Colorado Springs Stats January 2023
Wednesday, February 22
Colorado Springs median home price has fallen from $495,000 in June 2022 to $450,000 in January 2023. This is a 9.09 % decline. Some of this may be seasonal. The median sales price has increased 0.9% from December 2022. The craziest stat of all to me is that the Average Days on the Market is now...
Garage Conversion: 10 Things to Consider
Monday, February 20
A garage conversion can be a cost-effective way to add living space to a property and potentially generate income through renting the garage apartment (or living in it and renting out the main house). Here are some considerations for making a garage conversion into a good apartment: 1. Local Perm...
5 Tips on Finding an Investor Friendly Agent
Monday, February 20
Most Realtors will claim to be "investor friendly". But how do you know for sure? And how can you make sure they are actually the best person to guide you through the process of buying your real estate investment? Here are some tips for finding the right investor-friendly realtor for you: 1. Go...
5 Ways to Find Tenants
Monday, February 13
Here are some steps you can take to find tenants for your rental property: 1. Use online listing platforms: One of the easiest ways to find tenants is to list your property on online platforms such as Zillow, Craigslist, and Apartments.com. These platforms can give you exposure to a large pool of...
PMI and Why You Should Embrace It
Monday, February 06
Are you tired of hearing about how you need to put down 20% on a house to avoid pesky Private Mortgage Insurance (PMI)? Yeah, me too. I mean, who has that kind of cash just lying around these days? But here's the thing: all of this talk about avoiding PMI is kind of missing the point. Sure, it's...
5 Ways House Hacking Makes You Money
Thursday, February 02
Here are the five ways that house hacking makes you money and a great return on your investment. Leveraged Appreciation One way to achieve a high return on investment with house hacking is through leveraged appreciation. By putting down a small down payment and financing the rest of the purchas...