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Fix and Flip Denver Homes

Suzanna Von Hurst is your Fix and Flip Denver Homes Expert

By Suzanna Von Hurst | Agent in Denver, CO
  • Colorado 8th Highest Foreclosure Rate in the Nation Making it Prime Time To Buy Denver Rentals!

    Posted Under: Home Buying in Denver, Foreclosure in Denver  |  July 19, 2012 3:17 PM  |  170 views  |  No comments

    Buy Denver Rentals now while you can still get them at a low foreclosure price.  According to The Denver Business Journal, “Colorado had nation’s 8th highest foreclosure rate in first half of 2012, with 21,526 properties with foreclosure filings, or one in every 103 household units, said RealtyTrac, an Irvine, Calif.-based private marketer of foreclosure properties.”

    Buy Denver Rentals that are either short sales, REO properties, or HUD owned and watch them appreciate over time.  Short sales can take a long time to close, but they are very often worth the wait.  If you are a cash buyer of a REO property, then frequently you can close quickly – sometimes within 2 weeks or less time.  On the 31st day that a HUD property is listed (assuming an owner occupant buyer hasn’t purchased the home already), you can have a Realtor place a bid for you.  I have years of experience helping investor buyers like yourself purchase investment properties.  Please don’t hesitate to contact me with your questions.

  • Buying Denver Rentals NOW? Experience Positive Monthly Cash Flow!

    Posted Under: Home Buying in Denver, Foreclosure in Denver  |  July 19, 2012 2:33 PM  |  162 views  |  No comments

    The best time for Buying Denver Rentals is NOW!  According to the Denver Business Journal, “The average asking price for rental housing in the Denver area was up 10.9 percent in June from a year earlier, the third-biggest gain among large U.S. markets in that period and twice the nationwide increase, according to a report Tuesday from Trulia Inc.

    Denver’s rent increases over the 12-month period were exceeded only by San Francisco (up 14.7 percent) and Oakland (up 11.2 percent), according to the quarterly Trulia Rent Monitor report issued by the San Francisco-based real estate information service.”

    When considering Buying Denver Rentals, start by driving neighborhoods.  Drive by various properties at different times of the day to get a good feel for the neighborhood you’ll be investing in Consider how the property values are holding in the neighborhood of your choice.  Eventually, you’ll either need to or want to sell and your payoff will be bigger if you have built up equity.

    I’m happy to answer any questions you have.

  • Denver Investment Properties - What a Sweet Time This is!

    Posted Under: Home Buying in Denver, Foreclosure in Denver, Property Q&A in Denver  |  June 14, 2012 12:24 PM  |  223 views  |  No comments

    Sales are still up and inventory is still down for Denver Investment Properties.  According to The Colorado Division of Housing, “With sales and under-contract listings running more than 20 percent ahead of last year, the Denver market is showing a lot of promise,” said Kirby Slunaker, President and CEO of Metrolist. “And in terms of the past three years, inventory is at an all-time low. I think we might have a very healthy sellers’ market on the horizon.”  This is great news for all the Denver fix and flip investors.  Once you have completed the rehab work on your distressed property, you’re more likely to find a retail Buyer fast.


    Denver Investment Properties are a great way to supplement your cash flow.  When you’re able to buy and sell your flips quickly, then you can do complete more of them each year.  Don’t wait to purchaser them – the price you acquire them will only go up with time.  Please let me know if you have questions.


     
  • Never Want Denver Investment Properties Too Much!

    Posted Under: Home Buying in Denver, Foreclosure in Denver, Home Insurance in Denver  |  June 8, 2012 12:03 PM  |  273 views  |  No comments

    Looking for Denver Investment Properties?  Inventory is down right now, but that doesn't mean you should buy what's in front of you.  Author, Michael Corbett, of Find It, Fix It, Flip It writes, "You found the Downright Ugly House of your dreams...You must have it, right?  Wrong.  It's just a property.  There will be others.  Make your best offer, play it out, but don't ever get attached.  Part of negotiating from a position of strength is being willing to walk away.  If the numbers don't work, let go and keep looking.  There's another deal out there.  If you're stuck on the one that got away, you'll miss it."

    Good Denver Investment Properties are still out there, buy it's worth it to wait around for the right one.  One bad deal can tie you up so much that you're not able to move on to the next one.  When purchasing fix and flips, you're making your money when you buy.  Please let me know if you have questions.

  • Vacancy Rates are less than 2% for Denver Buy and Hold Properties!

    Posted Under: Home Buying in Denver, Foreclosure in Denver  |  May 25, 2012 1:11 PM  |  220 views  |  No comments

    Landlords of Denver Buy and Hold Properties are enjoying collecting rent on their close to full if not completely full rentals.  According to the Denver Business Journal, “Less than 2 percent of the rental homes and condominiums in the Denver metro area were vacant in the first quarter, according to a new study that the Colorado Division of Housing released Thursday…‘With a vacancy rate below 2 percent, you’re essentially dealing with 100 percent occupancy,' Ryan McMaken, division spokesman, said in a news release. 'The vacancies we do see are due to little more than turnover, so this tells us that in most of the metro area, rental homes are filling up and are doing so rather quickly.’”


    Anyone who has been a landlord of Denver Buy and Hold Properties knows that they’re losing money when their vacancy rates are high.  If you have pondered owning a rental, then now’s the perfect time.  You’ll be doing both yourself and potential renters a lot of good.  If the rental you purchase needs a little work, then it’s realistic you could start advertising for potential tenants while the new carpet or paint is being done.  By the time you finish, you could have someone all signed and ready to move in.


    A good way to break into the landlord business is to drive neighborhoods to get a feel for them.  Craiglist and Rentometer are great tools to use when trying to figure out how much you might get per month for your rental.  Please let me know if you have questions.

  • Good News for Denver Investment Properties: Home Prices Inch up 1.1 Percent!

    Posted Under: Home Buying in Denver, Foreclosure in Denver  |  May 25, 2012 12:42 PM  |  226 views  |  No comments

    If you own Denver Investment Properties, then you’ll be happy to hear that prices are increasing.  As The Colorado Division of Housing sites, “According to the LPS Home Price Index for February, released this month, the average house price in the Denver was up 1.1 percent from February 2011 to February 2012. According to the report, the average home price in the Denver area was $232,000 during February 2012, which was up slightly from $230,000 recorded during February 2011. The Denver average price was the 10th-highest average price among the 25 cities surveyed. In Denver, the average price peaked during Jun of 2007.”

    When rents are higher than average on Denver Investment Properties and home prices also increase that makes your role as a landlord even more profitable.  Seeing an increase in home prices is a good sign you will get a greater return on your investment down the road when you decide to sell.

    If you have not yet acquired rental properties, then don’t stress.  Even with prices increasing, this is an excellent time to get in the game.  Please don’t hesitate to contact me with questions you have.

  • Speed is Key When Purchasing Investment Properties Denver!

    Posted Under: Home Buying in Denver, Foreclosure in Denver  |  May 18, 2012 12:28 PM  |  229 views  |  No comments

    Considering purchasing investment properties Denver?  Get in now and accelerate through.  According to Buy it, Fix it, Sell it, Profit! by Kevin C Meyers, “…speed is one of the secrets of success in the rehab business.  Speed in buying, speed in rehabbing, and speed in selling are all very important.  Speed in the buying process is worthy of special mention.  When you’re out in the marketplace looking for bargains, you must be prepared to act quickly in making your offers.  If you dillydally around, someone else is going to scoop it up while you’re still day dreaming!  Be prepared at all times to make offers if the right opportunity presents itself.” 

     

    When purchasing investment properties Denver, this is even more the case now.  Inventory is low, so that means you’re going to have to be faster than your competitors.  Getting your ducks all lined up will really pay off when you submit your offers.

     

    When you’re ready to place your finished product on the retail market, you will most likely experience a speedy sale.  Again, the reason being that inventory is down.  The faster the entire process takes the faster you get paid.  Please don’t hesitate to contact me with questions. 

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