A lot of enormously wealthy people read this monthly blog. Land developers, tech entrepreneurs, captains of industry. Movie producers, best-selling authors, swashbuckling gamblers of all stripes. Professional athletes, mega-stars of stage and screen… None of that is true. But in case a few rich folks have wandered in, I will begin with this apology. I …
Real estate investors have seen ‘em. About anyone who buys properties regularly has run across a few. You’ve probably seen some too, maybe unwittingly. I’m talking about trashed out properties. Some are hoarder houses. Homes so stuffed with stuff that it bends the mind. Full of filthy clothes, broken down furniture and stacks of ancient …
Hoarder House: Damage, Despair, Death, and 17 Dumpsters Read More »
It is not just wishful thinking any more. “Coming Soon” is an official listing status in the tightly regulated world of selling homes. It is right up there with Active, Pending, and Closed; and their less common cousins, Expired and Withdrawn. Coming Soon listings can exist as such for up to seven days. They can …
There are computer scientists who advise young students to drop everything and start studying Artificial Intelligence. So profound will be its presence in modern life. What is AI? For questions like that–increasingly for ANY question—I go straight to the source. I log on to an AI-driven chatbot called ChatGPT. It’s located at https://chat.openai.com/chat. According to my new …
ChatGPT: 10 Questions to Ask Your Automated Real Estate Robot Read More »
So we’ve got all these outstanding low-interest mortgage loans. Many thousands of homeowners in Denver alone have secured rates between 2.5 and 4 percent. Some such loans are now 10 years old. Meanwhile, with new home loans offered between 6 and 7 percent, nostalgic buyers long for the days of more affordable financing. It’s especially …
I was walking the dog at sunset on a Tuesday. I entered South Table Mountain Park, near my home, from the park’s northeast corner. From the opposite corner, near the baseball diamond, I could hear an occasional metallic crashing sound, followed by uproarious laughter. It was too dark to see what was going on. Spirit …
Well at last, I’m on Tiktok. I mean “on it” as a producer. I am a creator, as they say, posting content on a recurring basis and not just consuming it. I say recurring because my first video went up yesterday. The second one is in the can and ready to post today. From here, …
Sometimes a Great Cesspool, TikTok is Here to Stay Read More »
My clients Erik and Elizabeth are now renting the home they owned and occupied for the past five years. Last week they sold the property, a 5BR ranch just south of Strasburg. A Post-Closing Occupancy Agreement allows them to stay rent-free through September. The home is not just “ranch style,” as I said in the …
Real Estate Success, First-Generation American Style Read More »
The economy may be in recession. Interest rates are high and may be heading higher. Real estate showings and sales have slowed, and Denver prices are off from their peak of a few months ago. But unemployment is very low and just about everyone who wants a job, has one. People are jumping jobs like …
For the small scale real estate investor, landlording is a big thing. The ability to own income properties, and willingness to rent them out, can be a significant contributor to personal wealth. But not everyone is willing to handle the hassles. “Trash, tenants, and toilets” is a catch phrase often cited as reason to resist …
