All Forum Posts by: Tally Lawing

Don’t forget to measure potential tax obligations as well if this was ever your primary residence.    A 1031 exchange may be way to go, but can be delicate as far as timing.  do you have to finalize the sale by December for this reason?  Remember, marketing this time of year can be funny, so keep that in mind if you need to hustle.   As far as waiting for the market to slow,  your next purchase will only become more expensive overtime as home prices and interest rates rise.   We have only a few examples in history where price is actually went “down”. The upward trends may appear to be slowing, but home prices typically do not “decrease” without some sort of direct cause. Also, selling your home this time of year may not be the best time to capitalize on max profits. If you can, sell early spring when more buyers are stirring!   As far as new 1-bedrooms coming to market,  most of these are luxury units and luxury price point. However, the builder developers are incentivizing new units rentals with things like free first months rent, etc. It’s turning into who’s got the best amenities in each building.   If your location is prime, the buyer/renter demand is still there regardless of other new options coming to market.  I say cash out refi, rent, and put your proceeds towards another rental!    You can pick up some fantastic units on the East side of Denver that cash flow and appreciate well, and can be purchased very affordably compared to the city. 

please send me whatever info you may have as well Chris!

I think MMJ has been given way to much credit that its worth.  

Colorado's beverage industry, sci/tech, banking, distribution, aerospace, and pharma industries absolutely spur most of the growth from people who are coming here to actually PURCHASE homes, etc..   If you were looking for commercial property 4-5 years ago, or trying to host an airBNB/VRBO, then MMJ had an impact.  Otherwise, meh..... 

As Travis mentioned, I work for Your Castle and have plenty of trends booklets for residential, fix/flip, condo, mountain properties, school/rent ratings, economic forecast documents, etc....tons of stuff for investors to consider and blows the "myth" of any bubble, ceiling for our special Denver market.  We create and market the best data around and provide this data to others as just ONE obvious value add's we can offer.

Anyone who wants to PM me with their email I will gladly share docs specific to your wants.    This won't put you on any of my email marketing lists, etc...I prefer to not market my prod/svcs here on a forum such as this as some others do.   

I follow the Go-Giver strategy.   Let me know and I will GIVE....

if you PM me, I'll gladly share with you Denver metro 3Q sales/appreciation price change maps, GRM maps, and data driven school maps that our brokerage prepares for real estate investors. Sometimes the "other side" of the street changes things. Often the best "performing" neighborhoods may not be the best for rentals or for schools, or vice versa. But that seems to be changing every few months

Welcome!