Colorado Springs Real Estate Resources

If it's time to fill a vacancy for one of your rentals, you will want to get the maximum marketing exposure possible. Chances are, that if you are reading this article online, you already understand the value of the internet. Three lines of description in your local print newspaper is no longer enough to get the phone ringing with enough interested renters in most markets.

With the widespread availability of the internet and the ease of accessing information on it, most of your potential tenants expect much more than a brief description of the raw data of their future dwelling – i.e. beds, baths, square footage and rent. Instead of spending all day on the weekend driving around looking at potential rental units, most of your tenant pool will prefer to browse through full color photographs of available rentals from the comfort of their favorite computer station. Many internet sites even offer virtual tours of available units, so to be competitive in our current marketplace, you need to make sure that you have the marketing out to reach all of these internet-surfing apartment hunters.

In addition to posting ads with full color photographs on popular sites like Craigslist,

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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 1515 Purple Sage Ct, Colorado Springs, CO 80906.

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 1.2% per year, then the property value eventually reaches $191,538 after 10 years.

No real estate investor can hope to be successful without knowing how to find deals, and the key to finding great deals in Colorado Springs is finding motivated sellers. Here's an audio CD that lets you in on some of these secrets: Drink From The Fire Hose of Motivated Sellers: Deal Finding. In it, you will be reminded of the importance of being on the right side of the desk and will learn about key marketing strategies to get sellers calling you.

Sincerely,

James

Here's another Colorado Springs property that was submitted by a user that we will use as a teaching tool for our Colorado Springs, Colorado Real Estate Resources real estate investors. The property address, in case you want to look into it in more detail is: 8015 Essington 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 6.3% per year, then the property value eventually reaches $268,590 after 10 years.

If you have marketing out and know that soon you will be talking to real, live, motivated sellers in Colorado Springs, you probably want to have a plan in place for how you're going to handle these calls. You may find it useful to listen in as Jassen and Jamie role play through a series of scenarios that will help you get prepared for asking your motivated sellers those tough or sensitive quesitons. Check out How to Talk To Motivated Sellers: Role Playing Volume #3 to gain the confidence and knowledge that you need.

Until next time,

James