Bitcoin pioneer Charlie Shrem peels back the layers on the lives and backgrounds of the world's most impactful innovators. Centering around intimate narratives, Shrem uncovers a detailed, previously unspoken story of the genesis and evolution of bitcoin, cryptocurrency, artificial intelligence, and the web3 movements. Join Shrem as he journeys through the uncharted territories of tech revolutions, revealing the human side of the stories that shaped the digital world we live in today.
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Content provided by Chris Lopez - Denver Investment Broker. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Chris Lopez - Denver Investment Broker or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
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#519: Buy Now or Be Priced Out Forever: July Colorado Real Estate Update
Manage episode 430405578 series 1509138
Content provided by Chris Lopez - Denver Investment Broker. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Chris Lopez - Denver Investment Broker or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Think house hacking is dead in Denver’s high-interest market? It might seem impossible in today’s high-interest environment, but one savvy investor just showed it can still be done.
As Colorado’s real estate market continues to evolve, the age-old advice to “buy now or be priced out forever” takes on new relevance. This July market update explores how, even in a high-interest environment, savvy investors are finding ways to enter the market and build wealth through creative strategies like house hacking.
Jeff White, known for his impressive track record of living rent-free through creative real estate investing, recently closed on a $533,000 triplex in Denver with just 5% down. Despite a 6.75% interest rate, he structured the deal to live essentially rent-free.
The secret sauce? A combination of:
- Strategic use of Section 8 tenants
- Savvy negotiations for seller concessions
- Buying down mortgage insurance for improved cash flow
Here’s how the numbers break down:
- Two Section 8 units bring in about $4,000 in gross rent
- Total monthly payment (PITI): $3,588
- $400 set aside for maintenance and capital expenditures
- Result: Jeff lives rent-free in the third unit
Even more impressive? When Jeff eventually moves out, he projects nearly $20,000 in annual cash flow.
The takeaway? Don’t let high interest rates scare you away from house hacking. If House Hacking poster child Jeff White can still make it work in 2024, there are likely opportunities for other savvy investors willing to crunch the numbers and think outside the box.
Interested in following in Jeff’s footsteps? Connect with Jeff White to explore house hacking possibilities in your area. The dream of living for free while building wealth through real estate is still very much alive.
Timestamps
(01:20) Denver and Colorado Springs Real Estate Trends
(09:56) Success Story: Multifamily Deal in Denver
(18:27) Rental Property Deal in Colorado Springs
(27:17) Interest Rates and the Possibility of a Rate Cut
Links from the Podcast
Nova Home Loans: https://troyhowell.novahomeloans.com
Email Troy Howell: troy.howell@novahomeloans.com
- LinkedIn: Troy Howell
Email Jeff White: Jeff@envisionrea.com
- LinkedIn: Jeff White
- Denver June 2024 Real Estate Market Updates
- Colorado Springs & Pueblo June 2024 Real Estate Market Updates
Who is Nova Home Loans?
For over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today!
NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO
304 episodes
Share
Manage episode 430405578 series 1509138
Content provided by Chris Lopez - Denver Investment Broker. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Chris Lopez - Denver Investment Broker or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Think house hacking is dead in Denver’s high-interest market? It might seem impossible in today’s high-interest environment, but one savvy investor just showed it can still be done.
As Colorado’s real estate market continues to evolve, the age-old advice to “buy now or be priced out forever” takes on new relevance. This July market update explores how, even in a high-interest environment, savvy investors are finding ways to enter the market and build wealth through creative strategies like house hacking.
Jeff White, known for his impressive track record of living rent-free through creative real estate investing, recently closed on a $533,000 triplex in Denver with just 5% down. Despite a 6.75% interest rate, he structured the deal to live essentially rent-free.
The secret sauce? A combination of:
- Strategic use of Section 8 tenants
- Savvy negotiations for seller concessions
- Buying down mortgage insurance for improved cash flow
Here’s how the numbers break down:
- Two Section 8 units bring in about $4,000 in gross rent
- Total monthly payment (PITI): $3,588
- $400 set aside for maintenance and capital expenditures
- Result: Jeff lives rent-free in the third unit
Even more impressive? When Jeff eventually moves out, he projects nearly $20,000 in annual cash flow.
The takeaway? Don’t let high interest rates scare you away from house hacking. If House Hacking poster child Jeff White can still make it work in 2024, there are likely opportunities for other savvy investors willing to crunch the numbers and think outside the box.
Interested in following in Jeff’s footsteps? Connect with Jeff White to explore house hacking possibilities in your area. The dream of living for free while building wealth through real estate is still very much alive.
Timestamps
(01:20) Denver and Colorado Springs Real Estate Trends
(09:56) Success Story: Multifamily Deal in Denver
(18:27) Rental Property Deal in Colorado Springs
(27:17) Interest Rates and the Possibility of a Rate Cut
Links from the Podcast
Nova Home Loans: https://troyhowell.novahomeloans.com
Email Troy Howell: troy.howell@novahomeloans.com
- LinkedIn: Troy Howell
Email Jeff White: Jeff@envisionrea.com
- LinkedIn: Jeff White
- Denver June 2024 Real Estate Market Updates
- Colorado Springs & Pueblo June 2024 Real Estate Market Updates
Who is Nova Home Loans?
For over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today!
NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO
304 episodes
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Similar to Denver Investment Real Estate
Bitcoin pioneer Charlie Shrem peels back the layers on the lives and backgrounds of the world's most impactful innovators. Centering around intimate narratives, Shrem uncovers a detailed, previously unspoken story of the genesis and evolution of bitcoin, cryptocurrency, artificial intelligence, and the web3 movements. Join Shrem as he journeys through the uncharted territories of tech revolutions, revealing the human side of the stories that shaped the digital world we live in today.
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continue reading
This famously is the year of elections. So the Stephanomics feed has been taken over by our bonus series, Voternomics. It’s a weekly look at the way geopolitics - and elections - are upending the longstanding assumptions of policymakers and business people around the world. Hosted by Stephanie Flanders, head of Bloomberg Economics and former BBC economics editor, former government advisor Allegra Stratton and Opinion columnist and author Adrian Wooldridge.
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Bitcoin groundbreakers share personal stories of how Bitcoin is changing lives for the better. Host Mauricio Di Bartolomeo, co-founder and CSO of Ledn, speaks with leading Bitcoin voices, entrepreneurs, and human rights advocates to hear their unique journey and practical real-world examples of how Bitcoin has made a positive impact in their lives. Brought to you by Ledn, a leading financial services company built for Bitcoin & digital assets. Ledn offers a suite of lending, saving and tradi ...
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Bloomberg Radio host Barry Ritholtz has in-depth discussions with the people and ideas that shape markets, investing and business.
…
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In each episode of "Goldman Sachs Exchanges," people from the firm share their insights on developments shaping industries, markets and the global economy.
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1
Wholesaling Inc with Brent Daniels
Find distressed properties for pennies on the dollar and turn them for huge profits!
Let’s face it, Real estate education has lost the script. Everybody “claims” to have the secret sauce. They get you to sign up, get you to bite on a “magic” formula, but there’s no real tools to get there. There’s so much talk, no practical steps. It’s not instructional, it’s hype. The ideas aren’t focused on your success, it’s focused on theirs. Well, it doesn’t have to be that way. If you’ve been searching for a way to escape the rat race and achieve true financial freedom wholesaling real ...
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continue reading
Call them changemakers. Call them rule breakers. We call them Redefiners. And in this provocative podcast, we explore how daring leaders from across industries and around the globe are redefining their organizations—and themselves—to create extraordinary impact in today’s rapidly changing world. In each episode, Russell Reynolds Associates Leadership Advisor Hoda Tahoun and former CEO Clarke Murphy host engaging, purposeful conversations with leaders in and out of the business world who shar ...
…
continue reading
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