Category: Loveland Lessons
Livermore Deal: $56,667 Per Bedroom
January 6th, 2009Here's another Livermore property that was submitted by a user that we will use as a teaching tool for our Loveland, Colorado Real Estate Resources real estate investors. The property address, in case you want to look into it in more detail is: 981 Deer Meadow Way, Livermore, CO 80536.
This 3/2.00 1,296 square foot property has an asking price of $170,000, but let's take a moment to do some calculations to see what our actual cost per bedroom would be based on various offer prices (both above asking price and below asking price).
| Price Paid (% of Asking Price) | Price/Bedroom |
| $204,000 (120%) | $68,000/bedroom |
| $195,500 (115%) | $65,167/bedroom |
| $187,000 (110%) | $62,333/bedroom |
| $178,500 (105%) | $59,500/bedroom |
| $170,000 Full Price | $56,667/bedroom |
| $161,500 (95%) | $53,833/bedroom |
| $153,000 (90%) | $51,000/bedroom |
| $144,500 (85%) | $48,167/bedroom |
| $136,000 (80%) | $45,333/bedroom |
As you can see from the table above, if you know that rents in Livermore can support a certain price per bedroom, you can use the information provided above as a starting point for making your offer. Click on the Price Paid above to start your own analysis on this property using our Offer Generator investing tool.
If you were interested in making an offer on a house like the one featured here at 981 Deer Meadow Way, would you know how to evaluate what type of repairs that it may need? If you're not sure, you may want to check out the audio CD Introduction to Property Inspecting and Upkeep For the Beginning Real Estate Investor Volume #1.
Keep on investing Loveland,
James
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Fort Collins Housing: $219.23 Per Square Foot
January 4th, 2009I want to share with you some information about a property in Fort Collins located at 2006 Kingsborough Dr. This particular property is for sale and was submitted by one of our researchers, but I'll be using it as an example. If you want to run your own full investor analysis on this property, you can do that using our Offer Generator.
I am going to do do some calculations on this Fort Collins property. It is a 2 bedroom, 1.00 bathroom property located at 2006 Kingsborough Dr that has an asking price of $171,000.
| Price Paid (% of Asking Price) | Price/Square Foot |
| $205,200 (120%) | $263.08/square foot |
| $196,650 (115%) | $252.12/square foot |
| $188,100 (110%) | $241.15/square foot |
| $179,550 (105%) | $230.19/square foot |
| $171,000 Full Price | $219.23/square foot |
| $162,450 (95%) | $208.27/square foot |
| $153,900 (90%) | $197.31/square foot |
| $145,350 (85%) | $186.35/square foot |
| $136,800 (80%) | $175.38/square foot |
As you can see from the table above, if you know what a typical Fort Collins property sells for on a price per square foot basis, you can quickly use the information provided above as a starting point for making your offer. Click on the Price Paid above to start your own analysis on this property using our Offer Generator investing tool.
By the way, have you ever considered the benefits of meeting with other real estate investors on a regular basis to talk over different investing strategies? Masterminding with other investors is a powerful tool that many successful investors use to stay on top of their game. If you're not already doing it in Loveland, then you should start!
Until my next post,
James
Get priority e-mail notifications of new real estate deals, a FREE real estate course and more real estate investor articles. Click here!
Fort Collins Housing: $38,333 Per Bedroom
January 2nd, 2009We just had a researcher submit some very basic information about a house for sale in Fort Collins to us and I wanted to share that with you. From time to time, I'd like to take a property submitted to us by our users that is for sale and show you how changes in one (or more factors) can affect various aspects of your investing. This particular property submitted for Loveland, Colorado Real Estate Resources is located at 420 Sundance Cir N, Fort Collins, CO 80524.
Since this 3 bedroom, 2.00 bathroom property has an asking price of $115,000, let's take a look at what various offers would mean in terms of price per bedroom. Then you can select the offer price you would like to run further analysis on using the Offer Generator.
| Price Paid (% of Asking Price) | Price/Bedroom |
| $138,000 (120%) | $46,000/bedroom |
| $132,250 (115%) | $44,083/bedroom |
| $126,500 (110%) | $42,167/bedroom |
| $120,750 (105%) | $40,250/bedroom |
| $115,000 Full Price | $38,333/bedroom |
| $109,250 (95%) | $36,417/bedroom |
| $103,500 (90%) | $34,500/bedroom |
| $97,750 (85%) | $32,583/bedroom |
| $92,000 (80%) | $30,667/bedroom |
As you can see from the table above, if you know that rents in Fort Collins can support a certain price per bedroom, you can use the information provided above as a starting point for making your offer. Click on the Price Paid above to start your own analysis on this property using our Offer Generator investing tool.
So you've finally done it - you've put out a ton of marekting and your phone's ringing off the hook. Now what are you going to do? Find out proven systems for dealing effectively with a large volume of leads in Managing Your Motivated Seller Calls. Among other things, you'll learn the benefits of having an automated 24-hour information line. Don't let your leads in Loveland go to waste, check out this audio course today.
Keep on investing Loveland,
James
Get priority e-mail notifications of new real estate deals, a FREE real estate course and more real estate investor articles. Click here!
6.4% Appreciation in Loveland?
December 31st, 2008We just had a researcher submit some very basic information about a house for sale in Loveland to us and I wanted to share that with you. From time to time, I'd like to take a property submitted to us by our users that is for sale and show you how changes in one (or more factors) can affect various aspects of your investing. This particular property submitted for Loveland, Colorado Real Estate Resources is located at 525 W 38th St, Loveland, CO 80538.
In this particular example, let's take a look at what happens to the value of the property over a number of years from appreciation.
| Years From Now | Value |
| Assumed Appreciation Rate: 6.4% | |
| At Purchase | $140,448 |
| Year 1 | $149,437 |
| Year 2 | $159,001 |
| Year 3 | $169,177 |
| Year 4 | $180,004 |
| Year 5 | $191,524 |
| Year 6 | $203,782 |
| Year 7 | $216,824 |
| Year 8 | $230,701 |
| Year 9 | $245,465 |
As you can see from the table above, if we assume an appreciation rate of 6.4% per year, then the property value eventually reaches $245,465 after 10 years.
By the way, did you hear about the new loan restrictions from Fannie Mae and Freddie Mac? The days of obtaining ten investor loans are now over. In addition to stricter requirements, investors can now get only four loans in their name. If you are an active investor, or are planning on becoming one, it's critical that you develop alternate sources for funding your deals in Loveland. Consider hiring a private money coordinator to grease the wheels of your investing in the months and years to come.
Keep on investing Loveland,
James
Get priority e-mail notifications of new real estate deals, a FREE real estate course and more real estate investor articles. Click here!
What Would a 5.6% Appreciation Rate in Loveland Mean?
December 29th, 2008We just had a researcher submit some very basic information about a house for sale in Loveland to us and I wanted to share that with you. From time to time, I'd like to take a property submitted to us by our users that is for sale and show you how changes in one (or more factors) can affect various aspects of your investing. This particular property submitted for Loveland, Colorado Real Estate Resources is located at 1016 Juliana Dr, Loveland, CO 80537.
In this particular example, let's take a look at what happens to the value of the property over a number of years from appreciation.
| Years From Now | Value |
| Assumed Appreciation Rate: 5.6% | |
| At Purchase | $125,664 |
| Year 1 | $132,701 |
| Year 2 | $140,132 |
| Year 3 | $147,980 |
| Year 4 | $156,267 |
| Year 5 | $165,018 |
| Year 6 | $174,259 |
| Year 7 | $184,017 |
| Year 8 | $194,322 |
| Year 9 | $205,204 |
As you can see from the table above, if we assume an appreciation rate of 5.6% per year, then the property value eventually reaches $205,204 after 10 years.
While most of the time when you enter into a contract to buy a property in Loveland, you will not run into any trouble with the seller doing something that would affect your ability to close, there is a small chance they would do something that could prevent you from buying the house. Sometimes filing a simple affidavit could prevent these problems. For more information, see How To File An Affidavit And Memorandum of Agreement.
Until next time,
James
Get priority e-mail notifications of new real estate deals, a FREE real estate course and more real estate investor articles. Click here!
Fort Collins, CO Real Estate Investing - Price Per Bedroom Analysis on Fort Collins Deal
December 27th, 2008Here's another Fort Collins property that was submitted by a user that we will use as a teaching tool for our Loveland, Colorado Real Estate Resources real estate investors. The property address, in case you want to look into it in more detail is: 2231 Karakul Dr, Fort Collins, CO 80526.
This 2/1.80 1,318 square foot property has an asking price of $155,000, but let's take a moment to do some calculations to see what our actual cost per bedroom would be based on various offer prices (both above asking price and below asking price).
| Price Paid (% of Asking Price) | Price/Bedroom |
| $186,000 (120%) | $93,000/bedroom |
| $178,250 (115%) | $89,125/bedroom |
| $170,500 (110%) | $85,250/bedroom |
| $162,750 (105%) | $81,375/bedroom |
| $155,000 Full Price | $77,500/bedroom |
| $147,250 (95%) | $73,625/bedroom |
| $139,500 (90%) | $69,750/bedroom |
| $131,750 (85%) | $65,875/bedroom |
| $124,000 (80%) | $62,000/bedroom |
As you can see from the table above, if you know that rents in Fort Collins can support a certain price per bedroom, you can use the information provided above as a starting point for making your offer. Click on the Price Paid above to start your own analysis on this property using our Offer Generator investing tool.
Do you have potentially motivated sellers who have contacted you about their house in Loveland? Do you know what you will say to them, and more importantly, what you need to say to them in order to discover those really great deals? Listen in on Jassen and Sasha to learn how to build rapport with the seller, how to phrase potentially sensitive questions, and many other critical aspects of talking to motivated sellers on the Audio CD: How to Talk To Motivated Sellers: Role Playing Volume #2.
Sincerely,
James
Get priority e-mail notifications of new real estate deals, a FREE real estate course and more real estate investor articles. Click here!
2.6% Appreciation Rate for Loveland
December 22nd, 2008I want to share with you some information about a property in Loveland located at 2922 Alamosa Ct. This particular property is for sale and was submitted by one of our researchers, but I'll be using it as an example. If you want to run your own full investor analysis on this property, you can do that using our Offer Generator.
In the table below I show what happens to the value with a modest appreciation rate. Can you have years where this (or any other property for that matter) go down in value? Yes. Might it not go up by as much as we are estimating? Yes. Can it go up by more? Yes. Only time will tell what will happen.
| Years From Now | Value |
| Assumed Appreciation Rate: 2.6% | |
| At Purchase | $179,550 |
| Year 1 | $184,218 |
| Year 2 | $189,008 |
| Year 3 | $193,922 |
| Year 4 | $198,964 |
| Year 5 | $204,137 |
| Year 6 | $209,445 |
| Year 7 | $214,890 |
| Year 8 | $220,478 |
| Year 9 | $226,210 |
As you can see from the table above, if we assume an appreciation rate of 2.6% per year, then the property value eventually reaches $226,210 after 10 years.
Are you new to real estate investing and a bit confused by all of the different strategies you've heard of for making money in real estate? Maybe you've heard of such a thing as a bird dog, and are wondering what retrievers have to do with real estate. Worry not - Jassen covers the basics of real estate wholesaling, including bird dogging in his audio CD: Wholesaling Volume 1: Getting Started With Wholesaling. Check out this great way to get involved in your local Loveland market today.
Until my next post,
James
Get priority e-mail notifications of new real estate deals, a FREE real estate course and more real estate investor articles. Click here!
2.5% Appreciation in Loveland?
December 15th, 2008Here's another Loveland property that was submitted by a user that we will use as a teaching tool for our Loveland, Colorado Real Estate Resources real estate investors. The property address, in case you want to look into it in more detail is: 2126 S Custer Ave, Loveland, CO 80537.
In this particular example, let's take a look at what happens to the value of the property over a number of years from appreciation.
| Years From Now | Value |
| Assumed Appreciation Rate: 2.5% | |
| At Purchase | $115,312 |
| Year 1 | $118,195 |
| Year 2 | $121,150 |
| Year 3 | $124,179 |
| Year 4 | $127,283 |
| Year 5 | $130,466 |
| Year 6 | $133,727 |
| Year 7 | $137,070 |
| Year 8 | $140,497 |
| Year 9 | $144,010 |
As you can see from the table above, if we assume an appreciation rate of 2.5% per year, then the property value eventually reaches $144,010 after 10 years.
By the way, we do have a great deal analysis audio CD where Jassen teaches exactly how to look at Loveland real estate deals. It's called 3 Ways to Analyze Deals for Real Estate Investors. In that audio CD and members only password protected website Jassen goes into neighborhood selection criteria and how to select your own neighborhoods, buying houses cash and the formulas we use for structuring offers that way, buying houses subject to the existing financing where you agree to make payments on the sellers existing loans and the offer formulas we use for those plus much more. We even include our Net Operating Income Worksheet for making those offers as well.
Until my next post,
James
Get priority e-mail notifications of new real estate deals, a FREE real estate course and more real estate investor articles. Click here!