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Rental Market in Parker, CO is Booming!
Jan 6th 12
No Vacancy in Parker, CO Rentals
Looking to rent a home in Parker, Colorado? Better be prepared to act quickly.
I’m receiving daily emails from potential tenants looking desparately for rental homes in Parker, Colorado. Sadly there are just not many available.
Investors take notice. If you have been considering investing in Parker, Colorado real estate now is definitely the time to get off the couch and do something. Sure, rental rates will not always be this great as markets are always fluctuating but why not recoup some serious returns while the market is hot. I have real estate investor generating 20% returns on their rental properties immediatly after closing.
View Homes $100,000 to $200,000 For Sale in Parker.
Single family residential homes for rent in Parker, Colorado are in short demand. Prices to purchases are at levels not seen for 6-8 years. It’s time to get in the game.
Every investor I’ve worked with in the past 4 years has had their newly purchased rental property rented and tenants ready to move in on the day of closing. The shortest lease term I’ve seen lately is 2 years with many investors securing 3 and even 4 year lease terms.
“People are hurting and cannot get loans so they need places to live. Most do not want to go into an apartment with kids in tow. Rental homes are the answer. The only answer. “
Check out the video below – a clip from FOX NEWS.
Hot Real Estate Investment Deals In Parker Colorado
Apr 7th 11
Hot Deals in Parker CO Real Estate
Do you want the “Hot Sheet” with this weeks really awesome investment properties for Parker Colorado? Click Here.
We are currently working on a new program that we will have available soon for real estate investors. We all know that the real estate investor is going to be the saving grace of this massive real estate downturn. Investors are going to buy the properties that regular home buyers will not.
Check back over the next few weeks and feel free to attend one of our workshops. It’s FREE and it will be full of informative information about investment opportunities, techniques and several different ways to make money in this market.
PLEASE Send Steve Email or call me 303-941-4663 if you are remotely interested in attending this event. We are hoping to have something scheduled for the next few weeks but would like to gauge attendance so we secure a large enough place.
Current topic ideas.
- Fix and Flips
- Rentals
- Fix and Flips or Rent.
- Typical fix ups and typical costs associated with fix ups.
- Who does the fix up? We will have a highly seasoned fix and flip contractor on site with before and after photos that will show you real numbers for real jobs.
- 203k Streamline Loans
- Buying in your IRA. Self directed IRA’s are great for buying real estate. How much are you making in you old IRA right now? What if you could draw income from rental properties for life. I have guys making $60,000 a year off rents.
- Any suggestions?
“I’ve had several of my Doctor clients tell me they are sick of losing cash in the stock market. Give me an investment I can make a steady return on and I will take it all day long. “
There is a massive shadow inventory of homes yet to hit the market that the banks are either sitting on or simply have not foreclosed on yet. So will you be a buyer/investor and take part in the easy pickings and make great investments for your financial future or will you be the guy or gal at the party in 10 years saying “boy I could have bought those cheap homes but I didn’t.”
Prices are depressed 8-20+% in some areas so with the foreclosures and short sales hot real estate investment deals are relatively easy to come by.
Vacancy rates across the Denver Metro area are at all time lows. Record lows! Rent prices are up! Interest rates are Low! Homes Prices are low! This is exactly what our parents and every talking head on the NEWS and financial shows all preach is the absolute best time to buy? Your darn right it is. Buy low sell high.
Homes and condos are renting at amazing rates. Homes that were renting for $1,500 to $1,600 a month are now renting easily for $2,000 a month. Condos that were renting for $750 are now renting at $1,000 a month.
Remember all the people losing their homes to foreclosure and short sale still need a place to live. The fact is many of them dread the idea of going back into an apartment. Many of them simply cannot since they now have 2-3 kids. They all need homes.
The unfortunate ones that have lost their homes to short sale or foreclosure are no longer able to buy a home since their credit has been trashed. Most cannot buy a home for at least 3 years. Many cannot buy homes for 5 years.
I have access to amazing contractors for trashed out homes. Access to lenders that know how to complete the loans that can get your up to $35,000 for fix up costs. Lets face it 90% of the so called trashed homes on the market really only need a little cosmetic work to get them back into shape. I rarely see investors spend more than $10,000 to fix up a home to get it ready to rent.
Fix and flips are another possibility. As mentioned above. You can get up to $35,000 to help with fix up costs. Some investors would rather use their own cash and have complete control which is also fine. It’s not difficult to turn a $15,000 profit from a fix and flip property in this market. Many investors are doing much better than that.
I encourage you to call me or send me an email if you are interested. We are going to put this together but we seriously need to se what the community interest level is for this type of presentation.
If you are not interested but know someone that might then email them the link to this article.
Steven Beam is a Realtor, CRS living and working in Parker Colorado.
Real Estate Miracle and it Happend the Day Before Thanksgiving.
Nov 25th 09
Miracle in Real Estate
Miracle? Yep I think so. Investment property miracle is what it really turned out to be. If it wasn’t a real estate miracle it was sure a great deal on a sweet little investment property. 57% of asking price is great in my eyes!
Last week I found a sweet little investment condo for a client of mine. This guy had his eye on a newer condo complex in Parker Colorado for over a year. Last year 1 & 2 bedroom properties were selling for between $90,000 and $110,000 in this complex. Just a little too much to cash flow so we kept watching the prices fall through the summer.
When I called him last week we ran over and looked at 6-8 of the available units and were searching for the best deal. Anyway we ended up finding a 2 bedroom, 1 bath unit without a garage that the bank had begun to make repairs on but had not finished. It came with all the appliances, AC and a nice main level patio which gave the unit double entry access. Perfect for a roomate situation if needed.
The bank was asking $95,000 which we knew was high in any market. He offered them $55,000 and they took the deal straight up. No counter no nothing. We were shocked to say the least. I’ve helped clients get great deals before and been amazed by some of them but this was an all time record.
“That was 57% of asking price!”
I’ll take two please!
Video-SUPER HOT INVESTMENT Condo For Sale in Aurora Colorado
Nov 4th 09
This is 2 Bedrooms, 2 bathrooms and 1091 square feet of TOTALLY remodeled space. This condo is located at 2459 S. Xanadu Way in Aurora, CO 80014. This unit will rent for $925 per month no problem!
PRICE $ 94,000.
MLS # 826824
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