Another Plus for Denver Real Estate Investor’s
May 13, 2008 by Bob Schenkenberger · 2 Comments
There are a number of key factors to consider when investing in Real Estate. One of the most important for the long term thinkers, those who are buying with the intent to hold for a few years (3-5 minimum) is vacancy rates. Vacancy rate is the percentage of units that are empty.
No one wants the cash flow pimp of an empty unit! Cash flow is king, and if the market is saturated with available units, it means the owner/investor will have to eat a monthly payment, or reduce the rent charged to gain a tenant. Both of these options kill cash flow!
These statistics just published by the Rocky Mountain News, continue to show that the vacancy rate in Denver is a positive sign for the Real Estate Investor.
Apartment vacancy rates in the Denver metro area fell to 5.9 percent during the first quarter of 2008, falling from 7.1 percent during the first quarter of last year.
To go along with the tremendous value opportunities in our market, this is a great time for the investor, or wanna-be investor to get into the game!
Please contact us to get more information, as well as, access to our exclusive list of “Wholesale” properties we find for our clients!
Bob has been an active REALTOR for 18 years. During this time, he has closed over 500 transactions, and has been the broker of record for 1000's more. Bob can be reached via email (bob@gethomedenver.com) or phone (303.770.1180.)
I found your blog today and love it, keep up the good work!
Thanks for stopping by!