The billboards get noticed. My kids think they're cute. In fact, you've seen them around town for years. "We Buy Ugly Houses".
That's HomeVestors, a 260 office national real estate franchise which buys distressed properties in markets around the country and resells them to investors, flippers and rehabbers.
HomeVestors just released its 2008 list of the "Top 10 Markets for Investing", with Denver checking in at #4. Here's the list:
5. Fort Worth
6. San Antonio
7. Charlotte, NC
8. St. Louis
When it's cheaper to own that to rent... when vacancy rates for single family rental properties are less than 3%... when the state's unemployment rate is more than 1% below the national average... when active inventory has fallen for five straight months (now nearly 14% below one year ago) and when "days on market" has fallen 13% in six months... why WOULDN'T you be on this list?
Now is the time for investors in Denver.