Row of beach vacation homes. (Shutterstock). Brrrrrr! When January hits Colorado, thoughts turn to finding warmth! A ten-degree day tends to spark daydreams of basking on the beach. Throughout the years, I’ve guided many clients toward Realtors® in their desired vacation spots. What I’ve noticed is that Coloradans often seek out sunny island or beach […]
Using a vision study to increase the value of your property
The value of real estate is often determined by its potential. When a seller places a property on the market, they often have not done any research as to what the best use of the property might be. Knowing exactly what can be done with a property in the future will often bring added value to […]
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 […]
Should I pay my mortgage off before I retire?
Your financial professionals can help you decide if you want your mortgage loan paid off at retirement or if any of these other ideas work for you. (Photo: Pexels). At first thought, it would seem to make sense – why not have your house free and clear and have no house payments in retirement? If […]
Increasing the velocity of real estate wealth by limiting capital gains taxes
If you own your personal residence in Colorado, you have probably noticed that your recent tax assessment increased by a large percentage. If you are planning to sell your home in the near future, the increased appreciation will result in the likelihood that you have a large capital gain tax bill to pay. The Taxpayer […]
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 your Real Estate with a Reverse Exchange
Real Estate Exchanges have been the main stay of building real estate portfolios for years. The main reason for the popularity of Exchanges is it allows you to trade one real estate investment for another, while deferring taxes on that transaction. This enables a more rapid increase in portfolio size, since more equity can be applied to the […]
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, […]
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 […]