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See Denver Investment Properties Featured Images Tweet Let's Chat I've been helping investors with developments, flips, scrapes, buy and hold cash flowing apartment buildings/homes/condos since 2001.

 

B-R-R-R Your Way To An Investment Portfolio

If you’re looking at building a rental portfolio for both cash flow and future appreciation, think about doing so through the acronym B-R-R-R: Buy-Rehab-Rent-Refinance.

First, I’ll help you find a property in a distressed state, or just one that needs updating. Second, I can refer you to contractors that will come in and quickly renovate the property after your acquisition. Third, either you or a property management company will rent the property at top dollar. Lastly, you’ll either work with a lender to do a cash out refinance, or secure a second mortgage through a HELOC on the property which you can use to purchase your next property to do all over again. Here’s a few photo examples of one of my personal B-R-R-R rentals:

Before:

After:

Denver Investment Properties continue to offer well above average returns, both short and long term. I personally invest in the market and am happy to discuss all investment strategies with you, just reach out via email or the phone.

Let's Chat

I've been helping investors with developments, flips, scrapes, buy and hold cash flowing apartment buildings/homes/condos since 2001. Give me a call at 720-938-4350 to chat, or shoot me an email at BrianMacMillan@Mac.com.

Or feel free to search the properties for sale in the Front Range.

Just Sold: HUGE Appreciation in NE Denver

Just Sold: 3330 Columbine Street, Denver CO 80205
Asking Price: 335k
Sold Price: 352k

Almost 2.5 yrs ago I helped a Buyer looking for a primary residence in NE Denver. I found this client an off market home that needed fix-up for 170k. Two and a half years later, I just sold the same house fully updated for 352k! That is a HUGE amount of sweat equity and shows the power of Denver Investment Properties and working with an agent/Me that specializes on the investment side.

Let's Chat

I've been helping investors with developments, flips, scrapes, buy and hold cash flowing apartment buildings/homes/condos since 2001. Give me a call at 720-938-4350 to chat, or shoot me an email at BrianMacMillan@Mac.com.

Or feel free to search the properties for sale in the Front Range.

Just Sold: Denver Lot Zoned U-TU-C

Just Sold: 4490 Raleigh Street, Denver CO 80212
Zoned: U-TU-C

Recently I found myself in another bidding war representing investors in the Berkeley neighborhood (NW Denver). The lot is zoned U-TU-C, which means you can build a duplex on the lot. My clients are renting out the existing house until they decide to build on the lot in the future. Currently, at least half of the lots in the neighborhood have been scraped with brand new modern duplexes taking their place.

If you’re interested in buying Denver investment properties, or Denver development projects, that is my specialty. Reach out below to discuss further…

Let's Chat

I've been helping investors with developments, flips, scrapes, buy and hold cash flowing apartment buildings/homes/condos since 2001. Give me a call at 720-938-4350 to chat, or shoot me an email at BrianMacMillan@Mac.com.

Or feel free to search the properties for sale in the Front Range.

Just Sold: 5 Unit Denver Apartment Building For Sale

Just Sold: 3127 W 24th Ave, Denver CO 80211

Sold Price: $905,000

I operated as a transaction broker between Buyers & Sellers on this 5 unit Denver apartment building for sale in the Jefferson Park and Sloans Lake areas of Denver.

Let's Chat

I've been helping investors with developments, flips, scrapes, buy and hold cash flowing apartment buildings/homes/condos since 2001. Give me a call at 720-938-4350 to chat, or shoot me an email at BrianMacMillan@Mac.com.

Or feel free to search the properties for sale in the Front Range.

Denver Real Estate Market Update

Recently I was speaking to a client of mine who was distressed about this “crazy new real estate market” and how “prices are just too high these days.” It got me thinking about how important it is that I do everything I can to set the record straight among my clients so they can better recognize where we are in the current market cycle. For folks who are interested in real estate and might be considering buying or selling a property, understanding the big picture is critical. Critical! So here’s where the market stands.

The majority of folks I speak with think this tremendous sellers’ market and super tight inventory is something new and something that’s going to come to a head and suddenly erupt overnight. Neither is true. Here’s the truth: we are SEVEN YEARS PAST THE BOTTOM of our last real estate cycle as you can see clearly from the below graph. Just because the Denver Post is suddenly aware of the real estate market and Zillow writes screeching articles about the tight market in order to sell ad space don’t be fooled into thinking this is something new. It’s not. It is a logical continuation of a market that is reacting correctly to the overselling we saw between 2006 and 2008, dropping 25 percent during that period. It’s doing exactly what real estate market cycles do, go up and go down over long periods of time. But remember, over the past 40 years residential real estate appreciation has averaged about 6 percent per year and there is no reason to think that it is going to change over the next 40 years.

We tend to erroneously think of market cycles in short terms, spiking and crashing over narrow periods of time and generally messing everything up. A quick look at the last market cycle shows clearly this is not how real estate works. Real estate cycles tend to move in much broader periods. Our last market upturn was from1990 – 2007, 17 years! This is why predicting short-term market movements can be very difficult, whereas recognizing the market will move in much broader cycles is more accurate. It’s what we learn by studying real estate market cycle history.

Let’s talk about where we are in today’s cycle. We are currently seven years past the bottom. The past seven years have been a sellers’ market with plummeting inventory, rising prices, nervous buyers often involved in multiple offers, and happy sellers more often than not getting the price they wanted.

But the client I referred to above was a potential buyer and he was very nervous. He tries to stay informed, reads news articles, watches TV reports and concludes the market is teetering on the brink of a crash and is therefore afraid to buy. And he’s been thinking this for years! He wants to buy because his rent is skyrocketing, up 10 percent this year alone, but he’s confusing the short-term media screeds about this tremendous market with the long-term patterns of market cycles, thinking that the minute he buys a home the market is going to crash.

So let me be clear: no one can predict the real estate market with 100 percent accuracy. I can’t, the Federal Reserve can’t, the banks with all the money can’t (obviously!), no one can. But, understanding how market cycles work, and recognizing how low our current inventory is, I can say with confidence I do not see any impending weakness in the market over the next couple of years. We are seven years into what will probably be a very lengthy cycle of low inventory and rising prices.

I can’t tell you what the Dow Jones will finish at next Monday. I can’t tell you if the Rockies will win their fifth game of the season. I can’t tell you what the weather will be on April 6. But I can say with confidence that real estate tends to move over predictable long-term trends, and this market cycle has a long way to go.

Let's Chat

I've been helping investors with developments, flips, scrapes, buy and hold cash flowing apartment buildings/homes/condos since 2001. Give me a call at 720-938-4350 to chat, or shoot me an email at BrianMacMillan@Mac.com.

Or feel free to search the properties for sale in the Front Range.