Making some moves in 2020!

Location: Denver, CO, USA

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The Virus, The Economy, The Market and Me

What a tumultuous and unprecedented time we find ourselves in. Like most of you, I'm becoming consumed with searching the news and the Internet trying to learn all I can about this Corona Virus or COVID19.  Two days ago I was apt to blame the media for a lot of hype and generating hysteria - but now whole countries have closed their borders, the NBA has suspended its season, and most of the universities in Colorado have sent their students home.  You have my attention COVID 19, and here's what I know to be true: THE VIRUS While we're learning more each day, what we know for sure about this virus is that it is highly contagious and can be life threatening to the elderly and those with compromised immune systems or underlying medical conditions.  The worldwide figures currently suggest a mortality rate of 3 - 6%, which is significantly higher than that of  the flu.  However, it is likely that many thousands of people have the virus who have not been tested or diagnosed. 
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Investing in Real Estate Part 3 - Financing your Investment

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In the first two segments of this investment series I discussed the importance of clearly defining your real estate goals and some of the costs associated with owning rental property. Now, let’s take a quick look at how to finance your investment. The investment option that requires the least amount down, and that can also yield the best results over time, is the buy and hold scenario. For this type of investment, you’ll need to put down about 20 - 25% of the purchase price as a down payment; you will also need enough in reserves to do any necessary repairs and improvements to the home and make those first couple month’s mortgage payments. Where does this money come from?   Well, ideally, you save it.   If investing in real estate is a dream of yours and you don’t currently have that kind of money – it’s not too late to start saving now!   There are some great budgeting apps that can really help you get your finances in line and work toward your goals.   I like “You Ne
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