Explore Lone Tree, CO
By Brian Burke, Broker & Advising Expert-Denver Luxury Real Estate
(Kenna Real Estate)
Comments 0
Lone Tree CO Churches Relocating or new to Lone Tree? Looking for a church or a place of worship in Lone Tree CO?Below is a compiled list of churches in Lone Tree for your information.Cornerstone Baptist Church9941 Lone Tree ParkwayLone Tree, CO 80124303-799-9575Jubilee Fellowship Church9830 Lone Tree ParkwayLone Tree, CO 80124303-738-9416Lone Tree Community Church(same address as above - 9830 Lone Tree Parkway)303-380-3285Word of Life Christian Church8700 Park Meadows DriveLone Tree, CO 80124303-798-1203Church of Jesus Christ of Latter Day Saints - Daniels Park Ward7471 Timberline Rd303-792-5458Rocky Mountain Community Church is Lone Tree CO10345 Park Meadows Drive (in Marriott Hotel)Littleton, CO 80124 (still considered to be in the Lone Tree area)720-528-9269Pax Christi Catholic Chur...
By Brian Burke, Broker & Advising Expert-Denver Luxury Real Estate
(Kenna Real Estate)
Comments 3
Lone Tree Real Estate Heritage Hills Market Report Dec 08 In December one home sold in Heritage Hills in Lone Tree. Three homes are currently under contract (pending). December 2008 Sold Home Stats* Orig. Listing Price $749,900 Net Sold Price $600,000 % of List Price 80% Price per sqft (psf) $205/sf Days on Market (DOM) 225 DOM = Days on Market ~ Residential Homes only Here is a graph of the number of homes sold in Heritage Hills per month 17 homes sold in Heritage Hills in the last 6 months. These homes could be used as comparables when estimating the value of a home in Heritage Estates. There are other variables as to why a particular home may or may not be a work as a comparable. These variables may include style of home, square footage, location, condition of home, number of car spa...
By Brian Burke, Broker & Advising Expert-Denver Luxury Real Estate
(Kenna Real Estate)
Comments 1
Lone Tree CO Real Estate Heritage Estates Market Report Dec 08In December no homes sold in Heritage Estates Luxury Homes gated community in Lone Tree CO. One home is currently under contract. Two homes sold in Heritage Estates in the last 6 months. These homes could be used as comparables when estimating the value of a home for a home in Heritage Estates. Average Original List Price $2,142,500 Average Net Sold Price $1,879,000 Average % of List Price 87.5% Average Days on Market (DOM) 191 Average Price per square foot (psf) $395/sf Thirteen homes are currently on the market in Heritage Hills. 12 of the 13 homes have been on the market for more than 150 days.No new listings came on the market in December. The price range of the available homes varies from $999,000 to $3,490,000. The pric...
By Brian Burke, Broker & Advising Expert-Denver Luxury Real Estate
(Kenna Real Estate)
Comments 1
Lone Tree CO Real Estate Carriage Club Market Report Dec 08In December no homes sold in Carriage Club in Lone Tree CO and one home is currently under contract. 12 homes sold in Carriage Club in the last 6 months. These homes could probably be used as comparables when estimating the value of a home or doing an appraisal in Carriage Club. There are other variables as to why a particular home may or may not be a good fit when doing comparables. These variables may include style of home, square footage, location, condition of home, number of car spaces, etc. Average Original List Price $538,683 Average Net Sold Price $496,787 Average % of List Price 92.2% Average Days on Market (DOM) 84 Average Price per square foot (psf) $161/sf Currently there are 13 homes for sale in Carriage Club. Two h...
By Chuck Kane
(Your Castle Real Estate)
Comments 1
Investing in Real Estate 9 - Scrapes, Pops and New Construction This blog will discuss a type of real estate investment, scrapes, pops and new construction, in the Lone Tree area in Denver.   What this investment is:  Purchasing a small home in an expensive neighborhood that may or may not need work.  The home is bulldozed and a new home or duplex is put on the lot.  Alternatively, the existing home is renovated and more square footage is added on.  A pop-top is adding a second story to an existing home to add more square footage (commonly, a master bedroom suite).   Equity needed:  Being able to document your income and your assets will be critical.  For a commercial loan, your net worth should generally be at least as much as the loan you are seeking.  The good news is that the commer...
By Chuck Kane
(Your Castle Real Estate)
Comments 1
Investing in Real Estate 8 - Condo Conversions This blog will discuss a type of real estate investment, fix and flips, in the Lone Tree area in Denver.   What this investment is:  A synthesis of the fix and flip and rental operations - purchasing an apartment building in a neighborhood dominated by owner occupants, then converting the building from apartment building to condominium.  Often requires renovation of the units to meet the expectations of owner-occupant buyers in that area.  Complex and time consuming, but has wonderful tax advantages compares to fix and flips and often has superior returns to all other asset classes.  Ideally suited for the sophisticated investor with extensive experience.    Equity needed:  Being able to document your income and your assets will be critical...
By Chuck Kane
(Your Castle Real Estate)
Comments 1
Investing in Real Estate 7 - Fix and Flips This blog will discuss a type of real estate investment, fix and flips, in the Lone Tree area in Denver.   What this investment is:  Purchasing a home that needs work.  The scope can range from the basic "paint and carpet" to extensive overhauls to scraping a decrepit property and completely starting over.  Usually does not involve tenants, and the objective is to get in and out of the property as quickly as possible.  Great for beginners with the right skill sets or the willingness to learn.   Equity needed:  With hard money loans (defined in next paragraph), potentially 0% and they'll finance the construction costs, too.  Expect a LOT of strings to be attached.  A small local lender might give you 75% of the purchase price and the renovation ...
By Chuck Kane
(Your Castle Real Estate)
Comments 1
Investing in Real Estate 6 - Lease Options This blog will discuss a type of real estate investment, lease options, in the Lone Tree area in Denver.                        What this investment is:  A lease option (L/O) is Acquiring control of a property (though not necessarily ownership), then leasing the property to a tenant.  The lease is bundled with an option, so the tenant can (but does not have to) purchase the property for a given price within a given time frame.  Again you are seeking a tenant for a property, but usually for a slightly longer term (12-18 months) and frequently (though not always) with the goal that the tenant purchase the property from you at the end of the lease.  If you purchase the property, then it's an easier process; if you find a highly motivated seller to...
By Chuck Kane
(Your Castle Real Estate)
Comments 1
Investing in Real Estate 5 - Large (5+ unit) Apartment Building This blog will discuss a type of real estate investment, large apartment buildings, in the Lone Tree area in Denver.   What this investment is:  Still targeting tenants for 6-12 months at a time, buildings with more than five units are considered "commercial" property.  The loans are more difficult to qualify for, and usually a larger down payment is needed.  Uncommon for the new investor; this is usually what landlords with several years of experience "trade up" to.  Cash flows on larger buildings are more stable than for smaller buildings, and the economies of scale make it practical (and desirable) to hire a property manager to take over most the work for you.  This takes reduces the hassle factor of the landlord process...
By Chuck Kane
(Your Castle Real Estate)
Comments 1
Investing in Real Estate 4 - Small (2-4 units) Apartment Building This blog will discuss a type of real estate investment, small apartment buildings, in the Lone Tree 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 ma...
By Chuck Kane
(Your Castle Real Estate)
Comments 0
Investing in Real Estate 3 - Rental Condo or Rental Home This blog will discuss a type of real estate investment, rental condos or rental homes, in the Lone Tree 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...
By Chuck Kane
(Your Castle Real Estate)
Comments 0
Investing in Real Estate 2 - Assignments This blog will discuss a type of real estate investment, assignments, in the Lone Tree 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 cont...
By Chuck Kane
(Your Castle Real Estate)
Comments 0
 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 back...
By Chuck Kane
(Your Castle Real Estate)
Comments 0
Colorado Mortgage Broker Licensing In response to the troubled national real estate market and Colorado's high volume of home foreclosures, efforts have increased to make higher caliber professionals involved in real estate. Licensing, rules and regulations have become more stringent for agents, appraisers, title companies and mortgage brokers.  In regards to mortgage brokers, the below items are mandatory.  No longer can someone open up the Yellow Pages, claim to be a mortgage broker and then be compensated for placing a loan --- what a novel concept.  Before committing to a mortgage broker, please make sure that they are licensed in Colorado by searching for them on the following link:  http://eservices.psiexams.com/crec/search.jsp LicensingAll mortgage brokers conducting business in ...
By Laurie James
(Your Castle Real Estate)
Comments 0
Investing in Real Estate 9 - Scrapes, Pops and New Construction This blog will discuss a type of real estate investment, scrapes, pops and new construction, in the Lone Tree area in Denver.   What this investment is:  Purchasing a small home in an expensive neighborhood that may or may not need work.  The home is bulldozed and a new home or duplex is put on the lot.  Alternatively, the existing home is renovated and more square footage is added on.  A pop-top is adding a second story to an existing home to add more square footage (commonly, a master bedroom suite).   Equity needed:  Being able to document your income and your assets will be critical.  For a commercial loan, your net worth should generally be at least as much as the loan you are seeking.  The good news is that the commer...
By Laurie James
(Your Castle Real Estate)
Comments 0
Investing in Real Estate 8 - Condo Conversions This blog will discuss a type of real estate investment, fix and flips, in the Lone Tree area in Denver.   What this investment is:  A synthesis of the fix and flip and rental operations - purchasing an apartment building in a neighborhood dominated by owner occupants, then converting the building from apartment building to condominium.  Often requires renovation of the units to meet the expectations of owner-occupant buyers in that area.  Complex and time consuming, but has wonderful tax advantages compares to fix and flips and often has superior returns to all other asset classes.  Ideally suited for the sophisticated investor with extensive experience.    Equity needed:  Being able to document your income and your assets will be critical...
By Laurie James
(Your Castle Real Estate)
Comments 0
Investing in Real Estate 7 - Fix and Flips This blog will discuss a type of real estate investment, fix and flips, in the Lone Tree area in Denver.   What this investment is:  Purchasing a home that needs work.  The scope can range from the basic "paint and carpet" to extensive overhauls to scraping a decrepit property and completely starting over.  Usually does not involve tenants, and the objective is to get in and out of the property as quickly as possible.  Great for beginners with the right skill sets or the willingness to learn.   Equity needed:  With hard money loans (defined in next paragraph), potentially 0% and they'll finance the construction costs, too.  Expect a LOT of strings to be attached.  A small local lender might give you 75% of the purchase price and the renovation ...
By Laurie James
(Your Castle Real Estate)
Comments 0
Investing in Real Estate 6 - Lease Options This blog will discuss a type of real estate investment, lease options, in the Lone Tree area in Denver.                        What this investment is:  A lease option (L/O) is Acquiring control of a property (though not necessarily ownership), then leasing the property to a tenant.  The lease is bundled with an option, so the tenant can (but does not have to) purchase the property for a given price within a given time frame.  Again you are seeking a tenant for a property, but usually for a slightly longer term (12-18 months) and frequently (though not always) with the goal that the tenant purchase the property from you at the end of the lease.  If you purchase the property, then it's an easier process; if you find a highly motivated seller to...
By Laurie James
(Your Castle Real Estate)
Comments 0
Investing in Real Estate 5 - Large (5+ unit) Apartment Building This blog will discuss a type of real estate investment, large apartment buildings, in the Lone Tree area in Denver.   What this investment is:  Still targeting tenants for 6-12 months at a time, buildings with more than five units are considered "commercial" property.  The loans are more difficult to qualify for, and usually a larger down payment is needed.  Uncommon for the new investor; this is usually what landlords with several years of experience "trade up" to.  Cash flows on larger buildings are more stable than for smaller buildings, and the economies of scale make it practical (and desirable) to hire a property manager to take over most the work for you.  This takes reduces the hassle factor of the landlord process...
By Laurie James
(Your Castle Real Estate)
Comments 0
Investing in Real Estate 4 - Small (2-4 units) Apartment Building This blog will discuss a type of real estate investment, small apartment buildings, in the Lone Tree 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 ma...

Lone Tree, CO Real Estate Professionals