40 Burst results for "denver"

Fresh "denver" from BBC World Service

BBC World Service

00:49 min | 7 min ago

Fresh "denver" from BBC World Service

"Among the current NBA players surpassed a record. It was set by one of the greatest scorers in league history a couple of hours again, so hurry driving curry flipping it up it in into the basket on now into the record books, the most points ever, and warrior franchise history as Steph Curry surpasses hoops, Haberland what a milestone is going to be many more milestones to come. He's still going Golden State Warriors is Steph Curry sank a lay up late in the first quarter against the Denver Nuggets in San Francisco to break Wilt Chamberlain's all time franchise scoring record. He's a very famous name in basketball and amazing achievement for one of the great off the modern game is breaking record one of the greats off the old guard if you like you their records, and I think people feel that would stand forever. It wasn't in vain either. They actually beat the Denver Nuggets There wins for the Wizards. Memphis San Antonio on the 76 is As well in the MBA overnight and to cricket and South Africa beat Pakistan by six wickets to win the second T 20 International at the wondrous stadium in Hannah's Berg, the Proteas they're not off the runs with six overs to spare more sports online as ever BBC dot com FORWARD Slash sports Thank you, James James break with the sport. Now we're gonna go to popular New Guinea, where there's been an upsurge in tribal violence on upsurge in the violence of that tribal violence, Police are warning Even all out war in the.

Steph Curry Denver Nuggets Wilt Chamberlain Golden State Warriors New Guinea James James Six Wickets San Francisco Pakistan South Africa Six Overs Wizards Bbc Dot Com Haberland Second Hannah's Berg First Quarter Proteas Memphis San Antonio Hours
Celtics Team Shows Promise After Hard Win Against the Denver Nuggets

The Garden Report | Boston Celtics Post Game Show from TD Garden

00:56 sec | 1 d ago

Celtics Team Shows Promise After Hard Win Against the Denver Nuggets

"We're talking about guys who played well we're not talking just about Tatum. We're not talking just about Jaylen Brown we're talking about some of those other guys are on the side who for the most part have not made an impact in this game Grant Williams. I mean only five points was a plus 23 and for once that was not a misleading stat when you look at how he was able to defend jokic how he was able to make a hustle plays like the one that we're just talking about where that wound up with Romeo wage. I filed at making a couple of free throws. You start going down this roster be on your big to of Tatum and brown and UC player after player after player making a contribution and gave me the one thing that it all says is that this team finally finally finally decided to fight they finally decided to fight but when games instead of, Georgia, Letting things play out the way they were they fought to be aware. Not just assuming it's going to happen. So

Jaylen Brown Grant Williams Tatum Jokic Romeo UC Brown Georgia
Fresh update on "denver" discussed on Ben Maller

Ben Maller

00:39 min | 2 hrs ago

Fresh update on "denver" discussed on Ben Maller

"Adds a Marine. We serve all branches of the military veterans and their families. My dog is a retired military working dog. I'll hope see what I can do. Find out if you're eligible and Navy Federal data Warg Navy Federal Credit Union. Our members are the mission insured by N. C way. Well, And here's what you need to know Everything final tonight in the N B. A is Golden State surprises. Denver 1 16 1 Oh, seven. Steph Curry 53 points. He also became the Warriors all time leading scorer. A scary moment is Denver's Jamal Murray did go down with a knee injury late in the contest. No word on his condition as of now. Meanwhile, Phoenix, the 1 26 1 20 winter over Houston. The sons of 19 of their last 10 games. Jae Crowder 26 points Devin Booker 24 points in the Phoenix win. Washington snapped Utah's 24 game home win streak, beating the Jazz won 25 1 21 Russell Westbrook, a triple double 25 points, 14 rebounds. And 14 assists. Sacramento falls at New Orleans The pelicans have won three straight brain in Ingram 34 point, Zion Williamson had 30 the Knicks beat the Lakers won 11 96. New York has won three straight. I'm Ralph Urban. This'll is the Jason Smith Show. Now..

Devin Booker Zion Williamson Jae Crowder Russell Westbrook 24 Game Ralph Urban Steph Curry Jamal Murray Lakers 24 Points 14 Assists 14 Rebounds Golden State 26 Points Knicks 53 Points Jazz 19 30 34 Point
Boston bullies: Celtics' 31-3 run ends Nuggets' win streak

AP News Radio

00:43 sec | 1 d ago

Boston bullies: Celtics' 31-3 run ends Nuggets' win streak

"The nuggets eight game winning streak is over after a one oh five eighty seven loss to the Celtics Denver took a seventy nine sixty five lead on a three pointer late in the third quarter the Boston immediately went on a thirty one three run and allowed just five more points after that Jayson Tatum and Jaylen brown of the Celtics attack after both were questionable to play Tatum says the second half run keyed the victory it was a big but you know there's a group in the third and kind of start the fourth Kickstarter that run and then we so then we got carried off from there Tatum finished with twenty eight points and brown had twenty as Boston won for the fifth time in six games Michael Porter junior led the nuggets with twenty points despite missing eleven of twelve from three point range I'm Dave Ferrie

Celtics Jayson Tatum Jaylen Brown Nuggets Tatum Boston Denver Michael Porter Brown Dave Ferrie
Fresh update on "denver" discussed on ESPN Chicago 1000 - WMVP Show

ESPN Chicago 1000 - WMVP Show

01:29 min | 2 hrs ago

Fresh update on "denver" discussed on ESPN Chicago 1000 - WMVP Show

"Channel 80. You can always hit us up on Twitter by handle Coleman, ESPN, Ian's Hannah and 50. ESPN. In case you missed the night. Jamal Murray, the All Star Guard. The Denver Nuggets have believed their last night versus Golden State with a left knee injury and looked really serious. Is he some of that energy trying to go up for a lab and then landed hard on the Denver basket? He did refuse the wheelchair to take him to the locker room, but that did not look good. Matter how tough he was being not one in the card. He had to be held back to the locker room. When it's all said and done, He couldn't put any weight on it. Freddie and this does not look good at all, especially the game that they made a run, and he was a seven point game at the time when when he got Hurt. Maybe we'll meet Will was around seven or eight goes down. Was one of them One or two. So it's not. Yeah, So it was. It was still a game, but with 50 seconds to go You're looking at it going, man. If you're Denver, you're gonna look back on this and go. Wasn't worth it trying to push that, but that's what that's how guys are worried. No doubt, no doubt about it, But I mean, I'm talking about front office coaching staff, not Jamal Murray. Not I get it, but also Nick Nichols. Your kids are still out there, too. But that was the only started out there. There. There. There, there dudes out there. I feel badly for him. And the worst part on takeoff is when it looked like that need double. Exactly. Then you landed on it again. And boy. Oh, boy. We want nothing but the best for him. But Jamal Murray suffering that injury for the Denver Nuggets, and that 1 16 when I was seven loss The Golden State wars and games and not played. They do to the police shooting of Dante right in Minnesota, involving the wild, the Timberwolves and also the Minnesota Twins. A lot of protests happening. A lot of Stuff going on with that. But those games were postponed in the interest of making sure that people gonna be a safest possible with all that happening around the arena is evolving the wild the tables and stained with the Minnesota Twins play. Each and every night about this time we give you a little something. Something could be a rent. It could be a raid, but it's always something good that we like to call Freddie.

Nick Nichols Jamal Murray Minnesota Twins Espn Golden State 50 Seconds Minnesota Dante TWO Will Freddie Denver Nuggets Timberwolves Twitter Seven Point ONE Coleman Channel 80 Each Eight
MLB All-Star Game Reportedly Moving to Denver

NEWS 88.7 Programming

00:47 sec | 1 d ago

MLB All-Star Game Reportedly Moving to Denver

"Francisco. The governor of Georgia is stepping up his attack on Major League Baseball days after the league announced it was moving this year's All Star game from Atlanta to Denver. Baseball officials say the decision was in response to a newly passed state law, which critics say will suppress black and minority voters. Republican Governor Brian Kemp says the move will only hurt minority owned businesses, especially those near the stadium that have gotten hit. Covert 19. Now they're getting hit by decision that they had no control over. And that's not right. Several groups have filed lawsuits over the voting measure. The bill includes strict identification requirements for voting by mail and limits the use of

Baseball Brian Kemp Major League Francisco Georgia Denver Atlanta
Fresh update on "denver" discussed on ESPN Chicago 1000 - WMVP Show

ESPN Chicago 1000 - WMVP Show

00:57 min | 2 hrs ago

Fresh update on "denver" discussed on ESPN Chicago 1000 - WMVP Show

"Over Two different people on each side. This game, which had all sorts of excitement for Steph Curry just took a very sour turn for the Denver Nuggets again under a minute to play. Denver's losing by seven. Jamal Murray has left the game What they left leg injury. He has grabbed his left knee. He did it on a plant and try to explode. Keep me updated SportsCenter all night with J. Reynolds Course party and Fitz Simmons to round out till the top of the hour. Whatever details become available, but Jamal Murray for the Denver Nuggets Nuggets season might have just taken a dramatic turn. As for this game, Steph Curry's Gone for 50. He's 10 of 18 from the three point line. Golden State by seven Curry a 50 point game. He is the first player ever to have multiple 50 point games in a season, which is 32 years or older in NBA history. We're back on Tuesday, and we've got two rounds of males. Madden's We'll tell you how Sam Donald Trade impact the.

Jamal Murray Steph Curry Fitz Simmons 10 Sam Donald Trade 50 32 Years Denver Nuggets Curry Tuesday First Player Madden 18 Seven Two Rounds J. Reynolds Denver Each Side Three Point Golden State
Kemp: Moving All-Star game will hurt business owners of color

NPR News Now

00:54 sec | 2 d ago

Kemp: Moving All-Star game will hurt business owners of color

"Republican governor is continuing to criticize major league baseball after the league moved. It's all star game to denver over the state's controversial voting laws from member station w. a. b. e. roxanne scott reports at a press conference. This weekend governor. Brian kemp said the move politicized baseball. An hurts businesses owned by people of color who have already been affected by covid but critics of the law which places ide- requirements on absentee voting and limits the use of ballot drop boxes say disproportionately affects people of color. The mlb said it moved the game from the atlanta area. After having discussions with players the law which was signed last month also expands weaken early voting and criminalizes handing out food and water to voters waiting in line to cast a ballot. Several groups have filed lawsuits about the state's new voting law

Roxanne Scott Baseball Brian Kemp Denver Atlanta
Fresh update on "denver" discussed on Jason Smith

Jason Smith

00:43 sec | 2 hrs ago

Fresh update on "denver" discussed on Jason Smith

"Left to go in the NBA first in the Valley of the Sun. It's Phoenix with the 1 18 1 or nine lead over Houston for 24 to play in the fourth quarter. 26 points for Jae Crowder. Devin Booker has another 20 DeAndre. Adding 16 all told five son scoring in double figures. Meanwhile, in the third quarter, the Golden State Warriors with a 99 83 lead over the Denver Nuggets, but it was a big night already for Steph Curry 17,782 per curry trouble. Dr Curry goes that drives the lap. It's up, but good and there he is. Stephan Curry, now the all time leading scorer and Warriors franchise history. Call for the Warriors Radio network 48 points so far in the night as they have that 16 point lead. Meanwhile, Major.

Jae Crowder Devin Booker Stephan Curry Steph Curry 16 Point Golden State Warriors 48 Points Denver Nuggets 26 Points 16 Houston 24 99 Nine 20 18 First Warriors Radio Deandre Warriors
Jokic leads Nuggets to 8th straight win by beating Spurs

AP News Radio

00:39 sec | 3 d ago

Jokic leads Nuggets to 8th straight win by beating Spurs

"Another dominant performance from the coli okay draws just enough as the nuggets racked up their eighth consecutive win one twenty one one nineteen over the spurs yup it's logged a triple double with twenty six points thirteen rebounds and fourteen assists between Gandhi from really really good most of us passionate people online I think again we did a really good job on the on the global and on there are there are kind and may make her truce losers of five straight San Antonio was down by eighteen in the first half of the spurs Derek white hit a couple of free throws to make it one twenty one nineteen with ten seconds to go Bruce Morton Denver

Nuggets Spurs Gandhi Derek White San Antonio Bruce Morton Denver
Top Senate Republican slams corporate activism over Georgia law

The Daily Show with Trevor Noah: Ears Edition

01:11 min | 3 d ago

Top Senate Republican slams corporate activism over Georgia law

"There's also big news concerning the fallout from georgia's new laws restricting voter access major league baseball announced. July's all star. Game will be played in denver following its removal from atlanta in protest of the georgia law. Today senate republican leader mitch. Mcconnell traditionally a big supporter of corporate free speech slammed companies like coca cola and delta for speaking out against the law republicans by and pla on planes and drink coca cola too. So what. I'm saying here is i think this is quite stupid to jump in the middle of a highly controversial issue particularly when it got facts. Wrong i'm not talking about political contributions. Most of them contribute to both sides. They have political action committees. That's fine it's legal to appropriate. I support that. I'm talking about taking a position on a highly incendiary and punish in a community or state. Because you don't like a particular law that. I just think it's stupid

Georgia Cola Mcconnell Mitch Baseball Denver Coca PLA Atlanta Senate Delta
For MLB, moving the All-Star Game is a financial whiff

The Daily Mash-Up

01:58 min | 5 d ago

For MLB, moving the All-Star Game is a financial whiff

"On in the world of baseball, some of it somehow connected to politics. The MLB chose to move their All Star game from Atlanta, Denver the problems with that there's a lot of them first. Denver has a lot of different rules that George I just put in place that make it confusing as to why you'd move the game from one place to another place when photo ideas required when you can't give out water to people. In line and you're unless you're further than 100 ft away and wearing paraphernalia that's connected to a political party. There's a lot of things, but more importantly than that is the amount of revenue. It's gonna be lost by four Atlanta at a time when they need it, and nothing stings worse than hearing the guy in the other place, celebrate the fact that they're not gonna have an All Star game. This is what it sounds like. When you're the mayor Denver you step up. You're like, Hey, we're getting all star game. This is awesome National stage this July, right here in our city and to once again showcase Denver to the rest of the country. It's been a long year. And I can think of nothing more energizing to help advance our recovery and to boost our economy, then by bringing the 2021 Midsummer Classic back to the mouth, High city It's just It's just crazy that that's gonna be referenced time to get the amount of money it's going to come in, is also very significant here hosting this event. Is about so much more than the home run Derby or the game itself. There will be plenty of week of events activities for the whole family throughout downtown Denver. And volunteer opportunities for nearly 2000 people. And those benefits are far beyond will last far beyond July. By some estimates, this event will mean more than $100 million impact to our local economy.

Denver MLB Atlanta High City George
Denver Mayor Boasts About Hosting All Star Game Moved Out Of Atlanta

Hugh Hewitt

01:58 min | 5 d ago

Denver Mayor Boasts About Hosting All Star Game Moved Out Of Atlanta

"League Baseball's decision. I wonder how people in the Atlanta area how people throughout the state of Georgia People who love the state of Georgia feel About the mayor of Denver, bragging about all the revenue the Denver is now going to collect because of Major League baseball's dishonest Duplicitous messaging, pretending that the Georgia law suppresses votes and moving the All Star Game out of Atlanta. Listen to the Democrat mayor of Denver. Michael Hancock. Hold the steam this event. Is about so much more than the home run Derby or the game itself. There will be plenty of week of events activities for the whole family throughout. Downtown Denver and volunteer opportunities for nearly 2000 people. Those benefits. Are far beyond I will last far beyond July. Some estimates this event will mean more than $100 million impact to our local economy. That's incredibly good news for our small businesses are restaurants or hotels and our workers. We have struggled and suffered through this pandemic. It took a true team effort to get to this point. That's like that's like somebody trolling. The world. That's a troll. It took a team effort. No, it took a gutless, spineless instead of executives that Major league Baseball didn't take any team effort on your part. What team effort? Did you put it? And his family. Mr Mayor, What do you say to the black business owners and the workers? And the hard working people in Atlanta who are now gonna lose all that revenue because of this ill fated decision. What if anybody's gonna ask the Democrat

Denver Georgia Michael Hancock Atlanta Baseball Major League Baseball Mr Mayor
MLB All-Star Game Moved Out of Atlanta

The Lead

01:58 min | 5 d ago

MLB All-Star Game Moved Out of Atlanta

"Big announcement from georgia major league baseball moving. It's twenty twenty one all star game out of atlanta georgia in reaction to the state's controversial new voting law on friday. Major league. baseball made a move. That caught many people off guard and reignited a very charge debate. Then league commissioner said today that moving would be the best way to demonstrate our values as a sport major league baseball to fear last from liberal atmosphere. Absolutely art in the major league baseball has selected denver and the colorado rockies as the new home for the summers all star game today amid all the noise surrounding the decision. Evan drellich breaks down. When actually drove. Commissioner rob manfred to move the game. This wasn't about the commissioner of thirty mostly white republican billionaires waking up and saying. We're gonna have a new moral compass today. Mlb wasn't trying to make this great political stan. Rather it felt that he was going to make a political stand either way from wondering in the atlantic. I'm under sculptor. it's wednesday april seventh. And this is billy so even before we get into the controversy. Can you just remind what was the original plan for the twenty twenty one. Mlb all star game. Who's going to be a smooth calm week down in atlanta georgia where you would have the all star game. The home run derby the draft and basically a week of fan festivities around all those events. Henry was amanda greece manner patients after the passing henry aaron to to have the game in atlanta where he spent so much of his career was going to be a special part of it that you would have not just the game but this chance to commemorate one of the great heroes of the support of all time but will always be grateful for you showing all of rush how to chase our dreams.

Baseball Georgia Major League Evan Drellich Commissioner Rob Manfred Atlanta Georgia Major League Colorado Rockies Denver Stan Amanda Greece Atlantic Billy Henry Aaron Henry
MLB Moving All-Star Game to Denver

John Catsimatidis

00:21 sec | 6 d ago

MLB Moving All-Star Game to Denver

"This year's major league Baseball All Star game has been moved to Denver. MLB moved the game from Atlanta following passage of the Georgia voting Reform law. It'll take place July 13th, of course, Field home of the Colorado Rockies. Bleak says Denver was chosen because the Rockies were already pursuing a bit for another All Star game. Commissioner Rob Manfred. Thanks, folks in the area for their

Baseball Denver Rockies Atlanta Georgia Commissioner Rob Manfred
MLB officially moves All-Star Game to Denver's Coors Field

AP News Radio

00:35 sec | 6 d ago

MLB officially moves All-Star Game to Denver's Coors Field

"Baseball's all star game as a new host durations Denver thank you Major League Baseball Denver mayor Michael Hancock on the switch from Atlanta to course field for the mid summer classic it's been a long here and I can think of nothing more energizing to help advance our recovery and to boost our economy thereby bringing the twenty twenty one mid summer classic back to the mile high city the game was originally scheduled to be played in Atlanta but Major League Baseball moved the contest over objections to sweeping changes to Georgia's voting laws I'm sure the employer

Michael Hancock Denver Major League Baseball Baseball Atlanta Major League Georgia
MLB Moving All-Star Game to Coors Field in Denver, Colorado

Our American Stories

00:24 sec | 6 d ago

MLB Moving All-Star Game to Coors Field in Denver, Colorado

"From Atlanta because of voting laws passed in Georgia, including new rules on voting by mail that civil rights groups say could restrict voting for people of color. The MLB All Star Game is heading to Denver. According to multiple sources, Colorado has been at the forefront of voting by mail going back to 2013. Every registered voter in Colorado gets mailed a ballot now Coors Field in Denver will host the All Star game like

Atlanta Georgia MLB Denver Colorado Coors Field
MLB All-Star Game will reportedly move to Denver

Mandy Connell

00:48 sec | Last week

MLB All-Star Game will reportedly move to Denver

"Our guy Vic Lombardi breaking this story. Multiple sources telling him the MLB All Star Game, originally scheduled for Atlanta is indeed moving to Denver. Official announcement is expected to come soon. He says that again, according several sources, the All Star game is gonna be moved to Denver on July 13th, the home run Derby. Home. Rhonda Recourse field. I'm in for that. I will be unbelievable, Of course. Remember the Rockies course field, Denver hosted the All Star Game back in 1998 last time. But Shout out to our guy. Look, Vic Lombardi, who had this out there first, and it looks like the MLB All Star game is going to be coming here to Denver. Pretty cool

Vic Lombardi Denver Rhonda Recourse MLB Atlanta Rockies
AP source: MLB moving All-Star Game to Denver's Coors Field

AP News Radio

00:29 sec | Last week

AP source: MLB moving All-Star Game to Denver's Coors Field

"Major League Baseball plans to move the mid summer classic to core's field in Denver this to the Associated Press Monday night from a person familiar with the decision who spoke on the condition of anonymity MOB pulled the game from Atlanta as a response to George of voting rules quickly signed into law March twenty fifth by Republican governor Brian camp its critics included a number of Georgia based corporate heavy hitters such as delta airlines and coca Cola on grounds the changes were too restrictive Bruce Morton Denver

Major League Associated Press Baseball Brian Camp Denver Atlanta George Delta Airlines Georgia Coca Cola Bruce Morton
MLB All-Star Game Will Reportedly Move to Denver

Lewis and Logan

00:29 sec | Last week

MLB All-Star Game Will Reportedly Move to Denver

"Baseball's decision to pull this summer's All Star game from Georgia over its sweeping new voting law got the attention of lawmakers here in Colorado Governor Pulis plans to ask Major League baseball to move this year's All Star Game the course field Congresswoman Diana to get tweeted that Major league Baseball should give Denver A call. Congressman Jason Crowe also went on Twitter. Major League Baseball wants to demonstrate its values, so join us and leading the way. The congressman added. Our official state sport is packed barrel racing. If you come, ah literally raised the

Baseball Governor Pulis Major League Jason Crowe Georgia Colorado Diana Denver Twitter
Pilot dead after small plane crash in Colorado

Broncos Country Tonight

00:30 sec | Last week

Pilot dead after small plane crash in Colorado

"Of Decker's killed the pilot Saturday like Tablet with Jeffco Sheriff's office is a plane went down Saturday night, setting off an emergency alert. The Civil Air Patrol work throughout the night and Sunday morning to find the plane and then Alpine rescue team has played a huge part in getting cruise up to the plane. They're the ones working on getting the body out of the plane and down to where the corner will meet them at Say the pilot was an adult male. The FAA and NTSB are investigating the crash. It was a hot one in Denver

Jeffco Sheriff's Office Decker Civil Air Patrol Ntsb FAA Denver
Hats off: Donskoi scores 3 in 1st, Avs beat Coyotes 9-3

AP News Radio

00:36 sec | Last week

Hats off: Donskoi scores 3 in 1st, Avs beat Coyotes 9-3

"Joonas Donskoi his hat trick led the way as the avalanche buried Arizona nine three with the victory Colorado leap frogged past Vegas into first place in the west that's not really in our mind from our minds are you know every game getting better and I'm going to worst playoffs and and all we want to win Stanley Cup so that's our focus right now in getting his second NHL hat trick Donskoi wasted little time netting his three goals in the game's first seven minutes and thirty one seconds he has continued to flex their muscles as they have won ten of their last twelve for their part the coyotes had been playing well before three game win streak came to a halt Bruce Morton Denver

Joonas Donskoi Donskoi Avalanche Arizona Colorado Vegas Stanley Cup NHL Coyotes Bruce Morton Denver
1. Paul Hartwell - The Other Half of H2

Backstage Pass Radio

00:32 sec | 2 weeks ago

1. Paul Hartwell - The Other Half of H2

"Hey it's Randy Hulsey here with backstage pass radio and i'm joined by special guest today and we go way back to the The school days together we've played shows over the years together. He's a successful business person. Father husband a recording artists. Who has a cd available for download. Called joy in the storm will talk about that a little bit during the show. He's a local musician. And one dares longtime friends. And we'll jump into a chat with paul hartwell so stay tuned.

Randy Hulsey Paul Hartwell
"denver" Discussed on Denver Real Estate Investing Podcast

Denver Real Estate Investing Podcast

04:34 min | 3 weeks 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

04:05 min | 4 months ago

"denver" Discussed on Denver Real Estate Investing Podcast

"Yes <Speech_Male> <SpeakerChange> <Speech_Female> <Silence> <Speech_Music_Female> <Speech_Music_Male> <Advertisement> <hes> <hes> really <Speech_Male> interesting. How'd <SpeakerChange> you pull stairs <Speech_Male> stuff <Speech_Female> you <Speech_Female> <Speech_Female> so the <Speech_Female> city of denver <Speech_Female> puts it all out there <Speech_Female> in one giant <Speech_Female> <SpeakerChange> Spreadsheet <Speech_Female> so you just <Speech_Female> have to filter <Speech_Male> through <SpeakerChange> what you're <Speech_Male> looking for <Speech_Male> okay. So <Silence> <Speech_Male> all right so <Speech_Male> this is really good so yeah <Speech_Male> check out. <Speech_Male> This and i'm doing put the <Speech_Male> wink to the denver <Speech_Male> That <Silence> denver pages. Well <Speech_Male> all right stacy <Speech_Male> so that was <Speech_Male> a really <Speech_Male> good. You know <Speech_Male> Dive <Speech_Male> in the zoning. Help calm explain <Speech_Male> things. And i know. <Speech_Male> We're gonna <Speech_Male> the watson pack. <Speech_Male> Where things <Speech_Male> do you want to mention <Silence> before <SpeakerChange> we wrap up <Speech_Music_Female> <Speech_Female> I just <Speech_Female> wanted to say that you <Speech_Female> know we're getting into <Speech_Female> specifics about <Speech_Female> zoning but hopefully <Speech_Female> you know <Speech_Female> we won't need to in <Speech_Female> the future because eighty <Speech_Female> us. We'll be allowed on <Speech_Music_Female> most <SpeakerChange> every <Speech_Music_Male> property. <Speech_Male> Have <Speech_Male> you been able to wave <Speech_Male> that magic wand yet <Speech_Male> Working on it. <Speech_Male> <SpeakerChange> What's <Speech_Male> and <Speech_Male> we've talked about blueprint <Speech_Male> denver talking about some zoning <Speech_Male> changes i mean you've <Speech_Male> worked with the powders <Speech_Male> for for <Speech_Male> years. <Speech_Male> I mean what type <Silence> timeframe mike how <Speech_Music_Male> slowly <Speech_Music_Male> <SpeakerChange> <Speech_Music_Male> <Speech_Male> does does <Speech_Male> the government all <Speech_Male> different <SpeakerChange> <Speech_Female> divisions move. <Speech_Female> Yeah if you <Speech_Female> have the correct zoning <Speech_Female> than it <Speech_Female> shouldn't it shouldn't <Speech_Female> be a long <Speech_Female> timeframe for you to <Speech_Female> go. You know <Speech_Female> design your <Speech_Female> your unit and get permits. <Speech_Female> It's if <Speech_Female> you need to rezone <Speech_Female> that really is where <Speech_Female> you can get held <Speech_Female> up <Speech_Female> There's <Speech_Female> just a lot to <Speech_Female> that process. And <Speech_Female> they usually <Speech_Female> say about four to six <Speech_Female> months for a rezoning <Speech_Female> so <Speech_Female> that would be at <Speech_Female> the start before you could <Speech_Female> even start your <Speech_Female> project that you're already <Speech_Female> <SpeakerChange> set back <Speech_Male> that far <Speech_Male> so we've got a couple <Speech_Male> of frequent <Speech_Male> questions so <Speech_Male> i'm gonna fire <Speech_Male> ranji stacy <Speech_Male> <SpeakerChange> how much your <Silence> permanent fees. <Silence> <Speech_Female> <Speech_Female> I don't know <Speech_Female> the specific costs <Speech_Female> appearing fees. Obviously <Speech_Female> that's going to vary per project <Speech_Female> but a lot <Speech_Female> but a but they can <Speech_Female> be up to almost the same <Silence> <Advertisement> as if he were building <Speech_Female> <Advertisement> a <Silence> <Advertisement> regular <SpeakerChange> single family <Speech_Male> home. <Speech_Male> Can i sell <Speech_Male> my eighty separately <Speech_Male> for my <Silence> primary <SpeakerChange> house <Speech_Female> so <Speech_Female> this will depend <Speech_Female> on your zoning <Speech_Female> <hes> in the <Speech_Female> single if you have a single <Speech_Female> unit <Speech_Female> zoning than <Speech_Female> no you cannot <Speech_Female> sell it separate <Speech_Female> from your house <Speech_Female> if you have a two <Speech_Female> unit zoning <Speech_Female> there are ways where <Speech_Female> you could separate <Speech_Male> the lots <SpeakerChange> and seldom <Speech_Male> separately. I've <Speech_Male> seen a few of those where <Speech_Male> people have been able <Silence> to that they <Speech_Male> <Speech_Male> re <Speech_Male> built eighty you and then <Speech_Male> sold off as a <Speech_Male> separate lot and separate <Speech_Male> house <SpeakerChange> <Speech_Female> depends on zoning therefore <Speech_Female> that yeah and <Speech_Female> again these are the rules <Speech_Female> as of right now <Speech_Female> they they <Speech_Male> could change <SpeakerChange> in the future <Speech_Male> so i guess from <Speech_Male> a high level is not much different <Speech_Male> from someone you <Speech_Male> know buying a lot. Scripting <Speech_Male> house <Silence> billion duplex <Speech_Male> putting <Speech_Male> up a party and selling off <Silence> you and a unit beata <Speech_Male> first-name <Speech_Male> person be then as well <Speech_Male> exactly okay. <Silence> <Advertisement> So same concept there. <Speech_Male> <Advertisement> <Speech_Male> <Advertisement> Ooh can i build <Silence> <Advertisement> an eighty <SpeakerChange> you myself. <Speech_Music_Female> <Speech_Music_Female> You cannot

denver
"denver" Discussed on Denver Real Estate Investing Podcast

Denver Real Estate Investing Podcast

05:22 min | 4 months ago

"denver" Discussed on Denver Real Estate Investing Podcast

"To connect Or if you're an investor who's built to you or if you're more common one investors have looked into it and that can happen. Please reach out to. We actually wanna start doing a lot more interviews with Investors around town to talk about what their experience was for both building and sometimes there's the roadblocks they've run into all right so stacey start talking about zoning and on the screen right now There is a pretty detailed zoning. Chart what are we looking at. So this is where you're gonna wanna start a few want to figure out what you're zoning means it's pretty easy to figure out what you're zoning is by going to the year assessors site You know the numbers her say you can just click on your property and there's a zoning tab but then let's let's pause let's be. I mean here's the way i do. I just go. Google and type in the county assessors website. And then we'll put your address and that's the best way i found the do it. Yeah and again. The city denver has a great site for that. It's really user friendly And it will tell you in big bold letters but it's a bunch of letters and numbers and then you have to decode it and one more thing before we dive into here. We're also recording this as a youtube video and also these screenshots will be in the show notes as well so we're going to our best job to explain it but you want the details. Click the show notes for more that the detailed screenshots with these and fifty bullet points and numbered. You have on here. yeah. I think to simplify down the easiest thing to know if you if you have the correct zoning for An eight to build an eighty you. There are two things you can look for. One is if you have a t you which means stands for two unit in your zoning that's one indicator And the other thing is if you have.

stacey denver Google youtube
"denver" Discussed on Denver Real Estate Investing Podcast

Denver Real Estate Investing Podcast

02:06 min | 4 months ago

"denver" Discussed on Denver Real Estate Investing Podcast

"Zoning is not the most straightforward thing out there. Zoning is very complicated I think the city of denver has done a really good job with they. They redid their zoning code like ten years ago and it's a little bit more straightforward than you'll see and other jurisdictions but it still if you're not familiar with it can be very confusing when you say it's better the other jurisdictions you talked about like counties metro area or like other cities out of state even within the metro just other cities where they have either outdated or just more complicated zoning and on top of zoning there's a lot more nuance rules to for for setbacks. And how close you are your neighbors line or the alley guy was actually talking to Someone just a couple of days. Go forward quarter. This in a neighborhood has house. I think it was. I think sunnyside and it was known for eighty. You actually got a quote for repurposing of the garage into an and he could do it. He said a hard quote for ninety thousand dollars so for eight years. I mean as a relatively inexpensive at you. The problem was he was like two feet too close to a boundary line or fans or something and he couldn't get a variance for it. And see if it's zoned you get running's little issues that just those can kill the deal so i think all this will eventually get better and more streamlined. And hopefully Just allow us to do more of us. Yeah hopefully that the those kinds of things will be taken into consideration by the city with you know all the hoops you have to jump through to get these belt But those are also things that you may run into even if you've done everything right in the process all right so before we Transitions like the details. Zoning as i sal reader eight states is going to be really acting as the reporter for everything. Eighties guys have questions reach out to her her contacts in the website or just email or stacey at envision ra dot com was just going to reach out our community which always provides great feedback. If you're a builder and architect a lender and you play in the space. Please reach out..

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

Denver Real Estate Investing Podcast

05:28 min | 4 months ago

"denver" Discussed on Denver Real Estate Investing Podcast

"And welcome to another podcast episode. So this is going to be an episode. We start talking about eighty and diving into the topics and as you know eighties. Very hot topic in denver. And we're going to start peeling back the onion on eighty us and the ever evolving landscape. Here so my co host who you guys will become very familiar with over next couple years as we talk to us and learn everything s around. Denver is stacey rozanski. So i mentioned stacy's name A few podcast episodes ago when we rebranded our firms envision advisors. She's one of our new team members. Thrilled a however on on the team and one of her interest. Specialties is zoning and eighty s stacey glad to have you on the show. Hi crass happy to be here. So i mentioned your background very briefly but give me one like you know the background on who stacey is yes so i got involved. started investing in real estate several years ago and that led me to getting my real estate license and helping others invest as well Meanwhile i also have a strong background in affordable housing An in here in denver. We've been doing a lot of work with eighty us to help as an affordable housing route for people. So that just furthered my interest and knowledge. And i've really been able over the last couple of years to dive into that. Were the world of eighty us on me. That just i mean. There's there's no way you know nothing beats experienced going through the process of learning aid us. Talk miss powders. Which i know you've experienced with you know with the work. You've done the path that just gives you such an intimate knowledge because this is there's a lotta while moving with us. Yeah i think it's really exciting and changing for the better that we're hopefully going to be seeing more and more of eighty us being built in denver and around so born and talk about on this podcast is we're going to The main part of this podcast talking about the basics of zoning interesting habit read zoning and what zoning works for us but beyond that we're going to give you a current landscape on what aid us are like currently in the denver metro area and we actually started if you're brainstorming this and just some other ideas run aid us. We're trying to put together almost miniseries on just. Hey here's some good continental us. The problem is though that eighties is just a..

stacey rozanski denver stacey stacy Denver
"denver" Discussed on Denver Real Estate Investing Podcast

Denver Real Estate Investing Podcast

02:54 min | 5 months ago

"denver" Discussed on Denver Real Estate Investing Podcast

"The type of demand were seeing. 'cause normally we see a lot of times the the closes start to dwindle off. Fears go into the fall and winter and its spend almost vertical line here and again we get you know. Season -ality definitely impacts this both kovacic's. He's nowadays. I think you know not nearly as important factors was in previous years but very interesting graft look at it and really sums up that. Wow there's just so low inventory and that for every house selling there's one to ten people looking at house maybe wanna put an offer in there. So that's one of my ways of saying. I don't expect to see Any prices dropping here anytime soon looking at showing trends. So this is data that you're castle collects as to how many people go out there and look at a house or look at a house or condo using it through the app that we use to schedule which is showing times. Which is the app. That i think pretty much. Everyone uses here in denver to schedule showing You know the buyers and clients go through to actually walk the properties so normally around this time of year in the last couple years. We've been about eight showings per property. And now we're about eleven showings per property. Knock tober and the showing per properties actually been above the norm since really since about june in any significant amount and we start seeing things trail off fear but july was at probably like ten point. Five august was eleven. September eleven october that mike levin point five star see increase them now. I haven't had a chance to devastate. But my guess is because it's combination of you know low interest rates bringing people out here but also sincere fewer properties for people to go walk. There's more people walking the same properties as well. But anyway we're seeing incredibly strong showing demand right now with With everything going on and this is you know right before the election during cove it so some very interesting times that we're in all right a little bit of data here from the apartment association of metro denver. This quarter three twenty twenty report and so again. This is really for those big apartment buildings. You know two hundred unit plus bones. Another quite the size of the the big buildings usually the big investors. So i'm a couple bullet points off here. The amount of non payment of rent remain low with the majority respondents saying the results show less than five percent of tenants not paying metro. Denver apartment market showed an overall quarterly decrease in vacancy from point..

denver mike levin tober
"denver" Discussed on Denver Real Estate Investing Podcast

Denver Real Estate Investing Podcast

04:16 min | 6 months ago

"denver" Discussed on Denver Real Estate Investing Podcast

"Point one I think too close. Okay. Right one, one, six, t one percent of one. Point seven, I can't do one about one, one, one, one I. The total project budget is three point six. Okay And so. The benefit of not of calling sixty one percent now and and. thirty, nine, percent and twenty, twenty two that that that money had we called it in one phase would just sit. In a checking account with which we would you know the company would have to pay a where your return on white one percent but you're paying out until April return on that. Right. Thing is you know we will have basically between the debt and one point three million dollars basically investor between LP's and the bank. And if we sell. So we would basically only have to call maybe the first hundred of that last thirty, five percent, and if we are able to turn that first unit and sell for three forty and you end up selling all eleven for that, we've basically called three point, one million and sold around three point four million. So now you have an additional two or three, hundred, thousand dollars in equity remaining. Didn't call the last. Five hundred. Of capital committed and used, and then you would own and free and clear. Paying the investors and then we can go over kind of what that return looks like. But that was that's kind of the high level back of the Napkin math. Of how we looked at this and why this was. Such a deal that we felt like we had to do. And what about the bank financing on here because I think he said before we record difficult One one loan fell three said, right? Yeah. First Time. Yeah. The Kovic stuff yeah alone fell through just kind of walk us through that process and then the the loan, the terms you All right so Use them of our key banking relationships here in Denver. Like I said, we approached.

Denver
"denver" Discussed on Denver Real Estate Investing Podcast

Denver Real Estate Investing Podcast

01:33 min | 7 months ago

"denver" Discussed on Denver Real Estate Investing Podcast

"The property Is sold all very contact details on the website go to Denver investment real estate dot com slash h help that H H for house acts of h h. l. over contact details are on there feel free deaths questions reach out anything we work as a team we're happy to do whatever we can so thank you for listening Joe Jeff Thank. You guys and waste less module. Hey, thanks for listening and we hope you enjoyed this episode. Now, if you have any questions or nuclear vacation, shoot me an email or if you wanna grab a physical book copy of the Althouse acting guide also send me an email. My email is Chris at Denver Investment Real Estate Dot Com. Couple of the services that we offer, if you need help putting your investment plan and buying your first or your next, how sacking property reach out to me, that's what we specialize in. If need help with lending and financing reach out to Joe Massey, that's his specialty and help in stabilizing and operating Your House Act Property, reach out to Jeff White as that's his specialty. Now, all their contact details in the show notes if you have trouble finding them or want to keep it simple, shoot me an email. I'm happy to answer all your questions and also connect you with Joe Jeff or every need to talk to. All right. We'll see next episode..

Joe Jeff Jeff White Denver Joe Massey Chris Althouse
"denver" Discussed on Denver Real Estate Investing Podcast

Denver Real Estate Investing Podcast

05:52 min | 8 months ago

"denver" Discussed on Denver Real Estate Investing Podcast

"I mean like when I tell you tents I mean I'm telling you there was at one of our properties. There's probably fifty tents shopping carts, grills, they have made themselves home. But at least Denver is trying to like make endeavors try could save for for them and actually make it better for will hey, good to them. That's exactly just you know we we just taking care of. The Rhineland and so all we do with our Denver Properties this just incentivize incentivize will do move in special IRT I do a lot looking leases or I'll wave application fees. So they're still moving they're just not like you know downtown Denver used to be like you put a property in Congress. Park you put one of those they be gone seconds. So we're just readjusting how we market it and get them done so far. But. All the all the CONDO's were rebinding sending Guzman roar those are still written. Really. Awesome, let's see here. Talk that talk that talk that those remain guys into main questions here in either like data point stories to share before we wrap up. You know I think this is the biggest thing is obviously watching applications making sure the showings everybody still save you know we still run mask and gloves on all our properties clorox down after every tenant leaves. I don't really marketing. You're trying to really beef up more. About that, you briefly mentioned that Devon's guys you not more three detours like talk about the the marketing end the. This is a drama not going win anytime soon. Yeah. What do you guys dealing to to pivot and adapt? Exactly. So previously the way we looked at just leasing marketing general was decent photos something on an iphone you know just. You know the basic stand in the corner you know those types of things open window, put your thumb on the camera. Don't put your thumb handling exactly toilets. That would work basic barking up a write ups. The basic information you need posted to craigslist zillow network, and you have your interest. Covert hit of course, we immediately tried to change what we did was video walk throughs that helped us crazily. Having our shores walk through again with an IPHONE get good video to try to Kinda. Show people what the space actually feels like step outside Kinda see what were your front door is you know because people are not going to see it and not work for a little bit in our just even taking it a further steps. So now we're getting professional south photos. So it's GonNa meet yes alarm Tripod. With. Lighting. So that's the next step, and then instead of videos were doing three tours, we got a three sixty cameras and now they're gonNA actually to click through the property. that's just furthering their ability to explore it without seeing it, and then also floor plan. So again, giving people more information. So they feel more comfortable leasing these units I think as a matter of trust and they're going to get what they're..

Denver Denver Properties clorox craigslist Guzman Congress Devon
"denver" Discussed on Denver Real Estate Investing Podcast

Denver Real Estate Investing Podcast

03:32 min | 8 months ago

"denver" Discussed on Denver Real Estate Investing Podcast

"We'll hopefully distinct yourself. There I now. I know sometimes, I do jinx by south. So and are you seeing any you guys have a pretty a pretty diverse portfolio? Around run Denver, Metro area I've I've definitely talked to some property manders and read some various reports from the Denver Metro Partner Association I know the classic stuff downtown from both listings and from renters were seeing you know a price drops both longer listing times. Vacancy Times other than that though or what can you guys give as far as like our condos or apartments or homes the All still hot or different about the suburbs. Now, the away from downtown like are you seeing a level or so okay we still have a damn shortage a rental properties people just need to find a place to live. You know I think that kind of goes by section I'll talk about like I have this one property setting Denver suber. Cute studio should have been hot should've been gone Is A condo townhouse a condo it's a win win It's garden level. We have it priced below market and I've been sitting on it for quite some time. Pushed movement special. The problem is with that particular property is center downtown in the homeless. The homeless population is killed showings. So when I literally go to show the building we have to move homeless people in their tents out of the way so. That particular property in Denver I can't tell you denver apartments right now are Kinda slow? Were I've I have a building off a Saint Paul that runs like hotcakes I've been sitting on this one bedroom for six weeks. Showing that when people get there, there's like something holding them back on my call we follow up other showings asked what the feedback is. Oh, it's beautiful. It's price. Right is just not for us. So when you bring that question to our attention, it is kinda interesting to hear that because I would say are bird properties are running summit faster apartment townhomes in North Aurora is killing it right now I mean we're talking Colefax in Peoria priced, right clean. It is gone I mean studios ninety, five, hundred bribes Oh. Yeah. Okay. So to answer that question, would of say that are Denver Unit are Denver. Apartments are a little bit running a little bit slower than. Our average hell I like our homes in the suburbs in townhomes. Now, say Denver apartments you talking like downtown Denver re talking you know Congress Park Cheesman Park like how? Do. We got. We don't buy las of them investors like I think nothing downtown but we buy off more like maybe outskirts of it. A lot in the suburbs neuronal stuff like that. So like what what part of Denver specifically like how big of a radius? So our downtown properties we also have very few of those. Those are the difficult ones. That's what she's talking about. The one with the homeless issue is very downtown You know we're GONNA basically homeless camps set up along the streets which something we knew about that but yeah, a little bit further out. So you know some of the surrounding neighborhoods that are more single families, duplexes and all that thing. So like Alamo Placide Cherry Creek in a little bit south on Colefax, like Elliott saying North Aurora all of those. Different we have more of those too. So it's a little bit easier for us to say and I'm imagining what you're saying is the apartments in downtown Denver goes are was largely affected, which we don't have as many of those. So yeah. Yeah..

Denver Denver Metro Partner Associati Denver Unit North Aurora Colefax Alamo Placide Cherry Creek Congress Park Cheesman Park Elliott Peoria
"denver" Discussed on Denver Real Estate Investing Podcast

Denver Real Estate Investing Podcast

02:53 min | 8 months ago

"denver" Discussed on Denver Real Estate Investing Podcast

"Now, I briefly mentioned quite a few details about you know different lending options. Different things can do with Pmoi how to manipulate numbers to make it better cash flowing I mentioned that really quick But in a few weeks after this podcast releases, we are publishing the ultimate house hacking guide for Denver, which is a technical guide to building a Denver rental portfolio, your house hacking that goes through all these details. If you have any interest in house I can you know Manning, make sure you read the book or listen to all the podcast a fifteen part podcast, and also about a fifty thousand word book that comes out. Content similar just depends digested. The book will definitely have a little bit more. be more succinct and concise in the PODCAST So depend how you WanNa, learn or or consume the information, but I would definitely recommend reading or listening to that. If you have any interest in doing House Act because that goes on all the details and lots of examples about how to manipulate all the different levers that you can pull as an owner occupied investor. All right. So that's the ultimate house that can guide. That should be coming out in August twenty and twenty. So just a couple weeks after this podcast comes out. All right. So couple of things, and then we'll wrap up here. I get a lot people asking me. Hey, what about flipping? Oh, about the by Rehab Rent Refinance repeat the bird strategy here in Denver. So, these two items are definitely not our specialty We're very much focused on buying rental properties, ourselves and our clients, and that's really because I. I always tell people this don't keep saying this probably for the rest of my real estate career. That's flipping and burning is not direct investing. Buying rental properties is more operating, starting a business, not theirs anything bad about it, but just like, Hey, starting a waiver franchise or becoming a real estate agent or whatever it is, you're starting a business. Understand that take a couple years, things off the ground up and running. And that? Any be proactive bill your business, you know that timeframe in your mind, you're not gonNA come into Oh. I read a few books on bigger pockets as the PODCAST I wanNA. I WanNa Bernau extremely hard to do. and. I highly doubt that one contact or one agent will give you everything you need to do. because. You're still leaving parts on here. So many people are doing both successfully, but there are a lot of times more seasoned veterans and they're also taking that business approach. So some general tips for success here. Make sure you network with everyone's much as possible agents,.

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

Denver Real Estate Investing Podcast

05:56 min | 8 months ago

"denver" Discussed on Denver Real Estate Investing Podcast

"We've been in what we call the goldilocks stage, and if you go back to whatever you know and that fairy tale, but nursery tale, that was you're reading you read as a kid were things are just right now, not too hot, not too cold, but just right run a goalie lock stage right now where while it's very competitive out there. The fundamentals make sense. We don't have extreme assails across the population or really low sales as well. So in two, thousand, nineteen Sales are only eight percent higher than in two, thousand four, which was the peak I just talked about. But since then our population has grown by more than twenty, five percent of people. So against supply and demand. All right. So let's move on to rent trends because as landlords and rental property investors, we are really concerned about tenants paying rent. So starting back in was in April or May, I started doing some monthly Denver property management updates and these on podcast and blog posts. So I'm going to summarize the last three or four I've done with you know about four or five property managers. Overall, we've seen very strong rent collections across all the property managers. They're basically within a two percent margin of rinse collective at same time or at same month of twenty nineteen. So. May Twenty nineteen compared to May? Twenty? Twenty. You know some property managers were at the same levels. Some were slightly higher. Some are slightly lower and it was right around that plus or minus two percent mark. So they are still collecting all the rents or you know very much similar the rents, the big difference here is out a higher number tenants, payment plans, rather getting full rent by the fifth of the month, they're getting it now by the twentieth or the twenty fifth, but overall majority tenants are paying rinse on there. We have continued to very strong leasing activity. March April when we're during that lockdown, it definitely slowdown, but as things eased up early, May, it was just incredibly strong leasing activity. That property managers have seen a higher percentage of tenants that are staying in their current place renewing their lease. Just you know probably figuring people don't want to move So we're seeing a lot of tenants stay there. At the time of this recording, the eviction moratorium is set to expire, but there's a thirty day notice period and allow property managers have concerns for big backlog in the courts state, the governor will extend the moratorium and. So and they also don't know how big the backlog will be court of the process. So with everything going on, it's probably not the highest thing totem pole. So the property managers recommendations are to work with tenants rather than going through conviction process. So Hey, working at a rental payment plan doing cash for keys or something like that to avoid the fictions because that's just frankly and probably everyone's best interest for a pragmatic standpoint..

Denver
"denver" Discussed on Denver Real Estate Investing Podcast

Denver Real Estate Investing Podcast

03:44 min | 8 months ago

"denver" Discussed on Denver Real Estate Investing Podcast

"If mean if if you WanNa get in something like that and read out, the rents will continue to go up to but. It just depends on what your strategy is. Anxious. When you exit. Are you ten, thirty, one and other properties or you just take chips off with the House you live in yet ten thirty lakes change and all that stuff and make sure your legal there through doing all that and like other new builder Yeah Yeah and the one was as primary so it was just tagging. Than Yeah one of them was. Yeah, but I mean it's if it's an investment strategy there you want to get in and just you know sell off once you feel like it's come up a good amount I just can't believe that strategy increase over. That's insane. Let's because it was the first house. So it's Dirty and then you have one house and then everything else is dirty. They got that price and then months later and houses were selling for one hundred thousand more. Than what we got in. Like we were literally. He's when he was one element and phase one and that was what Michelle is really good at it. She knew how there's only like four or five houses that are really including phase one and then every four or five they kind of increase it but yeah. Just dirt. So. A, twist on how sac which is what I thought was pretty interesting because that's what everybody in Denver's looking for is, how do I get into something and at a low basis can live in it ran out some other rooms and then a couple years move on and yeah and that's I think you guys kind of uncovered interesting. Nugget there and they're being thing is is cool too. It's just a different solution for. For people coming in town that are just GonNa be there for a short time they want to stay in a hotel maybe they got a bigger family especially the the bigger houses I found a lot of the.

Michelle first house Denver
"denver" Discussed on Denver Real Estate Investing Podcast

Denver Real Estate Investing Podcast

04:17 min | 10 months ago

"denver" Discussed on Denver Real Estate Investing Podcast

"Everyone a quick note before we get out the podcast episode today so I, was originally going to release this couple months later in this year so like July August. Because this episode is an interview with a house, hacking client and I include their interview in with a new sears. We have called the ultimate house. Hacking Guide for Denver which are going to be a deep. Deep detail dive into everything house hacking for Denver because I've talked to probably hundreds of people now over the last few years, and the great conceptual knowledge on how sacking, but they don't know how to apply here in Denver so this God is meant to be deep dive, so people understand the Denver market and unique opportunities and challenges. It offers for house accuracy here so. This is going to be a or it is an interview with a client. Hope who helped by House Act property with, and I was including there because it's just a great story about how they found the property, run the numbers, and just a great success story, however, they also share some timely news updates on how they leased properties offering bring their properties during the covid pandemic cy one included a earlier rather than later, so enjoy the show and the next month or to look out for the ultimate house hacking guide for Denver. You're listening to the Denver real estate investing podcast where it's all about helping you grow your Denver real estate portfolio. Here's your host Chris Lopez. Everyone welcome back to another podcast episode..

Denver sears Chris Lopez
"denver" Discussed on Denver Real Estate Investing Podcast

Denver Real Estate Investing Podcast

12:37 min | 1 year ago

"denver" Discussed on Denver Real Estate Investing Podcast

"Is Chris Lopez? I'm a real estate agent and your cast real. Estate and coast is Joe Massey. Whose a lender at Castle and Cooke Joe. How's it going Chris? Fantastic brother great to see you. Thanks so much for having me on here. Always appreciate being a part of the monthly round up the podcast and the webinars Really enjoyed doing these and Excited to talk about this. You know we've been doing this for the past year and last year it kind of got to be some of the same old stuff you know and now we've got some new stuff to talk about Challenging stuff different stuff but excited for this month. So we're GONNA cover today is we're going to cover An article that was very interesting with some great data. Point will touch on some main trends here going on the Denver market. And then Joe's GonNa talk about some forbearance and lending updates as a quick note. I just got done recording quality podcast with different property managers around town. Send a question right now is who's paying rant. How much rinses being paid all that. I went out and talked to four property managers month and got dated for April and May so make sure that episode. Because that's GonNa be a deep dive into what the rental landscape is like because all this landlords when I know getting paid this month and next month and the following month so can get a deep dive into that so all all of us mortgage guys. WanNa know if. We're getting paid this month the next month to I guess that to So this really great article came out in Colorado Real Estate Journal last week and it's title impacts from previous macroeconomic so it's exciting title there. It's a very long article some great graphs so I would definitely recommend if you're in the data. Spend the ten minutes read it. The link is in the show notes but Joan. I can touch on a couple of really interesting points on here and you can just you can survive seeing the grass but I a couple points from to me so I wanNA cover those Because they did a really good job of comparing normal data and then back to the DOT com bubble and then back to the two thousand eight financial crisis so they comparing this current crisis to last two crises. So it's got some good data so they start off saying how the national multifamily Housing Council reported that eighty four percent of apartments nationwide made a partial or full rent payment by April twelve now by March twelfth. They rent ninety one percent so ninety one percent by March twelfth last month and four percent by April Twelfth and then in April Twenty nineteen by the same date April twelfth there at ninety percent so all year year they are about six percent lower than what they had seen last year soft head. I actually thought was going to be worse. You know from like the national averages so I think that's a good sign for landlords but since we all live and invest in Denver. We really care about the local Denver data and so they pulled some great stats here from the Colorado Apartment Association and this is survey based off of seventy five percent of the units in Denver Metro area. And this is all like these. This is the big units not the stuff that love that we own. The four units six units this is more the institutional bigger properties out there And so this is the data. They're collecting from them so they report that ninety one percent of renters were able to make payments in April. And if you compare that to last April through my notes on here it's one point eight percent so I get link Quincy Delinquency is higher by one point. Eight percent thank you yeah. I miss my their notes on here. So based on all of this. They're saying that ninety one percent of enters paid their rent in April so to me. That was better than I expected. I mean I didn't have an exact number in down but jobs. You have a feel for what you're expecting from like overall market data. No I think I think reading this. It's it's spot on with where we were at last year. In April you know unfortunately one of the realities of being landlord is sometimes plays and not everybody pays on time and so for April. There was not a big swing of you. Know what by the middle of the month we expect. Ninety percent of people have paid. Oh my gosh worth. The middle of the month and only sixty percent of people have paid. There was nothing like that. It was spot on with where it was last year. In April now I think may might be different and I think that goes to some of the podcasts that you were speaking with other property managers. I think may you might see. Some people start to fall behind You may also see some people start to fall behind June Unless the economy reopens and we're back at full steam ahead by first or June fifteenth But no I don't think this has been the the catastrophe that everyone thought it would be. Yeah a rental standpoint. And that's the punchline like rents and rental payments have not fallen off a cliff at least as of now they may next month but based on the data and talking property managers. I don't think so The other thing is article talked about is effective rink growth versus occupancy around Denver so they got a really great graph here. But I'm just GONNA read a couple sentences from the article here at the historical relationship between the two are that rink growth is rapid when occupancy is above ninety four percent. So that's when vacancies less than six percent. So when rent flattens occupancy drops to about ninety three percent which is seven percent they can see and then rinse actually begin to fall when occupancy go falls bill that ninety two to ninety three percent range so basically. What it's saying here is that we see rent growth when vacancies six percent or less rinse are flat. When we're about seven percent they can see and we'll start going into negative territory when vacancies above eight percent. And as of right. Now there's really no great numbers. Snow can see is Just because we don't have all the data through yet and also sense you know there's an eviction moratorium going on right now. Allow people are not moving We don't know what that is right now. But prior to this vacancy was nowhere near seven or eight percent. There was less than three less than three for the overall market. It was. I think it was two point. Four percent In the most recent month we have statistics which would have been march and so I mean. We'll jump up probably a good chance. It will. But that's kind of gives you an idea there's listeners as to like hey how high does vacancy to get until we might start seeing flat? Rinse or negative rink growth based off of this year. So Joanna you own you know quite a few rentals. Are you changing any releases right now or rental rates not everybody has been paying on time? everyone That's not true. I take that back. I had one where they paid three days late. So everybody else has been paying on time one. That was three days late and was actually not related. The pandemic They had a baby and they were in the hospital over the end of the month and they came back and said. Oh my gosh. We're so sorry that here's what happened. And they called right they called and said. Hey we gotta get you the rent a couple of days later in the hostile. You no problem right. Congratulations on the new roommate So that was you know completely isolated We haven't had any issues whatsoever in just out of side. One of the questions that I've gotten from several people is hammill landlord. Should I reach out to my tenants and say hey we wanna work with you. Let me know if you're having troubles and you know I think that's a very kind thing to do but for me you know number one. I have a property manager but I don't think that that you do that. I think it's just like we're going to talk about a forbearance if the tenants or if the person that is making a mortgage payment is having trouble. It's their job reach out. Otherwise we've assigned lease with a signed agreement. That says rent is due on the first and you call me if something's different but otherwise. I'm assuming that that you're ready to go in the first and I think that's been Very positive I agree with advice. All right so guys. Those couple couple of data points was article. I definitely highly recommended reading it because reading it and seeing the grass. We'll do far better justice when I did try to describe it on the link in the show notes and spend ten minutes to read it. I think it's really great data. So let's transition to allow the stats. We talk about on this monthly podcast and that is just the market stats from the MLS. On how April shaped up now this is the first full month while we were under the pandemic because you know things got real right around like Middle March and so now April was first full month. We have so we always compare you know. April twenty twenty table twenty nineteen because sees Audi here in Denver so it gives us a much better baseline for seeing how the market is doing This month compared to a year ago going able to neil comparison as April April the previous year now over before getting the data. And we're not going to try to put your soup with a bunch of staff will give you the the the the main point here. The date actually came back better than expected. I expected to see kind of like worse numbers across the Board Joe from like just a little point of view. What was your bets versus. Reality came out the same thought we would be down significantly not in prices. We're GONNA talk about that. Which is down in unit count and it wasn't down nearly as much as I thought. Now it's GonNa be a little surprising to see what happens in. May because I believe in. May We're GONNA see unit count go down further simply because it's been difficult to look at properties in April And we'll talk about those implications but The short answer is I was surprised. It's not as bad as I thought. So we'll kind of go through the things here so one of the big surprises to me was just the total active listings and this inventory for single family homes townhomes condos. We are about sixty eight hundred five hundred and this April last April. We're at seven thousand. So we're only down about two percent or about two hundred properties from last April and I expected from seeing some of the week by week stats. I was seeing and kind chatter from other agents around town. There's a lot more Owners withdrawing properties from the market because. Hey they're working from home now. The kids are at home right now. They don't want twenty people come through house and possibly infect them while they're trying to do their zoom schooling all that stuff so I expect to be way less than that Were you surprised by this? Joe I was. I thought that you know inventory would be going down. We'd have more people taking properties off the market But that there has been some withdrawn. But I think they're gonNA come back. Keep going though because there's a couple of stats towards the bottom That that I think are really really telling for what's going on in the market but keep going on the listings outlets all I want to say about the listings Kind next here. I want to talk about the the under contracts So Watson April there about six thousand properties and our contract. This April was about thirty two hundred prisoner contracts. So that is a significant drop of about forty five percent is Allen assessment. Talk about you not yet but in closer so just just keep going down. Yeah all right the one I want to talk about was price. A lot of people WANNA know what price was going to do. Because I've had my fair share of people saying hey you know I want to start making mobile offers on properties. I WANNA buy foreclosures and again. That's out of the market right now so The average price from this April two last April was five hundred and three thousand compared to four hundred ninety. Five thousand so a one point five percent increase now. The medium price was four hundred forty thousand compared to four hundred twenty thousand or almost a five percent increase so of those indicators showed prices go now and to give everyone a quick refresh on stats. The average is retake every single property. And IF THE PRICE. The median is retake the middle number in there and go from there now. Joe I think this is. What's on the lending?.

Denver property manager Cooke Joe Chris Lopez Joe Massey Castle Colorado Real Estate Journal Joe I national multifamily Housing C Audi Joan Wan Quincy Allen Joanna hammill Colorado Apartment Association
"denver" Discussed on Denver Real Estate Investing Podcast

Denver Real Estate Investing Podcast

05:00 min | 1 year ago

"denver" Discussed on Denver Real Estate Investing Podcast

"I reviewed all my numbers three nights ago. 'cause like wow stuff is getting serious here. Hey we may see some dropped income. I may have some tennis not paying rent. Let me go back and just sit down and plug all numbers. Write them down and make sure I'm on track with everything. I'm happy to say that I am you know summer. Five point eight months summer six point five months but overall I'm running on a six month target go I have and frankly if I tighten expenses. I can make that money lasts longer to if I need to. So zero money stops coming in every single part of my life right now his funding for six months. And I'm saying that for a couple of years now so my clients. I hope people out there listening. I hope you guys have taken that advice to heart as well because this is why you do it if you haven't get your plan together. Sit Down reviewer numbers and figure out what you need to do the other reason. I'm sharing this and talking about this is because about maybe right around March I I one under contract on a house in southwest Denver with an eighty. And so you know. It's a a better above average deal because there's a house in eighty rental income so it's a six plus cap for a single family home with pretty conservative underwriting. So that's you know if you guys know single family homes around Denver. That's a really good deal around Denver. If you're getting six plus caps around tout so I've definitely been thinking the last week. I'm Mike. Let Me Review of my finances how to stick with my plan all the stuff so my plan is to continue forward with the property purchase because all my finances are lined up and ready to go. I'm a comfortable position and plus knowing what I know with. Denver market currently With you know. They're still high demand that they're both in the rental side and both from the buy side. I am comfortable moving forward because whether this takes two months or six months or nine months or a year you know life will get back to normal and Denver still very strong market so I still WanNa buy properties and stay focused on my twenty thirty year. Investment Plan for buying rental properties. Plus somebody else forgot to mention that the earlier protest podcast. I've got that condo vacant and a vacant unit at my four plex and they both went live with the last week or two as far as on the market. They both had good showings good interest So I'm very comfortable in the rental market now. I'm also prepared for possibly having it take a month or two longer to rent because you know life is slowing down or maybe it just takes longer to rent. I'm also prepare thing. Hey if rinse after. Drop a little bit. I am fine with that so I'm comfortable with what I everything I know. What the current market so one the share that with you so you could get a brief snapshot what. My plan is hope. That gives you some ideas what your plan is. And it gives you the motivation to go. Look at Your Plan Review. Your plan or go create a plan and my plan going forward is to stick with the plan thousand. The biggest lessons I learned from two thousand eight is have a plan in place. Make sure you're sticking with that plan through the good times and the bad times and I'm I've been speaking with my plans to the good times which keep high cash reserves and that way during the bad times hopefully You know we can weather the storm. All our properties can weather the storm because in five or ten twenty years. This will be a footnote in history And you know life will get back to normal at some point so if you guys have questions I would definitely recommend going that big pockets form throughout. Put a link to in the show notes. Because there'll be lots. Hopefully lots of account Terry on there if your client online. Of course you always reach out to me. I've been talking. Allow clients is last week or two. We've been talking through scenarios a discussing items You know figuring out. Hey wasn't make sense. Ford was it makes sense to sideline yourself a couple of weeks or a couple months. And we're having those conversations right now so if your client of mine reach out to me and also stay up to date on the podcast because I will be publishing more information and also just random. Note that pop. My Mind I've mentioned that Denver Real Estate Investing Guide. I just actually on Friday. I'm recording on Sunday. I got the first proof or the first printed proof of the twenty twenty guide so I am going to be proofing that this next week and we will be releasing a week or two around sometime. I should not we could do. We'll be racing sometime next few weeks and original plan for that was just kind of hanging out. The clients had an classes. Get on people's hand obviously won't be doing that for awhile. Now so I'll send an email and I'll definitely share the Amazon link And this year. I'll probably put up on kindle to that was just an easier way for people to read because I I think this is more important than ever to be reading plans and refining your strategy and also staying to your plan if you guys have questions definitely reach out to me. All Right Man Art. Everyone stay healthy and stay safe..

Denver tennis kindle Ford Terry
"denver" Discussed on Denver Real Estate Investing Podcast

Denver Real Estate Investing Podcast

15:49 min | 1 year ago

"denver" Discussed on Denver Real Estate Investing Podcast

"We buy to a final asking price. As inventory increases discounts will slowly increase so to the surprise of most sellers. Buyers usually will not make an offer on an overpriced home. They just move on the next house. A house needs be priced within one to three percent sales price to get any offer. So what does here is that Yeah even though he's seen though of inventory growth in three nineteen or I'm sorry twenty nineteen and now it's come back. Low balling is not the game even when the market is not extreme seller's market. You can't do extreme. Low Ball offers Now of course you have a full-time person. You'RE GONNA acquisition manager and they do fifty offers a week different story but for the average investor Doing mobile offers. It's just a waste of everyone's time in my experience but we do actually like is older properties not sure if I pass society it or not but properties of the market for a while I they get less traffic and a lot of times we highlight those properties and WanNa go talk the seller and see because as it says it usually had had no offers so we call the agent. We talked to him and say. Hey what's up? What's up property and we see what type information we can find out now. You know a you know some of the time the solar stuck on price the other time agents like you know what? Bring me an offer. I know it's over price. I need something. You'll show my cellar like great. We will go check it out and talk to you later today okay. So here's the sales concessions looking at home. So concessions are once your contract. I the sellers giving the buyer a concession. Lot of times has has to do with inspection items. So you know you you go under contract. You put your earnest money out. They need go do the inspection and homes always having section issues. It can be brand new and there's inspection issues And so you know. Three things generally happen The two parties seller and buyers can ingredient thing they terminate deal falls apart secondly the seller says you know what great I'll fix these items or thoroughly the seller says. I don't want to deal with it or the buyers says hey I had to deal with it myself and the seller will give us a credit at closing so a seller credit so that'll be concession there That great we're getting a concession from the cellar so if you look through the history and this is from two thousand fifteen It's really bounced around from about twenty five to thirty five percent African sessions. As every INO- homes have gotten concessions. It's been between twenty five and thirty five percent and enright around that fourth quarter in two thousand eighteen. We start creep up an as because he inventories creeping up in so sellers starting. What's going on here? Whatever I'll give you a couple of thousand bucks just can sell it and that's not have to another mortgage payment or to. At least that was our experience so in quarter four two thousand eighteen. We up to forty one percent. Which is the High Said Ben? Sense on this graph going back to twenty fifteen and then fifty eight percent in quarter one. Twenty nineteen fifty eight percent fifty six percent and in fifty three percent in quarter four twenty nineteen Which makes sense because we that Kinda mayors inventory building and then the inventory buildings Dr into just a shrink a little bit again as well so again when there's more of a Tory sellers one deal but more to sell their house a lot of times. We don't know what the prices or at least honest sharpen are experiencing anywhere from a couple thousand dollars. We've had a couple of deals. It was ten to fifteen thousand dollars and the deals. We've gotten the highest concessions on or during this timeframe where there's larger inventory build and so tells him and a lot more willing to negotiate with us so how does days on market change over market cycle. So the answer again. I'm reading from the graph here. The average over fifty years is seventy days on market so looking at a quote unquote normal. Seller's market in the seventies is about sixty days on market and so that's below the seventy average below the recession in the eighties about ninety days on market. Go the nineties. Normal Seller's market is about fifty days on market. The recession to thousands was a hundred days on market now current market cycler in or about thirty days on market so again. This just is another way to mirror. What part of the Market Psych Orrin? And obviously we're in a seller's market still because we have so little days on mark I mean we are more than half below what the average market is now. I like this. It's cool graph. Look at 'cause it's very it's They did a very good job of visually building. An Out But it kind of goes to show if you'RE A long-term buying whole investor Can you don't need time? The market now by now and five or seven or ten years depending on what the current market cycle is. You may not sell that place tenth interim by something else you made from their year or two or three and then sell ten thirty one up But if you buy and you bite smartly and you buy good property today and you put reserves away and especially utilize these low interest rates like. We talked about the beginning. There's a really good chance that you'll have success in the long run right. So let's talk about some population. What I hear okay. So population and unit sales basically. We are not in a bubble censor selling exactly the right amount number of homes. The city's population not like two thousand five. So what does does this is. A chart actually shows the relationship between population growth and residential sales so highlights three areas the boom area the boom phase the recession phase. And then what they have classified as the goldilocks phase. So think back to the goldilocks story. From when you're a little kid you know too hot too cold just right and says the market is just right. So in the early two thousands we had a bubble and we saw big spike there as far as the number of deals per the population growth and then the recession. We saw much fewer deals than per the population growth and now on that gloomy likes phase. We're right around the right number sales. That should be happening. So I'll describe this'll be a better here Because in the bubble we were about. Let's see two point. Five million people In population and the number of sales was about fifty thousand transactions. So that's about ten thousand transactions higher based off the population that we should be in And then during the recession based on population growth we had about getting close to two point. Seven three million people. The number of deals done in the low thirty thousand. So that's almost like a you know. Fifteen twenty thousand sales swing and now the goldilocks phase which is right around the twenty fourteen. Twenty fifteen period on this graph We're still Nagoya locks face and I really like this example because to me this is a great high level. Keep it simple stupid analogy for. Hey there's no crazy stuff going on in the market that the speaker yes. Prices are increasing. Yes we don't have inventory but there's not craziness going on in terms of number of people here. There were buying homes. And so here's an interesting stat too. So sales in twenty nineteen rolling about eight percent higher than two thousand four but the metro. Denver population has grown twenty five percent more to population growth percent. Sales Rep eight percent again. That goes along with normal narrative on just More demand than supply. But I would definitely look at the slide on the show notes at slide. Thirty seven And says the relationship between population growth and residential sales. And look for that. Goldilocks phase Because my plan is to buy a lot of properties right now in fact. I'm recording on a Monday on Saturday or Sunday so two days ago I wanted to property on another rental property because on a bye. Bye Bye right now because. I think it makes no sense over the next thirty years and so as far as population growth Here the two metrics. I like to look very high. Level is population growth and job growth. I'm of the mindset that there's two types of cities. They're either growing or shrinking. I want to buy that are growing. And that's just my attitude towards everything started business out of business. A growing market not a shrinking market place. I'm a buy real estate onto by really growing marketplace not a shrinking market place. Y- do we get the same cash flow that you get out there in Midwest. No they took those demographics bio cities. It's scary. They are shrinking. While when there's fear people there that does not help with rents and prices one day and so Denver has population growth and job growth. So Denver had three million population and and the fall of two thousand fourteen and the next ten years. it's expected to increase about fifty thousand people per year. I mean that's a big number fifty thousand new people per year all right so one of the final slides on here. Let me get to my notes. Because it's a little more complicated This is actually looking at construction trends so this is looking at the number of permits pulled relative to how much new inventory we need to keep up with growth so there's two types of permits on here there's permits pulled to build the Sal and permits pulled to build to rent so build the salads like you're single family stuff your homes or condos your townhomes and to build to rent or those big multinational which are typically going up in downtown. Denver seeing that you know one or two cranes over there in the skyline so currently more than half of all permits pulled are for least unit that's rental units on apartments and the result is that there is not much home and condo construction taking place in Denver and now enough to meet the demand so on average we need about twenty one thousand seven hundred new units per year about fourteen thousand for sale but seven thousand for rental to keep up with population growth of fifty thousand new residents a year. Now if you look back to two thousand nine which was the smallest number permits pulled there about four thousand pool or actually a three thousand pulled for construction to sell about thousand for construction to rent and parents every year. Both of them were permits. Have Gone Up but non until twenty. Sixteen were enough permits pulled in that one year to meet the growth for that one year of about twenty-one thousand permits needed so even though and twenty sixteen twenty seventeen twenty eighteen. We are slightly above them Permits needed for that year. We still have one two three four five six seven eight nine about ten years of years were there are not enough permits pulled. So they're still just a huge backlog again that's why we have no inventory. And so looking at twenty nineteen they were forecasting to have about just enough permits. Pulled Four to meet that twenty one thousand change permits needed a year. Okay let's talk about rent and vacancy so this chart shows the correlation between rental vacancy rate and the median rent since Denver and so basically what it shows is that in times of high vacancy. We've had lower rent growth and low vacancy. We've had higher rent growth. No big surprise there Against supply the man when there's too much supply. Great Brent. Prices don't grow that much when there's more demand great us landlords can charge more. So here's what it basically says going back from the early nineteen eighties to present. When the Denver rental vacancies blow six percent? We experienced rink growth now from nine hundred ninety one to two thousand nineteen. The average rent growth was four percent and that data is pulled from apartment data of five hundred and above That's where we get a lot better. Rental Data and vacancy data than all the small mom and pop landlords but from the the big investors and the big property management companies. They have that data so looking from Mike. Two thousand to two thousand thirteen had high vacancy of eight percent. The average drink growth was point eight percent year then in two thousand fourteen. To two to present we've had low vacancy an average of four point eight percent and the rink growth has been ten percent and change per year. Go back the nineties. Low vacancy four point seven. We'd hiring growth of nine point five percent in the eighties high vacancy of close to ten percent and low rank growth of point three percent so two things that stick away for me to hear Is that? It's going to have time to rent growth and times of like pretty much flat periods But overall the hours out to be about Four percent growth in the long run but was interesting in non these periods and they're all about ten year periods. There's not been any negative rent growth so no rent slides on there now of course very like ten percent growth but that just can't sustain forever But we've not seen native rink growth in the forty years history here in Denver sets of buried promise to me so if you buy a property and let's just say man vacancy y'all creeps up tomorrow and rinse stay about the same sex couple years. Great numbers still work for you. Your cash flow may not increase as much per year. But he's still making the debt pay down the principal reduction and hopefully appreciation as well. Oh One last slide here. case you haven't seen any headlines mortgage rates. More rates are very low by historical standards and have been declining over the last few months. So we'll talk more about this in a future podcast But you know I know the interest rates just took a little dive again here. Last couple of weeks They'll probably creep up again so sometimes people forgot my gosh there four percent now. I missed the three point. Seven five range. Go look back. Five years will go look back ten years ago. Who gives a like?.

Denver WanNa goldilocks INO Nagoya principal Midwest Brent Mike