Author name: ryan

You’ve probably heard of the new bill threatening to raise taxes on Short Term Rentals (STRs). It does not apply to primary residences. But it’s still worth knowing about as a house hacker. The bill from the Colorado State Legislature, known as Senate Bill C, addresses the property tax treatment of short-term rental units. Here’s […]

Are you intrigued by the idea of house hacking in Colorado Springs? Now is an opportune moment to dive into this strategy with multifamily properties. As house hacking enthusiasts know, purchasing a multifamily property to live in one unit while renting out the others can be a game-changer. Currently, there’s a unique window where House

Here is an awesome article written by a local and well respected economist for the Colorado Springs Gazette. It’s worth a read to understand why prices are not falling and why they probably won’t. Don’t let interest rates keep you from buying if you can afford it. If they go down prices will shoot up.

Basement conversions in Colorado Springs are a great way to house hack! Real estate investment strategies often focus on maximizing returns with minimal initial investment. In Colorado Springs, one of the most effective methods to achieve this is through basement conversions, especially when the investor is open to living in the renovated space. Below are

House hacking isn’t just a fad, it’s a smart way to live for free while you get the perks of owning real estate. If you’re in Colorado Springs and you want to save on rent and make some money on the side, here are some great strategies. Things to Consider If Colorado Springs is where

Want to nail your real estate investments? A deal analysis calculator is your best friend, and here’s how to master it: What’s the Deal with the Calculator? This nifty tool crunches numbers to tell you if an investment property is a goldmine or a money pit. Just plug in the property’s price, down payment, rental

Yesterday we received amazing news around 2-4 unit financing for house hackers! This change will take place on November 18th 2023 and allow for clients buying a 2-4 unit owner-occupied property to only put 5% down. Main take aways: 5% down on 2-4 units No income limits No self-sufficiency test Primary residence required No first

When it comes to House Hacking and real estate investing, many people find themselves entangled in a web of misconceptions and contradictory advice. The alluring prospect of timing the market and concerns about high-interest rates can leave aspiring investors on the sidelines; often the worst place they can be with their investments. These worries or

If you have owned your home since 2020 there is a great chance your home has appreciated enough in value to get your monthly PMI  payment removed. This will easily save you 2-5k/year. Getting rid of Private Mortgage Insurance (PMI) can be a financial game-changer for many homeowners. PMI is insurance that lenders require from

“Should I just wait until interest rates are lower?” I get this question all the time with my house hacker clients in Colorado Springs. Waiting is a common mistake. Waiting for rates to come down is a foolish game. It’s often used as an excuse to stay in one’s comfort zone. Here are some helpful