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.
With the rise of e-commerce and rapid home delivery options, a lot of people are talking about the decline of the brick and mortar retail stores found in strip malls. However, this isn't always the case. There are certainly many cities with too much empty retail space, but others have a strip mall market that's thriving.
When you are considering the purchase of a rental property, you want to make sure that your investment is going to be profitable, and that it will produce income for you in the years to come. Trying to predict profitability, however, could be difficult as a lot of different variables and factors will come into play.
A "listed" real estate property means that it's listed with a real estate agent or a real estate firm. An "off-market" real estate property is not listed with an agent. These properties are typically being sold directly by the owners and in some cases, they can represent very good buys for real estate investors.
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.
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.
If you're a homebuyer in Colorado, you might feel like your options are limited. That's because we're currently experiencing something of a "house-drought" in the state. This is excellent for people who want to sell their homes; as soon as they put their homes on the market prospective buyers come knocking. However, it presents real challenges for people who want to find the home of their dreams at an affordable price.
In September, the online retail giant Amazon announced that they are seeking to build a second corporate headquarters and are waiting on competing bids from state and local governments. The New York Times named the Denver area as the best choice for the new headquarters, which promises to bring up to 50,000 jobs and $5 billion in local investments.
Are you thinking to invest in real estate property for the first time? Maybe you've owned your home for many years, but now you're thinking of investing in commercial or residential property for purely investment purposes. If this sounds like you, there are three categories of risk you'll want to know about when it comes to real estate investment:
One of the first decisions you'll want to make before you even start looking for a second home is how much of a fixer upper are you looking to buy. Many savvy investors enjoy picking up homes that can easily have sweat equity built in them. However, if you purchase a home that has too many flaws, then you may cut into your budget and the turnaround time that you intend to be able to flip or rent it within.