Tag Archives: realtors

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Cash Flowing Fourplex In 80916 – Top Four In Nation!

Fully occupied at close to market rent, this recently updated fourplex boasts strong cash flow and is currently performing at an 11%+ ROE with a 22% expense ratio; $20k upside with $25k rehab, comps to $540k. Located in 80916, recently one of the four fastest growing zip codes in the nation, its southeast location offers a good path to development with numerous community redevelopment initiatives already underway and is also close to shopping, restaurants and the intrastate with easy access to I-25. 24 average rental days on market and a decent 7%+, 10 yr price trend (single/multi-family combined), this asset may be worth taking a look at.

Click this link for a detailed analysis: 181220-1 Investment Analysis and contact us with any interest. A third party listing, NCND and/or buyer agency agreement is requested.

No Comments Real estate , , , , , , , , , , ,

How’s the Market?

Atlas Real Estate Group

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.

Market Conditions – Year over Year Rent Growth

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“.

Market Conditions – Supply and Demand

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.

Market Conditions – Seeking New Clients

How’s the market, you ask? Like Caribbean waters, warm and inviting. Come on in? Don’t worry, no sharks allowed.

No Comments Real estate , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

A Better Return on Investment

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According to Remodeling’s 2016 Cost vs. Value Report, you’ll recoup an average of 64% of what you paid for a renovation if you sell your home this year.

Source: 10 Home Renovations That Offer the Best (and Worst) Return on Investment – Real Estate News and Advice – realtor.com

Return on Investment

We’ve previously discussed Return on Investment (ROI) about how much more (or less) than an asset’s cost it is (or will be) worth at resale. It went a little something like this.

ROI

OK. The same concept of ROI applies, perhaps but not always on a lesser scale, to the effect of improvements made after purchase to the resale value of that asset.

Many (not all) buyers want gorgeous granite, jacuzzi tubs, bedroom fireplaces and similar creature comforts. And where these add great value…prestige, will they amount to a dollar for dollar increase in financial value? It depends.

Remodeling Values

It’s never good to have the most expensive house in the neighborhood. First, they can stand out like the a Taj Mahal near Quonset huts. Gaudy is definitely not good, IMHO. Worst, pride in ownership can be a bitter pill to swallow when no one cares how much that Italian marble tub cost. When it comes to comparable values, a tub’s just a rub-a-dub-dub. Sorry, couldn’t resist.

Quickly. What is relatively worth more, adding attic insulation or a bathroom that will relieve congestion come school time? Before we tell it, understand you’ll recoup about 67% of improvements on average. Drum roll, please…

Attic insulation, by a long shot of 2:1. Sad but true. Dollarphotoclub_81671951 - Down Payment Assistance

Rehab Loans – Pennies from Heaven

So be careful what you ask for, you might not get it. Unless it’s help to pay for remodeling projects on that would be perfect home were it not for the host of improvements needed to make it your castle, whether necessary or not.

With Fannie Mae’s and Freddie Mac’s HomeStyle Renovation and FHA’s 203k loans, it is relatively easy to turn that ugly house into the nosy neighbor’s bane of existence.

Energy Efficiency Assistance

How about we add energy efficiency upgrades to our efforts and receive up to $8,000 in help to do so?! This is HOT! No pun intended. Learn more here.

Thanks for reading. Let us know how we can help?

No Comments Construction, Down Payment Assistance, Finance, Investing, Mortgage News, Products, Real estate, Rehab loans , , , , , , , , , , , , , , , , , ,

Energy Efficiency Assistance

Dollarphotoclub_72894076 - energy efficiency small

Energy Efficiency Assistance

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!Dollarphotoclub_81671951 - Down Payment Assistance

Qualifications

  • New or existing homes (existing homeowners OK)
  • Lender must reserve the incentive amount before closing
  • Energy upgrades completed within 120 days of purchase

Additional Down Payment Assistance Programs

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!

No Comments Construction, Credit, Down Payment Assistance, Energy Efficiency, Finance, First Time Home Buyer, Investing, Mortgage News, Move up buyer, Real estate, Selling , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Return On Investment (ROI)

 

RE ROIReturn on Investment (ROI)

According to Investopedia, ROI measures the amount of return on an investment relative to the investment’s cost. To calculate return on investment, the return of an investment is divided by its cost with the result expressed as a percentage:

ROI

Real Estate ROI PPAR Average_Median Sales Price Chart dec 2015

Compared to precious metals (silver, gold), stocks and bonds, at 6.8% real estate provides the highest ROI on a national scale. Not to be confused with ROI, consider the Pikes Peak market saw a 8% increase in average sales prices from December 2014 – December 2015.

Make Money When You Buy

Not that it is risk free, but with variables such as appreciation, comparative property values, income history and such accounted for with relative certainty, in real estate it is said the money is made at the time of purchase, not so much at its sale. It is no wonder more millionaires have been made in real estate than anywhere else and with careful analysis, you could be the next!

Hot PropertiesWith access to every home listed in the area, we analyze and maintain a database of properties sold as-is which include short sales, estate sales and bank owned properties available at all times. Just click the image to the left for your free download.

Thanks for reading. We look forward to serving your current or future real estate needs.

No Comments First Time Home Buyer, Investing, Real estate, Selling , , , , , , , , , , , , , , , , , , ,

Are You Thinking About Buying a Home?

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buying a home

The process of buying a home can be overwhelming at times, but you don’t need to go through it alone.

Source: Are You Thinking About Buying a Home?

Buying a Home – Helping many buyers and sellers to successfully transact real estate, we offer this comprehensive guide to buying a home this winter. With information including four great reasons to buy a home today instead of waiting, what will happen to interest rates, whether it’s better to buy or rent, and more, the experts at the Axiom Realty Team are standing by to help and not in the traditional sense either.

After many years of institutional lending experience as a mortgage loan officer for major banks, we are experts at helping both buyers and sellers understand the lending side of things, a crucial part of the process. Still active in non-owner occupied lending circles, we are also able to help with hard and private money, business lines of credit, lease options, land contracts…whatever it takes to make the deal happen.

Partner with us and work with the finest professionals in the title, insurance, remodeling and other related service providers to make sure everything comes together smoothly and efficiently.

If you are thinking about buying a home, be it this winter or next summer, we are here to help. Please subscribe at the top left of this page and/or ask for your personalized consultation via the contact form at the bottom right. We’ll work together with you to make it happen.

Thanks for reading. See you on the other side!

No Comments Finance, First Time Home Buyer, Investing, Real estate , , , , , , , , , , , , , ,

Sell Your House For More

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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

No Comments Real estate, Selling , , , , , , , , , , , , , , , , ,

Sell Your House – Fall 2015

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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:

  • Five reasons it really is a good idea to sell in the fall
  • The importance of using an agent
  • Pricing it to sell from the beginning
  • And more!

Don’t miss out on one of the last opportunities we’ll have this year to sell your house. Download your free guide today!

No Comments Investing, Real estate, Selling , , , , , , , , , , , , , , , , , , , , , , , , ,

Buying A Home SCARY

Source: Buying A Home Can Be SCARY… Until You Know The FACTS! [INFOGRAPHIC] | Simplifying the Market™

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No Comments Credit, Education, Finance, First Time Home Buyer, Investing, Mortgage News, Real estate , , , , , , , , , , , , , , , , , , , , , ,
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