Juanita Simkins Homes
Making Your Real Estate Goals A Reality
FEATURED LISTINGS
- 1/33 335 Beds 4 Baths 3,810 SqFt$775,000Price Dropped by $50K
4050 Tapadero DR, Colorado Springs, CO 80921
Listed by Prewitt Group Real Estate Advisors
Single Family Home
- 1/20 203 Beds 2 Baths 1,730 SqFt$645,000Under Contract - Showing
18 Oak AVE, Colorado Springs, CO 80906
Listed by Prewitt Group Real Estate Advisors
Single Family Home
- 1/50 503 Beds 3 Baths 2,969 SqFt$585,000Active
9708 Picket Fence WAY, Peyton, CO 80831
Listed by Prewitt Group Real Estate Advisors
Single Family Home
- 3D4 Beds 3 Baths 2,956 SqFt$530,000Price Dropped by $10K
6555 Turkey Tracks RD, Colorado Springs, CO 80922
Listed by Prewitt Group Real Estate Advisors
Single Family Home
- 3D5 Beds 4 Baths 2,584 SqFt$499,000Price Dropped by $11K
4320 S Carefree CIR, Colorado Springs, CO 80917
Listed by Prewitt Group Real Estate Advisors
Single Family Home
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OPERATING TEAM
RECENTLY SOLD
- 1/14 144 Beds 2 Baths 1,756 SqFt
$320,000 3.0%
$330,000
4724 Newton DR, Colorado Springs, CO 80916
Listed by Prewitt Group Real Estate Advisors
Single Family Home
- 1/47 475 Beds 4 Baths 3,444 SqFt
$565,000 1.4%
$572,900
- 1/29 293 Beds 2 Baths 1,020 SqFt
$359,500
$359,500
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How To Start Investing
Real estate investment is a lucrative opportunity that can help you build wealth and secure your financial future. However, getting started in the real estate market can feel overwhelming, especially if you're new to the industry. If you're wondering how to start investing in real estate, here are five simple ways to get started. 1. Rental Properties: One of the most common ways to invest in real estate is by purchasing rental properties. You can buy residential or commercial properties and rent them out to tenants. Rental properties provide a steady stream of passive income and can appreciate over time, increasing your overall wealth. 2. Real Estate Investment Trusts (REITs): A REIT is a company that owns, operates, or finances income-generating real estate. By investing in REITs, you can become a shareholder and reap the benefits of real estate investments without directly owning properties. REITs offer diversification and professional management, making them an excellent option for beginners. 3. Real Estate Crowdfunding: Real estate crowdfunding platforms allow investors to pool their money together to invest in properties. This option is ideal for those who want to start investing with a smaller amount of capital since you can contribute as little as a few hundred dollars. Crowdfunding offers access to various real estate projects and can provide attractive returns. 4. House-Flipping: House-flipping involves buying a property, renovating it, and selling it for a profit. If you have a knack for identifying undervalued properties and the skills to renovate them, house-flipping can be a profitable investment strategy. However, it requires knowledge of the local market and a good understanding of renovation costs. 5. Real Estate ETFs: Exchange-Traded Funds (ETFs) represent a basket of publicly traded companies involved in the real estate industry. By investing in real estate ETFs, you can gain exposure to a diversified portfolio of real estate-related companies. This option offers liquidity, low costs, and can be easily traded like stocks. Starting your real estate investment journey can be exciting, but it's essential to do thorough research and seek professional advice before diving in. Consider your financial goals, risk tolerance, and the local market conditions before choosing the investment strategy that suits you best. With time and patience, real estate investing can yield substantial rewards and help you achieve your financial aspirations. Reach out to me when you want to get started and we'll get a game plan started for you! Juanita Simkins, Realtor & Investor @ Prewitt Group 719-749-1601
Are Higher Mortgage Rates Here To Stay?
Are Higher Mortgage Rates Here To Stay? If you're thinking about making a move in the real estate market, there's no doubt that you've heard about the recent increase in mortgage rates. As a potential buyer, you may be wondering if these higher rates are here to stay and what effect they may have on your plans. In this blog post, we will explore the current market conditions and provide you with the information you need to make an informed decision about whether to delay your plans or not. The primary reason for rates increasing is higher inflation and a lower amount of homes on the market. Some areas are seeing more homes on the market and lower prices, and home seller's willing to pay for buyer's closing costs or an interest rate buy down, which helps buyers afford a lower monthly payment. So, should you delay your plans to buy a home or proceed as planned? Let's examine the factors to consider: 1. Affordability: Higher mortgage rates mean increased monthly payments, which can impact your budget. If you're on the edge of affordability, it may be wise to reassess your financial situation and determine if you need to adjust your housing expectations. 2. Housing Inventory: The real estate market has been experiencing a shortage of inventory, leading to intense competition among buyers. While higher rates may deter some buyers, it could also reduce the competition and give you a better chance of securing a property. 3. Future Rate Predictions: While no one can accurately predict the future, experts foresee a gradual increase in mortgage rates over the next year. If you believe rates will continue to rise, waiting may result in higher interest costs in the long run. Ultimately, the decision to delay your plans or proceed with your purchase is personal and depends on your individual circumstances. To gain a better understanding of how higher rates could impact your specific situation, it is advisable to consult with a mortgage lender. If you need professional lender recommendations, contact me. NOT ALL LENDERS have the same programs or rates (rates vary depending on your credit score and how much each lender adds to the Fed 10 yr treasury interest rate that they quote you). Remember, the real estate market is constantly evolving. Staying informed and understanding the impact of higher mortgage rates will empower you to make the right decisions as you embark on your home-buying journey.