Denver Real Estate is Ripe for the Pickin'

There is a lot of activity in the Denver, Colorado area indicating it is getting close to the best time to buy. We haven’t seen an opportunity like this since the savings and loan crisis of the mid 1980’s. Houses are being bought for 60 cents on the dollar in many areas of Denver. As foreclosed properties flood the MLS it’s clear that banks are starting to discount houses enough to get seasoned investors interested. There are so many bank owned properties available it’s the kid in the candy store situation where you can get overwhelmed. I saw an older three bedroom, two bath home in Lakewood built in 1892 on a large lot for $184,900. A house with character like this fixed up could easily sell for $350,000 due to the neighborhood and large yard. This market is great for a buy and hold strategy or for bird dogs to find and flip to rehabbers. Take a look and see how you might make money in the Denver real estate market, and don’t be surprised if a realtor or investor tells you this is a terrible market. That’s what they were saying in 1988 when several smart investors were buying all the houses they could. Those savy investors made huge profits and you can too!