Happy Holidays!

Do Your Homework before Considering Commercial Investment

                               

If you’re thinking about investing in commercial real estate, always keep in mind the “five P’s”:

Prior planning prevents poor performance.

“Most people who invest in rental or commercial real estate don’t spend near enough time thinking about what their intent is and what they expect, nor do they do enough research to help ensure a successful venture,” says Adam Whitz, Broker/Owner of RE/MAX Commercial Group in Lansing, Mich.

To help you determine which commercial sector - and ultimately, which specific property - to invest in, Whitz advises you to consider these things:

• Why are you investing? Retirement? A steady stream of income? Long-term growth? College funds for your children?
• How much cash do you have for a down payment?
• Where is your investment capital going to come from?
• What return on investment do you expect?
• Do you want immediate income or a return years down the road?
• Do you have a plan for managing the property?

Without knowing the answers to these questions, Whitz says, you’re flying blind and have little chance of a satisfactory outcome. But once you have these factors in mind, you can get more serious.

A good first step is to contact a local expert.

.     Keith Hurtubise, a RE/MAX Broker in the Denver Metro area says, “Find someone familiar with the local markets. A good broker will refer you to an expert in whatever market you are comfortable in. An experienced commercial real estate professional can be a valuable member of your team, which should also include, at the minimum, an attorney and an accountant.”

“Most investors get caught up in the glamour of the transaction, but a good real estate professional can do the detail work that needs to be done,” Whitz says. “There are many commercial sectors to choose from – including retail, office, vacant land, manufacturing, and warehouse, medical and multifamily residential. We can help you evaluate your specific needs and choose the right investment for you.”

Commercial real estate professionals also know their market.

“Is it an ascending market? Very few are right now,” Whitz says. “Of course, that doesn’t mean you shouldn’t invest, but you must go into an investment with your eyes open.”

You also must understand aspects of your market’s demographics – whether the population is growing or declining, the average age and income of the populace, and so on. And you must understand critical factors in the commercial marketplace, including economic trends, vacancy rates, lease/rental rates and so on.

In all these areas, a commercial real estate specialist can be a valuable guide and counselor.

“You know the old adage: Ready, Fire, Aim,” Whitz says. “That doesn’t work out too well. We can keep you from going off-track.”

The advice offered here comes from sales associates affiliated with independently owned and operated RE/MAX office and may not be applicable to all areas.

The advice offered here comes from sales associates affiliated with independently owned and operated RE/MAX real estate offices and may not be applicable to all areas.

Contact Keith Hurtubise for a referral to an expert in your area.

Keith A. Hurtubise
RE/MAX 100 Inc.
Certified Distressed Property Expert
Broker Associate
Registered Real Estate Appraiser (Inactive)
710 Kipling St., Suite 110
Lakewood, CO 80215
303-232-4444 office
303-202-2221 direct
303-808-8202 mobile
keithabees@aol.com

203(k) Loan - Combine Purchase, Repair Money In One Loan

So you've found a home, perhaps a foreclosure, that's in the right location at the right price. You'd love to buy it, but it needs some work. And the seller, which may be a lending institution or the U.S. Department of Housing and Urban Development (HUD), is not offering to help pay for the fix-up. Is there a way to finance the repairs so that you don't have to come up with what may be thousands of dollars?

There is if you're going to be using an FHA-insured loan. Through what's known as the 203(k) program, you can add the repair costs into a primary mortgage and finance it over the life of the loan - at a much lower interest rate than with conventional alternatives.

"The 203(k) is becoming very important right now, because there are so many bank-owned homes on the market, you can't work with the sellers to get homes repaired," says Sherri Hopper of RE/MAX Properties in Colorado Springs, Colo. Hopper has worked with several clients who have used the 203(k) in their home purchase.

The FHA (Federal Housing Administration) doesn't actually lend money, but insures lenders against a loss if a borrower defaults on a loan. FHA-insured loans require lower down payments (3.5 percent) than conventional mortgages and have more flexible requirements, allowing borrowers with less than perfect credit to obtain a loan with a competitive interest rate.

Hopper provides these tips for buyers interested in a 203(k) loan:

• Work with a lender that has expertise in the program; not all do. A professional real estate agent should be able to help you identify such a lender.
• Be aware that closing a 203(k) loan will take longer than a conventional loan, so patience is a plus. Lenders may request additional paperwork throughout the process, so you need to be fully engaged.
• The amount of the loan will be based on the appraised value of the home after repairs are made.
• Contractors can't be related to the buyer, real estate agent or lender. And they must be validated by the FHA. You should make sure any contractors you're interested in using have filled out the paperwork to get validated. The contractor may be validated in as little as 10 days. The FHA can provide names of contractors who've already been validated.
• For some types of repairs, you can perform the work yourself if you're qualified. However, you can't be paid for the work.
• You're not required to get multiple bids, but it's in your interest to do so. After all, you'll be paying it off over 15 or 30 years.
• You can't use a 203(k) loan as an investor; only as an owner occupant. You can use the program for dwellings up to four units, provided you live in one of the units.
• You can use the 203(k) to fix up a condo, but only the interior.

It may take a little more time and effort, but a 203(k) loan can help you get into your dream home at a bargain price.

Read more about the 203(k) program.

Contact Keith Hurtubise at RE/MAX 100 Inc with any questions regarding using the 203(k) loan program in the local Metro-Denver area.

Keith A. Hurtubise
RE/MAX 100 Inc.
Certified Distressed Property Expert
Broker Associate
Registered Real Estate Appraiser (Inactive)
710 Kipling St., Suite 110
Lakewood, CO 80215
303-202-2221 direct
303-808-8202 mobile
keithabees@aol.com
www.keithabees.com

Building and Maintaining a Great Credit Profile

Your credit report represents how well you manage your financial responsibilities. The good news is that your negative information drops off over time but the positive information remains. Building a strong and consistent history of responsibly using credit is the foundation to building a great credit profile. Although it’s relatively easy to gain access to new credit such as credit cards, there are many best practices to use and common traps to avoid. Here are a few easy tips for effectively building your credit history.

Applying for new credit

• Don’t apply every time you see an offer. Getting too much credit too quickly can hurt your credit profile.
• Don’t build your credit profile through trial and error. Consult an expert such as a credit coach to develop a plan based on your short- and long-term needs.
• Print clearly when applying for credit. If your application information is entered inaccurately it can create variations of reported information on your credit report.
• Consistently use your complete name without any variations. Providing complete, accurate and consistent identification on your credit applications helps set up your credit history correctly from the beginning. It also minimizes the chance that your credit file will be incomplete or mixed with another consumer's file.

Once you have credit

• Pay your bills on time. Most lenders look at the most recent information on a report. So if you've paid your accounts on time for the last two to three years, the lender may weigh that more heavily than a series of late payments from five years ago.
• Set up a budget, and follow it. This is so much easier said than done! A credit coach can help provide you guidance on creating and managing a budget based on current income and debt as well as your short- and long-term credit needs. In the age of self-help and empowerment, managing your finances should top your list. The key is not to over-extend yourself.
• Develop and follow a plan for the type of credit you have, how you use it, and the type of credit you may need in the near future.
• Review your credit report periodically throughout each year.
  • At least 60 to 90 days before making a major purchase (such as a home, car or large household goods) you should prepare by reviewing your credit profile to help ensure it is optimized.
  • Continual evaluation of your credit profile is necessary to ensure you are not paying unnecessary interest expenses (i.e., you could qualify for lower rates and better terms). The average homeowners spend an estimated $300,000 in their lifetimes on unnecessary interest expenses.
  • Ensure no fraudulent or erroneous activity has occurred related to credit profile. An estimated one in eleven families was a victim of identity theft last year.

Getting help

A personal credit coach can be incredibly valuable whether you understand credit or not. Having a credit coach is similar to an asset manager except it’s for your liabilities. A coach will work closely with you to explain your credit profile, provide you guidance with ways you can more effectively manage it, and can help you evaluate it on an ongoing basis. Changes continually occur for all of us. Jobs change, unforeseen expenses happen and so on. If you begin to fall behind on your payments.

• Contact your lenders. Ignoring the situation will only add to your problems. Many lenders will work with you to set up a different payment schedule or interest rate. It never hurts to ask.
• Pay your bills when they're due. If you have an overdue bill, unpaid debt, tax lien or judgment, pay it off. You may find it easier to pay one affordable consolidation loan rather than several separate accounts. Your credit coach can help identify what options may be available to you.
• Stop using credit, if possible, until your finances are under control. Consider going to cash purchases only based on your budget. This will STOP the financial bleeding while you pull your credit management plan back into place.
• Look to professionals like the ApprovalGUARD Service. Your credit coach is experienced in explaining your credit and indentifying ways to optimize and manage debt.
• AVOID credit repair agencies. "If it’s too good to be true then it often is!" Most credit repair agencies typically charge you high prices to artificially "fix" your credit. This unfortunately often amounts to "band aid" work that manipulates loopholes in the system and often results in the credit issue returning to your credit report within months after it was supposedly fixed. If you have inaccurate information on your report, your ApprovalGUARD credit coach can help you identify it and specifically provide you with the proper methods for getting it addressed.

It’s important to note that The Credit Repair Organization Act is a federal law that prohibits credit repair clinics from taking a consumer's money until they have fully completed the services they promised. It also requires such firms to provide consumers with a written contract stating all the services to be provided and the terms and conditions of payment. Consumers also have three days to withdraw from the contract.

The ApprovalGUARD Service - Is the first and only service of its kind. Each ApprovalGUARD customer is assigned a personal credit coach to help them understand, evaluate and optimize their credit and debt profiles. The ApprovalGUARD Service additionally provides each Full Service customer with credit reports, credit scores, continual informative credit tips and education, and tools to more effectively manage and analyze their credit and debt profiles. Go to www.ApprovalGUARD.com and use the promotion code: REMAX1 for your free 30 day, no obligation trial.

© 2009 ApprovalGUARD Service

FHA Changes Loan Limits Again!

The FHA had decided in September to lower the loan limits on FHA insured loans.

I am not sure what changed since then, but now they have decided to raise the limits again to what they were before September 2011.

I guess they must feel that you are a better risk at a higher loan amount in December vs. September.

Even though you still only have to come up with 3% for a home loan down payment, you must look better on paper!  With my best John Stossel imitation, “Give me a break”!

Confused?

Don't be.

I have decided there is really no need to understand it. You only need to know what the loan amounts are if you are going buy with an FHA loan. Denver County went from $406,250 to $368,000 and now is back to $406,250 for a single family home.

The new Denver limits are:

SFH $406,250     Duplex $520,050   Triplex $628,650    Fourplexes $781,250


To search for your counties loan limits, go to:

https://entp.hud.gov/idapp/html/hicostlook.cfm

Put in your County and, for now, set the Limit Year to: CY2010

The site has not updated the 2011 year end amounts as of today, 11-30-2011.

Or,

Contact me with any Real Estate related questions. I am always here for you!

Bankruptcy: Your Last Resort

Bankruptcy should be your last option if you're in financial trouble. However, if your financial situation has been deteriorating for a long time, your credit standing is probably bad enough that filing for bankruptcy won’t do much to make it worse, says ApprovalGUARD President and CEO Jeff Mandel.

Keep this in mind, though: A bankruptcy remains on your credit report for 10 years. Also, creditors know that once you file for bankruptcy, you cannot do so again for seven years.

ApprovalGUARD is a credit service that assigns a personal advisor to each client to help them understand, evaluate and optimize their credit and debt profiles.

Types of Bankruptcy
A Chapter 13 bankruptcy filing, sometimes referred to as reorganization, does not discharge your obligations. It does allow you to work out a plan for paying off debts in amounts and timeframes that you can manage.

"Chapter 13 is designed to provide a solution for people who have suffered a short-term financial challenge due to a job loss or illness," Mandel says. "Although it will have a negative effect on your credit report, some creditors will view this as a demonstration of your willingness to pay your debts rather than to discharge them. In some cases, this may help you obtain new credit within a year or so."

From a credit standpoint, Chapter 7 bankruptcy is the darkest mark you can have. While it absolves you of the debts you owe (except for child support, alimony or unpaid income taxes), it makes obtaining new loans or credit cards extremely unlikely for at least a year or two - and perhaps longer.

One common problem people emerging from bankruptcy face is the catastrophic long-term impact it has on their ability to be approved for new credit at a reasonable cost. Many creditors will not lend to you for one to two years. When you finally begin to qualify again, you will typically be categorized as "extra-high risk," which often leads to lower credit limits and very high interest rates.

"The good news is that nothing credit-related is forever," Mandel says. "The effect of a bankruptcy on your credit score can start to diminish the day your case is closed."

Tips for Recovery From Bankruptcy

• Plan your credit recovery. Take it slow and easy; don’t exceed what you can afford.
• If your credit report contains inaccuracies about debt that was discharged through your bankruptcy, contact the creditor or the credit bureaus to request a correction.
• If your problem was over-spending, create a written budget and stick to it.
• To re-establish a strong credit profile, you need a good history of payments from credit cards and installment debt such as loans for autos, education or a home.
• Consider a “secure” credit card. Such cards are usually backed by your savings account or money you place in escrow to cover 100 percent of your credit line in case you miss your payment.
• If you don't have enough funds to survive a setback, get serious about saving for an emergency fund. In the current economy, you need at least 12 to 16 months.
• If your problem was related to medical bills, seek out an insurance solution.
• The rebuilding process requires you to use credit responsibly. Use only a small portion of your available credit line (30 percent or less) and make a full payment every month.

You may be able to apply for a home loan in as little as two years after the discharge of your bankruptcy. However, you should expect to pay higher fees and interest rates.

Adding Real Estate to your Retirement Accounts

Spooked by the stock market? Wondering what kind of return you’ll get with bonds? Getting minimal return in your money market fund?

Here’s an option you may not know about: The U.S. Internal Revenue Service allows you to have real estate investments in a self-directed IRA retirement account.

 “It’s a wonderful way to increase your retirement fund,” says Ruthann McBride (CDPE, CIAS), a real estate agent with RE/MAX Estates in Estero, Fla. “You can take any or all of the money that you currently have in an investment fund and buy real estate.”

You can invest in any type of real estate – single-family homes or condos, multi-unit properties, commercial real estate, even vacant land – through your retirement account.

  “I have helped many clients over the years with small income property, single family homes and small commercial property sales. All of these are appropriate,”said Keith Hurtubise, RE/MAX Hall of Fame member from RE/MAX 100 Inc. in Lakewood, CO.

The critical factor is that the investment must be in the name of your IRA – not your own name.

Taxes are deferred
As with any tax-deferred retirement account, income and capital gains accumulate tax-free until you tap into the funds. Once you do so – you can begin withdrawing funds with no penalty at age 59½ – you pay taxes on the gains. Rent or lease payments, then, flow directly into the retirement account. Expenses – maintenance and repair, costs for finding new tenants and so on – are taken directly from the IRA.

“This is for your retirement,” McBride says. “Not for income that you can use right now.”

Restrictions on real estate investments in retirement.

• The limit on the amount of new money you can invest ($5,000 annually if you’re under 50, $6,000 if you’re 50 or older) applies to real estate, just as it does to any other tax-deferred retirement investment.
• The property must be a true investment. Neither you nor your spouse can live or vacation in it, nor can lineal family members (parents, grandparents, children, grandchildren, great-grandchildren) or their spouses.
• You can’t write off expenses or losses on your taxes.
• The investment must be in care of a government-approved custodian, which holds the investment. (Only a small number of such custodians exist in the U.S.; I have been involved with several different 1031 accommodators and can help you find one.) And a separate administrator must handle record-keeping and tax reporting.
• If you sell the property and make a profit, the gains go into the IRA, not to you. If you choose to re-invest the profits in real estate, you can do so – but still in the name of the retirement account

Such investments aren’t for everyone, McBride cautions.

“Liquidity might be an issue if you’re concerned about needing your money before retirement,” she says. “Like any other real estate investment, it may take time to sell. Your money is not liquid.”

Hurtubise says, “For someone with a couple of different  retirement accounts, it may make sense for them to consider converting one to a self-directed account for real estate investments.”

McBride enthusiastically endorses real estate investments in an IRA.

“It’s the best of all worlds,” she says. “The beauty of it is, even when you begin withdrawing funds, you still have the underlying asset – the property – which can continue to appreciate in value. Over the long-term, real estate traditionally has been more reliable and made more money for investors than more traditional retirement investments. Another advantage is this: Suppose I buy stock in a company that folds. That money is gone. But real estate will always be there.”

Realtors aren’t qualified or authorized to offer tax advice, so you should consult an accountant or other tax expert before deciding whether real estate makes sense as a retirement investment – and how to structure the transaction.

When you do decide to invest in real estate, contact Keith Hurtubise to help you find and purchase the right property.

The advice offered here comes from sales associates affiliated with independently owned and operated RE/MAX real estate offices and may not be applicable to all areas. Contact Keith Hurtubise for a referral to an expert in your area.

Keith A. Hurtubise
RE/MAX 100 Inc.
Certified Distressed Property Expert
Broker Associate
Registered Real Estate Appraiser (Inactive)
710 Kipling St., Suite 110
Lakewood, CO 80215
303-232-4444 office
303-202-2221 direct
303-808-8202 mobile
keithabees@aol.com

Lowering the Energy Bill

Want to save a buck?
If you are willing to spend a few dollars on supplies and do a little work, you can lower your heating bills and enjoy a toasty home this winter!
Check out the following article for some ideas on keeping the nasty cold out of your home.
If you are interested in saving a few more bucks on your supplies or on any Lowe's purchase, contact me about my Client Appreciation Program.


9 Ways to Keep Lid on Energy Bills

Prices Fall as Homes Sit on the Market

 

The latest Credit Suisse Realtor Survey, in which I am a member, had the following summary of the Denver market for the month of October;

Home prices remained under pressure in October, as our home price index came in at 34 (from 33 in September), short of a neutral reading of 50 and pointing to lower prices over the last 30 days (readings below 50).

Prices continue to fall despite four consecutive months of lower inventories. Our home listings index improved to 81 from 70 in September, with readings above 50 pointing to lower inventories.

However, the time to sell increased, remaining a drag on home prices, as our time to sell index came in at 42 from 35 in September, closer toward a neutral reading but still short of 50 (readings below 50 point to an increased time to sell).

We view the increased time to sell as a negative indicator of future pricing and remain concerned

over shadow foreclosure inventory.

RE/MAX Among Top 20 Military Spouse Friendly Employers

For the fifth year in a row, RE/MAX has been named among the Top 20 Military Spouse Friendly Employers by Military Spouse magazine. Finalists for this year's Top 20 were selected from a pool of more than 5,000 large companies, and RE/MAX was the highest-ranking real estate company on the survey. RE/MAX is joined on the list by other high-profile organizations like USAA, T-Mobile, Kelly Services and Sears. The survey is featured in Military Spouse magazine's October 2011 issue. "We’ve always supported members of the military and their families; it’s part of our effort to give back to the communities where we do business," says Gail Liniger, RE/MAX Co-Founder and Vice Chairman. "Our offices hire military spouses because they become dedicated, organized employees who work hard to get the job done right." RE/MAX, in cooperation with the Department of Defense, created an initiative in 2006 called Operation RE/MAX. The program matches members of the military community with volunteer RE/MAX brokers who have made a commitment to coach, train and mentor military personnel. As a result of the success of Operation RE/MAX, the company was honored in 2007 with the Office of the Secretary of Defense Exceptional Public Service Award.

Denver Commercial Numbers Continue in the Right Direction –Slowly

According to an article by Dennis Huspeni in the Denver Business Journal, quoting a from the Newmark Knight Frank Frederick Ross’ (NKFFR) Market Trends report, the Office, Retail and Industrial vacancy rates and absorption rates continue in the right direction.

The office market still seems to be “upgrading” with Class A properties showing absorption and Class C buildings showing vacancies.

Retail and Industrial moves were dominated by some big names. Wal-Mart and IKEA in the Retail market and ConAgra, Lincoln College and SMA Solar dominated in the Industrial market.

Read the whole story here.

THE BLOG IS BACK!

I tried the email blast route for market updates but realized that the blog route is more efficient.
So here we go again!

Short Sale Fraud Plagues the Housing Market

Fellow Real Estate brokers running short sale scams!

Short Sale Fraud

Make sure you know who you are dealing with!

Early money is not always smart money but smart money is usually early money!

What’s this, another report of a new project in Denver? One week after the announcement of The Gaylord Resort and Convention Center to be built in Aurora, Penny Parker reports in the DENVER POST that another project is slated for development. An announcement like this every week would show a ton of faith in Denver’s future.

Parker reports, at the corner of I-25 and Hamden, D.H.Friedman will build a retail project and another builder will develop 350 apartment units on the north side.

Although this is nowhere near the size and scope of the DIA /Gaylord project, these types’ of developments start the inflow of money, jobs and new businesses into the community.

Is this early or smart money? Probably both, but the most important thing is the money is flowing the right direction!

Great Job Aurora!

If you are getting tired of the depressing numbers you read lately.
Check out these figures!

$800 million = Western-style convention hotel

$300 million = an incentive package

1,500 = rooms

400,000 = square feet of exhibition and conference space

1,900 = construction jobs

1,800 = permanent, on-site jobs

3,200 = direct and indirect jobs.

$5-billion = impact over 30 years.

Add these numbers up and what do you get? 

The Gaylord Resort and Convention Center

For those of us who have lived through the peaks and valleys of the Denver economy, this may bring a smile to your faces. Remember all the excitement of building DIA, getting the Rockies baseball team and building a new stadium. How about the convention center?

Great Job Aurora!

Insurance Savings

Re-Examine Auto Coverage .

This short article from the WSJ about re-examining ones auto insurance reminded me of my reviewing all of my insurance policies earlier this year. The article states that we need to make sure we have the proper policies and not overpay for unneeded coverage.


I have been telling all my clients and customers that they should shop their insurance business every year to make sure that they are getting the best deals and the coverage they need. After all, lower expenses increases value!

But… or more like Butt... I have not been following my own advice. For several years I have listened to my friendly insurance agent assure me that I am getting the best deal compared to what is available from his competitors.

This year I actually followed my own advice and was surprised to see the needed policy changes and how much I was leaving on the table. Buy shopping around switching from one company to another, I saved over $400 annually and ended up with better and more coverage. I achieved this by switching my homeowners, mountain rental and an umbrella policy. I also switched a couple of cars where the savings were minimal but doing so helped with the total cost savings.

I have another out state rental and 2-3 motorcycles coming up for renewal, I have already looked into these and have found similar savings.

Getting off my BUTT and listening to my own advice turns out to be the right thing to do!

If you want more details, give a call.

New Web Site

http://www.keithabees.com/



The new web site is up and (obviously) the old blog is here.

Thanks Steve and Josh at Hot Listings, http://hot-listings.info/ for making what had become an ugly transition much smoother and easier. I was struggling for a year to convert from the old platform before deciding to just start over.

Since we are starting from scratch, this means the site is bare bones right now but will be updated as we go forward. I hope to continually update with valuable info for small income property and commercial investors, as well as being able to help with all your residential real estate related needs.


We were able to get the special TAX APPEAL comparable sale section up in time to help with 2-4 unit tax appeals. I wish you all good luck in getting your assessment lowered.


All the investor help from the old site is still available; searches, comparable sales lists, CMA, 1031 information, eviction help, market trend info, buyer and seller help, etc. Although not all is currently available on line, I am always available to help. Feel free to contact me with any questions!

As we are processing the info to upload to the new site, please let me know what would be valuable to you. I am open to all suggestions.


Let’s have a great summer.

ARMs are the problem through 2012.

- Number of properties that are 30 or more days past due, but not in foreclosure: 4,659,000
- Number of properties that are 90 or more days delinquent, but not in foreclosure: 2,165,000
- Number of properties in foreclosure pre-sale inventory: 2,196,000
- Number of properties that are 30 or more days delinquent or in foreclosure: 6,856,000


BLAME IT ON THE ARMs - "February's data also showed a 23 percent increase in Option ARM foreclosures over the last six months, far more than any other product type. In terms of absolute numbers, Option ARM foreclosures stand at 18.8 percent, a higher level than Subprime foreclosures ever reached."

NAR reports that existing home sales dropped 9.6%, and the median price hit $156,100, a 10-year low.  WSJ says that the stage set for steep discounting in the spring market.
GOOD NEWS in the rental market, as it heats up. The average US apartment vacancy rates dropped to 5% last year from 8%. This has developers salivating over the potential for a multiyear rental boom even with the glut of foreclosed SFRs. Builders will build!

Market Improves for Small Income Property! 2010 Sales Review.

2010 Small Income Property Sales Review -  Lets look at the numbers!

Once again, as I have done annually each January, I researched the previous year’s sales from our local Metrolist MLS for information regarding small multi-family income property.
I review SOLD information from the four counties of Adams, Arapahoe, Denver and Jefferson. Sales are from January through December 2010. The information used for comparison is from small multi-family property sales with less than 20 units. The majority of these sales in the Denver Metro area are in the 2-4 unit range.


Complete sales lists by County of 2-4 unit sales are available for a more in depth look into specific types and neighborhoods.

If you are interested in quarterly updates throughout the year, a Current Market Analysis of your income property or just have a real estate related question - contact me any time at any of the contacts below.

As always, any suggestions, comments, complaints, praise, etc., is truly appreciated.
Your feedback helps to keep me up to date on what is most valuable to you. My satisfaction comes from helping you achieve your real estate goals.


Oh by the way, I am never too busy for any of your referrals.


Keith A. Hurtubise
RE/MAX 100 Inc.
Broker Associate
Registered Real Estate Appraiser (Inactive)
710 Kipling St., Suite 110
Lakewood, CO 80215
303-232-4444 office
303-202-2221 direct
303-808-8202 mobile
keithabees@aol.com
www.keithabees.com