Most people around the country see snow as a cold and brutal nuisance, but not in Colorado ski country -- where snow equals tourist dollars and fun. For example, last year, Colorado and Utah received record levels of snow. Now, realtors who help customers buy and sell homes in ski areas are saying that last year's great snow season has resulted in more home sales.
Imagine you want to buy a bigger factory to build your widgets in. You don't have enough money to buy the factory, but you have an order to produce 1,000,000 widgets, and your accounts receivable data reflects the future income that will come from the sale of those widgets. With this information, you might be able to get a lender to secure an "asset-based loan."
The economy in Colorado Springs has experienced remarkable growth this year -- especially in terms of residential real estate and the rental value of apartments. There has been a 7 percent increase in rental income from apartments, and a 4 percent market vacancy for apartments. The growth has attracted investments from Denver and the West Coast, who currently have their sights on Colorado Springs as a profitable real estate investment opportunity.
The best-laid plans of mice and men often lie in ruin because the men didn't have the right checklist. The story is no different when it comes to real estate closings. Many well-intentioned homebuyers have made mistakes that have cost them hundreds of thousands of dollars because there was an undotted "i" or an uncrossed "t" that they forgot to double check.
Just because you've signed a real estate deal does not mean that you will be forced to close on it. There are many circumstances in which your real estate deal might not feel good anymore, and -- in a tactful and respectful way -- you always have the right to say, "no."
If you've never made a commercial real estate investment before, you probably know that these investments can be lucrative -- and they can also bankrupt you. As such, you'll be eager to know some tips for successfully finding and buying the right property.