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eNewsletter from
Chris George, Realtor...Investor...Advisor 
January 2009
In This Issue (Click Links)
Flipping Houses Takes a New Turn
Don't Miss Tax Deductions
Colorado to Get $34M for Blighted Properties
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2280Jamaica St

 Aurora, CO 80010
$173,000
4 Bed, 2 Bath
1,716 Fin Sq. Ft.
 
Wow! Gorgeous Remodel! Beautiful Hardwood Floors, Slab Grantie, 42' Cherry Cabinets, New Statinless Steel Appliances, 2 Fully Re Modeled/Tiled Bathrooms, New H2o Heater, Fence, Driveway, Roof, Gutters, Doors & Win Dows, Updated Electrical, Newer Furnace.
Cypress
Broomfield, CO 80020
$182,000
3 Bed, 2 Bath
 1,317 Fin Sq. Ft.
 
Fabulous Home in Greenway Park! Golf Course Community, Pool,Tennis Courts,25 yr Roof, Double Pane Windows, A/C, Private Backyard, Wood Burning Fireplace, Vaulted Ceiling All Appliances Included! Lots Of Potential In the Basement! Close to Shops!


 

 11005 Manet Way

Northglenn, CO 80234
$259,000

3 Bed, 4 Bath
2,454 Sq. Ft.
 
Nicely Updated Semi-Custom Home, Newer Carpet, New Vinyl Windows, Vinyl Siding, Up Dated Kitchen Cabinets & Tile Floor, Newer Central A/c, Huge 1/3 Acre Lot, Fully Finished Basement, Main Floor Laundry, First Floor Office - Don't Miss This One!
Quick Links...
 
Chris George
Realtor
1496 W 105th Dr
Westminster, CO 80021

Direct-303.478.5501
Office-303.962.4272 x444
Fax-720.524.8966
Chris@CGPremier.com
Interesting Fact:
The United States federal government owns more than 1/3 of the land in Colorado.
 'Flipping' Houses Take a New Turn
  
An article from The Denver Post, reports that an estimated 3,400 homes were "fixed and flipped" in the metro area over the past three years, according to an analysis by Your Castle Real Estate.  The gross margin (difference between the purchase price and sales price) has risen from $38,792 in Q1 of 2005 to $80,538 in Q3 of this year.  The most popular neighborhoods for fix-and-flips are Montbello North, Park Hill East, Old Thornton and East Colfax.  While most of the homes are priced under $200,000, flipping more expensive homes is expected to become more popular once the overall market solidifies.   
 http://www.denverpost.com/businessheadlines/ci_11222655

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01/06/09  Tuesday
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         Don't Miss Tax Deductions
On Your Real Estate Investment
 
An article from Realty Times, reports that investors should focus on five areas to make sure that they're not losing money when it comes to taxes.  The first area involves taking advantage of depreciation deductions.  You can either write-off the entire value over 27.5 years or depreciate assets within the property that are short-life depreciation expenses.  The short-life method can result in costs being recovered at twice the rate applicable to the real estate property.  Only 13% of investors take advantage of this.  Next, keep track of your travel to the property - it's a write-off as well.  Tax preparation can also be written off.  Document improvements versus repairs.  Repairs can be expensed.  The fifth and final area is casualty and damage to property.  Casualty expenses can be written off.

 
http://realtytimes.com/rtpages/20081226_missdeduct.htm
We have a streamlined system for assisting Buyers and Sellers achieve their real estate goals.  Within our systems, we avail our clients to the technologies and information necessary to help them efficiently move through the processes of real estate.  We also pursue a methods of communication that are timely and enable our clients to leverage information necessary to make the best decision possible. 
 
No real estate professional should be considered an expert unless they participate in the business they promote.   This is our basis for enabling our Property Investors to determine and take advantage of the best values in the market today.  Not only do our brokers have personal experience investing in real estate, but our brokerage Your Castle R.E. provides extensive research and daily analysis tools that enable us to quickly identify the best values.

It is with great confidence that offer our services to a variety of clientele, at multiple levels of the real estate industry.  Whether you are a first time home buyer looking for education and the best advice, or seeking a top agent who can sell your luxury home or even the property investor looking for your next property to leverage your financial portfolio, we have the expertise and resources to realize your goals.
Colorado to Get $34M for Blighted Properties
 
An article from The Denver Business Journal, reports that HUD has approved Colorado's request for $34 million.  The funds will be used to help communities suffering from especially high foreclosure rates.  "These funds will help Colorado communities recover from the effects of foreclosure and declining property values," stated John Carson, HUD regional director in Denver.  The funds will be used to purchase and upgrade distressed multifamily properties and single-family homes; demolish blighted properties; counsel new homebuyers; cover administrative costs; and help buyers rehab homes.  Additional funds have been requested by: Denver ($6 million), Adams County ($4.6 million), Aurora ($4.5 million) and Colorado Springs ($3.9 million).


http://www.bizjournals.com/denver/stories/2008/12/29/daily7.html

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You'll see what homes are selling for in your neighborhood and we promise to provide you with a good sense of value for the home you're living in. 
Sincerely,
Chris George
Realtor...Investor...Advisor
Preferred Business Partners
I'm proud to refer these businesses because I use them, too.

 
REFERRALS Since 95% of my business comes from referral, I am able to dedicate most of my time & energy towards my immediate clients.  Who do you know looking to make their next move?  I promise nothing less than superior service to those you refer to me!
 
Send an e-mail to Chris@CGPremier.com