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How To Determine The Best Rental Properties To Purchase In The Denver Area 0

Posted on July 02, 2009 by DenverHomePro

Today’s topic is for investors.  It’s still a great market to purchase income properties. I can help you navigate the income property market and help you find the best deals that will pay back the most cash flow and have the most appreciation over time.

I’ve helped several investors through this downturn in the Real Estate market, pick up great deals that will rent for positive cash flow with just a little bit of sweat equity on your part, and then a lot of appreciation 5-10 years down the road.

Here’s how:
1.  You have to identify a neighborhood. On my website www.EasyDenverHomeSearch.com, you can get an exclusive list of all the income properties every single day. You can even do it by searching with the map search feature, which is really what you want to do. That’s tip #1 for investors. You want to find the neighborhoods that you’re most comfortable with.

Please don’t call me and ask for a rental property anywhere in the Denver area that’s a great deal. Honestly, I can’t help you with that. I need you to help me help you by learning the neighborhoods that most interest you. When you’re an investor, you need to know the neighborhood, you need to know the rental incomes, you need to know what’s happening in those areas. Plus, you want to stay focused on certain neighborhoods so that you can easily access the properties in times of need as a landlord. We can talk more about that when we get together. But in the meantime, identify some areas as tip #1.

2.  Know what the rents are in those areas.  Another reason to isolate some specific areas, so that you can learn what’s happening with rents.  I tell my clients to simply drive those neighborhoods and call the ‘For Rent’ signs to find out exactly what those properties are renting for.

But here’s another idea for you. I just learned on the website called www.Zilpy.com, you can put in a property address in any neighborhood in metro area and it will show you the actual rents of all the properties surrounding it. It’s the best way to find out what’s happening on average in the neighborhood that you’re interested in.

3. Then, finally, how do you buy these properties?
It’s a very aggressive and competitive market, so you want to get all the best listings first and make the offers before other investors can get to them. Once you do that, we’ll go look at the properties. Then you can just estimate what it will take to get it in living condition, because most of these are going to be bank owned or HUD properties that you want to upgrade a little bit to make them nice for tenants and better than the competition.

I can help you with all of that:

  • Determine the current value
  • The future value
  • What they’ll rent for
  • How you can make cash flow

Just by contacting me and going over my investor purchasing process.

So, sign up today! It’s the only way you’ll get this exclusive list of hot income properties. Visit www.EasyDenverHomeSearch.com and sign up for your E-mail alert service.
(Just make a note that you’re an investor looking for income property.)

  • Denver Home Search


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