Check out this video about what you can do with a bank owned foreclosed mult-unit property to generate great returns.  This 8plex generates a 26% NET ROI with a $3000/month NET positive cashflow.  Not a bad deal given the state of the economy.  Opportunities like this don’t come around very often.  With foreclosures high and rental demand up, this is the time to pad your wallet with income producing properties unlike so many other poor performing assets . . . such as stocks.  If your in the market to consider investment property acquisition, whether it be fix ‘n flip or fix ‘n hold, single family homes or plex properties, give me a call at 719-321-7600 Colorado Springs or in Denver at 720-373-0654.  Great deals are around now . . . but don’t count on them lasting forever.

3006-3008 Illinois Ave, Colorado Springs, CO

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• View select homes before they hit the auction block
• See Bank Owned homes and Short Sale Opportunitites
• Calcualte Fix-Up Cost to Enhance Properties
• Determine Future Value & Market Trends
• Learn the tricks to negotiate with banks and make a deal
• Take a inside peek at EASY government financing
• Learn how to buy a home with little to nothing down

Got to www.RedRocksInstitute.com to find a tour in your area.

Tagged as auctions, bank owned, financing, foreclosures, home values, market trends, Red Rocks Insitute, short sales    0 Comments Hide

Congress recently passed an extension for the Homebuyer Tax Credit and expanded it.  Don’t be confused by the phrase “tax credit”.  While it is indeed a “tax credit” you can get the CASH back NOW when you buy a primary residence . . . it takes about 6 weeks for the Treasury Department to send you the check.  Read more here . . . The Shift is Coming

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El Paso County per the Colorado Springs Business Journal reports that foreclosures are up over the previous year.  It should be no surprise that foreclosures are on the rise, but be aware that those numbers present an opportunity for homebuyers looking to capitalize on great deals offered by banks.  The banking community is controlling the number of foreclosures that they are releasing so as to create more demand and limit their losses.  It is speculated that the banks will unleash their bank owned properties in larger numbers in hopes to get them off their books in 2010.  So take a look at this article here, but keep these other realizations in mind while reading the journal.

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