Lenders Becoming More Conservative!
September 9, 2008 by Bob Schenkenberger · Leave a Comment
Fannie Mae has announced that they are lowering the maximum loan-to-value (LTV) ratios for a number of loan types. The three changes that will have the most impact follow: Principal residence, cash-out refinance: Current max is 90%, new max is 85%. This means that if you refinance your primary residence, you can’t get more than [...]
What it’s Like Dealing with Foreclosures & Short Sales
August 25, 2008 by Bob Schenkenberger · 2 Comments
I saw this video, laughed out loud, and immediately though that this is what I feel like dealing with the incompetence among the countries big lenders. Stonewalled and ran around, day after day, their actions and attitudes communicate an overwhelming aire of indifference! [Read examples from previous posts here and here ] If you are [...]
Wholesale Real Estate Makes News – Finally!
August 22, 2008 by Mike Whalen · Leave a Comment
< ![endif]–> If you are a regular subscriber to BlogHomeDenver than this is old news to you; for everyone else, The Denver Post recently published an article touching on some of the incredible deals for investment buyers in the current real estate market. The current credit crisis and difficulties in the national real estate market [...]
Huge Price Reduction
August 22, 2008 by Bob Schenkenberger · Leave a Comment
A good value has become a Great Value! Check out 6180 E. Yale Ave. This great townhome is priced to move at $284,000! Originally priced at $324,900 this is a $41,000 savings. The only other home on the market in the sub-division is priced at $345,000! Click HERE to view property details and on-line presentation!
Digesting the 2008 Housing Recovery Act
August 4, 2008 by Bob Schenkenberger · 2 Comments
I just received a great comment on my last article outlining the 2008 Housing and Economic Recovery Act. There is one big change that effects Seller’s and the amount of capital Gains Tax they may have to pay. Buried deep on page 690 of the 694 page law is an important change to the Capital [...]
Closing Costs vs. Interest Rate…How to Choose?
July 1, 2008 by Bob Schenkenberger · 1 Comment
photo credit: TW Collins Once you feel comfortable that you have a mortgage professional who can advise you, here are some secrets for shopping effectively. First, just like anything else IF IT SEEMS TOO GOOD TO BE TRUE, IT PROBABLY IS. No one has a commodity on rates- interest rates all come from the same [...]
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 [...]
Demystifying Real Estate Investing
June 5, 2008 by Bob Schenkenberger · 2 Comments
photo credit: respres According to The Millionaire Real Estate Investor by self-made millionaire and real estate investor Gary Keller, most successful real estate investors have had to overcome certain beliefs that later proved to be unfounded. Some of these beliefs center around the way they view themselves as investors, and the others are focused on [...]
Investor Properties
May 28, 2008 by Bob Schenkenberger · Leave a Comment
photo credit: cioproject I’m witnessing an interesting trend. Investment property opportunities are much tougher to come by than only a couple months ago! Earlier this year, we were finding 2-3 properties per week that would meet our “Great Deal” or “Wholesale” criteria. That is, a property available for purchase at a price that was at [...]
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 [...]