Category: Boulder Lessons
$26,500 Per Bedroom in Longmont
January 5th, 2009I want to share with you some information about a property in Longmont located at 225 E 8th Ave Apt C10. 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 $53,000, 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 |
| $63,600 (120%) | $31,800/bedroom |
| $60,950 (115%) | $30,475/bedroom |
| $58,300 (110%) | $29,150/bedroom |
| $55,650 (105%) | $27,825/bedroom |
| $53,000 Full Price | $26,500/bedroom |
| $50,350 (95%) | $25,175/bedroom |
| $47,700 (90%) | $23,850/bedroom |
| $45,050 (85%) | $22,525/bedroom |
| $42,400 (80%) | $21,200/bedroom |
As you can see from the table above, if you know that rents in Longmont 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.
By the way, have you considered marketing to absentee owners who own property in Longmont but don't live in Longmont? This can be a great way to find good deals from motivated sellers. For some tips on how to get started, check out the Absentee Owner Postcards page on the Real Estate Investor Cookbook.
Until next time,
James
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Firestone Distressed Property: $23,333 Per Bedroom
January 1st, 2009I want to share with you some information about a property in Firestone located at 8631 Frontier St. 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.
This 3/2.00 2,100 square foot property has an asking price of $70,000, 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 |
| $84,000 (120%) | $28,000/bedroom |
| $80,500 (115%) | $26,833/bedroom |
| $77,000 (110%) | $25,667/bedroom |
| $73,500 (105%) | $24,500/bedroom |
| $70,000 Full Price | $23,333/bedroom |
| $66,500 (95%) | $22,167/bedroom |
| $63,000 (90%) | $21,000/bedroom |
| $59,500 (85%) | $19,833/bedroom |
| $56,000 (80%) | $18,667/bedroom |
As you can see from the table above, if you know that rents in Firestone 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.
Maybe you already have more motivated sellers calling you then you can make time for and more deals to manage than hours in the day...but, if you're like the rest of us, your marketing could probably use a little boost to keep your phone ringing consistently with motivated sellers. For a fresh look at a marketing strategy you may not have considered, check out the following audio CD: Buying Houses with Business Cards.
Until my next post,
James
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$68.38 Per Square Foot in Longmont
December 21st, 2008We just had a researcher submit some very basic information about a house for sale in Longmont 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 Boulder, Colorado Real Estate Resources is located at 220 Emery, Longmont, CO 80501.
Let's take a closer look at some calculations for this 3 bedroom, 1.00 bathroom property located at 220 Emery that has an asking price of $59,900.
| Price Paid (% of Asking Price) | Price/Square Foot |
| $71,880 (120%) | $82.05/square foot |
| $68,885 (115%) | $78.64/square foot |
| $65,890 (110%) | $75.22/square foot |
| $62,895 (105%) | $71.80/square foot |
| $59,900 Full Price | $68.38/square foot |
| $56,905 (95%) | $64.96/square foot |
| $53,910 (90%) | $61.54/square foot |
| $50,915 (85%) | $58.12/square foot |
| $47,920 (80%) | $54.70/square foot |
As you can see from the table above, if you know what a typical Longmont 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.
Consider this: if you receive two advertisements in the mail - one that has been mass produced and one that appears to be written by hand - which are you more likely to read? Well...if you'd like your marketing message to come into the hands of potentially motivated sellers with this same advantage over the rest of the stuff they get in their mailbox everyday, then you need to check out Jassen's Audio CD Buying Houses with Hand Written Letters. The team at Boulder, Colorado Real Estate Resources has used this technique many times in several diffent markets - trust us - it works.
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!
2.4% Appreciation in Longmont?
December 20th, 2008We just had a researcher submit some very basic information about a house for sale in Longmont 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 Boulder, Colorado Real Estate Resources is located at 106 Anniversary Ln, Longmont, CO 80501.
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: 2.4% | |
| At Purchase | $132,096 |
| Year 1 | $135,266 |
| Year 2 | $138,513 |
| Year 3 | $141,837 |
| Year 4 | $145,241 |
| Year 5 | $148,727 |
| Year 6 | $152,296 |
| Year 7 | $155,951 |
| Year 8 | $159,694 |
| Year 9 | $163,527 |
As you can see from the table above, if we assume an appreciation rate of 2.4% per year, then the property value eventually reaches $163,527 after 10 years.
Every investor wants to buy houses below market, but do you know how to determine if the properties that you are looking at are really great deals? Is the house at 106 Anniversary Ln a bargain? If you're not totally sure, or if you just want to brush up on your knowledge level, then check out Jassen Bowman's CD on Real Estate on the Cheap: Buying Houses Under Duress. It may open up your eyes to some entirely new sources of deals.
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!
2.3% Appreciation Rate for Boulder
December 17th, 2008We just had a researcher submit some very basic information about a house for sale in Boulder 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 Boulder, Colorado Real Estate Resources is located at 1613 Marshall Rd, Boulder, CO 80305.
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: 2.3% | |
| At Purchase | $145,778 |
| Year 1 | $149,130 |
| Year 2 | $152,560 |
| Year 3 | $156,069 |
| Year 4 | $159,659 |
| Year 5 | $163,331 |
| Year 6 | $167,088 |
| Year 7 | $170,931 |
| Year 8 | $174,862 |
| Year 9 | $178,884 |
As you can see from the table above, if we assume an appreciation rate of 2.3% per year, then the property value eventually reaches $178,884 after 10 years.
If you're a student of marketing, then you know that there are many variations on how to get your message out and that it's worth constantly testing new methods to discover what performs best for you. Here's another technique you may want to add to your repertoire: Buying Houses with Door Hangers. Wouldn't it be worth trying some new marketing tools if you could generate more leads in Boulder?
Keep on investing Boulder,
James
Get priority e-mail notifications of new real estate deals, a FREE real estate course and more real estate investor articles. Click here!
Longmont Distressed Property: $85.09 Per Square Foot
December 14th, 2008I want to share with you some information about a property in Longmont located at 1702 Collyer St. 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.
Let's look at this 3 bedroom, 1.80 bathroom property located at 1702 Collyer St that has an asking price of $125,000.
| Price Paid (% of Asking Price) | Price/Square Foot |
| $150,000 (120%) | $102.11/square foot |
| $143,750 (115%) | $97.86/square foot |
| $137,500 (110%) | $93.60/square foot |
| $131,250 (105%) | $89.35/square foot |
| $125,000 Full Price | $85.09/square foot |
| $118,750 (95%) | $80.84/square foot |
| $112,500 (90%) | $76.58/square foot |
| $106,250 (85%) | $72.33/square foot |
| $100,000 (80%) | $68.07/square foot |
As you can see from the table above, if you know what a typical Longmont 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.
In case you forgot (or did not know), we have some great resources for people interested in learning how to wholesaler Longmont real estate. You can get information about that from our Longmont Wholesaler Info page which will show you how to gain access to our Wholesaler Control Panel with everything you'll need to learn to wholesaler real estate.
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!
An Analysis of 2.6% Appreciation Rate in Boulder
December 13th, 2008Here's another Boulder property that was submitted by a user that we will use as a teaching tool for our Boulder, Colorado Real Estate Resources real estate investors. The property address, in case you want to look into it in more detail is: 3003 Valmont Rd, Boulder, CO 80305.
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: 2.6% | |
| At Purchase | $20,007 |
| Year 1 | $20,527 |
| Year 2 | $21,061 |
| Year 3 | $21,608 |
| Year 4 | $22,170 |
| Year 5 | $22,747 |
| Year 6 | $23,338 |
| Year 7 | $23,945 |
| Year 8 | $24,567 |
| Year 9 | $25,206 |
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 $25,206 after 10 years.
If you're a student of marketing, then you know that there are many variations on how to get your message out and that it's worth constantly testing new methods to discover what performs best for you. Here's another technique you may want to add to your repertoire: Buying Houses with Door Hangers. Wouldn't it be worth trying some new marketing tools if you could generate more leads in Boulder?
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!
Boulder Deal: $195.55 Per Square Foot
December 10th, 2008Here's another Boulder property that was submitted by a user that we will use as a teaching tool for our Boulder, Colorado Real Estate Resources real estate investors. The property address, in case you want to look into it in more detail is: 4446 Clipper Ct, Boulder, CO 80301.
I am going to do do some calculations on this Boulder property. It is a 3 bedroom, 2.00 bathroom property located at 4446 Clipper Ct that has an asking price of $325,000.
| Price Paid (% of Asking Price) | Price/Square Foot |
| $390,000 (120%) | $234.66/square foot |
| $373,750 (115%) | $224.88/square foot |
| $357,500 (110%) | $215.10/square foot |
| $341,250 (105%) | $205.32/square foot |
| $325,000 Full Price | $195.55/square foot |
| $308,750 (95%) | $185.77/square foot |
| $292,500 (90%) | $175.99/square foot |
| $276,250 (85%) | $166.22/square foot |
| $260,000 (80%) | $156.44/square foot |
As you can see from the table above, if you know what a typical Boulder 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.
While most of the time when you enter into a contract to buy a property in Boulder, 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.
Keep on investing Boulder,
James
Get priority e-mail notifications of new real estate deals, a FREE real estate course and more real estate investor articles. Click here!