All Forum Posts by: Norberto Villanueva

@Tate Donivan - thanks for posting. Have you considered lead generation (door knocking) to search for deals? It's doubtful you'll earn any hourly wage but should be able to make it work on a pay for performance (commission) basis. Just a thought.

@Christopher Carson - thanks again. Yes, CO Springs has quite a few things going that make it an awesome place for your investment capital. I'm not sure what the tail end of your "still find SFR's for..." question is, so I'll attempt to finish it a few ways.

...below market value - yes, but with a severely limited inventory (supply), we are in a strong seller's market which drives up prices (demand) and, there you have it. However, with acceptable projections for income and expenses, it's almost OK to exceed market value when focused on building long term wealth.

...good returns - yes, great? Sometimes. Just have to separate the wheat from the chaff, the cream from the crop well, you know. But there's a fine line to draw here. As folks wait for better days (another crash), areas like Country Club Acres show a 27% Y-o-Y increase over 2016, today. Do the math, and that $400k property this year is theoretically worth $508k the next. So the question becomes, can you afford to wait?!

...building long term wealth - ABSOLUTELY! One of the top markets in the country, our twenty to thirty year projections are strong.

All the best!

@Eric S. - no more worries, for the rest of your days!

@Eric S. - thanks. I look forward to it and will treat you to the best NY style pizza I know. Being from the Bronx, I like to think I know good pizza. You know what I mean?

@Eric S. - thanks for posting. While the Denver market may be plateauing, the Colorado Springs market appears to have quite a bit of upside remaining and is typically two to three years behind. Given the price points in Denver, Castle Rock and surrounding areas, many investors (and agents) are venturing this way unaware of the nuance of the very different markets, making investment decisions relying solely on raw MLS data.

Wherever you choose, make sure to select a seasoned professional with the local experience necessary to responsibly address the nuance their respective market brings. 

All the best!

@Eric Ingersoll - thanks for posting. I'm with the hold crowd. Sure, you can cash in your chips, perhaps do more but, isn't Parker growing like nuts i.e. lots of upside left? Leaving money on the table is no bueno. 

And, "what if told you" that, using leverage you have the potential of acquiring at least 4 times as many income producing properties in Parker, Colorado Springs, wherever, doing really nice things like, reducing your principal balance and tax burden, more tax benefits done right and, never least, appreciation. Some like to call it, "icing on the cake" but, it's not like we can't make a reasonable projection of what it'll be say, 20 - 30 years from now so we prefer to call it, "putting your money to work for you". A little more, please. 

But, never mind the extra. With an increase of about 7% over last year in Denver (https://www.cpr.org/news/newsbeat/colorado-springs...) and no contraction in sight, scheduled rent increases should continue to multiply that $2,600 of mailbox money forever more, or at least until your portfolio review. Heck, it will be $2,782 (might as well go for $2,800) next year alone! 

Done right, holding might just meet the needs of your retirement, children's college education or other financial objectives of your golden years quite nicely, making you appreciate that foreclosure you bought and held in Parker way back when.  

To summarize, if the market has upside, you might want to hold and use leverage to buy more in similarly increasing markets, like Colorado Springs. ;)

@Christopher Carson - thanks for posting. As a real estate practitioner in the Colorado Springs market for a better part of the last 15 years, I can recite the obvious...School District 20 has an excellent reputation overall, the north and southeast quadrants are some of the fastest growing and the southwest is largely quite desirable. But then, there are many fine schools in School District 11 and others to consider. There's also that the downtown and airport (Powers) corridors are picking up steam, along with its real estate. Of course, we have the nation's first Olympic Museum going in and are projected to be its Cyber Security capital, with a central location going into a now blighted area of North Nevada really soon, all of which will affect real estate values in the near future. Oh, and I love the Palmer Park area, where $500k fabulous homes are surrounded by $250k bread and butter properties.

With too many pockets throughout the market to realistically say, my two cents are to determine what your investment criteria are, line up your proof of financing and/or funding capacity and/or to work with a local, investor focused real estate broker that can bring the resources and contacts (boots on the ground) you need to help you source, acquire and even manage your REI efforts.

I hope this helps and wish you all the best!  

@Robert Hudson - of course you can if for only one word, leverage. If one invests $50,000 in stocks, bonds, mutual funds...whatever, how much does one control? That's right, $50,000. Put that same $50k into real estate and how much does one control? Up to the loan limits for owner occupant loan products ($721k in HI), $200k as an investor with 25% down. 

There's also the principal reduction that happens automagically and expense costs that are covered courtesy of carefully selected tenants, not to mention depreciation and other tax advantages. 

@Parker Grissom - thanks for posting. Resist the temptation of focusing on quick cash, wholesale/flipping strategies or at least temper it by simultaneously building long term wealth with rentals when it makes sense to do so, the goal being passive income or mailbox money that you can use for retirement, children's college education, etc. 

To succeed, make sure the potential asset cash flow's TODAY or will do so once the value adds are complete, after projected expenses and debt service. And if investing outside of your own backyard, make sure you understand the long term potential of that market in terms of migration, employment and infrastructure growth and have experienced and qualified boots on the ground to help, including an investor FOCUSED real estate licensee.

Last but not least, keep in mind the Colorado Springs real estate market ranks 15th out of 50 top U.S. markets. :)

All the best!

@Landon Mehlhoff - I hope you are well. Input any address into Trulia and it will display a "Crime Map" which may display the info you seek or you may get it straight from the CSPD here: http://communitycrimemap.com/. 

You will not find the (very subjective) information in the MLS if for no other reason, licensing laws prohibit it.

All the best!