Riverfront (Denver, CO)
By Brian Petrelli, MBA, GRI
(The Brian Petrelli Team - Metro Brokers)
Our team has been receiving several emails and calls asking about Riverfront Denver Condos for sale the past month. While the current demand from homebuyers continues to outnumber the available homes, we continue to watch the active inventory of Denver Condos every day, waiting for properties as they are entered into the MLS. We recently prepared this report for one of our clients, and thought it was worth sharing here.Some of the Key Points: Right now, there are 13 active Riverfront Condos on the market. Right now, there are 672 active Denver Condos on the market. There are Currently 9 under contract Riverfront Condos on the market. There are currently 896 under contract Denver Condos on the market. There are 0 Denver foreclosures on the market. Average prices decreased $6,476.00 over ...
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By Kerry L Klun, Broker/Owner, 321-626-5868
(Palm Realty)
The Historic Moffat Station was designed by Denver architect Edwin Moorman.  Moffat Station is a wonderful example of Georgian Revival Architecture.  It is only one of two remaining original railroad terminals in Denver.  Located in the Historic Lodo Neighborhood of Riverfront, near the rail yards at 2105 15th street, Moffat Station was built by Denver businessman David Moffat in 1902.  Moffat had dreams of building the first railway line directly from Denver to Salt Lake City.  The Denver, Northwestern and Pacific Railroad line to Salt Lake City never became a reality, but Moffat did link a large portion of northwestern Colorado to Denver.  Denver's Union Station remained the main rail station in Denver and still is today.                                                               ...
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By Sally Stoddard
(Your Castle Real Estate)
Investing in Real Estate 4 – Small (2-4 units) Apartment BuildingThis blog will discuss a type of real estate investment, small apartment buildings, in the Riverfront area in Denver.What this investment is:  Purchase of duplex, triplex or quadplex to be rented to tenants, usually for 6-12 month terms.  Usually what the rental home / condo landlords graduate to.  In most markets they cost a little more than a rental home, but are much more likely to cash flow on the average month.  Less cash flow risk; if one unit is empty you have other tenants that still help you with the mortgage payment so it doesn't all come out of your pocket.  Many owners will start to delegate some of the property management tasks to an on-site assistant (typically the most responsible tenant), such as yard maint...
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By Sally Stoddard
(Your Castle Real Estate)
Investing in Real Estate 3 – Rental Condo or Rental HomeThis blog will discuss a type of real estate investment, rental condos or rental homes, in the Riverfront area in Denver.What this investment is:  Purchase of a residential property to be rented out to tenants, usually on a 6-12 month lease term.  This is how most new landlords get started.  You can hire out all of the property management functions, but in many cases you will do many of them on your own.  There are smaller down payment requirements than for larger rental buildings.  The purchase process and financing process is very similar to what you experienced buying the home you live in now.  It's a great way for beginners to get started.Equity needed:  Currently 20% - 25% Downpayment.  In some cases you might be able to do it...
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By Sally Stoddard
(Your Castle Real Estate)
Investing in Real Estate 2 – AssignmentsThis blog will discuss a type of real estate investment, assignments, in the Riverfront area in Denver.What this investment is:  An investor who is interested in Assignments gets a property under contract for an attractive price then assigns the contract to another buyer, usually another investor.  The first investor will be paid a fee for the work.  If you don't have much equity to work with, and/or if your credit power is limited, assignments can be a way to get started in real estate investing.  You will need to have a strong "sales" personality to succeed at it, though. Equity needed:  None, just earnest money.Importance of credit:  Not important, since you are not purchasing the property yourself.Importance of experience with contractors:  No...
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By Sally Stoddard
(Your Castle Real Estate)
 Topic:  Special considerations for Investor loans The talk around the water cooler these days is all about LOANS. Who can get them? At what price? What if I already have a few loans, do I still qualify?  A year or two ago the question was at what price do I get a loan (those were the days!).  Today it is "am I still in the game?"     Here's the deal:  if you have an owner occupied loan and 3 investor loans you cannot buy any more properties and get Fannie Mae / Freddie Mac financing, meaning you can't get a conventional 30-year fixed loan. Now, my hope is that someone reads this and tells me I'm wrong. That would be great!  But as far as I know that is the case.    Where does this leave you?  You can pursue loans that are warehoused by lenders, meaning they are not sold on the backend ...
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By Sally Stoddard
(Your Castle Real Estate)
Topic:  Investor Series:  Why sewer scopes are important  A LOT of agents don't advise their clients to get sewer scopes when they purchase a property. This is a major mistake.  A broken sewer can cost between $3,000 - $10,000 dollars to repair and it only costs $99 ($99Rooter - others are more expensive) to have a tech put a camera down the sewer pipe and videotape the sewer all the way to the mainline. This will tell you  and the-buyer what the condition of the sewer is.    So let's see, we pay to have the furnace inspected but a new furnace will only be about $2,000. We pay to have the roof inspected but that's probably a $4,000 job. So why don't we always inspect the sewer?  One reason is because, let's face it,  Realtors want closings. Many figure if they keep their mouth shut and ...
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Denver, CO Real Estate Professionals