Real Estate News
Have you ever thought about investing in real estate? I ask because it is still a great time to invest.
Over the years, Denver and surrounding neighborhoods – including Douglas County neighborhoods – has become more and more popular for buyers whether they are moving from out-of-state or in-state. It’s a great state for young professionals to start a career, entrepreneurs to start a business or families to raise their children.
Being that inventory continues to be near record lows, with only 6,246 single family homes on the market as of June 30, our state is still a top choice for movers and with more buyers than inventory; there is a lack of for-sale construction – this is where investors can play a part.
If you are considering investing, the fix and flip market is strong for those who can find under-priced homes to buy and repair. They are out there, but it takes patience and work to find them.
Once you get a house fixed up, selling is the easy part because of the lack of competing inventory. The buy-and-hold market will continue to be extremely pro table for long-term investors. Interest rates and vacancy rates are still near record lows and because rent continues to increase – a record 11.4 percent per year the past three years – more people are able to buy than rent.
However, the rental market is still strong and as an investor it’s not difficult to buy a rental property in today’s environment. You can put it on the path to be paid off in 12-15 years. Just think how your life would change if you owned a couple of rental properties free and clear!
For building long-term wealth it’s tough to compete with rental property ownership. That’s the one thing that will never change.
If you are considering investing in the real estate market, I am happy to answer questions, help you start your process and guide you the rest of the way.