Colorado Springs Real Estate Investing Podcast

The Colorado Springs MLS trends data for May 2021 is out. Comparing year over year (May 2020 to May 2021) is better than comparing the previous month, because we have defined seasonality trends. While May was the same old story of few listings and rising price points, we are starting to feel a sense of relief. Year to date sales prices are up 23%. Listen to the podcast to get our take on whether or not now is a good time to buy real estate.

This deal analysis is for a fourplex in Colorado Springs. This was a great deal for our clients, but it took five months of patience and being in the right place at the right time for them to close on it. Their key strategy is maximizing leverage by taking advantage of low interest rates. Fourplexes were on their radar because it would enable them to acquire the greatest number of units for one loan and ride out the low interest rates. Listen to the podcast to find out why our clients...

In this episode, we explore the world of corporate rentals with our guest Diana Tapia. Diana is the founder of Dublin Place, a company that helps owners convert their properties into corporate rentals and provides all the necessary services to run them. We talked to her about how she got into this type of real estate investing and how to successfully rent out a property as a corporate rental. We also did a comparison of long term vs corporate rental costs and returns on the same townhome to...

Our guest this week is Garrett Dilley, an investor who started investing late 2020, and is making great strides towards reaching his real estate goals by building his rental portfolio in Colorado Springs. Jenny Bayless helped him find a single family home that fit his criteria, and he was able to make a competitive, all cash offer while still being able to utilize leverage by employing delayed financing. Now, he’s one step closer to his ultimate goal of building wealth so he can spend more...

The Colorado Springs MLS trends data for March 2021 is out. Comparing year over year (March 2020 to March 2021) is better than comparing the previous month, because we have defined seasonality trends. The big news is average sales price increased 21% from March 2020 to March 2021. Listen to the podcast to find out what accounts for this dramatic price increase.

We’re switching things up today. Instead of talking about Colorado Springs, we’re going to go over some highlights of a market tour Leah and Jenny recently went on in Pueblo. Since the price points in Pueblo are significantly cheaper than Denver or the Springs, people are always asking if they should invest down there. To find out, Leah and Jenny went on a tour of the area to see for themselves. Since Leah is from Pueblo, she was able to explain the different neighborhoods and knows all of...

This deal analysis profiles first time home buyer and investor Jeremy Babin. He knew he wanted a property that would allow him to use the house hacking method to build wealth. It took a few showings with our agent Leah to nail down exactly what he wanted, but now that he’s found it, he’s implementing his plan to an impressive degree. Listen to the podcast to find out how Jeremy plans to push rents and force equity.

This deal analysis profiles a new investor, Braden Sanderson. He started investing in rental properties in his college town in Texas. After purchasing a live-in-flip in Denver, he saw the appreciation of the markets in Colorado and decided to start investing in rental properties in Colorado Springs, too. While the location Braden invests in Texas is a cash flow market, Denver and Colorado Springs are more appreciation-based. He worked with agent Jenny Bayless to find a 3 bedroom 2 bathroom...

This deal analysis profiles a relatively new investor, Alex Sadeghi, who moved to Denver almost 2 years ago. Shortly after the move, he bought his first property, also his primary residence, a condo in Capitol Hill. This sparked his interest in Denver real estate, and he got hooked on the Denver Real Estate Investing podcast as well as all The BiggerPockets guides and forums. He started working with Envision Advisors to find his first rental, a 3Br 2Ba cash flowing condo in East Denver in...

Our podcast guest for this episode is Mark Jones, owner of Top Choice Inspectors, a home inspection company that operates from South Denver to North Pueblo. In this episode, he discusses how to use the home inspection process to your advantage, unique things found in Colorado Springs homes, and what it means to be “up to code." Listen to the podcast to find out what you need to know about floating walls, sewer lines, and electric panels.

The Colorado Springs MLS trends data for February 2021 is out. Comparing year over year (February 2020 to February 2021) is better than comparing the previous month, because we have defined seasonality trends. No surprise; it was a spectacular time for the sellers! Listen to the podcast to hear Jenny review the data and give the high level overview.

The goal of this podcast is to be a quick start guide to Colorado Springs real estate investing. It should help new investors learn the market and help existing investors stay up to date. Jenny Bayless leads this review and is our Colorado Springs expert. Listen to the podcast to find out why Colorado Springs rental property prices are going up.

Rob Lynde is an active real estate investor who together with his wife, Renee, in 2007 started a property management company in Colorado Springs called MileStone Real Estate Services. In this episode, Rob discusses property management in Colorado Springs. Hear what he has to say regarding questions such as: how screening is conducted and why it is important, his philosophy on rent increases, multi vs single family management, what types of upgrades will tenants pay a premium for, and much...

Bill McIntosh and his wife Kathy started their own insurance company called Complete Protection Insurance to serve Colorado’s insurance needs. Listen to this episode to hear Bill discuss a myriad of insurance topics such as insurance issues unique to Colorado Springs, actual cost vs. replacement value, condo/townhome/single family/4 plex considerations, special HOA insurance topics, umbrella policies, and what happens if your cat accidentally floods your home (true story)!

This deal analysis looks at a turnkey single family home in Northeast Colorado Springs. The client was able to exchange an out of state property that consistently gave him headaches (evictions and things breaking down) and was able to utilize the gain he realized on the value of that property and 1031 exchanged it into a 3 year old, tenanted (with highly qualified tenants) property in a growing section of town. Listen to the podcast to find out how this investor made the move to a stable,...

This deal analysis is for a newly renovated duplex near Ft Carson. The investor buyer used the proceeds from a cash out refinance on rental properties that she had bought a few years ago to take advantage of the significantly low interest rates and equity growth on those properties. As a result, she wanted to redeploy the cash out proceeds into additional rental property. Listen to the episode to find out how she was able to get almost a 6 cap on a property that she didn’t have to put earned...

The Colorado Springs MLS trends data for January 2021 is out. Comparing year over year (January 2020 to January 2021) is better than comparing the previous month, because we have defined seasonality trends. The charts reflect the crazy level of activity in the Colorado Springs market. As with Denver, it’s very much in the favor of the seller. If you are interested in walking through an equity analysis to see if selling your Colorado Springs property is the best way to reposition your equity,...

It is important to have guidelines and parameters on which to base your investment decisions. However, be careful not to analyze yourself out of a good investment. Cap Rates and Purchase Price are important metrics, but keep in mind that the guidelines and/or metrics you choose to focus on could cause you to lose out on good deals if you don’t look at the deal from a multitude of different angles. This episode highlights a few hang-ups investors face and why narrowly focusing on a single...

This deal analysis looks at a new build, turnkey townhome rental property located in the Security-Widefield area of Colorado Springs that closed Q1 2021. The investor typically likes to BRRRR, but this was a good opportunity for an easy win since it was new build and turnkey. The expected performance was so good the agent decided to buy a unit for herself as well! Listen to the episode to hear how the expected returns were calculated.

This deal analysis breaks down an elusive Partial BRRRR in Colorado Springs. This property was sourced off-market through networking, met the investor's deal profile, and closed Q4 - 2020. It's a single family 3 bedroom 1 bath with room for equity play. Listen to the episode to run the numbers with our Colorado Springs agent Jenny Balyess.