There is a new trend in the real estate market. According to the Associated Press (AP), cannabis real estate might be the new Gold Rush.
Research authored by global real estate services firm CBRE that centers on Colorado residential and commercial investment opportunities makes these two fundamental points:
"Effective adaptive reuse is where creativity meets business savvy."
Real estate-minded Colorado entrepreneurs, company owners and investors know that the current business environment is active and churning with possibilities. Regular readers of our blog at O'Brien Legal Services LLC in Denver certainly know that, given several of our entries that have recently underscored the Colorado commercial market's dynamism (please see our September 7 post, for example).
Denver has just made a list showing the Mile-High City's attraction as a high-tech commercial center.
With new tax laws emerging, more people are asking if real estate investing should also change. Investment strategies often consider tax laws, and with changing tax laws, it can be hard to know what exactly you need to do to keep your investments safe.
Have you ever noticed that homes close to the Denver Light Rail system are more expensive than other residences? Being close to a public transportation point is valuable due to the convenience and money-saving aspects of having easy access to public transport. It just makes going to work at the Denver Tech Center and heading to the Denver International Airport that much easier. This is why homes found along any light rail corridor in Denver have historically been more expensive.
Everybody is talking about Airbnb. Whether you're a vacationer or a homeowner, you may have considered how you can benefit from this interesting service in which homeowners make money by opening up the doors of their homes to become mini-hotels for random travelers.
If you're new to real estate investing and you've recently purchased a rental property that you plan to generate income from, don't forget to pay your taxes on this income. The amount of taxes you pay will depend on how you use the home.
Buying into a short-term rental property can be lucrative for the average real estate investor. It's even better when the rental property is located in a highly desirable vacation destination like Aspen, where certain types of short-term and seasonal rentals are highly sought after for those looking for a beautiful escape -- during both the winter ski season and the warm summer months.