NOW IS THE TIME TO TAKE
ACTION... AT TA I N R E S I D E N T I A L I N V E S T M E N T P R O P E RT Y
KEY TRENDS SAY: A positive real estate investment environment is re-emerging in Nothern Colorado because... Employment Increasing Vacancy Rates Declining Rents Increasing Number of Available/Appropriate Investment Properties Decreasing Low Cost of Funds Northern Colorado is Nationally Recognized for Quality of Life
Financial strength doesn’t just mean you just have money in the bank. It means you have discipline, you have systems, you have reserves and you have knowledge.
them. The less we interact in the course of a year, the better year we have. I never charge a late fee but I always expect a call to let me know what is going on. As long as I have a heads up and there is a plan, I will keep it flexible. If I feel I’m being scammed, that is a different situation but people respond in kind.” The bottom line, Mygatt says: “If you take care of your real estate investments they will take care of you.”
FIVE MAJOR BENEFITS WITH RESIDENTIAL INVESTMENT REAL ESTATE CASH FLOW- Rent provides income. LEVERAGE- You can own real estate by spending only 0%-20% of property value. DEBT REDUCTION- Real estate is one of the few investments where someone else will make your payments. TAX SAVINGS- You can depriciate the house & write off the your expenses. APPRECIATION- Over time, the value of property rises.
Websites on legal issues for landlords: http://topics.law.cornell.edu/wex/Landlord-tenant www.boma.org/AboutBOMA/ www.dola.state.co.us/cdh/landlords/index.htm
Rob Mygatt, Broker Associate/Partner, The Group Inc.
Business & Building 2008
www.thelpa.com/lpa/associations/colorado.html www.rentlaw.com/coloradolandlordtenant.htm
ROB MYGATT
office: 970.229.0700 direct: 970.229.5411 mobile: 970.227.6489
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