Real Estate & Relocation ^ Colorado

Our Denver Metro Area is Changing

In a few weeks, Denver Metro's $1.7 billion TREX Light Rail line will open up.  It's a wonderful addition to our much needed public transportation system.  The new light rail will service SE Denver Metro's suburb communities all the way to Lone Tree.

Along the Light Rail line, many new urban villages have popped up.  As Realtors we have been busy learning about each new area and what it has to offer.  We are also working on remembering where the Light Rail stations and parking are located.  Having this knowledge readily available is very helpful when working with clients who plan to use the Light Rail to commute to Downtown Denver, DTC - Denver Tech Center or any of the light rail stops along the way.

Lone Tree to add Goburb Village...

At the end of the line, in Lone Tree a development company just announced they plan to build an energy-efficient, transit-oriented development just south of Park Meadows Mall.  The plans are to build 2 million square feet of office space, 2,000 residential units and 50,000 square feet of retail space. 

Developers of the area believe this concept will be used as a model for other cities. They have coined a new term, "goburb village" to describe it's location, between urban and suburban.

Components in building the goburb village will encorporate green sustainable building and a higher density population; 3 times the amount of a suburban area. The project will be completed over 8 years.

Cats on a plane

I flew from JFK last night to DIA, via Jet Blue.  While I enjoyed Jet Blue, their convenience, service, space, TV and value, I didn't enjoy the fact a passenger had two cats in the cabin.

It wasn't me that cause a ruckus with the hostess, but I was close enough to hear the limit for cats and dogs in the cabin is three.  I never knew that before.  It seems more and more people are flying with pets. 

Is this a popular trend that just happened?  Or has it been going on a long time and I never noticed.

For people like me who are very sensitive (allergic) to cats, I wonder why it is allowed...

Flipping Mistakes

USA Today had an article about a real estate investor who was regretting his past actions. He is a 23 year old investor who got very carried away on the investment scene. After buying Carleton Sheets' No Down Payment and Russ Whitney, The Millionaire Real Estate Mindset, and others, he got himself into major debt.

He made the following mistakes and would like to tell others to avoid doing the same:

1. Using "liar loans"
2. Overpaying
3. Lacking cash
4. Quitting your day job
5. Hiring an unlicensed contractor
6. Buying sight-unseen
7. Buying out of state
8. Buying too many properties too fast
9. Underestimating remodeling costs
10. Having a poor exit strategy

Any of the mistakes can be overcome in the right situation.  Having more than one or all, are fatal.  Get rich quick schemes are just that...schemes.  The guys that sell the books are the ones that make the money.

Investing in real estate should be a long range plan for wealth.  Anything less cannot be guaranteed and should be approached with caution.

Moderation is the key.