35 Burst results for "Denver"

Colorado Club Q Shooting Suspect Is 'Non-Binary'

The Officer Tatum Show

01:56 min | 3 d ago

Colorado Club Q Shooting Suspect Is 'Non-Binary'

"Let's get on to some news. Colorado mass shooting identifies as a non binary. Now, I don't know if this person, and if you're not familiar with the Colorado shooting in Colorado Springs, a nut job went into a gay nightclub, called club Q or something like that, and decided to shoot up people, end up killing about 5 people and injuring several other people, but now that he's being presented in front of a judge, he's now identified as non binary. I'm going to try to read again because I think these articles explain a little better than I do. I'm not going to say the person's name because he's a scumbag and I'm not going to say scumbags names. The suspect in a daily Colorado LGBTQ nightclub massacre is non binary and uses they them pronouns. Their lawyer said in a new court filing Tuesday. This is so stupid. But blank blank is non binary, the footnote states, the Denver post reported. They use they them pronouns and for the purpose of all forms filed on all formal filings, we will be addressed as mix blank. So I'm not going to say his name, but it's mixed blank. So it's MX, so not mister with MR or miss with MS or MRS. It's MX. And I don't know if this is just adding insult to injury by a person being so fanatically against homosexuality and the trans stuff that he would go so far is to kill people, knowing that one day he will be in court and then in court adding insult to injury by just adding on to the foolery by saying that he identified as a non binary.

Colorado Denver Post Colorado Springs MR
Media Withholds Race of Colorado Club Shooter

The Officer Tatum Show

01:23 min | 5 d ago

Media Withholds Race of Colorado Club Shooter

"I want to talk about this cute shooting club Q for a minute. This is a shooting that occurred over the weekend. And this is one thing that bothers me about the shooting that happened in Denver, Colorado, or as Colorado Springs, is that why don't we know the race of the shooter? This is the thing that bothers me. 5 people are dead, 25 more injured, the suspect is in custody. They call it a mass shooting, it's at an LGBTQ club in Colorado Springs. And they can tell you, all these details, even one of the victim's mother has come out and they've interviewed her, they can tell you, they can give you all of these details, but why don't they give you the race of the killer? Probably because he wasn't black. I mean, probably because he wasn't white. This is, hey, if somebody got a picture of this guy, I could be wrong, right? I could be wrong. But I look for it. I'm looking at his name. I'm looking for pictures of the suspect, and I haven't seen any. If anybody got some pictures of the person, you know, let me know, but I haven't seen any pictures of him and not one article that I have read. Have I seen any mention of his race? Any mention of his political affiliation.

Colorado Springs Lgbtq Club Denver Colorado
The latest in sports

AP News Radio

01:58 min | 6 d ago

The latest in sports

"80s sports I'm Mike greaves the Viking 7 game winning streak comes to a screeching hot with the cowboys winning 40 to three in Minnesota as the Dallas defense limits the Vikings to 183 yards of offense pleasing linebacker Micah Parsons We're capable We put them on to people want to come out and run the ball but we got buckle up on the shimmer they want to do People are going to come up in Paris We got to set the quarterback and get stops and do what we do best The eagles rebound from their first loss of the season overcoming a ten point fourth quarter deficit to win 1716 at Indianapolis quarterback Jalen hurts scores the go ahead touchdown on a 7 yard run with one 20 remaining We never wavered I think throughout the game Again there were things that did not go our way in terms of our execution and we put ourselves in a bad position but you know we were never out of the fight The Patriots stunned the jets ten to three when Marcus Jones returns a punt 84 yards for a score with 5 seconds on the clock I thought they was going to go ahead and try to kick it out of bounds due to the time on the clock But the first thing was trying to make sure that I followed my teammates blocker then I seen a punter And I was like if I make a mist and I should be able to go to distance Other winners in the NFL are the falcons ravens bills commanders saints lions raiders Bengals and chiefs in the NHL Columbus beats Carolina and Pittsburgh down Chicago on the court Kyrie Irving returns from an 8 game suspension in the nets one 27 one 15 win over the grizzlies the guard scores 14 points Just miss my teammates mister coach and staff The unprepared with them in the morning were in the rising and then carrying over to the game So good Phoenix Washington the kings Cleveland Golden State Denver and the Lakers are other NBA winners in women's college troops Number one South Carolina beats number two Stanford 76 71 and overtime Lydia ko wins the CME group tour championship to earn LPGA player of the year honors I'm Mike Reeves AP sports

Mike Greaves Micah Parsons Marcus Jones Jalen Vikings Cowboys Minnesota Dallas Lions Raiders Eagles Indianapolis Paris Patriots Jets Kyrie Irving Falcons Ravens
Rare buzzer-beater helps outmanned Nuggets beat Mavs 98-97

AP News Radio

00:33 sec | 6 d ago

Rare buzzer-beater helps outmanned Nuggets beat Mavs 98-97

"The nuggets received some help from video review in a 98 97 win over the Mavericks Vlatko chanchu are hit a buzzer beater from near mid court when the final two seconds of the first half were replayed after the break Luka Dončić thought he had a buzzer beater to put the Mavs ahead by 7 at intermission but replay showed he stepped out of bounds That gave chance to our chance to drain a long tray that made it a one point game at the break Michael Porter junior hit the deciding three pointer with 55 seconds left Bones highland scored a career high 29 points for Denver Josh green had a career high 23 for Dallas I'm Dave ferry

Vlatko Chanchu Nuggets Mavericks Mavs Michael Porter Bones Highland Josh Green Denver Dallas Dave Ferry
Adams' 35-yard TD in OT powers Raiders past Broncos 22-16

AP News Radio

00:36 sec | 6 d ago

Adams' 35-yard TD in OT powers Raiders past Broncos 22-16

"Derek Carr through two touchdown passes to Davante Adams and the Raiders roared back to defeat the Broncos 22 16 in overtime The second of cars scoring strikes came from the Denver 35 when he saw no defenders anywhere near Adams So I just said look it's go up in the air and really I mean it happens it happens slow but it happens fast So it wasn't really a whole lot of thinking It was just locking on the ball and just making it look like With no time out Carl led a drive that culminated in Daniel Carlson's game tying 25 yard field goal with 16 seconds left in the fourth quarter Both teams are three and 7 Bruce Morton Denver

Derek Carr Davante Adams Raiders Broncos Denver Adams Daniel Carlson Carl Bruce Morton
Saad, Binnington help Blues hold off Avalanche 3-2

AP News Radio

00:37 sec | Last week

Saad, Binnington help Blues hold off Avalanche 3-2

"Robert Thomas scored one goal and assisted on another as St. Louis held off the avalanche three two After the game all he could do was rave over how goaltender Jordan Bennington and three teammates preserved the win even though the avalanche pulled their goalie to gain a 6 on three advantage over the final 57 seconds Can't give enough credit to those three guys out there and better I mean they did an amazing job keeping their chances to kind of the outside and better made some huge saves So I mean what a way to close it The blues have won three straight while Colorado saw its four game win streak come to a close Bruce Morton Denver

Jordan Bennington Avalanche Robert Thomas St. Louis Colorado Bruce Morton Denver
Tannehill returns, throws 2 TD passes as Titans beat Broncos

AP News Radio

00:36 sec | Last week

Tannehill returns, throws 2 TD passes as Titans beat Broncos

"Ryan Tannehill bounced back after missing two games with a sprained ankle to lead the Titans to a 1710 decision over Denver Things were ugly early Guys hung with me and kept battling in we just found a way to start making some plays I'll take advantage of some looks that we were getting And made some big plays especially there down the stretch and we needed a big part of Tennessee's heroics where Tannehill's two touchdown passes to Nick Westbrook akina the last of which came on a 63 yard flea flicker At 6 and three the Titans lead the AFC south while the Broncos fall to three and 6 I'm Bruce Morton

Ryan Tannehill Titans Tannehill Denver Nick Westbrook Akina Tennessee AFC Broncos Bruce Morton
The latest in sports

AP News Radio

01:58 min | 2 weeks ago

The latest in sports

"AP sports I'm David Shuster we begin in the NBA where Jayson Tatum scored a game high 34 points as Boston defeated Denver one 31 one 12 His night and day the way that we're playing the start of this season compared to the start of last season But whenever we made that change I just feel like we haven't looked back and for the most part we got the same group One or two new guys but they really know how to play the game In New York RJ Barrett scored 30 points for Tom thibodeau as the Knicks down Detroit one 21 one 12 The thing that was different about this game is we still didn't shoot the ball great But I thought we made a lot of plays on selfish place to help get high quality shots Elsewhere Oklahoma City had 8 players in double figure scoring running past Toronto by 19 Memphis had three players over 20 points beating Minnesota one 14 one O three and Golden State got 40 points from Steph Curry one O 6 one O one over Cleveland turning to hockey Washington defeated Tampa Bay as Craig heist reports Darcy Kemper made 28 saves and helped kill off a 5 minute power play in the second period as the capitals beat the lightning 5 to one Sonny Milano had two goals and an assist Anthony mantha Alexi protest and Connor sherry each lit the lamp Kemper missed out on the shutout when Nick permits scored in the third More importantly I think just as a group we came together with the urgency that we really wanted this win and you could see it in our play right from the start and it was nice to see everyone get rewarded College hoops the top 5 teams in the country all in action with number two Gonzaga squeaking out a one point victory at Michigan state Meanwhile number one North Carolina three Houston Ford Kentucky and 5 Baylor all were comfortable winners baseball news the Houston Astros fired their GM James click after he turned down their one year contract to offer and football buffalo quarterback Josh Allen he's questionable for Sunday's game against Minnesota with a sore elbow I'm David Shuster AP sports

Jayson Tatum Rj Barrett David Shuster Steph Curry Tom Thibodeau Craig Heist Darcy Kemper Sonny Milano Anthony Mantha Alexi AP Connor Sherry NBA Knicks Denver Boston Golden State Oklahoma City Detroit Memphis Tampa Bay
Gordon's 27, Jokic's triple-double lead Nuggets past Thunder

AP News Radio

00:34 sec | 3 weeks ago

Gordon's 27, Jokic's triple-double lead Nuggets past Thunder

"Aaron Gordon and Nikola Jokić with the stars in the nuggets one 22 one ten win over the thunder Gordon provided 23 of his team high 27 points in the first half as Denver ended Oklahoma City's four game winning streak Jokic posted his third triple double of the season and 79th of his career finishing with 15 points 13 rebounds and 13 assists Jamal Murray's 24 points helped the nuggets bounce back from Sunday's loss to the Lakers The thunder erased a 14 point halftime lead and led 93 91 before falling Shea gilges Alexander led all scorers with 37 points I'm Dave fairy

Aaron Gordon Nikola Jokić Jokic Nuggets Jamal Murray Gordon Oklahoma City Denver Lakers Thunder Shea Alexander Dave Fairy
Broncos beat Jaguars 21-17 in London to snap losing streak

AP News Radio

00:37 sec | 3 weeks ago

Broncos beat Jaguars 21-17 in London to snap losing streak

"Latavius Murray's two yard scoring run late in the fourth quarter allowed the Broncos to beat the Jaguars 21 17 Russell Wilson led to go ahead scoring drives in the second half on his return from a hamstring injury He finished 18 of 30 for 252 yards with a touchdown and an interception as the three and 5 Broncos ended a four game losing streak Obviously the season hasn't gone the way we wanted to And it's not over yet There's a lot more to do There's a lot more that we want to accomplish Denver trail ten zero before Jerry Judy 6 yard TD grab in the second quarter Trevor Lawrence threw for just 133 yards one touchdown and two interceptions in Jacksonville's 5th law since 6 games I'm Dave ferry

Latavius Murray Broncos Russell Wilson Jaguars Jerry Judy Trevor Lawrence Denver Jacksonville Dave Ferry
Jokic, Nuggets keep Lakers winless with 110-99 victory

AP News Radio

00:32 sec | Last month

Jokic, Nuggets keep Lakers winless with 110-99 victory

"The Lakers fell to zero four when they lost to the nuggets one ten to 99 Denver pulled away in a third quarter that coach Michael Malone said was a thing of beauty only 17 points they shot 33% 34 assists 11 turnovers So we did a much better job in terms of valuing the ball not fueling their break And then 35 points in transition The nuggets held an opponent to under 100 points for the first time this season They were led by Nikola Jokić who logged 31 points 13 rebounds and 9 assists Bruce Morton Denver

Nuggets Michael Malone Lakers Denver Nikola Jokić Bruce Morton
Hall hurt after 62-yard TD in Jets' 16-9 win over Broncos

AP News Radio

00:33 sec | Last month

Hall hurt after 62-yard TD in Jets' 16-9 win over Broncos

"The jets are now 5 and two after scratching out a 16 to 9 victory over Denver a big part of that shiny record is the jets being four zero on the road Safety will parks knows why I'm gonna tell you two things Got a bunch of gangsters over here with like literally love football And none of us are scared to go to somebody else's house lock their door and play football And made the best man win This game also marks the first time gangrene has won four in a row since 2015 The Broncos fall to two and 5 Bruce Morton Denver

Jets Denver Football Broncos Bruce Morton
Nikola Jokic notches triple-double as Nuggets top Warriors

AP News Radio

00:37 sec | Last month

Nikola Jokic notches triple-double as Nuggets top Warriors

"Nikola Jokić didn't let a sore wrist prevent him from recording a triple double as the nuggets topped the warriors one 28 one 23 The Denver center provided 26 points 12 rebounds and ten assists despite a taped wrist Yo kitch also had a key rebound in the closing seconds before sinking two free throws to clinch the win We had so many defensive defensive mistakes and they had a couple easy layups backdoor cuts or whatever and we didn't rebound well Bruce Brown finished with 20 points and Michael Porter junior added 17 for the winners Stephen Curry scored 34 points for the warriors who committed 19 turnovers that led to 30 points I'm Dave ferry

Nikola Jokić Denver Center Yo Kitch Nuggets Warriors Bruce Brown Michael Porter Stephen Curry Dave Ferry
Pionk scores 2nd goal of game in OT, Jets beat Avalanche 4-3

AP News Radio

00:31 sec | Last month

Pionk scores 2nd goal of game in OT, Jets beat Avalanche 4-3

"The jets had to go overtime but they prevailed over Colorado four three Mason Appleton had two assists on the night including a pass that set up the game winning goal It's huge You know a Stanley Cup winners right there We're one on one team and everyone you never want to look at this Standings earlier whatever it is but you don't want to be 500 Appleton gained the puck in the neutral zone and fed Neil pioch who lit the lamp 31 seconds into the extra session Piano finished with two goals for the jets who twice blue two gold leads Bruce Martin Denver

Mason Appleton Jets Colorado Neil Pioch Appleton Bruce Martin Denver
Late turnover, Hopkins 4th field goal gives Chargers OT win

AP News Radio

00:34 sec | Last month

Late turnover, Hopkins 4th field goal gives Chargers OT win

"Dustin Hopkins kicked a 39 yard game winning field goal in overtime as the Chargers beat the Broncos 1916 A lot of things have to go right in a ball game from even get the shot So I don't want to put on the hero cape just yet LA recovered a punt at the Denver 28 yard line that set up the winning kick Austin Eckler had a rushing score for the Chargers Justin Herbert threw for 238 yards with one pick no touchdowns the Broncos Russell Wilson passed for a 188 yards and one score Mark Myers englewood California

Dustin Hopkins Chargers Broncos Austin Eckler Justin Herbert Denver LA Russell Wilson Mark Myers Englewood California
NBA Hall of Famer Dikembe Mutombo receiving treatment for brain tumor

AP News Radio

00:56 sec | Last month

NBA Hall of Famer Dikembe Mutombo receiving treatment for brain tumor

"The NBA says basketball Hall of Famer dikembe mutombo is undergoing treatment for a brain tumor I'm Ben Thomas with the look at his career I will give you 1514 12 grand whatever the coach will have many time attached to the ball but I don't like to score have 20 points to make everyone happy He could score but in his playing days to kembe mutombo made a name for himself with his defensive prowess Not in my house A shot blocking ability enhanced by his 7 foot two hike and celebrated in a Geico insurance ad Happy than the campaign but tumble blocking a shot coming out of Georgetown matthau spent 18 seasons in the NBA playing for Denver Atlanta Houston Philadelphia New York and the then New Jersey nets And 8 time all star four time defensive player of the year and three time all NBA selection Inducted into the Hall of Fame in 2015 But

Dikembe Mutombo Ben Thomas Kembe Mutombo NBA Brain Tumor Basketball Georgetown Matthau Geico Denver Atlanta Houston Philadelphia Nets New Jersey New York Hall Of Fame
Gabe Eltaeb: The Importance of Hero Storytelling

ToddCast Podcast with Todd Starnes

02:03 min | Last month

Gabe Eltaeb: The Importance of Hero Storytelling

"Was that like for you, Gabe? I mean, you know, getting that job and being able to illustrate and tell the stories of those heroes that you grew up with. It was amazing. It's like imagine we all wanted to be a ballplayer where a little, but two dreams for me were defensive ends for the Denver Broncos or comic book artists. I got one of them. I'm a big guy. I'm 6 foot four, played a lot of football coach for a lot of it. But imagine you go on your favorite team, Todd, and not only do you get to your favorite team, your favorite player is the one that picks you. That's what happened for me. Generally personally hired me. My favorite artist from when I was 12 to work in his studio and joined DC Comics. So that's what it felt like. It felt like a humbling blessing. It was so amazing. Comic books are an original American art form. There have been invented about a hundred years ago in this country. And so I took a lot of pride in that. I take a, this is our cultural heritage. And stories about heroes are so important. And identity politics are ruining everything. Someone told me a great CF Lewis quote that we don't tell children fairytale to tell them the dragons are real. Children no dragons are real. We tell children fairytales to tell them dragons can be slain. And when you see Superman in Batman and Luke Skywalker in Indiana Jones and all the classic heroes of yesteryear overcoming their own fear, standing up to evil, even though they could be killed in prison, ruined whatever, they still stand up and win and that tells all of us, we can stand up. So that's what I did. They started getting a little woke 2013 14, a little more a little more and I kept my head down. I'm like, well, it's not the comics I'm working on. Kind of weird, and it was a quarter of our books, half the books. And now they've gone nitro crazy. It's all the books are just identity politics. I am Mexican and Libyan. My father escaped Gaddafi's socialist regime. They murdered my dad's Friends and my grandfather, he got hit by a car by accident because my dad was speaking out against Gaddafi. I do not come from cowards. But we stand up to these people that want to silence and cancel. And we canceled a chance lose. And we always follow the law, but

Cf Lewis Gabe Denver Broncos Todd Football Luke Skywalker Indiana Jones Batman Gaddafi Libyan
Avs raise banner, beat Blackhawks 5-2 to start title defense

AP News Radio

00:32 sec | Last month

Avs raise banner, beat Blackhawks 5-2 to start title defense

"Colorado dominated from start to finish breezing past the Blackhawks 5 to two but before the opening puck drop the avalanche got to watch the raising of the banner that came with last season's Stanley Cup Colorado's arturi lechon Amazing feeling for sure I don't really have the words to describe it How I felt at the moment but it was amazing for sure He scored two of the F's four power play goals with the other two coming from Valerie and this on a night in which they outshot Chicago 35 17 Bruce Morton Denver

Colorado Blackhawks Avalanche Valerie Bruce Morton Chicago Denver
"denver" Discussed on Denver Real Estate Investing Podcast

Denver Real Estate Investing Podcast

08:10 min | 1 year ago

"denver" Discussed on Denver Real Estate Investing Podcast

"It but I'm hoping that this will go up. A little bit You know. Hopefully we'll get some more inventory. Hopefully that will will be a little bit more reasonable. That you don't have to make a decision extremely quickly and i think our averaged as market. I mean we mercy in. I think pretty. Similar stuff Yeah i mean july. Twenty one average day was nine days. You're at seven last month. We were higher year ago. We were much higher as well so again. Same trajectory but what we've noticed. I don't know if you're getting this you in lear. Field this down there. Are you when it comes. Time to like you know. Put an offer on properties at you and clients. You're looking to buy. what's the what's the competitiveness. Feel like on there. Are you guys still bubbling up as many offers or is that scale back. Some it's still extremely competitive. Leila's timing this morning that She showed a client a home And by the time she called the listing agent. They said yet. We have a couple of offers fifty k. Over list so just to kinda you know. Give a feel for how that is. We've noticed that some homes that are christ's inappropriately so price a little too high to begin with those temps stay on a little bit longer than the ones that are. Priced competitively so I don't know if it's like a psychological thing people don't want to bid blower In this market knowing how everything has been But you know people know the intrinsic value Pretty much so not fair. You know if that has anything to do with it But yes still so really competitive for for really good properties I was able to get some clients under contract on a duplex and we were very competitive with our offer and There's a lot of competition as well. Yeah i would you know from from just talking with our agents up here in denver and just you know other agents around town The the finger. And the paul says it's it's it's still competitive but it's less competitive like it is mirroring the data where since we have more inventory which is great for breathing room in a rather than being ten offers property. It might be two to four offers on property or quite a few which is always always nice especially since you know half the offers are usually pretty pretty cruddy ones so we can you know you have less offers overall. Maybe we'll have like one or two other good offers competing against it makes it a lot better for you. Know our clients which are primarily buyers As their you know buying house acts and buying buying single-family buying rentals as well so as we kind of wrap this up many interesting news articles or their tidbits on a unit coverage any. Yes so i sent this over last week. That people probably heard me say that eight zero nine. One one was ranked as the hottest zip code in america for twenty twenty in another colorado string zip code tick the number one spot for twenty twenty one in. That's eight zero nine one six which is over by the airport You know our clients have probably heard me talk about that area as one that's poised for growth just because of all the development that's going on over there so definitely one to watch. I thought that was pretty interesting. Net in grizzly twenty eight hundred zip codes that it be out. So and so that was. That's from a national perspective right Yeah so from taking that data point what. What is that changing year. Investing or the advice. You're giving to your clients now. I don't think so. I think everyone's probably me say same. Broken record which areas i think are poised for for the largest growth in our stick with us and in terms of just like. i mean. you know we're seeing we're seeing it become a little bit less favorable to the seller. I mean still very much a seller's market But it's it's not as extreme Ag- i know here in denver. You know me wanna be around you know. Twenty four to thirty thousand homes which kinda start getting out to be a balanced market for like buyers and sellers to be on equal footing. Were so at four thousand so you know which is better than two thousand active penis but were four thousand But tv that context that big picture on that sliding scale is become. You know a little bit more favorable to the buyers. It's still definitely a seller's market but in terms of market conditions Interest rates rents and everything. Has anything changed in terms of like good time to buy bad times. Invest and anything like that change for you jenny. Now i don't think so and then coupled with the fact that we've been saying it's probably a good time to buy on the interstate side of things being being low It's good tended cell. Get rid of properties that you don't necessarily want anymore And then you know. One of my concerns. That i've been having is Rent's not increasing at the same rate that Home values have been But we're seeing that shift as well So rents are starting to creep up quite a bit so yeah. I still think it's a good time to buy rental property year. I mean united talked about on the youtube live last week. Where yeah same thing. I mean rents At me not creep. They had a pretty significant jump. Beano this part of the air and vacancy dropped quite a bit as well and of course. This is from a lot of times bigger data but like same thing. We're starting to see rent prices. We we had that data like on the ground from our properties talks on klein's but now we're actually starting to see data that backs it up So from you know. Investing standpoint landlord ten standpoint. That's good to see you know. Rinse or continue to climb as prices go up as well. And so i i agree with you like with everything going on. Nothing has nothing might vice. Hasn't changed song as you're still financially. Sound your your you know your job your businesses. You know still doing well. You're properly you your proper reserves in the bank you understand the you know the risk of everything from long-term wealth bowling perspective there is You know still. A lot of stars aligning be really good investment. I bought another place actually just about four weeks ago. Maybe five weeks ago at this point so nothing is scaring me a whole not place for you. Know a number of years if not longer and just ride the wave of growth And just you know. Use that as another piece by portfolio build wealth so if anyone out there has questions on the market wants to get in the market wants to buy properties wants to sell and trade up. Talk to us. This is what j. night. Do you know journeys down the springs. I'm up here in denver. We sure some philosophies if you're debating between two markets reach out to us we have clients especially in ten thirty one's kind of looking at both markets. Find the best fit. We have the team in place. We know the numbers we can help figure out what the best market best rogers for you and the most importantly execute it so you guys have questions. Please reach out to other data points. Shuna learn or more market stuff reach is well. We love talking about this stuff. We just tried to limit how much we You know dump on everyone through podcast video with stats but happy to talk. More details always go to the blog. Post for all the graph all the stats. All of numbers draw up there so jenny. This is great. thank you so much. Thank says all right. We'll see you next month..

denver Leila paul colorado america jenny klein youtube bowling rogers
"denver" Discussed on Denver Real Estate Investing Podcast

Denver Real Estate Investing Podcast

06:58 min | 1 year ago

"denver" Discussed on Denver Real Estate Investing Podcast

"I'm doing awesome. How about yourself chris. Do really good. I will say little happier the status months and some previous months. So we'll let her. Yeah i think we're getting out of the hole a little bit. So i mean you also just can't sustain what twenty to twenty five percent appreciation rate like. That's just not realistic. So the i'm not an expert but that's what my crystal ball all right. So let's you know. I got the power of the mouse journey so quickly re color springs. I kinda start us. Run down some stats on. Here like yeah. Yeah where Tell me where to scroll. Yeah so we can. Scroll down a little bit Too showing trends. I like this chart. i'm sure that everyone has been following. Close attention the showings. Her unit have been significantly higher than they had been in previous series. Like usually we see seasonality trends com an beginning at twenty twenty one. It was just almost off the charts. I think they had to extend access a little bit on that But we're finally in july back to normal out. Call it normal seasonality in the sense that it matches july showings of last year. I think that's probably important to highlight extra. I'm gonna pull up the denver one side by side. We'll we'll try something different this this month at least for some of the state so interesting. At least for me. I find it sooners interesting comparing these two markets Sarah showing trends here in denver. Once i find it very similar thing i mean springs is with was eighteen. And twenty showings per listing. You know a quarter one star trailing off here in quarter to denver was like twenty two twenty two showings per listing quarter one quarter to start dropping off same thing. We're we're still like one showing above. We were last year rear. Read about the same as the year before. But we're starting to see kind of. I'll say normalcy In the market. And maybe some seasonality normalcy as well a fairly interesting comparing the two chart side by side because they have an exact same shapes. Historically that's really interesting to see that yeah and for people from the podcast here you can always check the show that strict youtube video we have all the graphs up there as well but it. It's just. They're almost mirror image of each other. It's really interesting. Which is you know a good thing. Keep in mind as well just for simplicity standpoint. In if you guys you're hearing a stat in color springs or vice versa in denver You know right now historically I'll see numbers for different. But it's a very similar trends that both markets are going through. What about your like just overall active listings in all that data. Yeah so active listings. Went up a tiny bit on so i guess three and a half percent from last month which is less than one hundred units more than what last month for nothing Nothing super drastic. But i guess you know releases showing that we're moving in the right the right way that we're getting somewhere less things Posted and then same with I think just average sales price median sales price median sales price managed to go up. Still just when. I think that we're kind of you know going to stabilize their little. That it goes up this switch more so on point four percent so it went up from four hundred forty eight thousand four hundred fifty thousand which is just absolutely wild to me that we are that are medium. Price plan is at four hundred fifty at this at this rate Compared to last year. Three hundred seventy two which i thought was very high as well so it's just the as is creeping up At at a slower rate. But it's still going up. I mean i would. I would imagine at some point. It's going to level out. But i guess we'll see fruit for the median average prices. Yeah i'm average. Went down a little bit but you know that can have one mansion or whatever selling so i. i'm still holding my breath and got to get a cup of coffee but on that we might see some just price declines this year just based on that just as you know the different union mix to start selling or not sung as much like we might actually see some on paper. Some overall price declines on the average or median home prices. I wouldn't be surprised about that either. I guess just to kind of highlight so that if if we start seeing news articles of median prices are declining. I think it's at that point. It's probably better to take a step back and look okay. We'll how was it still year-over-year it's still going to be significantly high-teens but twenties higher than it was last year. So yeah but just kind of taking that Larger approach to that so for some denver. Stats here our. I like active into our active inventory at the end. This month was thirty percent higher in july and compared to june But still thirty seven percent lower than it was a year ago so receiving tori creep up and we get a really nice graph up here in denver that i wished the springs would put out That shows the inventory or contract here. He actually see you right here. You know it looks like a a spike up inventory on the graph year. Which is you know which is good to see Maybe active in tori actually get a back above Under contracts at some point which would be a much healthier market once it happens but our new listings. I think he said you're gonna drop right. Is what you said a tiny bit. Are you listening. The new listings are down. Both were like Prior month from june. July and also year year-over-year year so euro a couple percent. We were down. I mean sixty percent between the two. So that's you know. Go figure once they said they're all basically about the same now. They're not right. I think we were swapped last month right. I think i can't remember all these numbers blend together. Now what about. I mean okay. So i don't want to go too heavy on status because throwing numbers especially to markets can put people to sleep and either stats talk about four is kind going just a more general updates. Maybe just the showings are.

denver color springs sooners chris Sarah youtube
"denver" Discussed on Denver Real Estate Investing Podcast

Denver Real Estate Investing Podcast

05:52 min | 1 year ago

"denver" Discussed on Denver Real Estate Investing Podcast

"Hundred eighty thousand dollars now course including their down payment about eighty five thousand but the about one hundred thousand dollars equity area of additional equity. That's not cost. You're between mark appreciation and their tenants paying down their their loan principal so hungry thousand dollars equity dial progress options maybe plus cash your cell and ten thirty one hundred up exactly the they. They're going to have so many options on this house. In you know i. Obviously we can't predict the future but my hope for them is that This house is as low maintenance as we're anticipating that it will be. It'll just be a solid property. Sit and grow for them. Great right right mustang. Wanna look at just so. I stay up to date because this is how i love coming learn about. This brings market so looking at about a four percent rate which is similar captured seeing up here in denver and again this is pretty conservative. Conservative underwriting we could change that make it a higher cap rate but right around four percent capri so again similar returns overseeing springs and denver but just a lower price point potentially a little bit longer runways since spring tends to trail denver by a year or two three years. Yeah i think so. And i mean even at this the rent rate at which i'm so pumped for them as is awesome rack rate is still considerably below the market average for a three bedroom. Single family home push up. Yeah i think that they have a leg room to grow on on that as well. In addition to what. The market's already giving them for awesome. Yeah i'm so excited for the client and great job to you and leah forgetting done and making it happen because it's not easy right now all right so moving over to some of our questions here as we go through our questions around in the deep dives today so jenny questions that the clients in listeners have asked on here you know a couple. I think he might four six weeks ago..

denver jenny
"denver" Discussed on Denver Real Estate Investing Podcast

Denver Real Estate Investing Podcast

05:42 min | 1 year ago

"denver" Discussed on Denver Real Estate Investing Podcast

"Did t seventy is look at him in at so so humming that. Increase your cash close by me. What we went from about thirteen thousand. Yeah so many huge amounts some more down. What's their interest rate. Three point three seven five. Ooh as a wonderful reports seven five thirty or six. Yep thirty are fixed. All right going back to your potential spoiler alert. What did this printout for fourteen fifty. Were you surprised. By the iowa's shocked. I told them number. I did at fourteen hundred okay. So we're gonna catch fourteen hundred fourteen fifty four so i was super pumped for them when they said that vacancy three percent ruining crews three percent appreciation five percent. We'll just put effective tax rate to twenty five to keep a consistent property management so we got denver investors and they live in north ender. Remember correctly Self managing or property manager. So this is kind of a fun fact despite only being our this Couple has never set foot in the home. So it's the best of both worlds there an hour away from this house. They go down there if you know. There's a major issue but you know we worked with them. She was there on the ground Person to to get in there for inspection showing all that good stuff and they've they've never seen the home So now they turned it over to a property manager. Stand thing that property manager is taken it and run with it and obviously getting very good rents for them as well. So it's a pretty interesting. I like that style. Yeah yeah so. Ten percent is what we're using for that mcdumber suffer. Pm repairs maintenance. So they're actually budgeting pretty conservatively at ten percent Which was this house built in the seventies. They're these houses are pretty solid. Generally speaking the bones are really good. So i think that i think they will be pleasantly surprised with that number just again a joy nope no way. Taxes real estate taxes as in the year. property insurance Eleven hundred year. And then how you till these our landlord paying all in the tenants thing. I'll tenant okay and this is through. The things have one utility for everything right. Yeah so this particular houses all very colorado springs utilities They would have to do trash separate. But yeah everything set up through there everything when you storm will tense responsibility. Yes and that was one of the major features said these clients liked about the property. Is that it was recently zero escaped in the front yard so they don't have to have any surprise. It landscape surprises from tenants. There's less for them to worry about. Long run so yeah luster them to kill by. Not watering yes. Yeah i can't kill rocks. I guess say all right and other inputs now all right so go to cash flow tab here so we restate all the date on here so they bought this house a three one for about two hundred eighty three thousand down but eighty five thousand dollars all in between their down payment closing costs and some initial repair costs and annual rental income is about seventeen thousand for the year after starring subtract out Vacancy and all the expenses. They're ny is just north of eleven thousand a year annual mortgage payments about ten thousand year their cash.

iowa denver colorado springs ny
"denver" Discussed on Denver Real Estate Investing Podcast

Denver Real Estate Investing Podcast

03:23 min | 1 year ago

"denver" Discussed on Denver Real Estate Investing Podcast

"Not gonna look at houses not really sure what's going on but Yeah it it's it'll be interesting to see how the rest of the summer plays out for sure and some other good news to fight my reference notes on here is that rank growth has gone up mean year-over-year were sitting around right about five percent rank growth. Because i noticed too. Like i mean richard pretty flat last year during covet and i mean what late winter early spring we start just seeing rents. Go up and our start seeing the data. So that's the good thing. Yeah i think it makes sense because you know most landlords like to keep rent study for for good tenants and everything and as tenants decide. Hey i can actually move. I can go to a different property to live in. That's an opportunity for owners to also increase their rent rates as well so that's probably contributing to that would be my guess 'cause you know i'm actually seeing a couple of my tenants leave this summer You know. I didn't have hardly any turnover last summer this summer that i guess they're feeling more comfortable moving up or whatever it is that they're doing and i'm using that personally as an opportunity to to raise france have issues with you know rooting them out I guess we'll we'll find out. I'm currently renovating a couple of so. Yeah we'll we'll we'll find that out later and as a plug. One does is one. Rex gonna walk tomorrow Cool youtube video property walks for after photos which during the property alight analysis to on. Why we're doing it so we are recording. That should be out some time. And i think probably late august video out so f- foia. She got youtube. Everyone's all right so as far as data here Same thing we're very much the seller's market for denver in the springs at denver seeing a little more morbid inventory build than springs is You know month to month both are still historically low. Compared to last year and just previous fears We're star see rents bump up as well so same old same old but rinse her going. And we're getting a little bit less pressure on the buy side which is nice All right so let's move over to our deep dive. I'ma pope spreadsheet here. Jenny because this is a property that you and lee help closed client and an extra client that Press networked worked with up here in denver. She's about i think her husband bought. I think one one property up here and one rental up here and the slash. They went down the springs. So you guys work with them so take a step back and talk to four hundred property why they put their focus down the springs versus denver. Tell you why yeah. i mean. we're getting a lot of people that have previously invested in denver but are attracted to the the price of entry in colorado springs. I mean the fact that they were able to get a single family home. What we're about to discuss. The numbers are probably very interesting to to denver Investors just because there's so much lower but the return is not that much different so i think that's it's a really good opportunity for people great so this was a three one detached single family home Investment property. And what we're doing right now. Is we are plugging this. Live into the spreadsheet the deal now spreadsheet that joe nasty provides force is proper tool kit so feel free to the website download it. You can use the exact same tools that we do..

denver youtube ma pope richard foia france Jenny lee colorado springs joe nasty
"denver" Discussed on Denver Real Estate Investing Podcast

Denver Real Estate Investing Podcast

04:55 min | 1 year ago

"denver" Discussed on Denver Real Estate Investing Podcast

"Fan. What's colorado chris. Oh dear and looking back to their drinks and deep dive show today are factoid is actually market data for colorado springs and denver. There jump into a deal analysis for three bedrooms. One bathroom house down springs which is very close to couple rental properties. Jimmy bela zones. I won't go through a couple of questions. That clients have asked us last few weeks but first off juice my guess jenny good morning in whining. Has it gone chris good. I'm glad you made drive up here to the studio days. It's fun and you're in person. Like i said it's always a new route to get up here on. I twenty five. So i thought was interesting making my way up this way so yes structure game yet so i think most people know you are if they don't jenny urine our southern co you run our southern colorado division. You know you guys are doing a great job. In the springs help people buy and sell properties in the springs. And you're starting to expand down the pueblos well so journeys incredibly knowledgeable for the market. And that's wild. Shows me focused on today but gentleman chart market updates i Let's start with color springs and then can jump over to denver jen factoid. Here jenny where do you want to start with. What's happened in the college. Free market from a high level overview so broken records same old same all however it there's a physical feeling. I think regarding the market that is just a little bit less intense than it has been so it's still hot. I mean every it's very difficult to buy right now I don't think this guy is falling is just. There's a little bit of breathing room. You don't have to jump on something the second that it comes onto the market. You have a little bit of time to think things through So i think that's important to just kind of point out and put into context And you know. Just yes i think that transcends to the data that we're about to talk about as well what's even tori like from my keno year year. Compare last couple months. yeah so that. that's that's kind of interesting is that inventory Has been steadily going up a tiny bit. there's a little bit of a drop back Between last month and this month So it's kind of a little bit of a disappointment. is significantly less than where we were this time last year. Which is wild to me because we're right in the midst of of kobe. The saimaa steer so people didn't want people going through their home so the fact that there's even less on the market now Is is a little bit wild But yeah so. We still have room to go. We're thinking that things are gonna show a little bit of an upward trend last month But went back down again inventory wise north from us here denver for our mentor. Can't get some context here so june. Twenty twenty one You had a total active.

Jimmy bela jenny chris good colorado denver colorado springs chris
"denver" Discussed on Denver Real Estate Investing Podcast

Denver Real Estate Investing Podcast

02:42 min | 1 year ago

"denver" Discussed on Denver Real Estate Investing Podcast

"They actually have and size up into something that large. I feel like there's like a. Wow moment when that happens. When i put that number out there because people don't realize that wow i right now have two properties that are worth only one point three million at the moment and now i can have. We'll only they only like only in comparison the fact you can turn it into four point. Four million dollars a real estate. I mean that's like that's the and and you sure right because this is a lot of people experienced this often overlook it because deal with real estate cafo. See a very big thing. People focused on the market like denver. You know we've had great appreciation. Yep should continue appreciations that equity to the money p your equity. There's so much potential there that you can. I mean going for you. Know a one million dollar portfolio to afford half portfolio. Yeah that changes retirement that changes it changes the whole game and it also changes your options so another thing is at once you get into the commercial lending space and you have properties of this size you now now you can leverage again to multiply that right so think about it. You just went three point. Four three times acts your portfolio in this one move now machu again. In seven years the night you can maybe go to eight or ten or twelve million dollars of real estate swap. Draw right and that's exactly and just keep keep keep going he moving. I mean go you just got to keep keep them them pieces moving. You really can. You really can make a lot of changes here so great. So what you nailed that point. They've got one point one million. Let's say that's what they were. They sell property. They get that they go up to hear. A new ran this narrow through a twenty three and apartment complex down in the springs yet. And it's just a deal. You've looked at recently and numbers about fit. What this client has. Of course you can go into multiple properties. Low price point all-star stuff but this is just going to be catholic very white kind of have like residential multifamily. And let's just scale up into a bigger property f-bomb to keep things simpler so yep trading up walk us through these numbers because this is this is rare. It gets very powerful okay. So now you've decided to sell your eight units and this is a twenty three unit apartment complex in cars springs so it's selling for four point one three million dollars which is basically right in the affordability space that the client can purchase so this particular Property in the the right up is bringing around three hundred thousand dollars per year in revenue rate with about one hundred and five thousand dollars of operating expenses..

denver
"denver" Discussed on Denver Real Estate Investing Podcast

Denver Real Estate Investing Podcast

05:16 min | 1 year ago

"denver" Discussed on Denver Real Estate Investing Podcast

"Number has seen about a five point eight percent rent trend trending upwards between last year and this year at this time. So there's some significant recovery. that's happening here in denver and it also emulates the state of colorado which is doing really well to the statewide. Were up nine. Point five percent which is above the national average. So we're doing we're doing really well So that's kind of the big picture. I wanted to start with the distortive. Compare the country The state and then down to the city and the denver metro. So do you know for the says. Denver's that just for denver metro is actually for denver counties slash city. It's metro we're going to break that. That's a great point so let's go to the next line and then we'll talk about that so that is denver metro and you can see It's right there in the center of this graph where you're comparing to other markets like phoenix colorado springs seattle san francisco san diego That have seen some significant year-over-year upward trend. So this is also june twenty twenty one looking at where the rent numbers are at the moment and so this is a median average for a two bedroom. So i just wanna put put that out there as well so a two bedroom. Average in denver is seventeen hundred. So if you have a two bedroom running above that Great if you're not at seventeen hundred on your on your two bedroom might wanna consider based on the condition and location You know moving toward that seventeen hundred mark and again. That's an average. That's the middle of the bell curve. But it's a really good number it. Just you know to look at and that tracking above you know some of the other cities out there in comparison whereas of course somewhere like san francisco los angeles san diego. Of course they have much higher rent numbers which is pretty normal But also right now have some of them have higher vacancy rates so But yeah but i thought that was just a great number and then if you go to the next live on amazon i i want to put out a few things. There's denver on their you sitting median. Seventeen hundred And shows that fiber percent growth austin's knacks which is interesting. I feel less than denver's the austin's probably been the craziest market but for collins is next month craft at fourteen fifty Medium two bedroom and the springs is at fourteen hundred for meeting two bedroom. Yup and what four been around that five percent year earring growth. The springs is up. what's that about. Four hundred eighty four percents. Oh right here for the rink growth right. That's so that's actually your a rear total. Yes correct your cargo for the total rank. Definitely some big ones. Okay so. I mean all on the front range. Just solid numbers. Were seeing rink. Growth beal in those three markets. So great great point. That's an awesome point so now this is where it's like denver metro and looks at the entire metro..

denver san francisco los angeles san diego colorado colorado springs Denver phoenix seattle san francisco austin amazon collins beal
"denver" Discussed on Denver Real Estate Investing Podcast

Denver Real Estate Investing Podcast

05:48 min | 1 year ago

"denver" Discussed on Denver Real Estate Investing Podcast

"A a a higher-than-expected gas bill. Which as you know we were chatting about that back and forth and just you know gave some thoughts and you know. He's got the property manager digging into it which is check her property man. They can be the bad guy. Yeah so i mean we expect to be around that. Because that's more what we see with other properties a boiler system should be more efficient and yet expenses on landscaping We're gonna underwrite about a thousand dollars a year for snow removal along. Care stuff like that. There's a sprinkler system here so You know they're gonna wanna keep up with the lawn and all that so just about a thousand bucks a year to to be conservative. Okay now those rent numbers you gave above nine hundred ninety five and two thousand two. Those include utility bill back in there. Yes those are cast of utilities right now and so we just took the because that's estimating as far as like can there is more room nato on top of that. Yeah i think you could probably do a utility bill back about a hundred bucks a month per per unit. Okay sir right now. Standing as is with those numbers. Let me see comes down here. It's about a break. Even castro negative six hundred dollars for the year which is native point three percent cash on cash return and a four point one percent cap rate. So here's where it gets interesting Let's go back and actually change until you numbers around some. i'm sorry the written numbers utilities. You're staying on top of this and other one hundred dollars. Yeah i would say. That's pretty conservative. Seventy five hundred bucks a month per unit coming here instead hundred dollars per unit on there. And that's where changes from a four point one to a four point four percent capri and so three tenths to appoint yep is significant and positive cash flow. So this o important thing. Look as you'll get properties underwriting them and even once you get through your initial due diligence phase is you know. Don't get to fixate on like a hard number like oh this has to be above four point five percent cap rate because i mean fifty dollars a month in extra rent. Utilities can move it one or two tenths of a point. Exactly a few dollars a month is not allow money like. You're not really going to see that right. Yeah no one should so many different levers you can pull to get the numbers where you want them to go And that was something that was really nice about working with this client is. He was very open to that and very understanding of like. Hey i know this is all very fluid but like this fits for where i wanna be in what what works for me so still getting a great return. The money we're talking twenty mid twenty percent return through an appreciation cash. So depreciation debt pay down and for appreciation. Let me see what variable that. We've got a five percent appreciation rate in there which is very reasonable and i think the three percent rate increases probably pretty conservative as well especially for the market that we're in here in denver. I think that you know five percent is probably going to be a little bit more likely inaccurate especially as we move into twenty twenty two and twenty twenty. Three at seems like rents. Go up this year. They're finally creeping up and Catching onto where housing prices have gone and the fact that there's not enough supply so one of the things i know for this client is seeing a he was. He's very much. I'll say more. Like trent focus in terms of of investing where. Hey denver is a great market. That's growing as you just ride that wave of growth and he was much more interested in just equity and appreciation. Bill i was like mandal is driving..

nato castro denver trent Bill
"denver" Discussed on Denver Real Estate Investing Podcast

Denver Real Estate Investing Podcast

02:48 min | 1 year ago

"denver" Discussed on Denver Real Estate Investing Podcast

"To that. Excite lines are not cheap nustar treated and neither are boilers in a house of this age. having the boiler is gonna be way more efficient than what we typically see with normal furnaces right as long as it's been serviced and updated and kept up so you know boilers will ask twenty five thirty. I mean i've seen some. They're eighty years old and some of these older buildings right but as long as you keep up with them. The maintenance cost is is going to be less than a replacement. Costas be for the client in long run. What was the interest rate on this property. Three point eight seven five thirty year fixed right your fixed conventional store friends over kathleen cook. Now rents. what's that like. yeah so rents. The upper unit was rented for eighteen. Ninety five or actually nineteen ninety-five. They just up that one and then the lower unit they got least up at two thousand dollars all right just an four thousand dollars a month. Total in gross rents property management. Assuming yes since aba state yet. Yes property management I think he's just at nine percent monthly reserves maintenance. I mean what five percents a turnkey property five percent. i mean. obviously we're very conservative. When we underwrite stuff. I think our client is using eight percent for his own Spreadsheet but. I think you know five percent is probably very workable for this property for the first few years. It should be you know. Knock on wood right. It should be minimal stuff. Okay so hoa no taxes Taxes just under three thousand dollars to twenty nine three insurance Twenty six hundred okay now. What about utilities. So this is where things get a little bit different with this place that there are not currently a rub system utility bill back system in place right so that's one area that we that our client can improve on and he's going to work on that with property management but for him. It was more important to just get the property stabilized. Get everything done. And then they can work on that. As lisa's turner's tenants extent leases and things like that so Water and sewer is going to be about fifteen fifty a year. Okay trash draft. We're gonna run at three hundred dollars a year so r vata just implemented new citywide trash program Which is really cool. Because it reduced. The trash costs a lot of the residents. Something now just like denver They bill back to the tenants. You know on a on a quarterly basis. I believe in. It's going to be about twenty five to thirty bucks per property per month. Wow okay and that's even give you the free trash cans. Wow yeah. Electric is a separate meter. Electric has separately meters. That's all gonna be tenant's responsibility. What about gas boiler. So probably yes. Single meter single meter on the gas Gonna hopefully somewhere you know. They're kind of getting everything stabilized right now but should be around one hundred fifty bucks a month so we'll just call it eighteen hundred bucks a year and that was one thing we know is like right after it closed..

kathleen cook Costas Excite aba turner lisa denver
"denver" Discussed on Denver Real Estate Investing Podcast

Denver Real Estate Investing Podcast

04:51 min | 1 year ago

"denver" Discussed on Denver Real Estate Investing Podcast

"Yeah so that was something we were. You know a little bit unsure of how it was going to go because we went live the weekend before fourth of july which is typically not a great time to do it. You know seasonality wise and we'd started showing trends and showing traffic drop off but it was one of those things where we knew it was either listed then or we're gonna have to wait till after the fourth of july so we went ahead made the decision to listed And we ended up having a over sixty five showings In two and a half days Fielded over twenty different offers on the property. Wow we were pleasantly surprised with that just knowing what we were seeing out in the market. But i think that just goes and speaks to the fact that. Hey if you have property in the right place it's priced correctly and that was a ton of the feedback that we got was like. Hey was priced right. You did your job and that's going to drive offers all right so moving on to our deep dive here. This is going to be a a duplex for talking about preston that client purchased fairly recently. I needed to pull the spreadsheet behind. Get some back story on the klein in his goals. Like at the spreadsheet pulled up if you could yeah absolutely so this is a client that reach out to us from out of state Very well educated buyer knew he wanted to do wanted to invest in. Denver has a fulltime job. Didn't want to have anything. That was going to require a ton of time on his part but he knew the rea- the expectations of investing denver investing out of state were fitting his profile right and for him. It was not about cash flow. It was more about just taking you know. Some of the money that he had and putting it in a property that was going to allow him to ride the appreciation wave..

preston klein Denver denver
"denver" Discussed on Denver Real Estate Investing Podcast

Denver Real Estate Investing Podcast

04:30 min | 1 year ago

"denver" Discussed on Denver Real Estate Investing Podcast

"What everyone chris lopez here and welcome to another drinks and deep dive so today. We're gonna talk about showing trends. The are changing here in denver broncos through a duplex that client recently purchasing denver. And go through about how great long-term investment whilst matching up what his investment goals are as the state investor. Go through a couple of common questions that clients have been asking us recently and my coast days pressed a newbury preston. How are you. I'm doing great chris. How're you doing really good joying enjoying the shows here as we're getting a better rhythm getting a better rhythm having a lot of fun digging deals and enjoying it. Yeah it's all it's all coming together. Giggles like for the show. So when they mentioned again before we jump into a first factoid is just last week but we are stirring to redo our whole au or accessory dwelling unit podcast series. We did two or two years ago. The first version a lot has changed. We're doing a second version now. So i've got a two question. Survey love people fill out. You'll be in the show notes and comments here But one question. About what questions do you have. the other is. We're looking connect with experts around denver. That have built us that finance aid us that you know all different aspects say to us and have also and we also want to connect with people have built themselves conventionally. Come do some video walk throughs. So if you have any eighty us please fill out that survey so going to our factoid today. So we're going to talk about here is just showing trends so you know every month. We typically cover this In our monthly market update but want to talk about today. Because we just came out. This just came out a few days ago and what this does is this shows. How many showings are scheduled through the common showing service. That realtors and clients use to book showings. How many showings are per property. Now you can see this year in two thousand and twenty one that purple lineup there. We've been very high like been the twenties and the average for many. The last couple of years have been between like ten to fourteen. Yep so almost a fifty percent. Increase in some instances over showings per property..

chris lopez denver newbury preston broncos chris
"denver" Discussed on Denver Real Estate Investing Podcast

Denver Real Estate Investing Podcast

03:10 min | 1 year ago

"denver" Discussed on Denver Real Estate Investing Podcast

"They'll also give you seventy five hundred dollars will go towards closing costs It is depended upon how much income you make One fifty or less. You have to make which is meant like people i would say and then you have to have a good credit score and then it is like location driven so kind of on a sliding scale the more money you make You're going to have to buy like a low income track area. He make like a moderate amount of money. Like around hundred thousand. They're going to want you to either by a low income track or moderate income. Track area But these newer bills community is being are being built and a lot of these low to moderate income track areas. So if you look. I think i forget how much anthony ended up putting in. And he bought like a brand new town on for five sixty with that. Seventeen thousand dollars towards it The interest rate he locked in was at two point five with no property mortgage insurance to where it was you know. The property was more than what he wanted to spend but the cash outlay for him ended up being the exact same that he was he was willing to initially do So if anybody is interested in learning about that program it's very interesting program and we've been seeing it working really really well and for these particular projects and you mentioned there. You know with the The airbnb so that's been really interesting. The flashers again more new builds dressed. We're seeing a trend of more builders as routes it's the local smaller builders were. They are building things with you. Know mother-in-law sweeter year being beasts. We found to be found a handful of complex around town. Where they they. They have the bill that were. Hey you can airbnb. This kept medium term rental it and it's really cool so no listeners out there if you guests have questions about this obviously like you know lawrence on top of this and also internally as well like lauren our their team members as well like we all are out there looking at properties. We all share information. We have a pretty good spreadsheet wiki for hey what's going on so as r- able to aggregate are combined experience that just that day to day knowledge of conversations and driving around town and phone calls website visits and aggregate the data in a spreadsheet. Help people fine you know properties right location that meet their numbers that may be worked out sometimes for various lending programs that have like sometimes also have a mother-in-law sweden there So we are really trying to carve out some great knowledge base next acting radic clients have questions. Please reach out to me. Reshot the lower and see you can tell. She's very knowledgeable in this topic. Laura thanks so much. This is great islanders. Kenmore things today. Thank you guys have any questions. please call us. Hit the website up. Reach out to us. We love talking about this puppy. Figure out if this is a right Next step for your strategy but the punchline is new builds are they worth looking at the big y e s the absolute and the current market with all the other stuff that lauren talked about. The thank you..

anthony radic lauren lawrence sweden Laura
"denver" Discussed on Denver Real Estate Investing Podcast

Denver Real Estate Investing Podcast

03:48 min | 1 year ago

"denver" Discussed on Denver Real Estate Investing Podcast

"So it's just another thing consider on here. So as investor need put down fifteen to twenty five percent as a house hacker the same zero five percent down options so this property overview. This is actually new billtown home that pressed in newbury purchased. I think back in september or so. It's near denver university. It's a three bedroom. Three point five bathroom layout and so all these new bill townhomes. Pretty cool The first garage Entryway and then bedroom with a second floor is kitchen. Living space living room third floor is like the basic to master bedroom's so every room has its own bathroom which rousey command more rent and help. If you're doing a room by room rentals well suppressed and got his for about five hundred sixty thousand dollars and then all of the same underwriting on here so as a twenty percent down landlord you'd be all in for about one hundred and nineteen as a house. Akra about forty three thousand dollars. Net a capri on this four point. Four percent the cash flow when you move out or as a landlord investors about five hundred five hundred dollars a year as a house. We've out about native thirteen dollars a year about native one hundred dollars a month so both of those are considered about a break even because we just have underwriting in here and to both of these do include a ten percent property management fee. Now let's talk about condos. Now condos are probably. The trickiest wind comes to financing for owner occupied house akers but they typically offer the highest cap rates as well the sweet spot for condos or three bedroom two bathroom places we buy majority and second areas like lakewood westminister and after that it's all over that but aurora is definitely the hot spot for condos. It's just a great rental market and a great price point as well and those kinds of need five thousand dollars or less of rent costs a lot of times. You know maybe a new furnace for some new windows or some handyman stuff very minimal so as a landlord just assume twenty five percent down. For thirty year fixed there are some weird underwriting rules railways that often can cause issues to make sure with a lender one like joe mazza knows. Hoa's because they help us win deals all the details but just assume a twenty five percent.

fifteen twenty percent thirty year joe mazza Four percent ten percent september about forty three thousand dol five thousand dollars third floor second floor about five hundred sixty thous zero five percent one hundred dollars a month about one hundred about five hundred five hundre both twenty five percent thirteen dollars a year two bathroom
"denver" Discussed on Denver Real Estate Investing Podcast

Denver Real Estate Investing Podcast

04:34 min | 1 year ago

"denver" Discussed on Denver Real Estate Investing Podcast

"A property for a year and a lotta times out and convert to rental property now. I analyzed properties as a house aker. I'm looking at that assuming they've already moved out. I'm not gonna go into data about while they're living. There might have a roommate or truman's with roommates. That's not necessarily. That's not a long term investing. That's just reducing their living expenses at that moment and allows him to save for next property. So i will go through both of those and for most house. Hackers putting zero to five percent down. Va loan zero percent. Fha three and a half or conventional and five percent. So let's start with the tach single family residences. So i always like to clarify tach means. There's no attach wall says condo multi unit and not a town. Home is a house that does not touch. It's neighbor's homes. So if you think of all the house suburbs those are detached homes and these generally have the lowest cap rates a lot of times like you know like a low four. Hi four percent right now and that's assuming with a traditional rental lease now. There's two caveats here. We can get the cap rates up. One is by utilizing the room by room rental strategy. And that's where let's say. Buy a house most people now to one tenant so you know one family moving in there or you can run out to multiple people. We're not room one room to room through him for five and so on so our house akers do that mother living there and once they move out very few investors though do because. Here's why it's a lot more management work. We have not been able to find any good property. Managers actually managed room by room rentals. If you are wondering no one please call me. We'll become really. We'll become friends really fast this way because we live investors interested in this. The other thing is depending on what part of town. You're in a lot of the policies do not they have certain rules for how many unrelated people can together and so every town is different. And i'll go through a couple quick charts here because this is Something actually jeff white semi while ago from denver. Some denver commission or some denver. Study so right now. Denver in inglewood are at two unrelated adults living together so really harder at room by room that strategy. If you wanna stay within the rules some people do some people. Don't that's entirely up to you to understand the risks award ratio. Now people allow three boulder. Commerce city for collins littleton we ridge four aurora brain golden northglenn thornton west minister five or castle rock colorado springs languid longmont.

zero zero percent five percent two caveats four percent inglewood collins five one family both a year Denver denver three and a half One longmont thornton single one tenant littleton we ridge four aurora
"denver" Discussed on Denver Real Estate Investing Podcast

Denver Real Estate Investing Podcast

01:53 min | 1 year ago

"denver" Discussed on Denver Real Estate Investing Podcast

"That's great pretty amazing. So yeah this is just a great deal. We wanted to cover because the numbers are phenomenal. It's a low price. Point is unique loan program. And i mean the barking dishes were a couple months ago. They write tough back then. Tough now but you've got the deal got in at the right time. A couple of things. I did want to mention is that he did us. Down payment assistance On this so that does need to be paid back if he wants to use the property as a rental so his plan is to do that over the course of the next year to eighteen months while he's saving money because he's renting out his spare bedroom he's going to have enough saved up to toe hopefully be able pay that back grief And then the other thing is just looking at this key was paying. I think nine hundred or a thousand bucks a month in rent and his mortgage now is a little bit higher than that about twelve hundred with all in and so again renting out a room. He's already decreased what he was paying in rent. Buy almost half. So is this plan to do this. And then once it's been on paid off and saved up go out there and repeated again exactly i mean that's i mean that's good for him and this is i mean these numbers they work so if you guys want to get creative out there we on the market stuff but you're able still go out there and get good deals done. That makes sense in the big picture of your investment profile and also just you know what we have going right now in the denver market as well any final thoughts just that house hacking is creatively. We're looking for deals and everywhere we ran so it's not always the five bedroom house that you are renting out every room that you can do it with a two bedroom condo great stacey thanks so much thanks chris..

nine hundred chris next year denver couple months ago two bedroom eighteen months about twelve hundred five bedroom half a thousand bucks a month almost
"denver" Discussed on Denver Real Estate Investing Podcast

Denver Real Estate Investing Podcast

05:51 min | 1 year ago

"denver" Discussed on Denver Real Estate Investing Podcast

"Hey rotten crisslow pass here today. We're gonna talk about the denver. Markets data for january twenty twenty one saw. Go through the mls stats. That came out for january just a couple of days ago. Plus i'm gonna give you some updates on distressed sales and the numbers are actually seeing hit the market now because about what ten months ago has when forbearance started so i'll update on that so starting off with the numbers from high level overview. Not much change. We are still an extremely low inventory so in january twenty one we had about. We had two thousand three hundred and sixteen active listings at the end. The months single family property so homes condos and townhomes so that is off fifty three percent from january at twenty twenty which was just blow five thousand properties now the december. We're about twenty five forty at the end the month so about a nine percent drop off from last month so from a year ago obviously fifty three percents a huge number. That's small drop off from the september. That's pretty normal seasonality stuff so nothing much to talk about new listings. We actually had about forty two hundred come online in january last january we had about forty eight fifty so about thirteen percent less listings and we saw a year ago which is kind of to be expected with all the other items we've talked about. Let's talk about the average closed price. Because in january twenty the average closed price was four. Seventy five four hundred seventy five thousand dollars in january twenty one. We're at five hundred fifty thousand. That's a seventy five thousand dollar increase from last year or just over close to sixteen percent increase now. The medium price point from last january january went from four twenty about four fifty seven. This january again keep in mind. We're seeing really high average numbers in terms of price because we're still selling a lot of higher end more expensive properties and we still have you know low inventory for the five hundred thousand sub properties. So we're seeing big price increases just because we have no inventory out there. The other data all kinds of fits in the line with what we've talked about in the past Again with e close price to list price. So this is when an agent or an agent seller list of property they listed for example at five hundred thousand dollars and fit sells for five ten. It'll sell for a higher percent than list price. It's the cells below five hundred thousand. It'll be a lower percent. We're still seeing higher numbers here. The close price to list price in january twenty twenty.

fifty three percent five hundred thousand dollars two thousand january last january january last year december september january twenty twenty last month january twenty one five hundred fifty thousand january last january january twenty about four fifty seven today three hundred a year ago about thirteen percent seventy five thousand dollar