MONDAY MORNING, BRIGHT AND SUNNY

It's a beautiful day. Time for another 4-mile walk before it gets too hot. Speaking of too hot, our real estate market got too hot. This is why its cooling off now. Our strategy was to stay inside while it was too hot. The question is, when will it be time to venture out into the market again? My guess is that it may be approaching that level soon. One indicator is that the rental market is getting better. Another is that construction costs are getting out of hand. This means that you can buy a property now for much less than it would cost to reproduce at today's labor and material costs. Furthermore, in contrast to two years ago, it is easier to find tenants. It never ceases to amaze me when investors are eager to buy properties when tenants are scarce. In the long run, unless you are a "quick turn artist", the ultimate success of your real estate investment will be governed by your ability to locate tenants to cover your costs of capital and operating expense. Stay tuned for new information as it becomes available. Call me at 720-449-0200 if you want to talk about some of the topics you see here.