FISHER FRIDAY FLYER-DECEMBER 30, 2011

FEAST OR FAMINE

Which is it? It seems we all know people who have lost their jobs and/or homes to foreclosure. It can be rough, especially this time of year when we’re to “be of good cheer.” It’s ironic that we see this “famine” in Denver Metro where we’re in better shape than most of the country: our unemployment is down, state population is growing, job market is growing, housing inventory is way down, rental vacancy is low. The glass is half full and we’re feasting!

TOUR DE CHEAPO USA. You missed me. It’s time. Let’s take a Tour and see what $30K or less can buy, courtesy of realtor.com: (BOLD have gone up in past 2 months) Overall, the market is doing better, fewer cheapsters. For those of you keeping score, “biggest winner,” Philadelphia added 248 more junkers and “biggest loser,” Detroit, “lost” 434 junkers since Oct 28, 2011. Note that only 3 markets added more properties; two reasons, 1, it’s that time of the year; and 2, we may be experiencing an improved market. We’ll know more when we revisit these cities around March 1, 2012.

Atlanta 1,852              Baltimore 604           Birmingham 713
Charlotte 226              Chicago 1,274           Cincinnati 620
Cleveland 1,199          Columbus 499          Dallas 242
DENVER 5                     Detroit 5,048            Grand Rapids 359
Houston 222                Indianapolis 549      Jacksonville 379
Kansas City 698           Las Vegas 332           Memphis 481
Miami 292                    Milwaukee 330        Minneapolis 81
Nashville 51                 New Orleans 102     New York 59
Oklahoma City 126     Omaha 97                 Orlando 338
Philadelphia 923         Phoenix 29                Pittsburg 499
St Louis 724                 Tampa 372                Tucson 57

Since we’re traveling around the country, let’s look at the Top 10 States in Foreclosure Filings, the usual suspects with a few new players. Do you see opportunity?

1.  Nevada           6.  Michigan
2.  California       7.  Florida
3.  Arizona           8.  Illinois
4.  Utah               9.  Ohio
5.  Georgia        10.  South Carolina

Jobs That Died in 2011:

1.  US Postal Carrier
2.  Real Estate Agents
3.  Video Store Clerk
4.  Toll Collectors
5.  Stock Brokers
6.  Newspaper reporters

7 Good Reasons for a Mortgage Refinance:

1.  Lower rate
2.  Convert your ARM
3.  Get mortgage on paid-off home
4.  Cash out equity to consolidate debt
5.  Cash out to buy another property
6.  Consolidate two mortgages
7.  Address family matters

No more lists! Enough! Lists are very popular at year’s end as we summarize and analyze everything. As much as I like Tim Tebow, he is everywhere. Overexposure means your picture is too bright. (I wager Tim Tebow “googlers” will find this blog)

The latest MORTGAGE RATES: 30 Year fixed at 3.96% and 5/1 ARMS at 2.89%. Expect investor (non-owner occ) rates to run about ½ point higher.

REAL ESTATE WEATHER REPORT

Wow, another year went quickly. FHA will continue to fund flips, even less than 90 days. Our MLS inventory continues to decline. Maybe that SELLER’S MARKET is around the corner. We’ve seen a bump in contractor rates and in materials. Great deals are harder to find. The internet continues to grow. I heard that over 90% of buyers now view properties on line. We have so much, maybe too much, information at our fingertips. Analysts will continue to over analyze. We see average flip profits drop as flippers continue to be outbid by the bolders (buy & holders). The uproar over appraisals has died down but not gone away. There are some inherent flaws in a system that screams for an overhaul (and we may see it in 2012!). Note item #2 above, Jobs that Died: Realtors. We’ve been seeing this trend for the past three years. I would not be surprised if the numbers drop 30-40% in 2012. Is real estate a commodity? Can a realtor provide value? Why pay more if I don’t have to? These are big issues facing our industry (and I am not a realtor). Where do we draw the line? Or does the market dictate and correct fees as it does selling prices? There are no easy answers, just discussion fodder on where we’re going in 2012. Personally, I plan to do more flips in 2012 than I did in 2011. I’m just about burned out with rentals (say “whoa”). Oh, and loan officers are following the realtor decline. Is there opportunity? Absolutely (see our $74,5K 2plex below, e.g.). In our backyard? Yes. Oh, and are these issues unique to our local market? No, they are universal.

Interest rates remain very low. We closed on a flip this week with the buyer at 3.785% on a 30 year fixed loan. Hard to beat! We expect interest rates to remain low until the market shows meaningful signs of recovery; most meaningful will be higher employment; get us back to work so we can make money to cover mortgages. I still have a lingering (or is that sneaky) suspicion that the Feds will do something to stimulate home buying. It is ironic to think that may have been the major contributor to the bubble burst; a 20% down payment make for a less risky loan!

Please note to your left, the sidebar, that we’re holding another Rehab Acquisition Workshop in four weeks. We cover the basics and formulas so you can improve your estimating accuracy. Without question, the biggest challenge for investors is WHERE’s THE DEAL (and HOW DO I KNOW IT’S A DEAL?)? Overbidding and underestimating fix up are show stoppers. You must have a baseline understanding of how it works. The value is there and the price is right!

Don’t forget our local real estate investor forum, John Fisher’s Breakfast Club, on LinkedIn.com. It’s easy to register/sign in. Post your question or questions. There’s lots of information and investors eager to share their knowledge!

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 (January 14 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!

INVENTORY : Inventory comes and goes. We’re getting great deals, more cash cow rentals and a flipper or two. We expect more anytime, any day, any place. Keep checking.

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.

4463-4465 Pearl St, Denver. Buy this brick DUPLEX for $74.5K. You should see over $900/mo in gross cash flow on this 2 bedroom, 1 bath Side-by-Side 1.5 Story. Yeah, it’s old, but it’s solid.

8661 Richard Rd, Thornton. This brick “California Ranch” 4 bedroom, 2 bath, 2 car detached garage with a carport is priced at $91K in a neighborhood that currently rents better than sells. This HUD would also make a great Rent to Own. Check it out.

1786 Galena St, Aurora. While not a “true” wholesale, this cute 2 bedroom house is rented for $800/mo with a lease through June, 2012 and tenants want to buy it. With a recent appraisal of $86K, this is a great property for the landlord who doesn’t want the hassle of rehab. Buy this for $76K and expect cash flow of over $400/mo!

Bon Homepetit!

John Fisher

www.happycanyongroup.com

303 338-8000

QUOTE OF THE WEEK:

“It is our choices… that show what we truly are, far more than our abilities.” ~J. K. Rowling

FISHER FRIDAY FLYER-DECEMBER 23, 2011

BUTTON UP YOUR OVERCOAT

OK, it’s cold in Colorado. That will soon change. It always does. Nonetheless, we bundle up to stay warm. The analogy can be drawn as we prepare for next year, we button up to get ready for change, for something we anticipate or expect. Like our wobbling economy. Like more changes in the housing market. Like having a plan for 2012. What’s going to be different next year? What worked? What didn’t? Are you where you expected to be? I certainly did not expect to see our local housing market dry up (see Weather Report below), nor did I expect rent rates jump so dramatically. So use your EOY (end of year) time judiciously, whether you’re taking time off to be with family and friends, or your working hard to put food on the table. Plan, plot, prepare!

I’m not going to take you around the national marketplace this week. No folly, no fodder. We’ll keep this short in deference for the holidays. The only action we’ll see next week will be the retail marketplace: exchanges, closeouts, bargains galore (or, at least, perceived bargains).

The latest MORTGAGE RATES: 30 Year fixed at 3.94% and 5/1 ARMS at 2.84%. Expect investor (non-owner occ) rates to run about ½ point higher. These are historic lows, not hysteric lows.

REAL ESTATE WEATHER REPORT

So our local housing market is drying up. I just heard that as of 1 December, we’re down to 12,500 residential listings (SFH and condos), a huge drop that continues to fall. We may soon reach the point where we can officially label it a SELLER’S MARKET. A few things still need to change…like buyers buying homes, and ubiquitous competition rather than selective buyer bidding wars. The under $85K market sale price has grown almost 20%, as well. It appears we’re on our way to some type of recovery. Again, we’re ahead of most of the country.

Breakfast Club Forum. If you haven’t already, it’s free to register. Check out the link and see what investors are discussing. Need a specialist, realtor, handyman? Post it on the LinkedIn forum board.

Coming soon: Rehab Acquisition Workshop January 21 and 22. Emphasis is on two core competencies: estimating fix up costs and estimate fair market value. We’ll have lots of content and tools to help you succeed. Register today! Even if you know a lot, there’s always something….

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 (next breakfast is Jan 14, 2012) 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 : Inventory is low but we’re expecting some end of year bargains soon. Keep checking.

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.

8661 Richard Rd, Thornton. This brick “California Ranch” 4 bedroom, 2 bath, 2 car detached garage with a carport is priced at $91K in a neighborhood that currently rents better than sells. This HUD would also make a great Rent to Own. Check it out.

1786 Galena St, Aurora. While not a “true” wholesale, this cute 2 bedroom house is rented for $800/mo with a lease through June, 2012 and tenants want to buy it. With a recent appraisal of $86K, this is a great property for the landlord who doesn’t want the hassle of rehab. Buy this for $76K and expect cash flow of over $400/mo!

All of us at Happy Canyon Group and Follow Me wish you a blessed holiday. SAVOR THE SEASON!

John Fisher

www.happycanyongroup.com

303 338-8000

QUOTE OF THE WEEK:

Now, the essence, the very spirit of Christmas is that we first make believe a thing is so, and lo, it presently turns out to be so.” ~Stephen Leacock

FISHER FRIDAY FLYER-DECEMBER 16, 2011

HOME FOR THE HOLIDAYS

There’s no place like home, Dorothy! This is a wonderful time of the year, especially if you have a safe and warm home. Not everyone is so fortunate. I still struggle to believe some people choose to be homeless. We count our blessings as we watch “Holiday Inn,” “ White Christmas,” “It’s a Wonderful Life,” even “Charlie Brown Christmas;” my family reads “’Twas the Night Before Christmas” every year on Christmas Eve. TRADITION. Special holiday meals. I love to use the quiet holiday time to reorganize, reflect, and plan. Start with the end in mind!

December is the slowest month of the year for most real estate markets. Same for rentals. Who wants to move in/out amidst festivities and cold? Oh, it’s not so cold in Florida…or Arizona….

Leave it to Popular Mechanics to feature the World’s 18 Strangest Bathrooms or the World’s 18 Strangest Homes.

Foreclosure Fraud is alive and well. Here are the top fraud states (Nevada’s absence from this list has raised a few eyebrows):

  1. California
  2. New York
  3. Florida
  4. South Carolina
  5. Minnesota

Sure, blame the flippers for the RECESSION! A new fed report says investors inflated home prices and are the main cause of the Housing Bubble and record foreclosures! It’s our fault. The banks are innocent, right? They cite Arizona, California, Florida and Nevada where average house prices doubled from 2000 to 2006. And here I thought investors were keeping the market from further tanking….

Home prices continue to fall. 3Q2011 year over year. Here’s the 10 coldest markets (all with 11% decline or worse):

  1. Mobile
  2. Phoenix          
  3. Allentown
  4. Salt Lake City  
  5. Gulfport
  6. Miami
  7. Rockford
  8. Virginia Beach
  9. Tucson
  10. Akron

The latest MORTGAGE RATES: 30 Year fixed at 3.93% and 5/1 ARMS at 2.85%. Expect investor (non-owner occ) rates to run about ½ point higher. How low will it go???

REAL ESTATE WEATHER REPORT

Showings and sales are very slow right now and should continue until early next year. No surprises. We are cautiously optimistic the new year will bring renewed interest in home buying, especially with low loan interest rates. Investor/landlords are chasing the cheapo junkers under $150K because they cash flow very well. Not so with owner occ in that price range, especially in the under $100K properties. It looks like the sweet spots will be in the $150-300K range where buyers have decent credit and income to sustain the market. We expect sales to pick up next year unless Europe goes awry, or our government does some stupid (subsidies for all, e.g.) as a knee jerk reaction to gain votes but hurts everyone in the long run (sound familiar?).

Denver Metro County Public Trustee auction numbers are declining. I remember going to auctions in early 2000’s, we’d see 20 or so in each county and investors would go after 10-20% of them. By 2009, most counties were running 100 (more or less). Now, in late 2011, those numbers are running around 50. We expect the numbers to continue to decline and settle in somewhere close to those 2002 numbers, maybe 25-30/week. The deals are there if you know what you’re doing!

Breakfast Club Forum. We’ve recently created a new forum for local investors to network and ask/answer questions similar to our Breakfast Club. We’ve had recent discussions of FHA 90 day rule and cheap contractors. If you have any questions, need a specialist, realtor, handyman, etc., post it on the LinkedIn forum board. The forum is free, just register. We’re here to help each other succeed!

Rehab Acquisition Workshop scheduled for January 21 and 22 teaches two real estate investor core competencies: estimating fix up costs and estimate fair market value. Lots of content and tools to help you succeed. Register today!

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 (next breakfast is Jan 14, 2012) 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 : Inventory comes and goes. It’s currently low. We expect more anytime, any day, any place. Keep checking.

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.

8661 Richard Rd, Thornton. This brick “California Ranch” 4 bedroom, 2 bath, 2 car detached garage with a carport is priced at $91K in a neighborhood that currently rents better than sells. This HUD would also make a great Rent to Own. Check it out.

1786 Galena St, Aurora. While not a “true” wholesale, this cute 2 bedroom house is rented for $800/mo with a lease through June, 2012 and tenants want to buy it. With a recent appraisal of $86K, this is a great property for the landlord who doesn’t want the hassle of rehab. Buy this for $76K and expect cash flow of over $400/mo!

Bon Homepetit!

John Fisher

www.happycanyongroup.com

303 338-8000

QUOTE OF THE WEEK:

Give what you have. To someone, it may be better than you dare to think.” ~ Henry Wadsworth Longfellow

FISHER FRIDAY FLYER - Dec. 9, 2011

‘TIS THE SEASON

Don’t forget the reason. We often get caught up in the Holiday Hoopla (no, not basketball), the parties, the merriment, the sales, the festivities, it’s easy to lose perspective of celebration or honor. It’s the season TO BE GIVING, to count our blessings (Thanksgiving’s past), to reflect on the past year as we plan for the coming year (budgets, plans, schedules, forecasts) and what’s going to be different? What’s going to be better? Are you moving forward? Don’t be in such a hurry that you don’t take in the glory, the music, the REASON, why we’re here!

Most notable news is former MF Global CEO Corzine acknowledging misplacement of $1B. Nothing simple about that. Heads will roll (or is that Fed Pen Time?)

So, is it true, as stripper Gypsy Rose Lee said (courtesy of Hans Conreid, Rocky and Bullwinkle): THE END IS IN SIGHT? It’s the Housing Bottom, silly. Kiplinger predicts prices will hit bottom this spring. They report national prices have averaged a 31% drop since 2006 and will drop 2 more points by spring, then a slow rebound of 3-4% into 2013. They go on to report Canadians are buying up Phoenix, Brazillians Miami, and Chinese are buying up California, Vegas and NYC. Don’t forget, the United States is adding almost 3 million people each year, they have to live somewhere! Oh, and condo prices have declined even further (42-45% nationwide).

More good news: Mortgage Delinquencies to Decline in 2012. 2011 decline is at 7% and they predict 2012 will fall 5%. 12 states saw more delinquencies, 38 saw less. Florida and Nevada lead delinquencies while sparse North Dakota sits at the low end.

CNN Money reports on 5 renovations that pay off most:

1. New steel entry door, recoup 102%

2. Garage door replacement, recoup 84%

3. Minor kitchen remodel, 73%

4. Wood deck addition, 73%

5. New vinyl siding, 72%

The latest MORTGAGE RATES: 30 Year fixed at 3.96% and 5/1 ARMS at 2.92%. Expect investor (non-owner occ) rates to run about ½ point higher.

REAL ESTATE WEATHER REPORT

As we near Christmas, our industry continues to slow down. Most schools recess Dec 16. Who wants to buy a house in December anyway? Let’s hope this is the calm before the storm…if Europe doesn’t take us down. Broken record: Denver Metro is faring better than most of our country. Prices are still low and investors are still caught in the squeeze, higher prices for “junkers” and low sale prices. I heard reports that owner occ buyers are down 20% year over year. Stringent lender requirements, lower wages, higher debt to income ratios, low consumer confidence, all point to fewer owner occ buyers. Our local inventory remains very low, as well.

Don’t forget our Breakfast Club tomorrow, Saturday, December 10, 2011 at NY Deli News Restaurant, 7AM. Come a little early to get a good seat. It’s a great event to network and discover what’s going on in our local marketplace: what’s selling, what’s renting, rent rates, rehab contractors, who’s lending, what rates, etc…oh, and a great breakfast, too!

Breakfast Club Forum. We’ve recently created a new forum for local investors to network and ask/answer questions similar to our Breakfast Club. We’ve had recent discussions of sewer scopes and landlord software. If you have any questions, need a specialist, realtor, handyman, etc., post it on the LinkedIn forum board. The forum is free, just register. We’re here to help each other succeed!

See the sidebar as we’ve just announced our next Rehab Acquisition Workshop scheduled for January 21 and 22 in the Denver Tech Center. We’ll be teaching the two basic core fundamentals: estimating rehab costs and estimating fair market value. Lots of content and tools to help you succeed. Register today!

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 : Inventory comes and goes. It’s currently low. We expect more anytime, any day, any place. Keep checking.

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.

8661 Richard Rd, Thornton. This brick “California Ranch” 4 bedroom, 2 bath, 2 car detached garage with a carport is priced at $91K in a neighborhood that currently rents better than sells. This HUD would also make a great Rent to Own.

Bon Homepetit!

John Fisher

www.happycanyongroup.com

303 338-8000

QUOTE OF THE WEEK:

“Kindness gives birth to kindness.” ~ Sophocles

FISHER FRIDAY FLYER-DECEMBER 2, 2011

LIFE IS A DIY PROJECT

Do IT YOURSELF! You can do anything if you put your mind to it. Take control and make it happen. IF NOT YOU, WHO? Some projects can take a lifetime. As a property renovator (rehabber), I must do something, maybe even one thing, myself. Often it’s landscaping because I enjoy it. It feels great knowing I had some part of the rehab project other than the “investor/owner.”

This is my favorite time of the year to rehab: holiday cheer, no rush to get the work done since this is the slowest sale month and the slowest rental month, no landscaping, no lawn mowing (contractor shovels the snow), and, best of all, the house is ready to sell or rent in January/February when the market starts to pick up. Oh, for the bonus round, we get great deals from the banks as they want their junkers off the books by year’s end (see our latest wholesale inventory below).

Looking for the perfect stocking stuffer for the person who has everything? Buy a house… but you could buy them a sprinkler head hide a key. The only “catch” is that you must make sure the property has a sprinkler system!

Now, let’s get POLITICAL! OCCUPY WALL STREET and its offspring have touched a nerve throughout our country. While I do not agree with their tactics, I do agree that our country needs help, especially LEADERSHIP and DIRECTION. I agree with the basic concept of THROW THEM ALL OUT. Our Congressmen get rich and are self-serving. Serving our country is a privilege. Somehow, somewhere we got detoured: president, congress, court. The price we pay for freedom must make a difference in people’s lives.

Now here’s a surprise: Five Major US Banks Accused of Deceptive Foreclosure Practices. It is never ending. Greed glares again.

Holiday Foreclosure Moratorium for Fannie and Freddie: no foreclosures December 19 to January 2. It sounds like someone wants vacation time. Maybe it should be furlough time.

Renting out REO properties would be a drop in the bucket — it wouldn’t clear much of the housing inventory and wouldn’t ease rising urban rents, but it would help shore up neighborhoods where housing prices took the biggest slide, and that makes it worthwhile.”

Median home values trend lower, sales rise. Check the link for Top Fallers and Top Risers! The major surprise is that Illinois, Pennsylvania, Ohio, Florida, and Mississippi have cities on both lists. What is that saying about our economy and housing? Jackson and Gulfport aren’t THAT far away, nor are Peoria and Rockford. Local pockets, local economies really make a difference. Outliers abound!

The latest MORTGAGE RATES: 30 Year fixed at 4.02% and 5/1 ARMS at 2.93%. Some lenders continue to offer 30 year fixed under 4%. Expect investor (non-owner occ) rates to run about ½ point higher.

REAL ESTATE WEATHER REPORT

Denver Metro continues to fare better than most US markets. The worst may be over for Denver: new home market picking up. Demand will remain soft through the next month or two. We keep waiting for retail prices to rise. We’re seeing that already, especially in bottomed-out markets (Old Aurora/80010 and Commerce City/80022); you really can’t get much lower. Same is true in a few select Denver ‘hoods.

That being said, I had another interesting experience the other day viewing a property as the sun was setting: neighbors hacking and smoking crack, ladies of the evening just coming out dressed for bear, an inebriated man complaining about crack heads (“why can’t they just get drunk like the rest of us?”). All this keeps me honest…and alert. We live in a big metro area, warts and all. If you haven’t guessed, I was ½ block off Colfax in East Denver/West Aurora, an area that has been affectionately called “Hooker’s Alley” for obvious reasons, not least, local hotel rooms by the hour. There have been improvements but more are needed. I know, people “gotta” live somewhere…’Tis the season.

Just so we don’t get too cocky: Colorado in top 10…states with negative equity, with Greeley leading with 38.1% of properties underwater. Ouch.

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 (December 10 is next). 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 : Inventory comes and goes. We’re getting great deals, more cash cow rentals and a flipper or two. We expect more anytime, any day, any place. Keep checking.

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.

8661 Richard Rd, Thornton. This brick “California Ranch” 4 bedroom, 2 bath, 2 car detached garage with a carport is priced at $91K in a neighborhood that currently rents better than sells. This HUD would also make a great Rent to Own.

1734 Macon St, Aurora. This REO has 3 bedrooms, 1 bath, and 1 car detached garage. Fix to flip around $10K, it has newer windows, hardwood floors, and needs minor kitchen repairs. It’s almost rent ready. Buy this for $75K in a ‘hood that is slowly gaining in value and strong rental (2 blocks from elementary school).

1885 S Quebec Way, #J109, Denver. This REO townhome has 3 bedrooms and 2 baths on 6 levels. Great East Denver neighborhood in Topaz at Indian Creek. Yours for $85.5K with light fix to rent or $10K to flip. Built in 1996, HOA is $186/mo.

6432 W Cedar Pl, Lakewood. This house has its problems: well and septic, master suite remodel done without truss reinforcement, e.g. But it rests on 1/3 acre and is zoned R3 (that’s a triplex for the zonally challenged). Quiet ‘hood, quiet house on a dead end street. Buy this 2 bedroom, 2 bathroom stucco’d house for $89K to fix and flip or rent. Plenty of room for a great addition and garage.

Bon Homepetit!

John Fisher

www.happycanyongroup.com

303 338-8000

QUOTE OF THE WEEK:

“You see, in life, lots of people know what to do, but few people actually do what they know. Knowing is not enough! You must take action.” ~Tony Robbins


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