Denver Rental Market Tight
June 12, 2008 by Bob Schenkenberger · 2 Comments
The vacancy rate for residential real estate in the Denver area is at a meager 2.7%. The availability of rental property is at the lowest point since 2001!
In Arapahoe County, the vacancy rate is 1.6%.
To view more, as reported by the Rocky Mountain News, click here!
What this means to the Real Estate Investor, is BUY! When there is a large supply for purchase, and small supply for rent, you have a recipe for great returns!
Contact us today for information on becoming a Real Estate Investor!
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.)
Im in the Detroit market and its just the opposite there is so much more supply than demand and the property taxes are sky high that is difficult to cash flow. What I have been doing is selling to tenant buyers they give us a small down payment and they are responsible for everything and at the end of the term which is usually 1 year they cash us out within that time frame they are working with a mortgage broker and credit repair co to improve there scores we only do the tenant buyer route when we know we have a buyer who will be able to get a mortgage in 6 months to a year.
Last year we rehabed over 40 houses and sold to investors, first time home buyers and tenant buyers. This year we are mainly wholsaling.
Antonio,
This is a great environment for the real estate investor right now! It is a 12-18 month window of opportunity, that in hind sight, people will be wondering how they missed it!