Colorado Springs Real Estate Investing Podcast

Since we’re getting ready to start making goals for 2022, now is a good time for an update on where I am with the goals I wrote for the 2021 Guide to Colorado Real Estate Investing Strategies .  It’s fun to think about all of the things it would be cool to do in a year, and then look back at the end of it and see where I landed.   While I had specific goals laid out for this year, I...

The Colorado Springs MLS trends data for August 2021 is out. The data changed slightly this month as things are finally starting to stabilize and go back toward seasonality and normal market trends.  For the first time this year, monthly showings dropped and even dipped below 2020’s showings per unit.  The number of listings is down nearly 200 units, and the median sales price went down...

This summer, I undertook some pretty major renovations on two properties I own.  One of these was partially planned, and the other one wasn’t.  Although I’ve renovated in the past, it was good to brush off the cobwebs and add to my knowledge.  Here are five tips I’ve learned from my experiences this summer.  Three Learning Options! Listen to the podcast “#50: Five Tips to...

This deal analysis looks at a duplex my clients closed on a few weeks ago.  These are sophisticated, out of state investors who know what they’re looking for and found the right property to add to their portfolio.  By using an escalation clause, they were able to beat out other interested buyers. And they paid in cash with the intent to refinance, and are now close to being able to...

This deal analysis looks at a single family home in Colorado Springs recently purchased by an investor who specializes in room by room rentals.  He joined us to talk about how he got started in this strategy and his method that makes it work, even from out of state.  He has a unique outlook that helped him nail down his system. Three Learning Options! Listen to the podcast “#48: Ma...

Our guest this week is Bill Rodriguez, a local lender in Colorado.  We picked his brain about general lending information, as well as how he thinks current events and new regulations will affect the industry.   Bill came out to Colorado back in 1999 to work in the telecom industry with his father.  After watching the dotcom bubble burst and seeing his father forced into early r...

Welcome to our new “Ask an Investor” series!  We’re inviting clients onto the podcast and giving them the opportunity to ask questions about their plans and properties; Chris and I will weigh in with our opinions based on our years of investing experience.  This podcast will mirror a lot of great conversations we have with our clients that go into deep nuance on a variety of topics.&#160...

The Colorado Springs MLS trends data for July 2021 is out. Comparing year over year (July 2020 to July 2021) is better than comparing the previous month, because we have defined seasonality trends. While July continued the trend of few listings and rising price points, the median price increased only slightly and we saw showings per listing decrease to the same level it was for July 2020 (11) whic...

We’re back on track this week with our live Drinks and Deep Dives after our two week break and ready to jump back in with an updated intro, transitions, and graphics.  This week, Colorado Springs agent Jenny Bayless joined me to talk about vacancy and rental rates as well as do a deep dive on a townhome she bought earlier this year.  We compared the estimates originally calculated when s...

This episode is the first in our new video series we’re calling “Property Walkthroughs” in which I walk Colorado Springs rental properties with the investor owners. We talk pros, cons and give a quick analysis for each rental property. You’ll gain unique and valuable insight from the owners themselves who share their successes, regrets and give tips on what to avoid and how...

A few weeks ago, Chris and I met up and started catching each other up on our families, investing, and goals.  As we were talking, I realized that I’ve been putting into practice a lot of the things I’ve learned over the course of my real estate investing journey.  So, I’ve compiled a list of the 9 lessons I’ve learned, as well as one thing I always plan for.  Real estate investing...

We’ve been so focused on talking about asset valuations increasing that we’ve been glossing over a very important component of rental property investing—rental rates.  As we’ve mentioned previously, actual rents are coming in higher than the pro forma estimations for most of this year.  So, I’ve compiled some data to see how Colorado Springs rent is changing.   Three Learning O...

In this week’s Drinks and Deep Dives, Jenny Bayless joined me to talk about market trends for Colorado Springs and Denver, do a deep dive on a recent investment property purchased in the Springs, and answer questions from listeners and clients.  For those of you who don’t know Jenny, she runs our Southern Colorado office. They are currently operating in the Springs with plans to expand down t...

Three Learning Options! Listen to the podcast “#39: 3 Bedroom Townhouse in Colorado Springs for $300K” on the Colorado Springs Real Estate Investing Podcast Watch the YouTube video (at the bottom.) Read the blog post. Note, the blog is an executive summary. Get the in-depth breakdown from the podcast or video. Investor Profile  Chris and Christine had been toying with the idea of...

We get a lot of questions from clients about investing in Pueblo, so we set out to learn more about the market there. Located about 30 minutes south of Colorado Springs , this steadily growing area has a lower cost of entry than the Springs and Denver.  I put together some metrics to compare Pueblo and Colorado Springs so that investors can see how this area stacks up and what sort of returns...

A lot of people hear room by room and immediately think of house hacking , but this is an investment property that my client isn’t living in.  This approach is generating big returns for him and shows that there are still ways to make money in today’s market. Three Learning Options! Listen to the podcast “#37: Room by Room Rental in a Single Family 5 Bedroom Home” on the Colorado...

Three Learning Options! Listen to the podcast “#36: Increasing Cashflow through Self-Management of 3 bedroom 1 bath Colorado Springs Rental” on the Colorado Springs Real Estate Investing Podcast Watch the YouTube video (at the bottom.) Read the blog post. Note, the blog is an executive summary. Get the in-depth breakdown from the podcast or video. Investor Profile  This client pre...

Instead of competing against 20 offers, say, we’re now only competing against 15.  Our agent Leah even helped a new client get their very first offer accepted, and it appraised for more than the contract.  We’re not sure what explains the lessening competition, although the average number of people walking through a property dropped from 18 in April to 15 in May.  It’s possible peop...

Three Learning Options! Listen to the podcast “#34: Fourplex in Colorado Springs for $619,000” on the Colorado Springs Real Estate Investing Podcast Watch the YouTube video (at the bottom.) Read the blog post. Investor Profile  These clients had previously worked with Chris Lopez and Preston Newberry to buy a condo up in Denver.  They decided they wanted to look for a multi f...

Three Learning Options! Listen to the podcast “#33: Deal Analysis: Return on Equity on a 3 bed 1 bath Single Family Rental in Colorado Springs” on the Colorado Springs Real Estate Investing Podcast Watch the YouTube video (at the bottom.) Read the blog post. Property Overview  This is a 1970s 3 bedroom 1 bathroom single family home in central Colorado Springs.  I purchased it...

Corporate rentals, or medium-term rentals, are for renters who need a place to stay over 30 days but less than a long-term lease.  Usually, these stays are for 1-3 months.  For investors, corporate rentals can be a sweet spot between short- and long-term rentals since they’re less labor intensive than short-term but go for higher rates than long-term rentals.  I sat down with Diana Tapia of Dublin...

We’re launching a new YouTube Live show called Drinks and Deep Dives with Chris Lopez! Why live? Well, because the market is moving so fast, that our content needs to move faster! You can find these episodes on both the Denver and Colorado Springs podcasts. Three Learning Options! Listen to the podcast “New Show! Drinks and Deep Dives: Market Update, Multi Family and Office Deal Analyses&#82...

Three Learning Options! Listen to the podcast “#30: Deal Analysis – Using Creative Financing to Build a Portfolio” on the Colorado Springs Real Estate Investing Podcast Watch the YouTube video (at the bottom.) Read the blog post. Note, the blog is an executive summary. Get the in-depth breakdown from the podcast or video. Investor Profile  Our client is just getting started...

Three Learning Options! Listen to the podcast “#29: Colorado Springs Real Estate Trends – March 2021” on the Colorado Springs Real Estate Investing Podcast Watch the YouTube video (at the bottom.) Read the blog post. Note, the blog is an executive summary. Get the in-depth breakdown from the podcast or video. Executive Summary Here are the Colorado Springs market stats for March...

Three Learning Options! Listen to the podcast “#28: Pueblo Real Estate Market Tour – 3 Properties Walked and Analyzed” on the Colorado Springs Real Estate Investing Podcast Watch the YouTube video (at the bottom.) Read the blog post. Note, the blog is an executive summary. Get the in-depth breakdown from the podcast or video. Property 1: Belmont  Belmont 3 bedroom 2 bath sin...