Colorado Springs Real Estate Investing Podcast

Colorado Springs Real Estate Investing Podcast

By Jenny Bayless, Chris LopezBusinessInvesting
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Colorado Springs Real Estate Investing Podcast episodes

  • #145: Best Real Estate Investing Strategies in Colorado Springs and Pueblo

    Chris Lopez and Jenny Bayless explore Colorado Springs and Pueblo’s Housing Market in depth, including best cash flow strategies, top locations, market growth, and the future of the economic development.

    https://youtu.be/Z7e511t4be4

    (02:35) Real Estate Glossary and Financing
    (15:43) Pueblo, Colorado Housing Market
    (32:55) Colorado Springs Housing Market
    (40:48) Deal #1 Long Term Rental: Pueblo Duplex
    (48:06) Deal #2 Room by Room Rental in Colorado Springs
    (56:35) Deal #3 Long Term Rental: Pueblo West Duplex with DSCR Loan

    Links from the Podcast
    • 2023 Investing Guide Book
    • Jeff’s Room by Room Rental Course
    • Panel of Pueblo Investors (Youtube)
    • Pueblo Economic Initiatives (Youtube)
    • Download the Slide Deck here
    • 1 hr 4 min
    • #144: Stop Waiting for a Price Drop | July 2023 Colorado Real Estate Market Updates

      July 2023 trends are out! Listen now for the latest market updates, prices, and new listings across Denver, Southern, and Northern Colorado. Discover top strategies, real deals, and points of caution to go out there and invest with confidence!

      https://youtu.be/P5_9XcPNlx4

      (01:45) Southern Colorado Price and New Listings Decreasing

      (08:11) Where and Why the Rental Pool is Expanding

      (13:10) Denver Trends: New Listing, Prices, and Deals

      (21:40) Northern Colorado Trends and Deals

      (29:35) Caution! Tax and Insurance Increases

      Links from the Podcast
      • Denver July 2023 Real Estate Market Updates
      • Colorado Springs & Pueblo July 2023 Real Estate Market Updates
      • Envision Advisors
      • Envision Advisors Facebook
      • Envision Advisors Instagram 
      • 33 min
      • #143: How This Investor is Inflation Proofing with Fourplexes

        Join Jenny and Leah as they chat with Michael P to reveal how he has mastered the art of fourplexes. Discover his strategies for turning around mismanaged properties, fostering tenant relationships, effective negotiations, and inflation proofing. Watch now to learn from Michael’s colorful insights to help you thrive in the complex world of multifamily investing.

        https://youtu.be/ts_6LZFvhA0

        (05:33) Negotiating with a Real Estate Attorney For Sale By Owner
        (14:00) Financing a Fourplex
        (20:50) Inflation Proof Investment Strategies
        (29:19) Why Fourplexes are the Property of Choice
        (32:26) What is In House Management?

        Links from the Podcast

        Email Leah Keeling: [email protected]

        • LinkedIn: @LeahKeeling
        • LinkedIn: @Michael Paccione
        • Envision Advisors
        • Envision Advisors Facebook
        • Envision Advisors Instagram 
        • 49 min
        • #142: The Power of Creative Financing: Buying a Duplex in Pueblo West with a DSCR Loan

          Jenny and Leah share a Duplex Rental Property Purchase in Pueblo West for $420K, financed by a DSCR Loan. Join us as we dive into the details of this turn key, high interest rate duplex in Pueblo West. Listen now to learn how you can use similar strategies to achieve your own real estate dreams!

          https://youtu.be/za4drMPYrmA

          (00:39) Pueblo West vs Pueblo Proper
          (04:09) Duplex Purchase with a DSCR Loan
          (07:09) Expected Rental Income (Pueblo vs Colorado Springs)
          (11:46) Budgeting, Expenses and Cash Flow

          Links from the Podcast

          Email Leah Keeling: [email protected]

          • LinkedIn: @LeahKeeling
          • Envision Advisors
          • Envision Advisors Facebook
          • Envision Advisors Instagram 
          • 18 min
          • #141: Creating the Perfect Room by Room Farm House Rental in Colorado Springs

            Jenny and Leah walk us through how their client unlocked the potential of a 5-bed, 2-bath Farm House in Colorado Springs! Listen now to learn the art of negotiating with tough sellers, adding a separate studio, and maximizing cash flow with a 6.875% interest rate.

            https://youtu.be/ZFmF3vF2ah4

            (00:50) Farm House Room By Room House Hack

            (02:50) Negotiating with a Tough Seller

            (10:17) Costs and Renovation Expenses for Adding a Separate Studio

            (16:00) Cash Flow Projections for Colorado Springs Farm House Rental

            Links from the Podcast

            Email Leah Keeling: [email protected]

            • LinkedIn: @LeahKeeling
            • Envision Advisors
            • Envision Advisors Facebook
            • Envision Advisors Instagram 
            • 20 min
            • #140: Stability Meets Profit: June 2023 Colorado Real Estate Market Updates

              Explore the latest real estate market updates in Colorado’s Front Range, covering Denver, Northern Colorado, and Southern Colorado. Our expert panel analyzes the June 2023 market statistics, offering essential insights for both seasoned investors and newcomers. Learn valuable investment strategies for new construction and multifamily opportunities, ensuring you stay ahead in this dynamic real estate landscape.

              https://youtu.be/Mc_bapPhjNI

              (01:33) Southern Colorado-Average Sale Price Up Year Over Year

              (07:35) Denver-What Type of Properties are Sitting on the Market?

              (09:15) New Construction Investing in Northern CO

              (24:19) Macro Trends and Historical Data

              Links from the Podcast
              • Denver June 2023 Real Estate Market Updates
              • Colorado Springs & Pueblo June 2023 Real Estate Market Updates
              • Northern Colorado June 2023 Real Estate Market Updates
              • Envision Advisors
              • Envision Advisors Facebook
              • Envision Advisors Instagram 
              • 32 min
              • #139: Latest Rental News: Stay Ahead of the Game in Colorado Springs

                Join Jenny Bayless as she uncovers updates on rents, apartments, and new construction in Colorado Springs. Don’t miss out on valuable insights to adjust your portfolio and keep progressing towards your financial goals. Tune in and be in the know for success in the Colorado Springs rental market!

                https://youtu.be/sPIFtoQ706Y

                (00:00) What Jenny Bayless is seeing around the Colorado Springs Rental Market

                (01:10) Colorado Springs apartment market likely to be overbuilt

                (03:55) Why new multifamily properties aren’t competition for investors

                (8:12) Colorado Springs rents growing faster than the U.S on average

                (9:16) Accounting for Median Income in your investing strategy

                (12:10) Rental Market Trends in Colorado Springs

                (13:27) How other Colorado cities compare to Colorado Springs

                (07:07) How Rents Have Changed Over 4 Years

                Links from the Podcast
                • Rental Market Trends in Colorado Springs, CO
                • Colorado Springs apartment market likely to be overbuilt
                • What’s Working: Front Range rents were mostly flat in April. Here’s how they’ve changed over four years
                • Envision Advisors
                • Envision Advisors Facebook
                • Envision Advisors Instagram 
                • 16 min
                • #138: The Must-Ask Questions That Will Help You Hire the Right Property Manager

                  It’s critical to interview several Property Managers (PMs) to find the right fit to manage your property.  But do you know the right questions to ask these property managers?  We’re providing a list of the most important questions you should cover with a PM before you hire them. 

                  Use these questions on a baseline to determine how much their services cost, what kind of customer service they provide to both you and your tenant, and how much work unexpected issues will cost you in both time and money.  Knowing how PMs operate their business is key to having a successful relationship.

                  Check out the podcast to get the full list.

                  3 Learning Options!

                  1. Listen to the podcast “#138: The Must-Ask Questions That Will Help You Hire the Right Property Manager” Colorado Springs Real Estate Investing Podcast
                  2. Listen to the full episode (at the bottom)
                  3. Watch the episode on YouTube
                  4. Top Questions for Property Managers
                    • What are your costs and how are they determined? Some PMs charge a flat fee and some charge a percentage of the rent.
                    • What’s the vacancy rate of your portfolio? The lower the number the better because either the tenants are happy and staying, or the PM is adept at filling the unit, or a combination of both if that number is high.
                    • How long have you been in operation?  It’s good to find a PM who has seen a variety of issues and knows how to respond to different situations.
                    • What is the annual tenant stay and turnover cost?  If the average tenant stay is only a year, then you’re turning over the unit on an annual basis, which is very expensive.  It can be more cost-effective to keep a good tenant who pays a little under market rent than to have to fill a vacancy every year.
                    • Do you have preferred vendors and how many types of each vendor do you have?  Find out how many plumbers, electricians, etc. they work with so you’ll know if you have any options for who’s doing the work on your property.
                    • What are your methods for screening tenants and advertising units?  You’ll want to find a PM who is comprehensive about screening tenants and keeps up with the ways tenants are researching units
                    • Links from the Episode
                      • Envision Advisors
                      • Envision Advisors Facebook
                      • Envision Advisors Instagram 
                      • Rental Property Spreadsheet
                      • 13 min
                      • #137: May 2023 Market Updates: Why Now Is a Good Time to Sell Your Headache Property

                        How did the spring selling season shape up? Our roundtable of experts is back to discuss all the market updates, stats, and trends in the May 2023.  Envision Advisors agents Jenny Bayless, Preston Newberry, Newt Wyler, and Your Castle agent Steve Medina joined me to talk about what’s happening along the Front Range, from Pueblo to Northern Colorado.




                        Three Learning Options! * Listen to the podcast "#453: 2023 Market Updates: Why Now Is a Good Time to Sell Your Headache Property" Denver Real Estate Investing Podcast* Watch the YouTube video. * Read the blog post. Note, the blog is an executive summary. Get the in-depth breakdown from the podcast or video.



                        In This Episode We Covered:




                        * The abundance of new builds in Northern Colorado are giving investors an opportunity to buy brand new homes at discounted rates, sometimes as much as $70K off. 



                        * Denver’s prices are mostly flat as the average days on the market increases, though well-priced properties are moving quickly.



                        * The strategies working best in Colorado Springs are leveraged multifamily properties with sizable down payments, room by room rentals, and house hacking.



                        * Pueblo still offers strong returns on long term rentals for investors following a buy and hold strategy.



                        * 60% of sellers had to offer some sort of concession–a great opportunity for buyers to buy down their interest rate.



                        * Investors who can afford to buy a property now will likely be able to refinance into a lower rate in the future.



                        * Why now is a good time to review your portfolio and think about selling if you have a property that’s giving you headaches.




                        Denver Market Stats and Observations for May 2023



                        Price




                        * -2% from May ‘22



                        * So many sellers are entranced with their 3% mortgage that few want to bring their listings to market.



                        * We have limited supply and limited demand, so the prices are steady.  I could imagine this balance continuing for most of the rest of the year.




                        Number of Sales




                        * -29% from May ‘22



                        * The debt ceiling discussions in Washington contributed to mortgage rates going up in recent weeks.  That’s slowing down buyers.



                        * New mortgage applications is firmly at 10 year lows.




                        Days on Market




                        * +144% from May ’22 (from 9 days to 22 days)




                        Active Listings




                        * +43% from May ‘22



                        * 5,225 active listings currently vs. historically May has 14,900.




                        New Listings




                        * -24% from May ‘22




                        Under Contract




                        * Off 23% from May ‘22




                        Average Discount




                        * 0.5% typical premium in May ’23 vs 5.3% premium in May ‘22




                        Other Notes



                        53 min
                      • #136: 20% Returns and Positive Cash Flow: Why This House Hacker Chose Colorado Springs

                        Last year, we talked to Miller McSwain about why he chose his first house hack, a single-family home in Colorado Springs.  He and his wife were fresh out of college and excited to start their real estate investing journey in their new state.  How are things going for them a year later?  We checked back in with Miller to find out how his first house hack played out and get all the details on the second one.

                        Thanks to Miller’s motivation to break Jeff White’s 7 house hack record, he and his wife moved into House Hack #2 the day after they met the 1-year occupancy requirement of their first house.  They took what they learned through trial and error in the first house and used it to refine their systems for their second.  Find out what worked and what didn’t by listening to the podcast.

                        3 Learning Options!

                        1. Listen to the podcast “#136: 20% Returns and Positive Cash Flow: Why This House Hacker Chose Colorado Springs” Colorado Springs Real Estate Investing Podcast
                        2. Listen to the full episode (at the bottom)
                        3. Watch the episode on YouTube
                        4. In This Episode We Covered
                          • The returns on Miller’s first house hack—20% total for the first year!
                          • The systems he put in place to effectively manage a room by room rental. Check out our Self-Management course for room by room rentals to get some additional pointers.
                          • How they found house hack #2 and their plan to maximize their returns
                          • Why location isn’t a huge factor when it comes to pricing rooms
                          • The power of networking and how Miller keeps track of all his contacts
                          • Links from the Episode
                            • How This House Hacker Started Investing Before Graduating College
                            • How the Rich Minimize Taxes: Building Wealth with Cost Segregation
                            • Miller’s Instagram
                            • Miller’s Website
                            • Envision Advisors
                            • Envision Advisors Facebook
                            • Envision Advisors Instagram 
                            • Rental Property Spreadsheet
                            • 39 min

                            About Colorado Springs Real Estate Investing Podcast

                            From the publisher's feed

                            Interested in investing in Colorado Springs or Pueblo? You’ve come to the right place! Host and investor friendly agent Jenny Bayless with Envision Advisors talks everything Southern Colorado real…