The Unique Struggles of Being a Real Estate Entrepreneur at 18
Our guest this week is Zach Garfias, an impressive young gentleman who’s a great entrepreneur in real estate. At 18, he was the youngest licensed agent in Colorado to complete a transaction, and from there he’s gone on to successfully flip houses and create several businesses. Now, he’s developing new software that could shake up the market around town. Chris sat down with him to talk about how he got started in real estate and frankly discuss what he’s learned along the way. Listen to the podcast to find out why his new software could be a game changer.
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Maximize Your Return – Why You Should Consult With Envision Advisors Before Listing Your Home
In this deal analysis, agent Lauren Valinoti talks about how she helped her clients evaluate their options and decide whether or not to sell their duplex in Denver in order to buy their dream mountain home. This is a great success story that shows how knowing all of your options and the state of the market can help you make the right decision. Listen to the podcast to find out what they decided to do.
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Colorado Springs Real Estate MLS Market Stats – July 2021
The Colorado Springs MLS trends data for July 2021 is out. Comparing year over year (July 2020 to July 2021) is better than comparing the previous month, because we have defined seasonality trends.
While July continued the trend of few listings and rising price points, the median price increased only slightly and we saw showings per listing decrease to the same level it was for July 2020 (11) which is an encouraging sign. However, the days on market (DOM) is still continuing to increase. Average DOM for July 2021 was 7 compared to 20 for July 2020 and 9 for June 2021.
Listen to the podcast to find out which zip code came in at #1 for hottest in the nation for home sales.
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Denver Real Estate MLS Market Stats – July 2021
The Denver MLS trends data for July 2021 is out. Comparing year over year (July 2020 to July 2021) is better than comparing the previous month, because we have defined seasonality trends.
We are still seeing a seller’s market in Denver but not as extreme. A balanced market in Denver is considered to be an inventory of 24,000 to 30,000 homes. July 2021 showed only 4,000 homes. Active inventory was 30% higher in July compared to June which sounds encouraging for buyers but still 37% lower than July 2020. Days on market came in at 9.
Listen to the podcast to find out what we’re seeing that’s positive news for landlords.
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Comparing Spreadsheet Projections vs Actual Numbers for Your Rental Property
When buying a new property, we use the spreadsheet to determine if a potential purchase makes sense. We use a mix of concrete numbers and projections based on averages and see if that combination is expected to make sense financially. While these projections can give us an idea of how the property will perform, they don’t always perfectly match reality.
Denver Vacancy Rates and Rental Trends
Every quarter, the Apartment Association of Metro Denver publishes its Vacancy and Rent report. Combining vacancy rates and rent prices gives us a picture of the strength of the rental market. Vacancy rates tell us how many rental units are available, and rent prices go up and down depending on that number. Looking at the recently released report for quarter two, we can see that the low vacancy rates and rising rent prices indicate that now is a good time for prospective long term landlords to buy. We looked at the numbers for both Denver and Colorado Springs to give our investors a fuller picture of the Front Range.
Deep-ER Dive – How to Calculate Profits for Your Rental Property
We’re back on track this week with our live Drinks and Deep Dives after our two week break and ready to jump back in with an updated intro, transitions, and graphics. This week, Colorado Springs agent Jenny Bayless joined Chris to talk about vacancy and rental rates as well as do a deep dive on a townhome she bought earlier this year.
They compared the estimates originally calculated when she bought the home to how it’s performing after seven months.
Listen to the podcast to see how reality differed from projections with seven months of actual data.
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New Video Series! Property Walkthrough – Touring a Fourplex in Central Colorado Springs
We are excited to announce a new video series we’re calling “Property Walks” which features Colorado Springs investment real estate expert Jenny Bayless as she walks through rental properties with the investor owners. Jenny will talk pros, cons and give quick analyses for each rental property. You’ll gain unique and valuable insight from the owners themselves who share their successes, regrets and give tips on what to avoid and how to maximize return for rental properties.
In this first episode, the investor gives Jenny a tour of his newest property, a fourplex located in central Colorado Springs. They look at one of the newly renovated vacant units, go over the numbers, and learn what his plans are for the future.
You can find the link to the video in the show notes.
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Colorado Real Estate Internship Opportunities
People often ask me if they can come work for me for free, to just be around, see what we do, and make connections. The lightbulb went off a couple of weeks ago as I was going over all of the people who’d reached out—we should start an internship program, which will bring more structure and help us get projects done.
Our goal is to provide value to you as an organization and for you to provide value to us. I want to network with people and build relationships. Some of these internships will turn into positions with us, some will be deals we do down the road in five or ten years. But this is a great way to learn, network, and work alongside us. Listen to this short podcast to learn about internship opportunities for videography, media, and research.
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Job Posting: Marketing Funnel Expert
We have a job opportunity for a marketing funnel expert, or conversion rate optimization specialist (CRO). Listening to the podcast, you have an idea of who we are and what we do here; we want to take the existing brand and combine it with direct response opportunities. Our focus is on providing great value through content marketing and building a brand. Listen to this short podcast to find out more about this position.
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10X Commercial Real Estate Job Opportunity
One of my biggest goals for 2021 is to expand Envision Advisors into commercial real estate. As I’ve mentioned in previous podcasts, we have a lot of momentum. We’re at a point where we have the right infrastructure to create a job opportunity, do some high level networking, and find a handful of people who are the right fit for Envision Advisors as we expand into this field. Are you a talented person in the commercial real estate space looking for something new? Listen to the podcast to find out more about this incredible opportunity.
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9 Lessons Learned from Investing in Real Estate
A few weeks ago, Chris and Jenny met up and started catching each other up on their families, investing, and goals. As they were talking, Jenny realized that she’s been putting into practice a lot of the things she’d learned over the course of her real estate investing journey. So, she compiled a list of the 9 lessons learned, as well as one thing she always plans for. Real estate investing isn’t easy, but it is simple, and these basic lessons will help make it even simpler.
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