Increasing Cashflow through Self-Management of 3 bedroom 1 bath Colorado Springs Rental
This deal analysis focuses on a single family home in Colorado Springs. Our client leveraged his primary home to purchase two rental properties in the Springs, and this house is his second investment property. He is planning on self-managing the property which is a great way to decrease expenses and increase cashflow. Listen to the podcast to find out how much self-managing will increase his annual cashflow.
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Reaching $10K in NOI through 10 Years of Investing
Having a goal when investing in real estate is vital. It’s hard to create an investment strategy without a goal to work toward, and for many of our clients, reaching $10K a month in net operating income (NOI) is their main goal. We’re not sure if it’s because they’ve heard that figure on the podcast or if it’s just a nice, round number, but it comes up frequently when we talk with our clients.
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Internal Rate of Return: Calculating Annual Expected Return
In this Drinks and Deep Dives show, Chelsea Scott joined Chris in the studio to talk about Internal Rate of Return (IRR). This is a powerful but complex metric for calculating annual expected returns. It’s a dynamic way to measure returns because it considers the time value of money (a dollar tomorrow is worth less than a dollar today) and takes into account all cashflow: initial negative cash outlay (down payment), annual cashflows, and proceeds from the sale. Listen to the podcast to find out how to use this calculation to help you decide whether to buy a property in a cashflow or appreciation market.
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Colorado Springs Real Estate MLS Market Stats – May 2021
The Colorado Springs MLS trends data for May 2021 is out. Comparing year over year (May 2020 to May 2021) is better than comparing the previous month, because we have defined seasonality trends. While May was the same old story of few listings and rising price points, we are starting to feel a sense of relief. Year to date sales prices are up 23%. Listen to the podcast to get our take on whether or not now is a good time to buy real estate.
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Denver Real Estate MLS Market Stats – May 2021
The Denver MLS trends data for May 2021 is out. Comparing year over year (May 2020 to May 2021) is better than comparing the previous month, because we have defined seasonality trends. Although it’s not yet reflected in the stats, agents and buyers are starting to feel a sense of relief about the market. Listen to the podcast to find out how May’s active listings compared to April’s.
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Should I Sell My Rental? An Analysis of 4 Rental Properties and Two Types of 1031 Exchanges
In this Drinks and Deep Dives show, we focused on how today’s market affects the decision to sell a property and trade up to a bigger and better one. We looked at income and rent growth, walked through four scenarios to see if it makes sense to sell, and talked about how to navigate a 1031 exchange. Is now a good time to sell your Denver home or trade up? Listen to the podcast to find out.
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Fourplex in Colorado Springs for $619,000
This deal analysis is for a fourplex in Colorado Springs. This was a great deal for our clients, but it took five months of patience and being in the right place at the right time for them to close on it. Their key strategy is maximizing leverage by taking advantage of low interest rates. Fourplexes were on their radar because it would enable them to acquire the greatest number of units for one loan and ride out the low interest rates. Listen to the podcast to find out why our clients decided they could get the most bang for their buck in Colorado Springs.
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Transitioning from First to Second House Hack
Our guest for this episode is Ben Einspahr who our regular listeners will recognize as the co-host of the “House Hacking Masterminds” podcast. He previously joined me to talk about his first house hack, a three bedroom two bathroom home with a mother-in-law suite over the garage in Arvada. Recently, he and his wife Alyson closed on their second house hack, a new build townhome in Wheat Ridge. We sat down to discuss what the process of transitioning house hacks looks like and to go through the numbers on his new house. Listen to the podcast to hear how house hacking the townhome compares with operating it as a rental.
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The 2021 Guide To Colorado Real Estate Investing Strategies
This is the third edition of our annual guide! Over 30 contributors wrote chapters sharing their investing strategies.
Stocks vs Real Estate and 2 House Hack Deal Analyses
My guest for this live show was one of our top agents, Stacy Rozansky. We looked at housing gains compared to the stock market, analyzed two of her recent deals, discussed different FHA loans, and gave an update on Denver’s new landlord licensing and inspection requirements. Listen to the podcast to find out why using small down payments and leverage is important.
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Montbello Room by Room House Hack
This deal analysis looks at a single family home in Denver’s
Montbello neighborhood. The client is a house hacker who found the perfect setup at a great price. Thanks to a low down payment, his return for this investment is solid.
Triplex House Hack in an Awesome Location in West Wash Park
In this deal analysis, we look at a triplex located near the Wash Park neighborhood in Denver. This historic home features a main house with two units and a carriage house in the back. While the client wanted to use an FHA loan for a cheaper down payment, the high price of homes in Denver made it impossible for her to qualify. But even with 20% down, her returns on this property look great, and she has options to increase them in the future.
