Colorado Springs Real Estate Resources

You will need to find a great local insurance agent that understands what you are doing when you are buying houses "subject to" to the existing financing to make sure that property is properly insured.

An Insurance Agent is a key member of your Real Estate Investing Dream Team whether you are buying traditionally or buying "subject to", but since the loan remains in the seller's name, it is important to make sure that your insurance agent writes the correct policy to make sure that you are insured properly.

Remember that insurance premiums can vary widely from company to company for very similar coverage amounts. Be sure to get competitive quotes and to get the quotes BEFORE you buy the property. It is best to know your insurance expenses before you commit to buy a property.

Until my next post,

James

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 1663 Maxwell St, Colorado Springs, CO 80906.

This 4/1.00 1,225 square foot property has an asking price of $77,400, but let's take a moment to do some calculations to see what our actual price per square foot would be based on various offer prices (both above asking price and below asking price).

As you can see from the table above, if you know what a typical Colorado Springs 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, are you actively looking for deals in Colorado Springs? Don't forget that local real estate agents can be good sources for investor deals, but you have to make sure that they understand your needs as an investor. An investor friendly real estate agent can be a big boon for your deal finding!

Until next time,

James

Once you buy a house "subject to" the existing financing, you'd like to be able to sell or occupy the property quickly and with a huge marketing advantage right? Well, being able to offer the property on a "Rent To Own" can give you that marketing advantage and get your property sold or occupied very quickly--especially in our current credit markets.

By offering creative financing options like a "rent to own" to folks with less than perfect credit, but with enough income to afford the property you offer something that only a small percentage of sellers are offering in your market.

Provided you can collect a large deposit toward the purchase and make sure that the

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We have analyzed this deal to see how this particular single family home in Colorado Springs would be as a rental property. Read the article Income, Depreciation, Equity Build Up, Appreciation and Leverage in Deal Analysis for an overview of how I do the deal analysis below.

Where is this property?

It is located in Colorado Springs, CO. The property address is kept private to preserve the deals for our members. To work with our preferred investor friendly real estate agent/broker for this deal, contact us about Deal #4011 and they can give you the full details about this property and help you in purchasing it. This particular property was submitted to the Colorado Springs Real Estate Resources Website featuring real estate investor articles and local deals.

How did we find this property?

We found this property from one of our real estate investor friendly agents/brokers or one of the real estate investor wholesalers we know in the Colorado Springs area.

Learn to find motivated sellers using marketing in Buying Houses with Websites. This CD is included as part of the 68 CD Ultimate Real Estate Investor Package that you get when you purchase any house we promote on the website through our recommended real estate agent or broker. To work with our preferred investor friendly real estate agent/broker for this deal, contact us about real estate Deal #4011 and they can give you the full details about this property and help you in purchasing it.

The Story

Before we get into our full analysis, here is some of the interesting story for this particular deal:

From the agent: This is an REO that was my short sale before the bank took it back. I already had an inspection and contractor estimate done on it and am very familiar with all aspects of comps and what needs to be repaired. Please contact me for more information.

Property Details

• Bedrooms: 3
• Baths: 2.00
• Square Footage: 1,466 (see square footage estimates for info)
• All information is deemed reliable, but is pulled from tax records, real estate agent, zillow or the seller.

Income

• Gross Rent: $995/month (see Rent Estimates for more info)
• 4.00% Vacancy Adjustment: $40/month (see Vacancy Estimates for more info)
• Net Rent: $955/month
• NOTE: These numbers are for traditional rental income and NOT a rent-to-own. Rent-to-own analysis follows below.

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In my last few articles, I discussed how buying a house subject to the existing financing is similar yet different from leasing a house with an option to buy. I talked about how one is not necessarily better than another, but that each has its advantages and disadvantages depending on what you are trying to accomplish.

Now, I will share with you a strategy for making an offer to buy a house subject to the existing financing where the similarities between "subject to" and "lease options" are used to make a stronger, more understandable offer to a seller.

First, you might suggest in a trail close something like this:

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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: 5232 Solar Ridge Dr, Colorado Springs, CO 80917.

This 3/2.00 1,248 square foot property has an asking price of $106,000, but let's take a moment to do some calculations to see what our actual price per square foot would be based on various offer prices (both above asking price and below asking price).

As you can see from the table above, if you know what a typical Colorado Springs 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.

You may also be interested in learning about alternate financing for your deals. You've probably noticed that investor loans, whether in Colorado Springs or elsewhere, are becoming much harder to qualify for. That's why finding private money for your deals is such an important strategy that you, as a real estate investor, need to know about. Don't stand by and let good deals go because you don't have funding. Either learn how to raise private money yourself, or hire a private money coordinator to do it for you.

Until next time,

James

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 3087 Starlight Cir, Colorado Springs, CO 80916.

This 2/1.50 928 square foot property has an asking price of $50,000, but let's take a moment to do some calculations to see what our actual price per square foot would be based on various offer prices (both above asking price and below asking price).

As you can see from the table above, if you know what a typical Colorado Springs 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.

And if you are looking for more information on how to find real estate deals in Colorado Springs, then you may also be interested in checking out the audio CD real estate course Finding Motivated Sellers to Find the Best Real Estate Deals that Jassen recorded. It teaches you how to find motivated sellers in Colorado Springs so that you can find some amazing deals.

Keep on investing Colorado Springs,

James

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 3647 Hayman Ct, Colorado Springs, CO 80910.

I am going to do do some calculations on this Colorado Springs property. It is a 3 bedroom, 2.00 bathroom property located at 3647 Hayman Ct that has an asking price of $130,000.

As you can see from the table above, if you know what a typical Colorado Springs 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.

Do you know how to use direct mail to find and/or market great deals in Colorado Springs? You might be interested in learning time-saving strategies for getting the most out of this powerful marketing medium with Jassen's audio CD: Buying Houses with USPS Post Cards. Learn the difference between one and two step marketing and more on this super informative CD.

Until next time,

James