Contributor

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Duane Duggan is an award-winner Realtor and author of the book, “Realtor for Life.” 

It’s the new year! Time for a fresh start – for reconsidering your finances and growing your investments. Real estate can be great way to build wealth. Most people start investing in real estate by buying a personal residence. Yet the majority of Americans will stop there in terms of building their real estate portfolio. This is because when people are motivated to buy their first investment property, they are often told they will need a 20- or 25-percent down payment. Finding it tough to save for that large sum, most go no further. However, if you are willing to move from house to house frequently, there is a way to build your portfolio with smaller down

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Duane Duggan is an award-winner Realtor and author of the book, “Realtor for Life.”

What is a lease option? Otherwise known as a “lease option to buy,” it is an agreement between a buyer and a property owner in which a buyer pays the owner money to purchase the property at a later date. This real estate tool can be a win/win for all parties involved, especially if both the buyer and seller would like to wait to make a transaction.

However, there are many details that need to be worked out to come to a satisfactory agreement. In Colorado, there is no Real Estate Commission-approved lease option form. Therefore, licensees would be practicing law to create such an agreement for clients. With that in mind, it is always a good idea to involve a real

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Boulder is the No. 1 metro area for women in business with 4.42 businesses per 100 residents owned by a woman -– more than any other city in the U.S., according to an analysis by NerdWallet and a new report from public relations and digital communications firm Version 2.0 Communications.

Photo courtesy of Rawpixel on Unsplash.com
Photo courtesy of Rawpixel on Unsplash.com

In fact, women-led businesses are cropping up across Colorado cities. Denver and Fort Collins also rank among the top 10 metros for women, ranking as Nos. 3 and 7 respectively. All have above-average levels of women’s entrepreneurship and small-business loan rates, the report says.

Colorado exceeds the nation for women that are self-employed with about 9.9 percent compared to 7.2 percent in the U.S. as a whole.

The

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With the tight rental market in Boulder, instead of fully relaxing during the upcoming family weekend at CU-Boulder, many parents face signing a high-rent lease for their child's off-campus housing next year.

But it doesn’t have to be this way.

Parents can get smart about their child’s college housing and offset the cost of college with a ‘Kiddie Condo Loan,’ says Duane Duggan on the RE/MAX of Boulder podcast with his guest Jessica Shanahan, loan officer from Premier Lending.

What’s a ‘Kiddie Condo Loan’?

Basically, instead of paying rent, you help your child buy a home.

“It doesn’t have to be a condo, it can be any kind of primary residence,” says Shanahan.

“If your child is coming to CU-Boulder and you want to invest in this

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The following article is a summary from the book, “Realtor for Life,” written by Duane Duggan.

When interest rates drop, you might wonder whether or not it makes any sense to refinance.  Unfortunately, there are many different “rules of thumb” being directed to the public to answer the question, “When is the right time to refinance?”

One of these “rules of thumb” says that if your current mortgage loan is less than two years old, you should not refinance. Generally, this thought comes from the fact that you have just paid closing costs and when you refinance, there will be another set of closing costs. 

Another common “rule” used to determine the feasibility of refinancing is that there should be at least a 2% spread between the old interest

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Thirteen Colorado cities – including two in Boulder County – ranked among the Best Housing Markets in the U.S., according to WalletHub’s report released in August, 2017.

The report compares 300 small, mid-size and large U.S. cities across 21 key indicators of “Real Estate Market” – which ranked housing-market attractiveness and “Affordability and Economic Environment.”

Each dimension was evaluated with weighted metrics, listed below, and then graded on a 100-point scale, with a score of 100 representing the healthiest. The cities were then rank-ordered.

Most of the metrics fall in the real estate market category.

Real estate market metrics are: home value forecast, median home-price appreciation, average days for selling, share of homes

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The Boulder-Denver Metro area may see a continuing uptick in high tech workers, if Silicon Valley’s tech workers fulfill on their longing.

 

More than two-thirds of Silicon Valley workers see themselves pursuing their tech careers outside of the industry’s epicenter, according to a survey conducted recently by Indeed Prime. Survey results show that Denver ranks as the No. 2 place that many see as a good place to move.

Not that the Bay Area is being surpassed as the nation’s most vibrant tech center. But some tech workers are beginning to feel little or no need to live in the Bay Area, the survey shows.

The shift is strikingly age related, with almost half of millennial tech workers still firmly rooted in the view that it’s important or very

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As summer activities reach their July peak, home buying in Boulder County wanes, succumbing to the allure of family vacation, uninterrupted play time, and preparing for the start of school.  


Photo courtesy of Robson Hatsuka Morgan on Unsplash

Sales of single family homes in the Boulder-area markets dropped 13.5 percent in July 2017 compared to June with 448 homes sold vs. 518. Condominiums and townhomes July 2017 sales also slowed, decreasing 7.1 percent – 130 units sold vs. 140. 

“It’s pretty typical to see a slowdown in sales at the beginning of the third quarter, so this reflects the trend of past years. In July, people focus less on home buying and more on summer vacations,” says Ken Hotard, vice president of public affairs for the Boulder

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The following article is a summary of content from the book, “Realtor for Life,” written by RE/MAX of Boulder Realtor and Author Duane Duggan.

Buying a rental property when a baby is born is a great way to save for college. If you buy a rental property with a 15-year mortgage when your child is born, it will be paid off and you’ll have three extra years to decide how to use this investment by the time your child is 18 and ready to go to college.

The property could be sold, the taxes paid, and gains from the sale used as cash for college. Or, you could refinance it to pull cash out -- tax-free -- and use the cash for college. You could even keep the property free and clear to rent out, and just use the monthly cash flow to pay for college

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Contribution from Ken Hotard-VP Public Affairs Boulder Area Realtor® Association.

Despite a few snow storms, spring is in full swing in Boulder County, which usually brings robust buying activity in residential real estate. But home sales slowed in April with a mixed bag of a drop in multi-family home sales and a modest improvement in single-family home sales.

And for those who follow the Boulder-area markets, the factor driving this market will come as no surprise. That factor is the inventory level, according to Ken Hotard, vice president of public affairs for the Boulder Area Realtor® Association.

"Inventory continues to be the word of the day," he says. "If you look at the data, last month we saw some inventory gains in multi-family and

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