Connect with us

Real Estate News

Longmont-area real estate, commercial deals; May 30, 2021

Avatar photo



May 30th – trust deeds

This list includes trust deeds (to secure the repayment of a loan) of $ 750,000 or more. The information includes the borrower, the lender, the address or legal description of the property, the date the trust deed was filed, and the amount.

Carl S. Weimer, Elevations Credit Union, 4751 Summerlin Place, Longmont, 5/10/2021, $ 1,171,274.00

East St. LLC, Commerce Bk, Mult Prop, 5/11/2021, $ 1,500,000.00

Gold Nugget LLC, First Western Trust Bk, 7142 Gold Nugget Drive, Longmont, May 12, 2021, USD 1,020,000.00

John R. and Sharon J. Soltis, US Bk, 6432 Legend Ridge Trail, Longmont, 5/12/2021, $ 867,000.00

Katherine R. and John M. Vollmayer, Midwest Regional Bk, 2735 Geneva Place, Longmont, 5/5/2021, $ 881,000.00

Mapleton Hill Invest LLC, Firstbank, May 5, 2021, $ 99,999,000.00

Rude Dog Properties LLC, Bk Colo, 1441 Emery St., Longmont, May 11, 2021, $ 1,400,000.00

Scott Everett Pritchard, JP Morgan Chase Bk, 3715 Fowler Lane, Longmont, 5/10/2021, $ 1,360,000.00

Stephan A. and Nicki J. Boettcher, Bk Am, 8601 Portico Lane, Longmont, May 11, 2021, USD 1,040,500.00

Vine St. Devl. LLC, Firstbank, Mult Prop, 05/12/2021, $ 1,000,000.00

West End Invest LLC, Elevations Credit Union, Mult Prop, 5/13/2021, $ 7,165,500.00

Ziggi Ventures LLC, High Plains Bk., 1221 S. Main St., Longmont, May 12, 2021, $ 4,420,261.30


This list includes deeds (transfer of ownership of a property) of $ 350,000 or more. The information includes the seller, the buyer, the address or legal description of the property, the date of filing the deed and the amount.

2145 Upland LLC, Vine St. Devl. LLC, Vl, 05/12/2021, $ 1,570,000.00

2945 Wilderness Place Ltd., Beta 1000 LLC, 5400 Kennedy Drive, Longmont, May 5, 2021, $ 544,500.00

400 402 Main LLC, Lyons Mane LLC, Mult Prop, 6/5/2021, $ 655,400.00

Adam C. and Kelsey N. Shearer, Orchard Property I LLC, 876 Shuttleworth Drive, Erie, 5/11/2021, $ 455,000.00

Alexis and Julianna Vorhaus, Jeffrey Stampes, 3627 Wildrose Place, Longmont, 6/5/2021, $ 542,000.00

Angie and Patrick McCreavy, Amanda Skye Davis, 2104 Third Ave., Longmont, 6/5/2021, $ 427,000.00

The story goes on

Atlas Properties Ltd., Spencer Jack Schell, 718 Pendleton Ave., Longmont, 5/10/2021, $ 650,000.00

Barbara L. Block, Nick Danger, Moonlight Drive 1522, Longmont, 5/5/2021, $ 655,000.00

Barry J. and Jody J. McClurkin, Ariel Wishkovsky, 2139 Grant St., Longmont, 5/13/2021, $ 370,000.00

Beacon Properties LLC, David Billings, 2137 Steele St., Longmont, 5/10/2021, $ 460,000.00

Beau Hanes and Esther Gwen Clark, James Hewitt, 1023 Atwood St., Longmont, 6/5/2021, $ 407,000.00

Bradley N. Grgurich, Blake T. Ryan, 1528 S. Coffman St., Longmont, 5/10/2021, $ 525,000.00

Brandon Schmidt, Dillon, and Megan Whisman, 6 Seattle Lane, Longmont, 5/12/2021, $ 388,600.00

Calatlantic Group Inc, Sheila and Harry William Goldstein, 1538 Bluemoon Court, Longmont, 6/5/2021, $ 507,100.00

Calatlantic Group Inc., Erik Wiedenbach McLeod, Armstrong Drive 1541, Longmont, May 13, 2021, USD 598,400.00

Charles C. and Melanie O. Nygren, Cole C. Nygren, 401 Terry St., Unit A, Longmont, 11/5/2021, $ 425,000.00

Charles and Dorothy A. Burkhalter, Jonathan J. Farino, Lee Way 1018, Longmont, 5/5/2021, $ 425,000.00

Christine Marie and Douglas Williams Ludwig, Dana Lee, and Martha Lee Walters, 1805 Clover Creek Drive, Longmont, 5/13/2021, $ 555,000.00

Christopher James Hunt, Neil D. Kearney, 912 Half Measures Drive, Longmont, 5/10/2021, $ 758,000.00

Coyle Enterprizes LLlp, Andrew M. Farny, 717 Baker St., Longmont, 5/11/2021, $ 380,000.00

Craig L. and Victoria L. Moffatt, Linda M. and Carl J. Bendorf, 619 Brookside Drive, Longmont, 6/5/2021, $ 602,000.00

Creative Estates LLC, Jeffrey Butenschoen, 1430 Burlington Drive, Longmont, 5/10/2021, $ 386,000.00

David G. and Cynthia K. Robinson, Anya C. Copeland, 819 Snowberry St., Longmont, 11/5/2021, $ 487,000.00

David and Kimberly L. Desch, Scott Everett Pritchard, 3715 Fowler Lane, Longmont, 5/10/2021, $ 1,700,000.00

Revocable trust by Deanna Hanes Stolberg, John C. Lachance, 671 Robert St., Longmont, 5/10/2021, USD 555,000.00

Doree A. Newbery, Jordan Samuel, and Deborah Pava Singer, 1319 S. Collyer St., Unit B, Longmont, 5/13/2021, $ 410,000.00

Dorothy A. Johnson, Christopher Ryan Mitchell, 404 E. Fifth Ave., Longmont, 5/5/2021, $ 365,000.00

Doug Alan Friedrich, Bernadette P. McCann, 4501 Nelson Road, Unit 2101, Longmont, 6/5/2021, $ 365,800.00

Ernesto and Beatriz Esquivel, Lucas J. and Bridget A. Shaughnessy, 2401 Maplewood Circle E., Longmont, 5/5/2021, US $ 610,000.00

Frf Properties 2101 LLC, Jonna Kate Torres, 901 Snowberry St., Longmont, May 12, 2021, $ 460,000.00

Gerald Joe Jr. Chambers, Elise Edson, 5406 Gunbarrel Circle, Longmont, May 5, 2021, $ 725,000.00

Gracie Mae LLC, Alejandro Lopez Sanchez, Lamplighter Drive 1649, Longmont, May 12, 2021, $ 380,000.00

Hans Josef Krolla, Karl Linn Ford, Bluefield Ave. 1601, Longmont, May 10, 2021, $ 585,000.00

Henry Wylie Hobbs, Ryan Alan Turnbow, 1148 Purdue Drive, Longmont, 5/5/2021, $ 711,000.00

James A. and Linda P. Cooke, William and Terri Stonehocker, 4326 Oxford Road, Longmont, 5/10/2021, $ 1,385,000.00

James Kimberly McGee Living Trust, Arthur L. and Elizabeth Annecharico, 8375 Summerlin Drive, Longmont, 5/10/2021, $ 1,875,000.00

James Taylor, Adam Thomas Lawrence, 1221 Gay St., Longmont, 5/10/2021, $ 425,000.00

Jana L. Fanning, William T. III, and Jennifer L. Fanning, 1101 Twin Peaks Circle, Longmont, 6/5/2021, $ 515,000.00

Janice B. Bengtson, Bruce Evans Hallock, 2426 Santa Fe Drive, Unit D, Longmont, 5/12/2021, $ 485,000.00

Jeffrey A. and Eileen T. Bechtold, Jessica Jett, 826 Atwood St., Longmont, May 12, 2021, $ 421,000.00

Joan S. Caddell, 2015 Trc Trust, 640 Gooseberry Drive, Unit 1105, Longmont, 5/13/2021, $ 400,000.00

John O. and Shellie R. Honemann, Todd A. and Catherine C. Gibson, Goranson Court 503, Lyon, May 13, 2021, $ 850,000.00

Jonna Kate Torres, Sachiko Yamashita, 735 Robert St., Longmont, May 11, 2021, $ 640,000.00

Joshua Keith and Valerie Leigh Holland Rivet, Matthew Popkin, 852 Missouri Ave., Longmont, 5/11/2021, $ 525,500.00

Judith L. Labuda, James E. Hill, 7154 Christopher Court, Longmont, 5/10/2021, $ 862,500.00

Jwp LLC, CB 2204 18th LLC, 2204 18th Ave., Longmont, 6/5/2021, $ 1,990,000.00

Karla D. and Paul M. Altfeltis, James and Norma Wilbur, 2316 Emery St., Longmont, May 10, 2021, $ 613,500.00

Kathleen EC and Bernard J. Jr. Stone, Laurie Jennings, 2011 Centenary Court, Unit 2, Longmont, 5/13/2021, $ 875,000.00

Kathleen L. and Gene A. Smerchek, Deborah Schoenwald, 18651 Peak-to-Peak-Highway, Mountain, May 5, 2021, $ 452,000.00

Kb Home Colo Inc., Timothy M. Moore, 1237 Shale Way, Erie, 5/10/2021, $ 519,900.00

Kb Home Colo Inc., Tori Phillips, 1285 Copper Drive, Erie, 5/10/2021, $ 487,600.00

Kb Home Colo. Inc, Daniel F. and Sonia Dobinsky, 1293 Copper Drive, Erie, 6/5/2021, $ 544,300.00

Kb Home Colo. Inc., Csi 1031 LLC, 1229 Shale Way, Erie, 6/5/2021, $ 521,300.00

Kenneth and Connie Crawford, Ryan and Brittany McCarty, 7474 Mount Sherman Road, Longmont, 5/11/2021, $ 880,000.00

Kimberly A. Hassett, John A., and Jennifer R. Koskiewicz, 2180 Meadow Sweet Lane, Erie, 5/5/2021, $ 740,000.00

LA Corsentino Properties LP, 916 Seventeenth LLC, 916 17th Ave., Longmont, 6/5/2021, $ 1,050,000.00

Lee Roy L. Bechard, Hunter Ross Warkenthien, 3528 Foxtail Place, Longmont, 5/12/2021, $ 552,000.00

Marie T. McCreery, Ann Willman, 1507 Lasalle Way, Longmont, 5/5/2021, $ 590,000.00

Markel Homes Constr. Co, David L. Goldman, 5691 Cottontail Drive, Longmont, 5/10/2021, $ 824,500.00

Mark R. Crawford, Martha Taylor, and Daniel K. Dever, 3762 Florentine Circle, Longmont, 6/5/2021, $ 491,000.00

Mary Lou Schlapia Living Trust, Crown Hughes Ltd., Mult Prop, 5/10/2021, $ 478,100.00

Matthew E. and James S. and Amy S. Barrie, James E. Joque, 805 Summer Hawk Drive, Unit M78, Longmont, 5/10/2021, $ 356,000.00

Meritage Homes Colo. Inc., Scott James Killion and Rebecca Ann Carnahan, 1028 Zuckerrübenkreis, Longmont, May 13, 2021, USD 576,700.00

Meritage Homes Colo. Inc., Carlos Manuel and Alicia Lynn Sepulveda, 373 Western Sky Circle, Longmont, May 10, 2021, $ 599,700.00

Michael D. and Lana M. McLeod, Roberto Chavarria Simpson, 2517 Lanyon Drive, Longmont, 11/5/2021, $ 590,000.00

Michelle A. Jones, Wonchoul Yang, 508 Ashford Drive, Longmont, 5/10/2021, $ 675,000.00

Mjd Invest LLC, Brice Enterprises LLC, 26 Birch Court, Longmont, 6/5/2021, USD 1,050,000.00

Paul and Stephanie Fournier, Martha R. Risk, 1821 Meadow St., Longmont, 5/13/2021, $ 461,000.00

Pavel Family Living Trust, Brady and Dawn Town, 805 Summer Hawk Drive, Unit J59, Longmont, 5/11/2021, $ 365,000.00

Peter D. and Kristi L. Bakich, Carl Samuel and Adrienne, and Stephen A. and Kelsey Christine Solomon, 744 Brookside Drive, Longmont, May 10, 2021, USD 600,000.00

Renae E. Chavira, Amber Usry, 804 Zweck Court, Longmont, 5/10/2021, $ 535,000.00

Richfield Homes LLC, Casey Gulkin, 2091 Medford St., Longmont, 5/12/2021, $ 651,500.00

Richmond Am Homes Col. Inc., Joshua and Amy Rodriguez, 1026 Woodgate Court, Longmont, 6/5/2021, $ 584,100.00

Robert W. and Jacqueline M. Kearby, David and Carlota Heins, 1662 Woodward St., Erie, 5/11/2021, $ 643,000.00

Ryan L. and Angela L. Flynn, Kyle McAllister, 6581 Saint Vrain Road, Longmont, 5/13/2021, $ 835,000.00

Ryan Stuart Thompson, Andrew, and Christina Wagoner, 1507 S. Coffman St., Longmont, 5/11/2021, $ 485,000.00

Sara A. and Trent Travis Gall, John H. and Joan L. Bludorn, Amethyst Drive 2070, Longmont, May 5, 2021, $ 1,225,000.00

Scott P. Arends, Steve P., and Kathleen S. Nalley, Moonlight Drive 1523, Longmont, 5/10/2021, $ 495,000.00

Sean E. and Mark E. and Janae Weston, Marilla and Patrick Havens, 1541 Cushman Court, Longmont, 5/12/2021, $ 447,000.00

Sonam Sherpa, Peter James, and Monika Germain Driscoll, 2137 Frontier St., Longmont, May 11, 2021, USD 520,000.00

Suzanne J. Spiro, Tiffany Kalin, Brennan Circle 557, Erie, 5/10/2021, $ 550,000.00

Therese and Dennis Otoole, Gold Nugget LLC, 7142 Gold Nugget Drive, Longmont, May 12, 2021, $ 1,273,000.00

Thomas J. and Melissa M. Glorioso, Jochen and Yoko Schmitt, 2118 Astoria Lane, Longmont, May 13, 2021, USD 508,700.00

Tim Wanner, Aubry Hoffman, 7460 Mount Meeker Road, Longmont, 5/10/2021, $ 865,000.00

Toll Co. LP, Mitu Lnu, 2490 Claystone Circle, Erie, 5/10/2021, $ 915,100.00

Travis and Angela Renee Norris, Robin Alan Braun, 7399 N. 95th St., Longmont, 6/5/2021, $ 1,077,000.00

Victoria L. and Craig L. Moffatt, Elaine Logan, 2108 Springs Place, Longmont, 5/11/2021, $ 680,000.00

William Lyon Homes Inc., Brian Michael and Chelsea Dame Rosipajla, 1130 Marfell St., Erie, 6/5/2021, $ 678,000.00

Zillow Homes Property Trust, Dianne D. Littlehales, 1419 Red Mountain Drive, Unit 82, Longmont, 6/5/2021, $ 365,000.00

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published.

Real Estate News

Get In On the Real Estate Market Now

Avatar photo



If you are a high net worth individual or are a high-income earner, you should consider real estate for these four reasons: tax benefits, passive income, long-term asset appreciation, and leverage. Real estate is currently on the forefront of everybody’s radar since the last the crash in 2008-2010. But has anyone ever explained why it is such a wealth building and income protecting investment vehicle?

No? Well, as an investor and an attorney I routinely advise clients on real estate issues and help them with their investments. In this article I will explain to you why real estate should be part of your investment portfolio and why you should get in now while the market is cooling.


Real estate is one of the few asset classes with multiple tax benefits that are under appreciated by financial advisors. Why? It could be that financial advisors don’t make a commission on them or that you actually do not need a financial advisor to get into real estate. Not to diminish the role of your advisor but you do not need a financial advisor to understand these tax benefits of real estate.

  1. Real estate is valuable. Yes, you can depreciate residential real estate over 27.5 years and commercial real estate over 39 years. 26 USC Section 179 allows for the depreciation of real estate over the life of the asset class, and in the case of real estate, you can take a $500,000 residential property and depreciate it over 27.5 years. This means that you can deduct $18,181.81 each year in depreciation.
  2. Real Estate Capital Gains Can Be Deferred. Under Section 1031 of the Tax Code, if you hold a property for the requisite holding period, which is not defined in the Tax Code, you can sell that property via a like-kind-exchange using an intermediary to hold the funds while you identify a new property or properties within 45 days and close on those identified targets within 180 days. This allows you to defer capital gains taxation and forebear depreciation recapture while buying larger and, hopefully, better cash flowing real estate assets. Thus, this tax mechanism allows the investor to take their profits and leverage those into more assets thereby growing the real estate portfolio in a tax efficient manner.
  3. cost segregation. Depreciation of the real property can be accelerated by using cost segregation studies to break the assets into its various parts that fall under separate classes to allow the individual components to be depreciated over 5.7, or 15 years. This allows the property’s components to be utilized in a tax efficient manner instead of using the 27.5 or 39 year class life of the entire asset. A net result of a cost segregation study is to accelerate the depreciation to allow for more Section 179 depreciation to be taken earlier in the asset’s life.

    While more tax nuances can be discussed, these are the tax benefits that high net worth individuals should look into. Additionally, by working with a sophisticated lawyer who understands the needs of the individual and their goals, tax losses can be carried forward to future years.


Whether using long term residential real estate, commercial storage units, short term residential real estate or apartment syndication deals, real estate allows the owner and investor to take a passive role in the management of their real estate by utilizing property managers.

The use of property managers provides the investor with the peace of mind that their investment is in good hands for day-to-day matters such as maintenance, and that their tenants are safe in the knowledge that they have someone to turn to in the event a need arises. Moreover, for the cost of the monthly management fee, ranging from 3-40% of the monthly gross rents, higher percentages are usually found with short term rental management and lower fees with long term residential property management, there is no need to worry about Late night phone calls about a clogged toilet.

Property managers will also ensure the yard is maintained, the utilities are being paid, the tenants are of the caliber desired, and any marketing efforts to rent the properties are being undertaken to ensure maximum rental potential. At the end of each month, a revenue statement is generated by the property manager, and a check or direct deposit is provided into the bank account the investor designates. A true passive investment.


While your tenant is paying the rent each month or in the case of short-term rentals, multiple tenants, the note held by the investor is being paid down. Historically, real estate appreciates in value so the asset is increasing in value. As the asset increases in value and the debt is being paid down, the investor is receiving the benefit of equity growth. It is with that equity growth that the value of real estate cannot be overstated.

By tapping into the equity growth through a refinance or an equity line of credit, the investor can leverage that internal equity to purchase additional real estate. The additional real estate purchases allow the investor to generate more cash flow, and more tax benefits. Regardless of the asset type, short term, long term or commercial real estate, the benefits to the investor are tangible in the form of tax deductions while maintaining monthly cash positive receipts.

While many investors are looking at the current real estate market, it would be well worth their long-term goals to consider real estate as a supplement to their financial portfolio. As iconic long-term investor Warren Buffet said, “Be fearful when others are greedy, and greedy when others are fearful.”

Written by Brian T. Boyd, Esq.
Have you read?
Best Business Schools In The World For 2022.
Best Fashion Schools In The World For 2022.
Best Hospitality And Hotel Management Schools In The World For 2022.
Best Medical Schools In The World For 2022.
The World’s Best Universities For Doctors of Business Administration (DBA), 2022.

Track Latest News Live on CEOWORLD magazine and get news updates from the United States and around the world. The views expressed are those of the author and are not necessarily those of the CEOWORLD magazine.

Follow CEOWORLD magazine headlines on: Google News, LinkedIn, Twitter, and Facebook.
Thank you for supporting our journalism. Subscribe here.
For media queries, please contact:

Continue Reading

Real Estate News

Opinion: Here’s the latest data on what Realtors are witnessing in the housing market

Avatar photo



The real estate market has shifted, and we are in a new housing paradigm. Mortgage interest rates have risen quickly in the past few months further eroding affordability. However, there are a number of attention-grabbing headlines, which unfortunately only compare today’s housing market to the very recent history of the last two years. It is always good to know where we are with the real estate market, but it is essential to keep all data in historical perspective.

The monthly Realtors Confidence Index helps to dispel many of the myths and cut through the noise of what is currently happening in the market. the National Association of Realtors Research Group has produced the index since 2008, at a time of turmoil in the real estate market. It is a monthly pulse on what is happening in the market from the perspective of Realtors who are active in the field. Questions have evolved and shifted overtime, but it is a steady resource of what is happening on the ground.

As reported in the latest NAR Existing-Home Sales, inventory still remains in tight supply, which means homes are still moving at a fast past despite the recent rise in rates and home prices. The median days on market is just 16 days — a slight increase from the record low seen in the last two months of 14 days. In comparison, in 2011, homes took 96 days to sell.

Notably, the market has contracted as fewer buyers can afford to purchase in today’s market with the rise in interest rates and the continual rise in home prices. However, in many areas of the country it does remain a seller’s market. For every home that was listed, there were 2.5 offers. This is down from the frenzied market from April of this year when every home that was listed had 5.5 offers. Historically 2.5 offers represents a competitive housing market, edging towards a balanced market.

One way to understand the competitiveness of the market is to look at buyers who are waiving contingencies. While this data series is shorter, it does reflect a slight ease that mirrors the number of offers for every home. There had been nearly one-third of buyers who waived an inspection or appraisal contingency, but the last month it fell to just over 20% for both.

Another measure of the housing market is whether a realtor had a client who had a distressed sale in the last month. Due to the consistent rise in home prices, homeowners typically do have equity in their home distressed sales are not common today. In 2008, 49% of Realtors had a client with a distressed sale, today it is only 1%. Another reason why distressed sales are likely low is that lending standards remain tight. It is difficult to obtain a mortgage today. A housing borrower must have a higher credit score, significant savings, and higher incomes to qualify for a mortgage and compete in today’s housing market.

Last month, we saw a shift in who is purchasing homes. There is a reduction in the share of all-cash buyers who may be waiving the home appraisal, and a reduction in vacation and investment purchases. All cash buyers now stand at 24%. The last high among all-cash buyers was seen at 35% in 2014.

The share of non-primary residence buyers is now at 16% from a high of 22% in January 2022. In January of 2022, there may have been buyers who were looking to purchase vacation homes as travel remained suppressed at that time. Investors may have been drawn to the market as they saw rents increase for tenants. Others may have viewed the property for both purposes: a vacation home that could be rented as a short-term vacation rental when not in personal use.

Unfortunately, the share of first-time buyers remains suppressed at just 29% last month. While it is not the high seen during the First-time Home Buyer Tax Credit in 2010, it is also not the historical norm of 40% seen in the annual Profile of Home Buyers and Sellers report. Notably, during the timeframe of the First-time Home Buyer Tax Credit, there was significantly more inventory than seen today.

To read more on the monthly Realtors Confidence Index, check out the full report the same day Existing-Home Sales is released.

Want to learn more about what to expect when it comes to the future of the housing market? This article offers a preview of our upcoming HousingWire Annual Housing Market Super Session that will feature an all-star panel of housing experts. Join us in Scottsdale, Arizona Oct. 3-5 to attend this super session that is designed to help attendees understand macroeconomic data and housing trends for the next year and beyond. To register for HW Annual, go here.

This column does not necessarily reflect the opinion of HousingWire’s editorial department and its owners.

To contact the author responsible for this story:
Jessica Lautz at [email protected]

To contact the editor responsible for this story:
Brena Nath at [email protected]

Continue Reading

Real Estate News

Real estate: 5 ways to invest

Avatar photo



For most people, the term real estate has a limited number of meanings. They tend to hear the words and think of either a private home or a piece of commercial property. But there’s much more to the concept than those two classic examples.

The computer age has given rise to an entirely new paradigm of real estate that includes an intangible asset known as digital properties. Other popular ways to invest in the broad real estate segment include income-producing rental homes, REITs (real estate investment trusts), fixer-uppers, and office condos.

The modern face of the market is both exciting and potentially lucrative for investors who prefer to park their capital in assets other than old-fashioned stocks and bonds. Here are the relevant details about the top five ways people will invest in real estate in the 2020s.

Like what you’re reading? Subscribe to our newsletters here and have the Racine County Eye media team’s stellar reporting sent straight to your inbox.


Virtual property within the metaverse, the internet-based VR (virtual reality) world, is one of the newest assets. Those who scoff at digital real estate should regularly consider that many millions of dollars trade hands between sellers and buyers. In the real world, one principal Miami-based real estate broker offers all customers digital replicas of any tangible asset they purchase. For prospective investors, the profits are uncertain but potentially huge.

Consider that just a few years ago, digital properties sold for tiny sums but now go for several thousand dollars each. Several reputable real estate brokers and companies are exploring the digital real estate segment, and the concept is gaining wide social acceptance among serious investors. Anyone who owns real estate should look closer at adding one or more digital assets to their portfolios.

Vacation rental homes

Rental homes offer two benefits for the price of one. First, owners can purchase one in a distant city of their choosing, not to mention earn regular income. When they want to go on vacation, they can take the home off the rental market and stay in it for as long as they wish without paying for pricey hotels or someone else’s rental property. Other owners use holiday city rental houses as steady, long-term income streams to earn top dollar for peak seasons but then move into the homes after retiring.

REITs (Real Estate Investment Trusts)

Affordable shares of real estate assets are what REITs are all about. Not long ago, anyone who wanted to earn income from property ownership had to invest significant capital, deal with complicated legal documents, and take on outsized risks. With REITs, anyone can purchase tiny amounts of carefully vetted properties and avoid all the headaches of actual ownership, like landlord duties and hefty initial investments.

Fixer uppers

For at least 30 years, there’s been an active flipping market in the sector. It’s comprised of buyers who seek fixer-upper houses, renovate them, and quickly place them back on the open market for sale. Flippers operate on the principle of combining sweat equity with short-term speculation to earn a potentially positive return on every worthy fixer-upper they acquire. Initial expenses include the property itself, along with renovation work. Pursuing a side job as a house flipper can offer a steady, significant income for those with the money, time, and energy.

Office condos

Investing in office condos is a relatively easy way to get into the market as a financial backer. Some condos, most of which are located in strip malls and small commercial buildings, cost less than residential homes and require much less renovation. People who like working on the fringe of commercial real estate can begin by acquiring a single office condo, fixing it up, furnishing it, and then selling it to a willing buyer.

real estate

The Racine County Eye, which includes the Kenosha Lens, has your local real estate coverage to serve our diverse communities. Subscribe today to stay up-to-date with local news.

Follow us on Facebook: Racine County Eye or Kenosha Lens, and Twitter to make sure you get the latest news.

Continue Reading