’ll find that, even at 2% there is no comparison!
And if that’s not enough to get you off of the fence, let me nudge a bit and introduce the El Paso County Bond program, which offers down payment assistance equal to 4% of the mortgage amount. And you don’t even have to be a first time home buyer to qualify! In case you missed it, this might mean zero down.
Do I have your attention yet? Use the contact form to the right and I’ll be happy to help you stop paying rent and start paying yourself.
Source: El Paso County, Colorado • Single Family Mortgage Bond Program
The Great Recession brought about a major downturn in the housing market. In this new economic reality, many investors backed off for a few years. Now, they’re slowly starting to come back as the market improves and their wide-eyed dreams of ditching the rat race for wealth and independence expand by the day. If you’re one of the many who have taken the plunge into the housing market or are considering doing so, keep in mind that it can be challenging. In particular, there are four key issues you’ll want to master in order to hone your property investing skills…read more
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