“This is going to be the year”

Denver is a net 75,000 plus in population for the last few years. That requires a net 20,000 NEW living spaces. Re-sales of homes have only increased by 1000 over last year. Maybe that partially explains our real estate market. Add to it one of the lowest un-employment rates in the country and one of the most desirable environments to live in and we see what we have.

Every year, it seems like the same things are on the list but this could be the year you really do invest in a Denver rental home.Denver real estate resolution

Rents are climbing, values are solid and mortgage rates are still low for non-owner occupied properties. A $150,000 home (if you can find it in Denver) with 20% down payments can easily have a $300 to $500 monthly cash flow after paying all of the expenses.

There are lots of strategies that can be successful but a tried and true formula is to invest in below average price range homes in predominantly owner-occupied neighborhoods. These properties will appeal to the broadest range of tenants and buyers when you’re ready to sell.

Single family homes offer an opportunity to borrow high loan-to-value mortgages at fixed rates for long terms on appreciating assets with tax advantages and reasonable control.

This can be the year to make some real progress on your resolutions. The first step may be to invest some time learning about rental properties by attending a FREE webinar on January 4th at 7:00 PM Central time zone by national real estate speaker Pat Zaby. Click here to register. If you can’t attend live, by registering and you’ll be sent the link to watch at your convenience.

If you want to see the homes on the market go to www.DenverRelocation.com.

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About Pete Doty

As a Realtor® Pete has been working in the Denver residential market since he first started in 1985, and focusing primarily in the south end of town. He finds the client the home they want, and then help them sell it when they want to move. Marketing is really where his heart is, and making sure his clients’ interests are watched over in Littleton, Highlands Ranch, Parker, Castle Rock, Centennial, Englewood, Morrison or Denver. His web site www.DenverRelocation.com ranks high in search rankings and generates numerous relocating buyers each year. Talk to Pete for a unique perspective on today's real estate market in Denver.
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