Facebook
Twitter
Pinterest
Copy Link
It Keeps Getting Better For Fort Collins!
Fort Collins has received yet MORE praise, this time in the form of being the 3rd Best Performing City on the 2011 Milken Best-Performing Cities list. They judge this list on job and economic growth and sustainability of those factors. This should help bolster the real estate market here in town that has already been regaining traction all of 2011.
The biggest problem we have right now is the lack of inventory of homes, because there are many buyers out looking to spend their money and take advantage of all time low interest rates on properties whether it is for a home for their family or an investment property. Hopefully this good news, along with the article in the Coloradoan HERE that talks about the strength of our real estate market will give sellers more confidence to put their homes on the market.
If you know someone who is considering selling their home here in Fort Collins, but has doubts about how quickly it would sell, please have them give me a call so I can sit down with them and give them the real numbers that we are seeing and how things could be in their favor.
Happy New Year and I hope 2012 is a great year for all of you!
Fort Collins/Loveland Vacancy Rates “Critically Low”
As vacancy rates fall and rent numbers rise, Fort Collins is becoming an even BETTER place to invest your money! It also mentions in this Coloradoan article that around campus the vacancy rates are below 1%! This again shows that the student rental market is where it’s at for investment properties in Fort Collins. Here at KEVCO for the properties we manage (over 300) we have been at 0% for the last 3 years for the August-July lease timeframes.
As more rental properties come on the market, they will be selling quickly and potentially at a premium. So, if you have an investment property that you’ve been thinking about selling, now is most certainly the time. Give me a call or shoot me an email with questions, I hope you have a great week!
Fort Collins 2nd Most Healthy Housing Market
So while sometimes it feels like good news is hard to come by for real estate, not for the Fort Collins area! We seem to keep getting awards piled on us, which I certainly can’t complain about. Builder Magazine just voted Fort Collins the 2nd Healthiest Housing market, due to expected employment and household increases and Colorado State University being one of our major employers.
With Fort Collins’ inventory incredibly low for the amount of demand, I am hoping that some of these good news stories will encourage sellers to get their properties on the market if they are looking to sell. Buyers don’t have a heck of a lot to choose from right now, so if you have an investment property or anything in Old Town that you have been holding off on putting on the market because you heard it was a bad time, give me a call and we can talk about why that is not the case right now.
ACE Technology Campus Project Moving Forward!
Cash Money!
$5 million cash. According to the Loveland Reporter Herald that’s all it is going to take to buy the old Agilent Campus. Cumberland & Western, the company who will be developing the site for the ACE Technology Campus has decided they would like to move quickly on the sale and purchase of the property. The city will hold on to a large piece of open space on the Big Thompson river, but the rest will be redeveloped for the purpose of having potentially over 100 technology manufacturers located there on the campus, you can read more about that HERE.
I’ve said it before and I’ll say it again, this is going to be a huge boon for Northern Colorado in both the residential investment and single family arenas.
If you’d like to talk more about investment properties or real estate here in Northern Colorado in general, feel free to give me a call or shoot me an email.
Investment Inventory LOW!
I have to apologize for the hiatus I’ve taken from writing here, it’s been a busy summer for Fort Collins investment real estate. We have pushed over the 300 unit mark at KEVCO for the number of properties we manage, and we have had investors picking up multiple properties this summer.
The issue that we are running into now are there are just not enough investment grade properties on the market in the Old Town and Colorado State University campus areas. I think the main issue is seller confidence is still relatively low, but with the number of cash buyers and out of town investors we are working with, I’d love to see A LOT more multifamily properties coming on the market. I guess it’s not a bad problem for a REALTOR to have more buyers than there are listings, but it feels like dying of thirst in the middle of the ocean!
If you know of anyone that owns or is interested in selling investment properties in the Fort Collins market, please feel free to give them my number, I’d love to speak with them.
I look forward to hearing from any and all of you!
Fort Collins Rents Up-Vacancy Down: Time To Buy Investment Properties!
This is something that my clients have been taking advantage of for the last 18 months or so, but low vacancy rates and increasing rents have strengthened the rental market in Northern Colorado. Like I said, with KEVCO vacancy rates at 0% and our pre-lease rate at almost 90% for August 1st so far, my investors have been increasing their cashflow on properties across the board.
But the overall health of the rental market in Fort Collins will bring even more increased rents and lower vacancies to KEVCO properties, and make your cashflow and yield target numbers even easier to achieve.
There are a few properties on the market currently that I’ve come across on the KEVCO Investment Tour that I would recommend for anywhere from first time investors to seasoned pros. I look forward to working with either type of client, so give me a call or shoot me an email and we can talk more about it. I hope you all have a great week!
Price Reduction On A Great Investment!
I wanted to let you know that one of my listings that we currently manage has received a price reduction! It is a 3 bedroom 2 bath that we have managed for 4 years and have never had any vacancy. A new lease for $1350/month through July 31st, 2012 has just been signed on it so along with the price reduction the estimated monthly cashflow numbers (after ALL costs including debt servicing, management, and maintenance) are just above $225, and after tax yearly yield (based on a 5 year hold period) approach 10%.
3012 Stadium Investment Summary
If you’re interested in talking about these numbers, or just have questions about investment properties in Fort Collins, feel free to shoot me an email or give me a call!
The Northern Colorado Investment Market Is Only Getting Stronger!
It looks as though the ACE Technology Park in Loveland will be renovated, and has the potential to bring about 100 companies and 7,000 jobs to the area. While this is great news for the northern Colorado economy, it is also great news for the northern Colorado real estate investor! With vacancy in both Fort Collins and Loveland at all time lows, there will be even MORE people moving to town that will want to rent for a while prior to purchasing, or rent indefinitely if they are only temporary employees. The market around the Colorado State University campus for real estate investment has had increasing rents and quick sales, but the same possibilties exist around the new technology campus.
Renters will want to be close enough to work to not have a long commute, but also be close enough to the foothills to enjoy all of the outdoor activities that Colorado has to offer. I am already evaluating residential investment properties in the pertinent areas, and I would love to show you some of the numbers I’m coming up with. Give me a call or shoot me an email if you have any questions!
Great Property For First Time Investor
House Made of Money? Not Quite-But Still Good Stuff!
Sometimes when searching for investment properties for my clients, it is easy to get caught up in bigger projects, more units, and cash deals. Don’t get me wrong, there are great deals to be had here in the student investment rental market here in Fort Collins if you have the resources to invest in those types of deals, but not everyone is in a position to put $100k down on multi unit properties.
Sometimes it’s hard to hit cashflow targets when the price is low, because usually the rent is low or you have HOA fees eating into any potential profits. But sometimes you come across a property like the one here that is priced well within the reach of a first time investor ($134,900), and hits all of the cashflow targets we want in properties that are priced higher.
This property is an end unit townhome with 3 bedrooms and 2.5 baths, close to bus lines, the Colorado State University Campus, grocery stores, Horsetooth Reservoir, and the foothills. Because of it’s large size, the rent would be at a premium for a townhome unit, and a relatively low HOA fees keep more of the monthly profits for you.
Check out the link below for a more detailed projected analysis, and please feel free to give me a call with any questions you may have about this property or investment real estate in Fort Collins in general.
Good News For Real Estate?? I’ll Take It!
It looks like what we have been seeing locally in the Fort Collins real estate market is beginning to be recognized nationally. We have been seeing a downward trend in pricing (although VERY slight compared to the national numbers) here in Fort Collins, and for the last year and a half I have had investors taking advantage of this in both single and multi family properties.
If you’re looking for your next home and plan on staying in it for a minimum of five years, or a mid to long term investment property, you can be snatching up the deals my clients have been in both privately and bank owned homes. Cash flow targets are easy to hit right now on investment properties with rates still being historically low, as well as prices being pretty reasonable.
Check out this CNN Money Magazine article for more information on how the national market seems to be experienceing some of the same great opportunities that Fort Collins has been representing for years! If you’re interested in seeing my list of top investment properties in Fort Collins right now, or are looking for your next home or know someone who is, please give me a call so I can help you. Have a great week!
