Colorado Springs Real Estate Resources

We just had a researcher submit some very basic information about a house for sale in Colorado Springs 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 Colorado Springs, Colorado Real Estate Resources is located at 4408 Anvil Dr, Colorado Springs, CO 80925.

Since this 3 bedroom, 2.00 bathroom property has an asking price of $121,500, 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.

As you can see from the table above, if you know that rents in Colorado Springs 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 feel overwhelmed in your investing business with the myriad tasks that you need to perform everyday? There is an answer: leverage your time and hire some help! Check out this quick run-down of the advantages of hiring out and some how-to help on best practices for leveraging your time: Leveraging Your Time: Hiring People to Invest in Real Estate for You. Don't get stuck doing it all yourself and limiting the amount of great deals that you could be doing in Colorado Springs.

Sincerely,

James

If you've been in business for any length of time, you'll find that there are more things to do then can be done in any given day, so you absolutely must prioritize to become a successful real estate investor.

The 80/20 rule, also called Pareto's Principle, tells us that a large percentage of our success is dependent on the significant few things. The general idea of the rule is that 80% of your results will come

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Here are 4 amazingly simple ways to get others to find great real estate deals for you.

First, and this is an obvious one, hire a real estate agent or broker to scour their multiple listing service (MLS) and only bring you the deals that meet your very specific criteria. The overwhelming majority of real estate agents and brokers are paid only when you buy or sell a property using their service. They can look through the inventory they have access to and share with you the ones that meet you very specific needs. Then, when you find one that works for you, you buy it with that real estate agent or broker. You get a great deal and they earn a commission.

Second, find

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Many real estate investors lose out on an untold number of real estate deals by pre-screening too much on the telephone. Far more real estate investors pre-screen too much even before the first phone call, but that's a topic for another day. Let's discuss why you should NOT pre-screen for motivation on the phone if you want to buy more deals, with better terms and at better prices.

Are you the type of guy or gal that asks/asked if they're going to get an

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I want to share with you some information about a property in Colorado Springs located at 2626 Hearthwood Ln. 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.

Since this 2 bedroom, 1.00 bathroom property has an asking price of $80,000, 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.

As you can see from the table above, if you know that rents in Colorado Springs 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.

We also wanted to share with you a really great resource for investing in real estate in Colorado Springs. The Real Estate Investor Cookbook is a great place to start learning about how to run your investing business step by step. Why not start out by looking at some marketing basics on the Marketing to Buy Checklist?

Until next time,

James

If you are using a blank sheet of paper or, even worse, scraps of paper to jot down information about potential properties when you are talking to potential motivated sellers on the phone for your initial call, shame on you!

You should be taking down all the information about the property and sellers in an organized fashion. If you do not have a Property Information Sheet to use to gather this information for your own real estate investing business, then get one or, as a last resort, make your own and use it for every call.

Most of the information you'll gather is

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We just had a researcher submit some very basic information about a house for sale in Colorado Springs 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 Colorado Springs, Colorado Real Estate Resources is located at 7750 Lindsey Dr, Colorado Springs, CO 80920.

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.

As you can see from the table above, if we assume an appreciation rate of 1.8% per year, then the property value eventually reaches $204,397 after 10 years.

As you look at various deals that we analyze on Colorado Springs, Colorado Real Estate Resources you will notice that not all deals are good cash flow candidates. Some are equity deals, which frequently need significant repairs. Find out how to make money investing in these types of deals through Jassen's audio CD: Flipping Houses: Buy, Fix, and Flip.

Sincerely,

James

So you've put out some marketing and had some potentially motivated sellers call you. Whether you are taking the call live or returning the call from a voice mail message, here is a big picture overview of the process for talking to motivated sellers for the first time.

First off, do not... I repeat... DO NOT... research the deal before you talk to the seller. Get back on the phone with the seller as quickly as possible and without doing ANY work on the file before you call. There will be plenty of other areas to procrastinate where it is to your advantage to do so... this should NOT be one of them.

If you can, take the call live from motivated sellers. If not, return phone calls as soon as you can.

For this initial call, you will want to

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