Looking to move to Colorado? Give me a ring and lets chat about housing and the area.
From the article: “The benchmark 30-year fixed-rate mortgage (FRM) averaged 3.80 percent with an average 0.6 point for the week. Compare that to a year ago when the average 30-year fixed rate mortgage was 4.37 percent.”
That’s close to what my mortgage rate was 3.5 years ago!
From Bankrate.com, check out this chart that plots the last 3 years of fixed rate mortgages.
This is a great discussion of “What’s your why?” Do you know your “why”? Mine is my family and consumer advocacy. What’s yours?
In case you have any labor type questions!
If your home is like ours, there’s never enough storage. Here are a few ideas to maximize your space!
If you’re looking to buy or sell in Colorado Springs or Denver, give Rob a call at 719-440-6626!
Good question! In our city, we have somewhere around a 96% occupancy rate for rentals (I have heard it quoted as -1% but haven’t been able to validate that yet). This represents a great opportunity to invest in ‘income’ property here (I hope to buy at least one quadplex personally soon).
When I mention “cash flow,” I am specifically talking about the difference between the mortgage on a home and the rent it brings in. For example, a 3 bedroom, 2 bath home in Colorado Springs rents for – on average – $1100. What if you could buy that home with a mortgage of around $800 taxes and insurance included, then rent it out? The spread would be $300. Assuming a $20,000 downpayment, the ROI (Return on Investment) would be 5.5% a year gross. That’s MUCH better than a checking or savings account generates.
What if I don’t have $20K, you may be saying? That’s okay; there are other options from owner occupied quadplexes to partnerships and more.
Questions? Email me at firstname.lastname@example.org or call 719-440-6626.
Also, check out Bigger Pockets “Buying Rental Property.”
Check out this home on Hummingbird Ct; close to USAFA and I-25!