As a former realtor and now and one who makes how renovating properties, it depends on the neighborhood you are in. Ranch homes are usually at a premium but are there a lot of them in your area? Do you have a lot of equity in your home? Do you just want to be able to get back what you put into it or do you want to make a profit? Basically,you have to find out what your house is worth now and what it will be worth if you make the improvement. And then decide if you want to go through the hassle and that often depends on how long you are going to stay. I hope that helps some. And be sure to be very very careful about who you choose to do the work - use Angies list or someone you know up personal about there work ethic and quality. Best of luck!! CC... more
Obviously this question was posed awhile ago. Right now, 2014 is a great time to invest. Some of the benefits to investing in real estate are: Cash Flow and Tax Deductions. Westminster is a great area to invest in with the new development of the Westminster Center http://www.westminstercenter.us/ The area is only going to get better!... more
Rentals.com is the best site out there. You have more flexibility with regard to filtering by price, beds, baths, Sq. Ft, price etc. They have more pictures and more info. Craigslist has more adds ( in the Denver market about 400+ per day), but it is tough to have to weed through every and in all of Denver Metro. If you have any further questions please email me anytime at firstname.lastname@example.org.
Carrington Real Estate Services
Metro Denver Home team
It's best to work with a Realtor. We have access to the MLS as well as foreclosure and bank owned properties that you may not find on any web site. Additionally, their are HUD owned properties that may be available...again check with a Realtor. Call me at 720-989-7213 - I am currently working with an investor and get these lists weekly.... more
If you only have the ability to put down 5%, it is likely that your only option will be FHA. Check with your conventional mortgage lender to see what they require...usually it's 20% down to avoid mortgage insurance.... more
I have been seeing a fair amount of price reductions out there. All lenders will appraise the home and prevent you from overpaying for a home, however no one can predict the market and depending on your intended time in a home this is a real risk no matter where you buy!... more
If you are eligible I would recommend looking into a 203k loan in your name. Not only will you get a loan you will be able to negotiate "fixing" things in the purchase price. Please contact me for more information and I would love to put you in touch with a great mortgage banker.