 Happy November! Grateful it’s fall, grateful for an upcoming Yoga Retreat I’ll be attending this month (it was a goal this year to take an alone trip!) and I’m extremely grateful for where I am. In all senses of the word. Now, let’s give thanks for the Denver market… Thankful for the appreciation! Homes in Denver have appreciated in the last 3 years:2022: +11.6% 2021: +17.2% 2020: +8.7% and since 2019, single-family house prices have grown nearly 43% Thankful for Networking events and amazing contacts in my business. Check out Meetups and videos from professionals in my network that are super helpful. Thankful for referrals! Thanks to the great network I’ve built, and the amazing friends who put their trust in me, I have built a business I love. If you have friends who are interested in buying, selling or investing, send them my way! Remember, real estate is extremely location specific, so if you have questions, reach out to a professional – like me! – to help you ascertain the information you’re looking for. If you are looking for help with your rentals, finding a tenant or setting up your rental, don’t hesitate to reach out!   So You want to be a Landlord? Several of my friends have investment properties and I couldn’t be prouder! Lots of them have held onto their first homes, rented them out, then purchased another. This is a wonderful way to build a portfolio and have an additional stream of income – and here are some tips if you’re thinking of doing the same. 1. Research Landlord Insurance, Rents in the area you’re looking in (I use Rentometer & Zillow), talk to an agent to understand pricing in the area, then talk to a lender to see what you can afford! 2. Make sure your numbers make sense. Jot down all of the costs of the home you’ll be purchasing – trash, water/sewer, insurance, yard maintenance, HOA (if you have one), mortgage, taxes – and subtract that from the rent you’ll receive. This is your cash flow. 3. Plan for Capital Expenses & Maintenance. Save for things that could go wrong – a broken appliance, a new roof, painting/hole patching for tenant turnovers. There are quite a few things to make sure of before you get started – but purchasing a rental is a great way to build long-term wealth. Reach out to me if you’d like an investment property consultation with me! Cover the Cost of Your Living Expenses – A Guide to Short Term Rent Your Primary Since 2012, I’ve been renting a portion of my house to supplement my living expenses. Initially, I was renting a room out because I had an extra room and some extra money was nice! Then I started making pretty decent money. Not enough to quit the day job, but I covered utility bills, grocery bills, fun- money. And eventually, I started to rent the whole house while traveling and the money got REAL. Covering all living expenses-real. I’ve talked about this strategy on panels, in newsletters, on podcasts – and I finally put pen to paper to detail this strategy so others can put it into action. I wrote a Guide about my experiences, lessons learned, and tactical pieces of actually setting this up. Check it out if this is something you are considering! And I’m offering a free consultation for those on my newsletter list who would like to ask any questions after they’ve read it!  Mid-Term Rental Available With the market slowing and interest rates where they are, we’ve decided to rent our investment through the winter – while it’s on the market. We will be renting – please share this with anyone you know looking to rent or buy and reach out with any questions! Walk through Video – Watch now! MLS #85602943 bedroom, 2 bath is ready for new owners! Listing: 1671 S Wadsworth Blvd Available January – March Fully Furnished – $3,000 per month All new energy efficient windowsNew furnace New water heaterRenovated bathrooms with new tile Central Air New laminate floor New garage door & opener New frontage fencing 2 fireplace New back door & exterior paintClose to shops and restaurants at Belmar, large Kendrick Lakes park, trails along Bear Valley and Heritage Parks, close to highways for mountain access, many other parks and amenities in the area to enjoy. This home is 100% move-in ready! If you are interested in hearing more or want to schedule a walkthrough, let me know!   Tips & Teachings It’s the time of year when I start reflecting on the past year. The good, the bad, what’s working, what needs work. And the extreme gratitude & abundance I have. It can be easy to forget the good when there’s so much horrible in the world, when things go wrong or when uncertainty creeps in. So I’ve been focusing on what I can control, what I have in abundance and what I can work on! Detach from the outcome and attach to the process. How am I showing up? Decide how you want your life to look, then work like hell to create it. And it will be work at times. Here are articles & podcasts I’ve listened to that I found extremely helpful in my business, finances, life! Enjoy! Can you balance time & financial Freedom? Stacking Benjamins Podcast Get out of your own way – Tim Ferris Podcast Manifest from Abundance – School of Greatness Podcast Be sure to follow me on Instagram and Facebook. Have Questions? Reach out to happyhomescoltd@gmail.com about real estate investing or if you’re looking to buy or sell!  |