DO YOU HAVE PMA?

It sounds like a disease. Maybe it is. I’ve been “suffering” with it all my life. Maybe it’s the Kool-Aid. Oh, and it is contagious. POSITIVE MENTAL ATTITUDE, PMA. It’s catching. It’s easy to see, too. I often talk about two types of people in our world and our marketplace, those who say “how can I help” and those that say “you can’t.” Which are you? With which group do you surround yourself? It is so much easier and pleasant to be POSITIVE, to have a WIN-WIN attitude than it is to be a nay-saying dark-clouds-follow-me sky-is-falling Chicken Little. Where’s your energy, your “WHY?” My cup is at least half-full, and often overflowing. What about YOU? What’s written on your bathroom mirror? Bedroom mirror? Refrigerator door? Dashboard of your car? Attitude is everything. Spread it around!

TOUR DE CHEAPO…. Every 60 days or so we take the pulse of American properties via realtor.com to see what $30K or less can buy (BOLD have gone up in past 2 months). Biggest winner: Saint Louis has 157 fewer cheapos; biggest loser: Detroit: nearly 2,000 more…probably an accounting error as they were the winner 60 days ago. Overall, our country is doing better, especially West, NE, and Deep South, and not as well in Midwest and Midsouth.

Atlanta 1,432	Louisville 256
Baltimore 665	Memphis 513
Birmingham 609	Miami 434
Charlotte 304	Milwaukee 313
Chicago 1,644	Minneapolis 80
Cincinnati 687	Nashville 69
Cleveland 1,196	New Orleans 107
Columbus 524	New York 125
Dallas 233	Oklahoma City 146
DENVER 15	Omaha 88
Detroit 4,157	Orlando 468
Grand Rapids 360	Philadelphia 1006
Houston 254	Phoenix 216
Indianapolis 498	Pittsburgh 475
Jacksonville 309	St Louis 806
Kansas City 595	Tampa 518
Las Vegas 429	Tucson 66

Thank Europe and the Fed: Rates stay down, housing market inch up. When our world economy is uncertain, what’s left? Gold and real estate (all that glitters). This is a great time to invest in real property and cut back on the stock market….

Here’s a shocker: Professional Investors Secret: The Best Deals Aren’t Advertised! Atlanta investor Tony Youngs, explains how and why.

How to Attract Thieves: Mind your rubbish, entryways, and exterior lighting (thieves do it in the dark!).

SINK OR SWIM. Zillow recently released their Negative Equity Map. Highest are Southwest and Southeast. Lowest are South Dakota, and Kansas. Plug in your zip code, move your mouse around, and see who’s underwater! In a related report, Half of US Homes are Underwater per HousingPredictor.com.

The latest MORTGAGE RATES: 30 Year fixed at 3.63% and 5/1 ARMS at 2.67%. Expect investor (non-owner occ) rates to run about ½ point higher on non-owner occ loans. (these are BankRate.com reported average rates as of yesterday, Thursday) These rates still are incredibly LOW LOW LOW.

REAL ESTATE WEATHER REPORT

OK, you have the right attitude and the right mindset, now what? Our local market reflects a stingy inventory; networking becomes even more important.

We see signs that more REOs & HUDs will be coming out very soon. Our market will undoubtedly absorb them quickly…if they are priced right. Price is important. Even the cheapos won’t sell if they’re overpriced. Many homeowners are now testing the market. Some fare better with a low price leading to bidding wars. Others sit and sit and sit…You make that call. Don’t forget the appraisal game; they are going up but selectively and slowly. Who said this had to make sense?

I’ve been busy working on exciting opportunities and cannot wait to share them with you. Announcements will be made at our July 14 Breakfast Club. Plan to attend.

57% of Colorado 2012 SFH new construction permits are in El Paso, Douglas, Weld, and Larimer Counties (no fire jokes please!). New builds are up!

Next week we will open up registration for our July 21 Real Estate Shopping Tour (REST) in Denver where we drive you around to view and estimate fix and sale numbers of 6-12 metro area homes.

Call us with tips, rumors, conjectures, deals, and cold cases (we’re thirsty!). We appreciate feedback on Newsletter / Blogs and our Breakfast Club (July 14 is next meeting). Thank you 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 (the verb), E-mail, drop by. Thank you for helping us help you!

INVENTORY: LOW and getting lower. Supply and Demand is dictating higher prices (finally). We have a variety below…and expect more deals to surface anytime.

In case you have not noticed, WHOLESALE RULES continue to change. Our market inventory continues to decline and rules of engagement are being rewritten. Ever fluid and ever changing, we continue to adjust and adapt and keep the faith!

272 Titan St, Aurora. 4 bedrooms, 3 baths, 3 car attached garage. Buy for $127.5K, fix at $20K, ARV at $195K. Great location. Great house. Call us for access.

1613-1615 Chester St, Aurora. TWO houses. Zoned R4. Buy both for $90K. Permits were pulled. Front house can be turned into a 3/1 and the back house is a 2/1. It’s now vacant and scheduled to close by July 9. We expect rent will take in $900-975 & $750-800/mo.

624 Stuart St, Denver, 3 bedrooms, 1 bathroom, 1 car detached garage; rehabbed, ready to rent or sell. This is a discounted retail sale, not a true wholesale. Buy for $120K. Appraised at $140K. Close to light rail. Great rental or rent to own.

8147 S Brook Forest Road, Evergreen. 6-plex. Rented. 9.3% cap. Classic stone “chalet.” Swiss Haus. Lots of character and history. Across the street from the Brook Forest Inn. Now at $299,900. Extensive remodel in 2009. A unique opportunity!

Bon Homepetit!

John Fisher

www.happycanyongroup.com

303 338-8000

QUOTE OF THE WEEK:

“Nothing can stop the man with the right mental attitude from achieving his goal; nothing on earth can help the man with the wrong mental attitude.” ~Thomas Jefferson

CHANGE REACTION

Someone once said that the only thing consistent is inconsistency. They also said that Change is Inevitable. It is. Count on it. Embrace it. PLAN on it. Take advantage of it. Small change, big change. Our marketplace is an excellent example. We’ve just been through a market cycle (11 years…or 14 years, source dependent). I’ve heard the comments, the complaints: this won’t work in my neighborhood, the prices are too high, I can’t make any/enough money on the deal, I’m just a buy high, sell low kind of guy…

NEVER FORGET: this is a marketplace; you make money when it’s going up and you make money when it’s going down. It’s Economics 101. Unfortunately, some people don’t “cotton” well with change. We’re hearing it now as the market continues to improve: the prices are too high, etc. KNOW YOUR NUMBERS. KNOW YOUR BUSINESS. If you don’t, EDUCATE YOURSELF. Network, read, listen, learn, become not just AN EXPERT, become THE EXPERT. . How you respond to this change determines your success. Do you fight it? Question it? Analyze it? Does it really matter to you? Can you ADAPT and ADJUST? Just how resourceful are you? Calling yourself a “SURVIVOR” is one thing, being an “ADAPTOR” is another! I have difficulty finding anything positive about being a “survivor.” OK, you’ve been through “it.” Move on. THRIVE. CHANGE. Find your passion, your purpose, your place! LIVE!

Forbes has identified the top 6 States Most Likely to Boom: North Dakota, Utah, Texas, Virginia, Wyoming, and Colorado. We’re rested, we’re tanned, we’re ready!!! Boom! Boom!!

Tour de Cheapo….next week, don’t miss it as we take tour of our country and count the under $30K houses available in metro markets. It truly is a PROPERTY PULSE.

OK, will mortgage rates go up, down, remain the same? Experts chime in. (Hint, bet on static). Is it time to lock and load?

New Housing Crisis: Not Enough to Buy. Sounds like our local market BUT, this is national. Nationwide, 2.5M properties are for sale, 20% down from last year. Obvious result: higher prices.

Let the wining begin: Lack of Distressed Properties Led to…Drop in Existing Home Sales. Stay tuned. Rumor has it we’re about to witness a rapid release of real estate now that the robo signings are “done.”

The latest MORTGAGE RATES: 30 Year fixed at 3.64% and 5/1 ARMS at 2.68%. Expect investor (non-owner occ) rates to run about ½ point higher on non-owner occ loans. (these are BankRate.com reported average rates as of yesterday, Thursday)

REAL ESTATE WEATHER REPORT

So what kinds and types of changes are we witnessing on the local front. Like people say about our Colorado weather, if you don’t like it, don’t worry, it’ll change quickly. Well, that’s exactly what is happening in our local real estate market. I am not even sure appraisers can keep up with the rapid sale and price increases (in fact, I am sure of it, because we’re seeing many properties above appraisal). Remember, appraisals are based upon PAST SALES; when the market is in rapid transition, appraisals lag behind; eventually they will right themselves…eventually. Someone has to push the envelope, be the trend setter, the outlier. Thank you to those who gave up profits (from pernicious appraisals) so future investors could profit.

I predict this rumor will be confirmed very soon: HUD and banks are about to unleash and release a passel (a posse, a flock, a gaggle) of properties that have been hiding (Shadow Inventory…finally) doing the robo rumba. How will this affect our local market? Again, we believe it will temporarily keep prices from rapid rise but will not cause or create a price downturn, not locally. We’ll see more investor feeding (er…buying) frenzies until the market settles down…just about the time summer fades like a summer tan.

Who’s benefiting in price increases? Denver metro and Fort Collins! There are Colorado communities that are not doing very well; Grand Junction and Pueblo lead the bad boys!

Scratch that itch! Just so you don’t get too complacent and cocky that our market is a bed or roses…Denver #9 for bedbugs. Philly, Cincy, NYC, Chicago, Detroit, DC, Columbus and San Fran are ahead of Denver.

Keep an eye out for our upcoming Real Estate Shopping Tour (REST) in Denver where we drive you around to view and estimate fix and sale numbers of 6-12 metro area homes. Tentative date is July 21.

Call us with tips, rumors, conjectures, deals, and cold cases (we’re thirsty!). We appreciate feedback on Newsletter / Blogs and our Breakfast Club (July 14 is next meeting). Thank you 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 (the verb), E-mail, drop by. Thank you for helping us help you!

INVENTORY : LOW and getting lower. Supply and Demand is dictating higher prices (finally). We have a variety below…and expect more deals to surface anytime.

In case you have not noticed, WHOLESALE RULES continue to change. Our market inventory continues to decline and rules of engagement are being rewritten. Ever fluid and ever changing, we continue to adjust and adapt and keep the faith!

272 Titan St, Aurora. 4 bedrooms, 3 baths, 3 car attached garage. Buy for $127.5K, fix at $20K, ARV at $195K. Great location. Great house. Call us for access.

1613-1615 Chester St, Aurora. TWO houses. Zoned R4. Buy both for $90K. Permits were pulled. Front house can be turned into a 3/1 and the back house is a 2/1. It’s now vacant and scheduled to close by July 9. We expect rent will take in $900-975 & $750-800/mo.

624 Stuart St, Denver, 3 bedrooms, 1 bathroom, 1 car detached garage; rehabbed, ready to rent or sell. This is a discounted retail sale, not a true wholesale. Buy for $120K. Appraised at $140K. Close to light rail. Great rental or rent to own.

8147 S Brook Forest Road, Evergreen. 6-plex. Rented. 9.3% cap. Classic stone “chalet.” Swiss Haus. Lots of character and history. Across the street from the Brook Forest Inn. Now at $299,900. Extensive remodel in 2009. A unique investment!

Bon Homepetit!

John Fisher

www.happycanyongroup.com

303 338-8000

QUOTE OF THE WEEK:

“Because things are the way they are, things will not stay the way they are.” ~Bertolt Brecht

THE TURNAROUND HAS BEGUN

OK, we are now deluged with reports that our housing market is ABOUT to turn the corner. Nationwide, it appears to be true; locally, we’ve turned so fast we’re high-siding on 2 wheels. Locally, we’re on our way up, quickly. It will take a few years for the rest of the country to catch up with us. Meanwhile, there are lots of incredible deals most everywhere. Go out there and do the right thing!

Here’s a surprise: a Harvard report says Market Hinges on Sustained Increase in Employment. Imagine, a relationship between housing and employment.

The national rental market is Still Tightening. More and more are renting than are buying. Overall rental rate is at 35%.

And they are still writing about the Shadow Inventory. Is it elusive? Does it exist? Has it peaked? I know, I know: THE SHADOW KNOWS.

The latest MORTGAGE RATES: 30 Year fixed at 3.67% and 5/1 ARMS at 2.69%. Expect investor (non-owner occ) rates to run about ½ point higher on non-owner occ loans. (these are BankRate.com reported average rates as of yesterday, Thursday)

REAL ESTATE WEATHER REPORT

The beat goes on. Our inventory continues to go quickly. Bidding wars abound. The deals are out there. Broken record warning…if anything, our market continues to heat up. Prices are going up. We’re still seeing a few deals go before they even hit the MLS. Some investors are desperate. We may already be at the point where any delay in closing or delay in listing works to the seller-investor’s advantage…provided they can balance the cost of money with the delay.

Call us with tips, rumors, conjectures, deals, and cold cases (we’re thirsty!). We appreciate feedback on Newsletter / Blogs and our Breakfast Club (July 14 is next meeting). Thank you 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 (the verb), E-mail, drop by. Thank you for helping us help you!

INVENTORY : LOW and getting lower. Supply and Demand is dictating higher prices (finally). We have a variety below…and expect a couple deals to surface anytime.

In case you have not noticed, WHOLESALE RULES continue to change. Our market inventory continues to decline and boxes rules of engagement are being rewritten. Ever fluid and ever changing, we continue to adjust and adapt and keep the faith!

333 S Parfet St.. Lakewood. Fire damaged. 3 bedroom, 1 bath, 2 car detached garage, huge lot. Structural engineer says house is sound, just sooty, smelly, and unsafe. Buy it for $81K.

1613-1615 Chester St, Aurora. TWO houses. Zoned R4. Buy both for $90K. Permits were pulled. Front house can be turned into a 3/1 and the back house is a 2/1. It’s occupied so drive by first, check it out. We plan an investor open house next week, so contact us if you want “in.” For rent, we expect this will take in $900-975 & $750-800/mo.

624 Stuart St, Denver, 3 bedrooms, 1 bathroom, 1 car detached garage; rehabbed, ready to rent or sell. This is a discounted retail sale, not a true wholesale. Buy for $120K. Appraised at $140K. Close to light rail. Great rental or rent to own.

8147 S Brook Forest Road, Evergreen. 6-plex. Rented. 9.3% cap. Classic stone “chalet.” Swiss Haus. Lots of character and history. Across the street from the Brook Forest Inn. Now at $299,900. Extensive remodel in 2009. A unique investment!

Bon Homepetit!

John Fisher

www.happycanyongroup.com

303 338-8000

QUOTE OF THE WEEK: “Action is the foundational key to all success.” ~Pablo Picasso

RECORD LOWS EVERYWHERE

No, not the temperature, it is June, after all. It’s our mortgage interest rates! This is the 6^th consecutive week rates have dropped! Freddie Mac has 30 year average now at 3.67% (don’t forget these are AVERAGES!!!) and 2.94% on 15 year fixed as sales of “gently-used homes” approach two-year highs. This will continue at or near record lows and will spur sales. Some more mature markets (like Denver) will not feel the effect as harder hit markets. Remember, unemployment is still unseasonably high (hovering around 8.2%); there is a direct correlation between our housing market and unemployment!

Your dream buyers are now your dream renters: husband, wife, 2 kids, dog, fishbowl. Surviving the foreclosure debacle is now a common badge to wear. I still blame greed and turning a blind eye. Single family rental growth: Denver 22%. Phoenix 69.8%, Las Vegas 66.5%, San Antonio 48.4%. These are stunning numbers. It appears to be a nationwide landlord’s market! It’s OK to have a renter neighbor (per the above, this is becoming the “norm” in many communities). ‘Hood HOAs are alive and well, just don’t change your oil in the driveway…or park your Harley in the living room…or leave your car parked in the street….

Just in case you were thinking of buying that cheap little retirement getaway in Florida: Nearly 4M Homes at Risk for Storm Surge Damage per CoreLogic. It may not be safe to come out of the water! Where are those land sharks?

The latest MORTGAGE RATES: 30 Year fixed at 3.77% and 5/1 ARMS at 2.68%. Expect investor (non-owner occ) rates to run about ½ point higher on non-owner occ loans. (these are BankRate.com reported average rates as of yesterday, Thursday)

REAL ESTATE WEATHER REPORT

How’s our local market? It’s becoming harder to find great deals, not impossible, just difficult. They are there. Sometimes you have to beat the bush and brush, to do what few are doing, to look where no one else is looking (anyone want a 12 bedroom former hotel in NE Colorado for $65K on 3 acres? How about a 2/1/3 for $24K?). Our market continues to experience rapid change.

This week’s PT (Public Trustee) auction scuttlebutt tells of a winning bidder (not to be confused with a wining bidder) who bought a 3/1/1 basic boring Montbello bungalow (stop me before I alliterate again), sans basement, for $88K and was a grinning winning bidder! My, the changes we see, the places we go.

Shadow Inventory? I see signs that lenders are beginning to release properties they have held off until clear of “official” mischief (re: robo signings). REO realtors have seen their inventory shrink dramatically the past 6 months. While still lower than last year, we’re seeing “worm signs” of activity picking up. One REO realtor expects to put 70 new properties up in the next few weeks! In some communities, lenders worry about flooding the market, diluting the “product.” We have no such worries in our Denver Metro Marketplace. Bring ‘em on! We’ll take ‘em all! Impact? None. They will be easily and quickly absorbed by eager buyers.

As I stated a few weeks back, we are now seeing the phenomena I witnessed 10 years ago: put a house under contract, wait 4 weeks to close, presto! it’s worth $5-10K more (you don’t even have to add water!). I am hearing from rehabbers that are waiving delay penalties and/or encouraging rehab delays as their finished product’s value grows daily. These are strange times. These are exciting times, not for the faint of heart!

INVEST SUCCESS BETA BOOT CAMP is rapidly approaching (next weekend, June 15-16-17). We still have a few seats left. Click the link for more information. This is our hands-on Mentor Program without the hands-on (and without the mentoring); where, unlike our Mentor Program, you DO NOT have to buy and rehab a house. You get the forms, process, systems, and (shhh) secret sauce. Emphasis is on rehab, managing the project, dealing with contractors, etc. Call us with questions.

RENAV DEMO: Happy Canyon Group is sponsoring a free RENAV Demo Class June 13, 2012, 2-4PM, 1776 S Jackson St, Basement Conf Room B. Learn how their foreclosure systems can do the work for you. CLICK HERE FOR DETAILS. You don’t know what you don’t know (I knew that!). Check it out; you can spend time, you can spend money. This is two hours well spent.

Tomorrow, June 9, 2012, marks our June Breakfast Club Meeting. Embassy Suites SE, East Hampden (just a stone’s throw from our old restaurant). We have a large conference room to ourselves. Pick up your blue or red meal ticket at the front desk after 6:15AM. Meeting commences promptly at 7AM. We’ll be discussing our evolving market, flips, rentals, rehabs, auctions, wholesales, where are the deals, etc. Bring your deals, your business cards. BE THE EARLY BIRD, what’s 7 in the morning? It’s THE START! Get up early, feel the energy, the excitement! See you then!

Call us with tips, rumors, conjectures, deals, and cold cases (we’re thirsty!). We appreciate feedback on Newsletter / Blogs. Thank you 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 (the verb), E-mail, drop by. Thank you for helping us help you!

INVENTORY : LOW and getting lower. Supply and Demand is dictating higher prices (finally). We have a variety below…and expect a couple deals to surface very soon.

In case you have not noticed, WHOLESALE RULES are changing. As our market inventory declines and electronic lock boxes increase, rules of engagement are being rewritten as I write this. Ever fluid and ever changing, we continue to adjust and adapt!

OPEN HOUSE: THESE TWO HOUSES WILL BE OPEN FOR INVESTOR INSPECTION FRIDAY JUNE 8 FROM 1 to 3PM.

1613-1615 Chester St, Aurora. TWO houses. Zoned R4. Buy both for $90K. Permits were pulled. Front house can be turned into a 3/1 and the back house is a 2/1. It’s occupied so drive by first, check it out. We plan an investor open house next week, so contact us if you want “in.” For rent, we expect this will take in $900-975 & $750-800/mo.

7800 S Estes St, Littleton. Ken Caryl in-fill, rolling hills. Buy this Builder’s Special for $205K. Fix for $125K and sell for $480K. Unique property. Over ½ acre, 5-12 underground parking spaces. Framing and most rough-ins are done. Use your imagination and make this sizzle!

624 Stuart St, Denver, 3 bedrooms, 1 bathroom, 1 car detached garage; rehabbed, ready to rent or sell. This is a discounted retail sale, not a true wholesale. Buy for $120K. Appraised at $140K. Close to light rail. Great rental or rent to own.

8147 S Brook Forest Road, Evergreen. 6-plex. Rented. 9.3% cap. Classic stone “chalet.” Swiss Haus. Lots of character and history. Across the street from the Brook Forest Inn. Now at $299,900. Extensive remodel in 2009. A unique investment!

UPDATE: For those of you tracking and drooling over our Greeley 4-plex: HUD is returning it back to the bank that wrote the loan: shades of robo signing; someone did not do their homework. It appears it will take a year for zoning and occupancy issues to be resolved. The house will continue to gather dust until these legalities are settled.

Bon Homepetit!

John Fisher

www.happycanyongroup.com

303 338-8000

QUOTE OF THE WEEK: “Age is only a number, a cipher for the records. A man can’t retire his experience. He must use it. Experience achieves more with less energy and time.” ~Bernard Baruch

ARE YOU SMART ENOUGH TO BE AN INVESTOR?

No 5^th Grader jokes. Really, it doesn’t take “smarts” to be a successful investor. It always amuses (and amazes) me to see an Investor/Speaker up on stage going on and on with their successes. How did they get there? What is it they have that I do not? It just makes sense that “anyone” can do it, can be successful…IF…they really “DO IT;” if they really “WANT IT.” If they can apply processes and systems and repeat, duplicate, do it again and again with an occasional tweak along the way. It’s not rocket science. Like the theory behind “the Secret” (a not-so-secret movie about envisioning abundance), you have to “see it” to “be it.” Change your way of thinking. See possibilities, not problems. See opportunities, not obstacles. Maybe it’s the methods, the techniques, how YOU do it. How YOU get it DONE. Let it begin today! Take the first step. Declare what it is you want to do, then DO IT! (OK, my cliché quota is used up, happy now? Note the cool quote below, say that swiftly three times!)

Broken Record time: US Mortgage Rates Hit Record Lows-Again! Freddie hit 3.75 on 30 year fixed and 2.97 on 15 year fixed!

Short Sales Spike 25 Percent, Hitting a Three-Year High. The trade off: REOs down 15%. More and more banks are processing Short Sales because they are less risk and potentially more profitable to the bank. Simple. Money talks (who’s listening?).

Even “the Boss” gets into the act: Bankers Are “Greedy Thieves” as Bruce Springsteen speaks for Everyman.

Who’s got the Abandon Home Blues? B of A demo’d 100 Detroit homes rather than maintain them. Now the City of Birmingham (Alabama) just agreed to scrap (or scrape) 230 abandoned houses. We don’t have a housing shortage; we have a housing distribution problem.

The latest MORTGAGE RATES: 30 Year fixed at 3.76% and 5/1 ARMS at 2.64%. Expect investor (non-owner occ) rates to run about ½ point higher on non-owner occ loans.

REAL ESTATE WEATHER REPORT

OK. Local scene is pretty lean. MLS is now under 8,000 active listings for SFH & Condos. We continue to hear stories of bidding wars all across the board: nice houses, ugly houses, condos, yadda, yadda; all the more reason to be careful, cautious, and concerned. Prices are rising. Interest rates are lowering. What’s not to like? Oh, inventory: right place, right time. We’re not taking steps to obliterate houses (like Detroit and Birmingham). We appear to have a mild housing shortage. Rents remain strong and vacancies are as scarce as T-Rex teeth.

Is this good news or bad news: Colorado tied for 4^th-smallest foreclosure inventory. North Dakota, Wyoming and Nebraska fared “better.”

What a great way to spend Dad’s Day? INVEST SUCCESS BETA BOOT CAMP is coming June 15-16-17. Click the link for more information. This is our hands-on Mentor Program without the hands-on (and without the mentoring); where, unlike our Mentor Program, you DO NOT have to buy and rehab a house. You get the forms, process, systems, and (shhh) secret sauce. Call us with questions.

RENAV demo: we’re sponsoring a free RENAV Demo Class June 13, 2012, 2-4PM, 1776 S Jackson St, Basement Conf Room B. Learn how their foreclosure systems can do the work for you. CLICK HERE FOR DETAILS.

Call us with tips, rumors, conjectures, deals, and cold cases (we’re thirsty!). We appreciate feedback on Newsletter / Blogs and Breakfast Club meetings (Saturday, June 9, 2012 is our next meeting at Embassy Suites SE Denver). Thank you 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 and getting lower. Supply and Demand is dictating higher prices (finally). We have quite a variety below…

Call us, 303 338-8000, for information or 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.

1613-1615 Chester St, Aurora. TWO houses. Zoned R4. Buy both for $90K. Permits were pulled. Front house can be turned into a 3/1 and the back house is a 2/1. It’s occupied so drive by first, check it out. We plan an investor open house next week, so contact us if you want “in.” For rent, we expect this will take in $900-975 & $750-800/mo.

7800 S Estes St, Littleton. Ken Caryl in-fill, rolling hills. Buy this Builder’s Special for $205K. Fix for $125K and sell for $480K. Unique property. Over ½ acre, 5-12 underground parking spaces. Framing and most rough-ins are done. Use your imagination and make this sizzle!

624 Stuart St, Denver, 3 bedrooms, 1 bathroom, 1 car detached garage; rehabbed, ready to rent or sell. This is a discounted retail sale, not a true wholesale. Buy for $120K. Appraised at $140K. Close to light rail. Great rental or rent to own.

431 8^th St, Greeley. 4-plex. 2 2/1s and 2 1/1s. Buy this HUD for $62K. Fix for $45K. Our big problem is zoning. Greeley Planning and Zoning agreed this should be rezoned. We have this on “HOLD” as we work out the details. We have a short list of investors.

8147 S Brook Forest Road, Evergreen. 6-plex. Rented. 9.3% cap. Classic stone “chalet.” Swiss Haus. Lots of character and history. Across the street from the Brook Forest Inn. Now at $299,900. Extensive remodel in 2009. A unique investment!

Bon Homepetit!

John Fisher

www.happycanyongroup.com

303 338-8000

QUOTE OF THE WEEK:

“Action is the real measure of intelligence.” ~Napoleon Hill