HALT DEFAULT

OK, our country is on a collision course to default. There are no easy answers. America’s rating may go down to AA, same as Slovenia. That may happen even if Congress raises the debt ceiling (is that an oxymoron?). And then there’s the BLAME GAME: It’s not my fault, it’s those damn _______ (fill in the blank: Tea Partiers, Democrats, Republicans, Chinese, rich people, poor people, yadda, yadda).

 

What would this mean to our real estate industry? Probably raise interest rates one point, to start. Ouch. Our marketplace would burrow deeper down. Homebuyers would decline, rentals would increase and the VIRAL SPIRAL would grow. Where’s Captain America when we need him? (oh, at the local theater…). We need a game changer!

 

OK, some good news: Pending Home Sales Rise in June. Thenot-so-good: small increase not enough to take us out of the gutter.

 

More good news: Mortgage Rates Down for Third Straight Month. The not-so-good: we could see a huge spike if our country’s financial solvency remains mired in political muck.

 

More good news: Foreclosure Rates Decline. The not-so-good: decline is due to lender processing delays, not an improving market.

 

Short Sales Simplified. This video takes you through the basics in understanding how they work and what’s in it for the lender, the homeowner, and the buyer. Interesting!

 

Short Sale Fraud Explained. Flags go up with “suspicious” transactions: 

1. Double close
2. 2^nd closing within one month of original close with sale price 10% higher
3. 2^nd closing within three months of original close with sale price 20% higher
4. 2^nd closing within six months of original close with sale price 40% higher

 

Are we there yet? Many real estate agents feel we have not reached the bottom of the trough yet! Maybe next year.

 

The latest  MORTGAGE RATES: 30 Year fixed at 4.53% and 5/1 ARMS at 2.98%. Rates are still low and change is slow. ARMs are down; who raised their hands?

 REAL ESTATE WEATHER REPORT

Doom, gloom, boom! National news is not pretty. We really do not know how Congress’ actions (and lack thereof) will affect our market. Remember MWR Squared? More Will beRevealed and More Will be Required! Stay tuned.

 

Overall, our Denver market keeps chugging along. Nice houses in nice ‘hoods sell nicely. We’re seeing more LIPSTICK REOs(now that’s a great reality TV moniker!), where the bank adds new paint and carpet. Are these base rehabs selling well? MWR.

 

We still have a few slots open for our REST in Denver, Saturday, August 6, 2011. This bus tour will take a small group of investors around Denver Metro estimating fix up costs on single family homes with maybe a condo and multi-family thrown it. Get a great education as we calculate fix formulas.   Click the link to register or for more information.

 

The race is on: who will have the first rehabbed house with an IKEA kitchen? Rumor has it you can install an entry level IKEA kitchen including appliances for under $4K. Don’t get lost in the meatballs!

 

John Schaub is coming to Denver. John will be hosting a Wealth Building weekend class August 20-21 in Denver. Find out why John’s considered an “old master” in our industry. Register at his website www.johnschaub.com.

 

Got your finger on our real estate market pulse? Call us with tips, rumors, conjectures, and cold cases (we’re thirsty!). We appreciate your feedback on Newsletter / Blogs and Breakfast Club (August 13 is our next meet) meetings. Thank you all for your news tips and leads! If you’re not on our list and want to be, LET US KNOW. Call, Write, Text, Tweet, Facebook (yeah, it’s a verb!),E-mail, drop by. Thank you for helping us help you!

 

INVENTORY : LOTS OF DEALS TO CONSIDER IN 5 METRO CITIES: Now’s the time to buy!

 

A NOTE on inventory: Deals come, deals go. Pay attention, display focus, stay connected, so when that “special” deal appears, you’ll take action.

 

Call us, 303 338-8000, for more information or with questions. FU and ARV are estimates. Actual results may vary (is that small enough?).We post ‘em when we get ‘em so bookmark or TWITTER or TEXT: Read the side bar (top left). If you don’t want to tweet, follow the instructions and we can send you a text message. You’ll be notified when we put a new property up onto our website. Simple. Some of our properties never make it to this blog/newsletter.

 

443 S Robb Way, NEW LIST Lakewood.Buy this HUD 4 bedroom, 2 bath brick ranch for $131K and flip or rent this out. Great neighborhood. Simple fix up.

 

4575 S Kittredge St, NEW LIST Aurora. Great house, great ‘hood. Buy this HUD 4 bedroom, 3 bath with 2 car attached garage for$134K. It comps out over $200K. Pheasant Run.

 

6691 Albion St, NEW LIST Commerce City. Bank reduced so we’re selling this 3 bedroom, 2 bath with carport tri-level for$52K. Put on new siding & windows and it will sell well. As a rental should cash flow over $400/month! It ain’t pretty, it’s CHEAP, esp for a 3/2.

 

71 Newark St, #D, NEW LIST Aurora. Condo penthouse, opens to open space. Buy this 3 bedroom, 2 bath, 1 car garage unit for$49K and rent it or flip it. 1160 sq feet, roomy and quiet.

 

9700 E Iliff Ave #E53. NEW LIST Denver. Condo penthouse. Woodstream Falls. Buy this 2 bedroom, 2 bath with detached garage condo for $37K. CHEAP. High HOA includes all utilities. 1138 square feet.

 

3221 S Holly Pl, Denver. 4 bedrooms, 3 full bathrooms, 2 car attached garage with over 3700 finished square feet. Not just Cherry Creek School District but Cherry Creek High School! Buy this REO for $203K. Although it butts to I-25, it’s quite quiet inside. Fix is light, check the pix on this sweet Holly home.

 

258 N 6^th Ave. Brighton. HUD. Buy this 3 bedroom, 2 bath with 1 car detached garage for $59K and do a rent ready fix for $13K, or, fix at $17K and flip at $110K. Should cash flow over $500 as a rental! House and ‘hood have a nice “feel.”

 

Bon Homepetit!

 

 

John Fisher

www.happycanyongroup.com

303 338-8000

 

QUOTE OF THE WEEK:

“Formal education will make you a living; self-education will make you a fortune.”  ~Jim Rohn

 

THE PAIN OF PAYING

 

America, what a country!  I believe we have the highest percentage of “homeowners” in the world. (“homeowner” is a misnomer, most “homeowners” don’t really “own” their homes, their bank does)  Most of the world pays rent. The majority of America’s homeowners pay mortgages (aprx 25-30% own their homes free and clear). Everybody pays, one way or another…except if you have no money, no income, no job. No wonder our industry is suffering. How do you spell RELIEF?

 

Closing costs by state; NY is #1 at $5,623 and Arkansas is #52 (California is two states + DC) at $3,007. Colorado is #41 at $3,366.

 

Top Foreclosure States for 2Q2011: Nevada, Arizona, California, Utah, Idaho, Michigan, Florida, Georgia, Illinois, and, rounding out the top 10: Colorado.

 

Homesales Down. Condos Down. Contract Cancelations Up. “Sales of previously owned U.S. homes hit a seven-month low in June as demand for condominiums fell and contract cancellations surged, dampening hopes the distressed housing market was starting to improve.”  Conservative appraisals are a major contributor.  Canceled contracts went up to 16% in June vs 4% in May; 9-10% is average.

 

 Home Sales on Pace for Worst Year Since Housing Bust.  Where’s the good news?

 

Washington Post has an interesting article about  FHA recent changes and changes coming. It does not appear to be anything that will jumpstart our economy and our industry; they say their intent is to encourage lending, homeownership, yadda, yadda; however, it appears to be the opposite!

 

Oh, the good news: 9 of 10 Americans still consider homeownership  the “American Dream.” The bad news: Dream on, good luck. No relief until employment grows. 

 

HOW IRONIC: the Chicago Federal Reserve Bank blames our housing mess on weak housing: why move to greener grass and sell your house for a loss when you can stay home and “sit on it.”

 

The latest MORTGAGE RATES: 30 Year fixed at 4.49% and 5/1 ARMS at 3.01%. Rates are still low and change is slow.

 

REAL ESTATE WEATHER REPORT

Irony? How things change, yet stay the same.  We just keep rollin’ along albeit slowly.  Denver Metro numbers remain relatively static.  Some areas are selling better than others (what else is new?) We are still seeing a slight price bump in “old” Aurora after a dramatic “hit” last year.  Rents are hot everywhere, especially for SFHs.  Don’t be caught empty-housed when our economy restarts;  we continue to see extraordinary cash flow returns on metro rentals, $400/mo is not unusual!  Jump on the bandwagon.  Oh, and yes, you too can FLIP!

 

We are starting to see signs of electronic lock boxes coming to town.  You better watch out!

 

John Schaub is coming to Denver.  John will be hosting a Wealth Building weekend class August 20-21 in Denver.  Find out why John’s considered an “old master” in our industry.  Register at his website http://www.johnschaub.com/

 

Got your finger on our real estate market pulse? Call us with tips, rumors, conjectures, and cold cases (we’re thirsty!). We appreciate your feedback on Newsletter / Blogs and Breakfast Club (August 13 is our next meet) meetings. Thank you all for your news tips and leads!  If you’re not on our list and want to be, LET US KNOW.  Call, Write, Text, Tweet, Facebook (yeah, it’s a verb!),E-mail, drop by. Thank you for helping us help you!  

 

INVENTORY

A NOTE on inventory: Deals come, deals go. Pay attention, display focus, stay connected, so when that “special” deal appears, you’ll take action.

 

Call us, 303 338-8000, for more information or with questions. FU and ARV are estimates. Actual results may vary (is that small enough?).  We post ‘em when we get ‘em so bookmark or TWITTER or TEXT: Read the side bar (top left). If you don’t want to tweet, follow the instructions and we can send you a text message.  You’ll be notified when we put a new property up onto our website.  Simple. Some of our properties never make it to this blog/newsletter.

 

3221 S Holly Pl, Denver. 4 bedrooms, 3 full bathrooms, 2 car attached garage. Over 3700 finished square feet. Not just Cherry Creek School District but Cherry Creek High School! Buy this REO for $203K. Houses in ‘hood are going for $350K and upwards BUT (you knew this was too good to be true, right?), this property backs to Interstate 25.  Thank heaven for newer windows and a tight build, it’s quiet inside, and the fix is under $20K.  Fix is very light, check out the pix! This is a sweet Holly home.

 

258 N 6^th Ave. Brighton. HUD.  Buy this 3 bedroom, 2 bath with 1 car detached garage for $59K and do a rent ready fix for $13K, or, fix at $17K and flip at $110K.  Should cash flow over $500 as a rental!  You must view this house!

 

3162 W Dakota Ave, Denver.  3 bedroom, 1 bath with carport. Buy this for $55K and fix for $5K gets you a 3/1 that will rent for $900/mo or more. Heated shed (mini chalet) in back.  Also works well as a flip.

 

Bon Homepetit!

 

John Fisher

www.happycanyongroup.com

303 338-8000

 

QUOTE OF THE WEEK:

“Act as if what you do makes a difference. It does. “  ~William James

 

 

MONTH TO MONTH RESUSCITATION

 

Are we recovering one month at a time? Our economy most certainly needs to regain its health.  The bigger question is if this regeneration and restoration will be external or come from within.  Will our government continue to selectively bail out consumers?  What is the best most effective way to revitalize our country, especially with the latest 9.2% unemployment rate? Stay tuned.  Right now it’s hard to get Democrats and Republicans to agree on anything, they are so worried about posturing and how they look.  They should know by now that many of us taxpayers think they look self-serving and selfish. Let’s move forward, no excuses!

 

Just when you thought it was safe to come out of the WSJ: Subprime Loans are back! What’s the catch? Oh, higher down payments, like 40% and interest rates of 13%….yikes!

 

From the I-knew-that department:  Bank Sales Weigh on Non-Distressed Home Values.  On an average, REOs sold 1Q2011 at a 35% discount compared to non-foreclosure homes.

 

10 Home sale Killers (per bankrate.com):

1.      Dirt

2.      Odors

3.      Old fixtures

4.      Wallpaper

5.      Popcorn acoustic ceilings

6.      Too many personal items

7.      Snoopy sellers

8.      Misrepresenting your home

9.      Poor curb appeal

10.  Clutter

 

But wait, there’s more: 7 Tips for a home sale in a soft market:

1.      Get an appraisal

2.      Pre-inspect before listing

3.      Offer home warranty

4.      Consider cash incentives

5.      Take care of post-move expenses

6.      Remain flexible on price

7.      Explore an auction

 

The latest  MORTGAGE RATES:  30 Year fixed at 4.49% and 5/1 ARMS at 3.05%. Rates are still low and dropped slightly (see what higher unemployment can do!)

 

REAL ESTATE WEATHER REPORT

 

Local updates? We’re hanging in there.  Showings are increasing.  Title companies are busy.  We’re seeing more cash closings and higher down payments. Hard money is available.  Lower end condos still languish; who can get loans (and who will do an under $50K loan?) and is the HOA solvent or need a solvent to clean up?  Some HOA fees are higher than others; some are managed better. Know your numbers.  If you don’t, find someone who does.  Mitigate your risk whenever possible.  Deals are out there.  Many investors are quietly finding them.

 

Seven figure Denver Metro homes are selling briskly and with steep discounts. See how the other half (make that 0.1%) live.

 

Rentals? Right, demand is high, inventory is low; supply/demand dictates higher prices. I have even heard of a two bedroom house renting for over $1000 (I am sure that is the exception, however).

 

Are you staying high and dry?  July is turning out to be one of “those” months that rival monsoons on the other side of our planet.  One of my rentals got soaked this week. I failed to follow up on gutter repair and a 2” gutter gap poured over a poor porch and flooded the basement.  Anti-bacterial chemicals, carpet pad replacement, blowers galore and insurance does not cover “ground water.”

 

We expect to get a couple cheap condos any day now; let us know if you’re on the lookout for a great deal that cash flows.

 

Got your finger on our real estate market pulse? Call us with tips, rumors, conjectures, and cold cases (we’re thirsty!). We appreciate your feedback on Newsletter / Blogs and Breakfast Club (August 13 is our next meet) meetings. Thank you all for your news tips and leads!  If you’re not on our list and want to be, LET US KNOW.  Call, Write, Text, Tweet, Facebook (yeah, it’s a verb!),E-mail, drop by. Thank you for helping us help you!  

 

INVENTORY

A NOTE on inventory: Deals come, deals go. Pay attention, display focus, stay connected, so when that “special” deal appears, you’ll take action.

                                                              

Call us, 303 338-8000, for more information or with questions. FU and ARV are estimates. Actual results may vary (is that small enough?).  We post ‘em when we get ‘em so bookmark or TWITTER or TEXT: Read the side bar (top left). If you don’t want to tweet, follow the instructions and we can send you a text message.  You’ll be notified when we put a new property up onto our website.  Simple. Some of our properties never make it to this blog/newsletter.

 

258 N 6^th Ave. Brighton. HUD.  Buy this 3 bedroom, 2 bath with 1 car detached garage for $60K and do a rent ready fix for $13K, or, fix at $17K and flip at $110K.  Should cash flow over $500 as a rental!

 

3162 W Dakota Ave, Denver.  3 bedroom, 1 bath with carport. Buy this for $55K and fix for $5K gets you a 3/1 that will rent for $900/mo or more. Heated shed (mini chalet) in back.  Also works well as a flip.

 

15501 E 112^th Ave, #21B, Commerce City. NEW, NEW, NEW. 3 bedroom, 3 bathrooms, 2 car attached condo. Builder bailed. Bank wants this gone. Over 2500 sq ft to finish. Buy this for $94K and the fix is up to you. Close to Reunion Golf Course.

 

6691 Albion St, Commerce City. UGLY, UGLY, UGLY but CHEAP.  Buy this 3 bedroom, 2 bath with carport REO for $58K, put new siding on or rent it out on the cheap. Great options. Great deal.

 

Bon Homepetit!

 

John Fisher

www.happycanyongroup.com

303 338-8000

 

QUOTE OF THE WEEK:

“The best way you can predict your future is to create it.”

~Stephen Covey

MIDSUMMER NIGHT’S SCHEMES

I love Summers in Colorado. We nearly always have a 30 degree variation from the day high to the night low.  There’s nothing like an early evening walk to clear the cobwebs and put life in perspective.  It’s a great time to plot and plan your life, your business, to set controls with your goals (I do a quarterly “insanity” check).  Never forget to honor your accomplishments; celebrate your deeds.  Then, focus on what will it take to get you to the next level.

 

RENT vs BUY.  This article includes Moody Analytics on the pro’s and con’s of both. They list the top 49 US markets and state that only 8 favor buying: Atlanta, Chicago, Detroit, Jacksonville, Las Vegas, Orlando, Seattle, and Tampa. Seattle is the only surprise.

 

On a related note,  Down Payment Plan May Price Buyers Out of Market!

 

Zillow kicks it up with major shift in  ZESTIMATE.  They’ve always been “off;” maybe, just maybe, they’ll be “closer to fine.”

 

Bargain or bust? Buying a house as-is, bankrate.com says potential “pitfalls” are

1.       Inspections reveal defects

2.       Repairs are probably, severity is variable

3.       As-is can be costly

4.       Disclosures might be worthless

5.       Buyers must accept risks

When in doubt, don’t do it!  Don’t over exercise your risk muscle.

Forbes delivers  the Next Big Boom Towns in the US: Austin, Raleigh, Nashville, San Antonio, Houston, DC, Dallas, Charlotte, Phoenix and Orlando.  Bank on the boom!

Because you didn’t ask, here’s the  Top 20 Direct Lenders,  commercial real estate, starting with good ole’ Wells.

 

The price of GREED: $20B  that appears to be the settlement to be paid by Wells, Chase and other BIG BAD BANKS for their role in the Mortgage Mambo (or was that the Tarp Tango Tangle?).

Per Equifax, the biggest blocks to economic recovery   is the elusive Shadow Inventory and the plethora of REOs.  No surprise. Can you say “write off?”

 

The latest  MORTGAGERATES : 30 Year fixed at 4.55% and 5/1 ARMS at 3.13%. Rates are still low but slowly creeping up.

 

REAL ESTATE WEATHER REPORT

 

So, what’s going on in our local marketplace? SOSDD. Like a mighty river, it just keeps rolling along.  Rentals rule, inventory evolves, “highest and best” (prompted by lenders listening to brokers and starting, yes, starting, at a low price)is becoming more frequent again.  To the savvy buyer,bargains abound.  Hundreds of HUDs are closing each month. REOs, too.  Investors are banging and clanging as they make their deals into “no brainer” rentals or flips. 

As a wholesaler, I sometimes feel flummoxed with “no brainers.”  These are deals that are very hard to screw up, especially rentals. (I feel stymied by the rental deals no one wants). Cash flows are incredible and the investor marketplace is getting spoiled.  Way back last century (OK, 1999), we were overjoyed to have that SXS duplex in Sloans Lake  at $350K with rent at $2500/mo.  That made sense to many despite negative cash flow (or, at best, break even);appreciation was the rule.  You may lose a few thousand each year in cash flow but you appreciated $20K+/year. Same was true in Boulder and other “desirable” locations. Fast forward to 2011.  New rules. Now most investors demand huge positive cash flows.  Sure, appreciation will come…eventually…some day, but $400-500 or more per month is extraordinary, especially with little or no down payment into that LOW interest loan (investors are still getting 5.5% NOO, and 4% HELOCS on their OOCs). We hear it time and again, the “Perfect Storm.”

WE’RE NUMBER ONE (hold the mayo): Colorado has the smallest percentage of obese residents.  Drop and give me 50! Nothing to be too proud of, we were the only state with a BMI obesity rate under 20%, we were 10.7% in 1995. BTW, 12 states top 30% with Mississippi waddling in at 34.4%.

Thank you Bauer and the Denver Post for 266 Colorado Bank Ratings, just a few days old.

 IT’S THAT TIME OF THE MONTH: Don’t forget ourBreakfast Club tomorrow morning, July 9, 2011, 0700, NY Deli News Restaurant.  We expect another great session of networking, news, needs, notes, and numbers (OK, I’m an aliteraholic).

 Got your finger on our real estate market pulse? Call us with tips, rumors, conjectures, and cold cases (we’re thirsty!). We appreciate your feedback on Newsletter / Blogs and Breakfast Club meetings. Thank you all for your news tips and leads!  If you’re not on our list and want to be, LET US KNOW.  Call, Write, Text, Tweet, Facebook (yeah, it’s a verb!),E-mail, drop by. Thank you for helping us help you!  

 INVENTORY

A NOTE on inventory: Deals come, deals go. Pay attention, display focus, stay connected, so when that “special” deal appears, you’ll take action.

Call us, 303 338-8000, for more information or with questions. FU and ARV are estimates.Actual results may vary (is that small enough?).  We post ‘em when we get ‘em so bookmark or TWITTER or TEXT:Read the side bar (top left).If you don’t want to tweet, follow the instructions and we can send you a text message.  You’ll be notified when we put a new property up onto our website.  Simple. Some of our properties never make it to this blog/newsletter.

 

258 N 6^th Ave. Brighton. HUD.  Buy this 3 bedroom, 2 bath with 1 car detached garage for $60K and do a rent ready fix for $13K, or, fix at $17K and flip at $110K.  Should cash flow over $500 as a rental!

3162 W Dakota Ave, Denver.  3 bedroom, 1 bath with carport. Buy this for $55K and fix for $5K gets you a 3/1 that will rent for $900/mo or more. Has heated shed in back. Also works well as a flip.

Bon Homepetit!

 

John Fisher

www.happycanyongroup.com

303 338-8000

 

QUOTE OF THE WEEK:

” Whatever we think about and thank about we bring about.” ~Dr. John Demartini

 

TENANTS ANYONE?

 

OK.OK.  I’m incorrigible.  A little alliteration (sic, say that 3 times quickly) and a dash of PUNishment  goes a long way. Regardless, this is Landlord Time!  Does it get any better (for landlords, that is)?  Most anywhere in our country, homeowners default and become tenants.  Not by choice(unless you want to get real ethereal) but by economics.

 

Rental prices rise 6.7% as Americans sour on homeownership. Studio units rose 14.3% and 5BR units rose 12.1%.  Supply and demand dictates the marketplace!

 

From the Strange-Bedfellows-Strange Confessions Department:BOA director confesses Countrywide buy was “Worst Deal We Ever Made.”

 

Gosh, are we surprised to hear  mortgage fraud is up 31% 1Q2011?

 

Good news: Home Prices Rise for First Time in 8 Months. Winners: SF, Atlanta, D.C., and Seattle. Losers: Charlotte, Chicago, Detroit, Las Vegas, Miami and Tampa. Denver comes in 6 of 20 with a 4.1% decline year over year. What does that tell you?  We’re not out of the woods, Dorothy!

 

It’s that time again.  Courtesy of realtor.com, we tour the USA metros for properties priced at $30K and below: (BOLD have gone up in past 2 months, note that most have gone down)

 

Atlanta 2,351              Birmingham 663            Dallas 276

Houston 301               Chicago 1,250                 Miami 675

Tampa 800                  Orlando 472                    Detroit 5,699

Phoenix 545                Minneapolis 161            St Louis 761

Kansas City 682         Philadelphia 588            Pittsburg 638 

Baltimore 785             DENVER 24                      Cincinnati 732

Cleveland 1057           Las Vegas 508                Indianapolis 510

Charlotte 259              Nashville 68                    Memphis 575

Milwaukee 341          Oklahoma City 164      New Orleans 98

Omaha 142                 New York 117                Jacksonville 389

Grand Rapids 395     Columbus 591

 

Cheap homes are more susceptible to price drops.Interesting read.

 

Here’s another interesting slice of Americana pie: Best Old House Neighborhoods from those “This Old House” folks.  I didn’t know Denver even had a “Ghost Historic” neighborhood.

Foreclosed homes accounted for 28% of 1Q2011 sales. Hmmm.

 

The latest  MORTGAGERATES: 30 Year fixed at 4.53% and 5/1 ARMS at 3.10%. Still low but rumors running rabid re: rising rates.

 

REAL ESTATE WEATHER REPORT

I know homebuyers are getting loans.  However, more and more I see this lender or that lender decline to lend.  It is unfortunate we don’t have a system in place that specifies lender rules, regulations, AND restrictions.  If the homebuyer would just ask for MY mortgage/broker recommendations, rather than their realtor’s cousin or neighbor who said they could get the loan done.  In 2010 about half of our retail sales saw the retail buyer’s lender unable to get the deal done.  We have a few GO TO “guys” that get the job done.  So the deal is delayed two or more weeks.  How can we stop this madness?(this sounds like Breakfast Club fodder…)

 

This is prime selling time for flippers (”Prime Time for Flippers” sounds like a 1960’s TV series).  Get that house ready and on the market! The sooner you get it listed, the sooner you get it sold. Oh, and it’s prime time for landlords, too. Rentals Rock!

 

Just in case you were not wondering: Colorado Multifamily permits are up 32% in 2011.  Looks like some investors are taking advantage of our rental market shortage.

 

Technology rolls on: I heard from a local investor that Craigslist.org works for old Commerce City.  Their phone is ringing off the hook on a rental listing.  Now if we can just get old Aurora to “tech up.”  I try to use “new fangled” methods and techniques to help my business be more efficient and effective.  I am blessed to have a wonderful Virtual Assistant, Anna, in the Philippines.

 

Maybe it is easy to be green. Denver ranks #5 in the “greenest” major city department in North America.

 

Colorado Foreclosure Hotline just got funded for another two years. The money comes from fines/funds from two naughty banks.  Write this down so you have it when you next talk to a homeowner in trouble: 1.877.601.4673. Not a catchy number but an important one.

Got your finger on our real estate market pulse? Call us with tips, rumors, conjectures, and cold cases (we’re thirsty!). We appreciate your feedback on Newsletter / Blogs and Breakfast Club (July 9 is next) meetings. Thank you all for your news tips and leads!  If you’re not on our list and want to be, LET US KNOW.  Call, Write, Text, Tweet, Facebook (yeah, it’s a verb!),E-mail, drop by. Thank you for helping us help you!  

 

Have a SAFE and SANE HOLIDAY.

HAPPY BIRTHDAY, AMERICA! 

INVENTORY

A NOTE on inventory: Deals come, deals go. Stay engaged, stay focused, stay connected, so when that “special” deal appears, you’ll take action.

 Another NOTE on inventory: we’re VERY close to getting a CHEAP DUPLEX U/C, AND a couple CHEAP CONDOs (OK, one’s a TOWNHOUSE). So close, we may do another special addition later today for your holiday weekend viewing pleasure! Keep your fingers crossed, we’re also close to our first Denver SFH under $20K! Does it get any better???

Call us, 303 338-8000, for more information or with questions. FU and ARV are estimates. Actual results may vary (is that small enough?).  We post ‘em when we get ‘em so bookmark or TWITTER or TEXT:Read the side bar (top left). If you don’t want to tweet, follow the instructions and we can send you a text message.  You’ll be notified when we put a new property up onto our website.  Simple. Some of our properties never make it to this blog/newsletter.

 

1428 Syracuse St, Denver. HUD. Change the dining room back to a bedroom and you have a 2 bedroom, 1 bath with detached 2 car garage. Yours for $51K. Easy $10K rehab to make rent ready or $18K to flip. As a rental this should cash flow over $400.

 

Bon Homepetit!

 

John Fisher

www.happycanyongroup.com

303 338-8000

 

QUOTE OF THE WEEK:

“Watch your thoughts; they become words.

Watch your words; they become actions.
Watch your actions; they become habits.
Watch your habits; they become character.
Watch your character; it becomes your destiny.”~Lao Tzu