24th Jan, 2009

Pitts’ Pick Denver Investment Property

I love being a writer.  What I can’t stand is the paperwork.

                                                    - Peter de Vries

So what’s a REALTOR who likes to write and who also can’t stand the paperwork supposed to do?  Fortunately, the three-hundred-eighty-four-thousand Colorado State documents that are required for each real estate transaction are in electronic format for most of us, replacing writer’s cramp with carpal tunnel syndrome. Could it be possible to agrue the failure to execute some of the less meaningful documents by producing a good doctor’s excuse?

Now, I understand the whys of how the Colorado Contract to Buy And Sell Real Estate has grown from just a couple of pages to seventeen in just a few short years.  The forms committee of the Colorado Real Estate Commission logs all of the complaints, suggestions and lawsuits for the previous year and the group of REALTORS and legislators construct verbage addressing the most common issues. Abracadabra! Behold! For the benefit of Insomniacs Anonymous and attorneys, alike, a new contract is born! God save the Public!

It would be nice if all of our forms, just like the Rules of Life, could be reduced to one golden statement like ” Thou shalt not be an idiot.”   It would sure cut down on a lot of paperwork, provided that everyone actually listened to that little voice inside that tells us when we are about to cross over the idiot line.  Regretably, I suppose that that may be asking a lot. I would have loved to be a fly on the wall listening to the conversation between Bernie Madoff and his conscience! 

Time for philosophy to take a back seat.  We’ve got Denver Investment Properties to talk about.  And what a property today’s pick is!  How does $65 per square foot sound?  Like it needs some work? Perhaps.  But considering that this 2 bedroom, 1 bath ranch may likely sell for twice its $59,900 price tag, the ROI is certainly there.  Even if the property required $20k in fix-up, a 30% return within a few short months is extremely possible.  By the way, how’s your securities-based IRA doing?

  As always, comments to this blog are welcome.  Give us a shout at MyH-O-M-E.com and we’ll respond.

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