As we all know, the real estate market can be unpredictable. One question we hear quite often is, “Is now a good time to invest in real estate?”
Rather than offer simple opinions, here’s why Grace Property Management President, Marc Cunningham has decided to invest in additional Denver rental properties in 2020:
Why I’m Investing in Denver Real Estate in 2020
I currently own a few pieces of real estate, but in 2020 I’ve decided to purchase additional real estate properties. Here’s why:
1. Interest Rates are Low
Interest rates keep ticking down, which presents a great opportunity for us as real estate investors. A headline in a recent edition of The Wall Street Journal read, “Mortgage Rates Fall to Lowest Level Ever.” The most important word in that headline is... EVER!
No one knows how long these low interest rates will last, but It’s very possible if you don’t purchase real estate property now, 10 years from now you’ll look back and wish you had.
2. Demand for Rentals Continues to Increase
One thing is certain, more and more people are moving to Colorado – and they need a place to live!
If we want affordable housing options in Colorado, more people will need to invest in rental properties. Single-family rental homes are in high demand, and we expect this to continue long term.
3. Appreciation Continues to Increase
No matter what statistic you look at, Colorado has one of the highest appreciation rates in the nation. Why? Colorado is a desirable place to live, the cost of new construction continues to increase, some municipities are even placing very low limits on new constution.
For these reasons, I believe it is likely that Colorado will continue to see real estate appreciate over time.
4. Real Estate Owned = Long Term Wealth
At Grace Property Management, we’ve been in the real estate business since 1978. We’ve seen many ups and downs during that time, but one thing we do know is that investing in real estate today usually equals long term wealth tomorrow.
Buy and hold real estate investing is not a 'get-rick-quick' sceme. Rather it is a 'get-rich-slowly' guarantee. We have had clients that have owned Denver rental properties for more than 40 years, and over time that has translated into tremendous wealth for them, their families, their children, and even their grandchildren.
Get Your Denver Real Estate Investment Questions Answered
If you’ve been contemplating investing in a Denver rental property, now may be one of the best opportunities you have because of these four reasons.
If you have questions about the Denver rental market or any other property management question? I’d love to help you out. Send me an email at marc@rentgrace.com, call me at 303-255-1990x11, or contact our office!
I’d love to put you in contact with a qualified real estate agent (Realtor) who can help you find, qualify, and close on that piece of investment real estate.
Your future self will thank you!
Read More Property Management Blogs »
