To earn a real estate license in Colorado, an applicant must complete a total of 168 hours of coursework covering real estate law and practice, Colorado contracts, trust accounts, legal issues, closings, and practical applications. Colorado has much more stringent educational requirements than other states. Therefore, after agents are licensed and can practice real estate, […]
You might be a real estate professional
If you own several properties, you may want to check with your CPA to see if you qualify – in the eyes of the Internal Revenue Service (IRS) – to be classified as a real estate professional. The IRS has a special provision with specific criteria to determine if you qualify as a real estate […]
Buying a Home with a Septic System
Boulder County – Over the years we’ve learned a considerable amount about the impact of septic systems. There is clear evidence that aging, unapproved septic systems have been leaking into our water system. As a result, Boulder County implemented SepticSmart Regulations on September 1, 2008 in order to protect our health and environment. Here are […]
Buying a home? What’s the Walk Score, Bike Score or Transit Score?
Nowadays in 2023, more people are working from home. By working from home, workers can avoid commuting, and along with the increase in the price of cars, many are trying to get along without a car in their day-to-day life. Walkable access to daily needs and public transportation are the keys to selling the car […]
Increasing the velocity of wealth with a vacation home
Owning a second home in the mountains or on the beach can be a wonderful experience. However, in most cases, it can be more of a liability rather than an asset. An asset is something you own that creates cash flow for you. In the case of a vacation home, especially if you leave it […]
Increasing the velocity of wealth with a college condo, Part 2
In my last article, Part 1 of “Increasing the Velocity of Wealth With a College Condo,” I discussed how purchasing a condo or house for your child to live in while attending college can be a worthwhile investment and can provide financial benefits and other advantages for your college student. As you evaluate this decision, […]
June is Home Ownership Month! Home Ownership Matters!
In 2023, Homeownership is more important to the individual than ever before in America. We live in a world with pressures to rent everything and love it. Think about it! We can rent a scooter to get around, we can use an app to get a car ride, we can rent a first-time apartment and […]
Increasing the Velocity of Wealth with a College Condo
When a child is born, parents begin to wonder how they will pay for college in 18 years. As with any investment that grows, the sooner you get started, the better. Parents start to save for college a variety of ways. Maybe open a Colorado 529 account or buy a home designated as a college savings account. Once […]
Increasing the Velocity of Value in an apartment building with income multipliers
The Value of an apartment building is based on income produced by the property. Once you know the income of the building, you use either the Gross Rent Multiplier or the Capitalization Rate to determine value of the building The multiplier number is determined by the market. In other words, what are investors paying for income streams from […]
May is Archaeology and Historic Preservation Month in Boulder CO
Boulder, Colorado has a very rich history and is well known for the desire of its citizens to preserve certain aspects of that history. In 1974, the City of Boulder created a Historic Preservation program after a citizen -driven effort to recognize and protect buildings and sites important to Boulder’s history. Initially, there were 5 individual landmarks […]