All Forum Posts by: Norberto Villanueva

@Mitzmichael Sumilang - thanks for posting. Nothing like a financial goal tied to our higher purpose. Build your dream team, stay the course and most importantly, take action!

@Josh Cowan - Albeit on a residential fourplex, Adams Bank and Trust has done great work by me. I would also try First Bank of Colorado. Both have portfolio products. Contact me for info.

^ Runs away with hair on fire

Real estate investing = affording to send your child to college. Real estate investing = hitting your retirement goals. Real estate investing = ____________. You fill in the blank!

Whether you are a new investor looking to get your start or a seasoned investor looking to either grow or diversify your portfolio, real estate investment expert Mike Hills will provide value as he shares his success story and explains how you can get there too.

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@Holly Scott! Great post and, great job! Continued success in your endeavors. 

@Josh Barnett - thanks for posting. You've gotten great advise here. I'd like to expound on the issue of affordability which @Dan Krupa brought up. 

Yes, we are 105 on a scale of 100 for affordability and not nearly as bad as Denver (http://www.bestplaces.net/cost_of_living/city/colo...), but this only tells half the story. The better half lies in above average performance on a range of metrics inclusive of unemployment rate, future job growth, per capita and household and family median income and more (http://www.bestplaces.net/economy/city/colorado/co...), all of which may translate to a better prospect for building long term with Colorado Springs real estate, as indicated in national appreciation rates, where it appears we are in the top three (http://www.estateofmindsites.com/subscriber_new/map.php?user_id=1).

All the best in your endeavors. Feel free to connect.

@Joe Johnson - welcome to BP! You've found a great resource. And, welcome to the wonderfully trying Colorado Springs real estate market! Stuff moves fast around here, so be sure to understand your buy box, rehab and exit strategy and, perhaps most importantly, be ready to pull the trigger when something fits because chances are if you like it, someone else will too. Feel free to connect.

All the best!

@Jenny Bayless - thanks for posting. As you will see from data I just compiled, where it lags in terms of median price and days on market, Fountain makes up for in key areas such as sales price to list price ratio, where it has been at a solid 100% from Jan 2016 - Jan 2017. This correlates nicely to what appears to be a slightly better market for long-term buy and holds, with a 2% higher appreciate rate versus Colorado Springs overall.

Fountain

Median sales price Jan 2017: $225k, DOM: @20

Jan 2016: $199k, DOM: 29

Sales Price to List Price Ratio Jan 2016 - Jan 2017: 100%

Appreciation: 13%

Colorado Springs

Jan 2017 Median Sales Price: $260k, DOM 17

Jan 2016: $234,900, DOM 32

SP/LP: 2016: 99.3%, 2017: 100%

Appreciation: 11%

Hope this helps!

@Kevin Tornes - Thanks Kevin. I look forward to the opportunity.

@Kevin Tornes - not on a national scale. Start out with the respective local chamber of commerce, economic development councils and such.