There was some good news this fall as the FHA has eased some restrictions burdening the sale of condominium units. FHA financing is quite common for condominium purchasers and previously that type of financing has been tough to get due primarily to a restriction on the ratio of commercial to residential units in the complex. … [Read More]
Todd Groth subscribes to Loopnet
Hi Everyone, Just last week I set up a subscription to Loopnet which enables me to conduct searches for commercial property including land, multi-family properties, retail space, warehouses, and more. In 2012 I know I’ll need this service for some clients that have expressed interest in the multi-family sector. If you are interested in having me… [Read More]
Multi Family / Land Search
Tomorrow I’m going with my client to search for possible building sites for energy efficient townhouses/condos. We are also looking for a possible income property with an 8 to 10 cap rate in Denver, or Northwest Denver metroplex like Lakewood, Westminster, Arvada. Over the weekend we got our rental property rented. Yeah! Also, I’ll be putting… [Read More]
Multi-Family Housing
One sector of the real estate market that is not suffering is the multi-family sector. Apartment owners are enjoying the benefits of having nearly all of their units rented. It’s even considered a “sellers market” for apartments according to some brokers. A report by the Colorado Division of Housing reported that overall vacancy rates fell… [Read More]