All posts by rtradmin

New Listing!! 2287 Falkirk — asking $199,500 — centrally located!

Looking for a purchase home? Look no further than 2287 Falkirk! This amazing home is a must see and an easy commute from Peterson AFB and Ft Carson.

Use me as your agent and receive a military buyer credit towards home upgrades or closing costs.

Call or text me at 719-440-6626 for more information!

Rob

Underwater or in pre-foreclosure on a home? Please read this…

You have options. Don’t “walk away” from a home or let it go to foreclosure. The ramifications of this action can haunt you for years, to include surprises like the people in this article are finding out.

Allowing a home to go into foreclosure does not necessarily absolve you of the debt. The deficiency balance – the difference between the mortgage value and the ultimate sale value of the home – can chase you for years.

This is not legal advice; always consult an attorney or CPA as applicable. However, I can state that you have options in a pre-foreclosure situation.

Call or text me at 719-440-6626 and we can talk about those options.

Rob

Lifehacker: what should a first time home renter know?

While not all inclusive, this checklist is a starting point for renters. To me, the most important tip is this: get the existing damages and needed repairs documented via photo and in writing.

This is an extremely difficult rental market. Don’t lose your security deposit because you didn’t document the move in.

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Questions or have additional resources? Comment/post here!

Rob @ 719-440-6626

Bigger Pockets: 7 Daily Step to a Real Estate Empire

I firmly believe that the most practical way to wealth for the majority of people is real estate. How do we get there? Bigger Pockets offers a few tips.

It can be really tough to get started, from raising the needed capital to finding the right deals. There are options, though, from low money down owner occupant loans to no money down VA loans.

Call, text, or email me and let’s talk options!

Rob @ 719-440-6626 or robthompsonrealtor@gmail.com

From the inbox: do I have to use (a military affiliated bank) to get a VA loan?

Short answer: no.

Longer answer: the VA loan is actually a Veteran’s Administration guarantee on a home loan. It allows a military member to buy a home with no money down and avoid Private Mortgage Insurance (PMI). PMI is insurance on a loan; in the case of a VA loan, the VA is the insurer. Further, most lenders can do VA home loans; you are not locked into using a specific bank or lender. It’s your entitlement and prerogative to compare interest rates and closing costs.

Looking for a lender? Give me a call and we can talk options.

Call Rob @ 719-440-6626 or email robthompsonrealtor@gmail.com

Listing Thursday — 890 S Pulpit Rock S — $225K

This 3 bedroom rancher has an open floor plan, stunning view and a TON of potential! Located near Woodmen and I-25, listing for $225K – this one will go fast! Call Rob @ 719-440-6626 or email robthompsonrealtor@gmail.com.

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From the inbox: What’s a good source that gives me a general rundown on real estate investing?

Good question! This question is a follow on from this post “you mention ‘cash flow’ investing….”

Probably the best general rundown I can recommend as a good starting point is this podcast from Bigger Pockets: The Ultimate Beginner’s Podcast for Real Estate Investors. I am a huge fan of these podcasts and this forum has helped me personally prepare for my investment journey.