Pueblo Real Estate Resources

In your search for great deals, you are probably utilizing all of the resources that you know of to find the next deal worthy of your investment time and money. This probably includes scouring craigslist ads, calling on FSBOs, and following up on your own marketing if you have any out. You may also be using a real estate agent as a source for deals. As the number of bank owned properties on the market increases, real estate agents are especially useful as sources to find and negotiate these types of deals.

However, you may need to train your real estate agent to cater to your particular needs as an investor. While there are some great investor friendly real estate agents out there, there are also many agents with little experience dealing with investing or dealing with investors. These agents can still hook you up to good deals, but

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We have analyzed this deal to see how this particular single family home in Pueblo would be as a rental property. Read the article Income, Depreciation, Equity Build Up, Appreciation and Leverage in Deal Analysis for an overview of how I do the deal analysis below.

Where is this property?

It is located in Pueblo, CO. The property address is kept private to preserve the deals for our members. To work with our preferred investor friendly real estate agent/broker for this deal, contact us about Deal #3751 and they can give you the full details about this property and help you in purchasing it. This particular property was submitted to the Pueblo Real Estate Resources Website featuring real estate investor articles and local deals.

How did we find this property?

We found this property from one of our real estate investor friendly agents/brokers or one of the real estate investor wholesalers we know in the Pueblo area.

Learn to find motivated sellers using marketing in Buying Houses with Websites. This CD is included as part of the 68 CD Ultimate Real Estate Investor Package that you get when you purchase any house we promote on the website through our recommended real estate agent or broker. To work with our preferred investor friendly real estate agent/broker for this deal, contact us about real estate Deal #3751 and they can give you the full details about this property and help you in purchasing it.

Property Details

• Bedrooms: 4
• Baths: 2.00
• Square Footage: 1,731 (see square footage estimates for info)
• All information is deemed reliable, but is pulled from tax records, real estate agent, zillow or the seller.

Income

• Gross Rent: $975/month (see Rent Estimates for more info)
• 4.00% Vacancy Adjustment: $39/month (see Vacancy Estimates for more info)
• Net Rent: $936/month
• NOTE: These numbers are for traditional rental income and NOT a rent-to-own. Rent-to-own analysis follows below.

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If it's time to fill a vacancy for one of your rentals, you will want to get the maximum marketing exposure possible. Chances are, that if you are reading this article online, you already understand the value of the internet. Three lines of description in your local print newspaper is no longer enough to get the phone ringing with enough interested renters in most markets.

With the widespread availability of the internet and the ease of accessing information on it, most of your potential tenants expect much more than a brief description of the raw data of their future dwelling – i.e. beds, baths, square footage and rent. Instead of spending all day on the weekend driving around looking at potential rental units, most of your tenant pool will prefer to browse through full color photographs of available rentals from the comfort of their favorite computer station. Many internet sites even offer virtual tours of available units, so to be competitive in our current marketplace, you need to make sure that you have the marketing out to reach all of these internet-surfing apartment hunters.

In addition to posting ads with full color photographs on popular sites like Craigslist,

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Unless you own all of your rental properties free and clear, chances are that you have some escrow accounts with your lenders. These escrow accounts are fed every month from your mortgage payments and this money is supposed to be used by the bank to pay your annual property taxes and insurance premiums. While it is tempting to let this system run on autopilot, you really shouldn't rely on your bank to get this right. Banks do make mistakes, some more frequently than others. While I personally may just have bad luck, I have had more than my fair share of challenges with different banks messing up my insurance payments over the years.

Of all the bizarre things that I have seen happen to my escrow accounts over the years, recently one of my lenders paid someone else's premium from my escrow account. Needless to say, after receiving telephone confirmation that this issue has been resolved, I am monitoring my escrow account very closely to make sure that the premium is returned to my account.

Most of the time though, when your bank messes up, it is just an annoyance that requires some extra time on the phone.

Here are some of the things that can go wrong when your bank doesn't pay your insurance premiums:

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At our monthly real estate investor meeting last week (here in Northern Colorado), I discussed with the group my preferred strategy for getting a huge marketing advantage to sell houses quickly for full price. This is the strategy I recommend BEFORE deciding to drop the price on your properties. It is especially effective with low interest rates.

Here's how it works. Let's say you are trying to sell a $200,000 home and you'd consider dropping the price $10,000 and selling it for $190,000 to get it sold quickly. Rather than dropping the price $10,000, you might instead consider

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