Believe it or not, now is an opportune time to review your real estate portfolio and set goals - short term and long term. I can help. I'd be happy to meet with you to discuss your goals and prepare a report analyzing the current value of your home and other real estate holdings. It might be time for you to consider making a move, venturing into income property or diversifying some of your stock investments into real estate holdings.
In my last e-news, I wrote about the positive near-term outlook for income property in our market. With supply low and demand high for rental housing, rents have increased here and in Denver, and are projected to continue rising until more inventory comes on line over the next several years. Additionally, CU expects a 2011 freshman class that is 7 percent larger than last year, upwards of 5,500 students.Â
I just helped a client purchase a high quality 4-plex in Boulder's Holiday neighborhood - a terrific investment with enormous long-term potential. If you have any interest or questions about investing in rental property, give me a call.
As an investment, the combination of low sales prices, low rates, and increasing rents makes today a great time to buy!
A deep, well-priced inventory is available.
Rents locally have stayed strong. (more from the Daily Camera)
Interest rates are at 50+ year lows.
Cashflows can be positive from purchase (thanks to stable rents, lower rates).
In addition, the recent Fannie Mae change (effective Dec. 11) to allow 100% gift funds for down payments makes it even easier to qualify for the financing.
