Freedom. It’s the ability to do whatever you want, whenever you want. It’s the ultimate reward of selling your business. But selling a company can be confusing, and one wrong step can easily cost you dearly. Many owners will close their doors, ultimately earning little for their life’s work—while a select few will become fabulously wealthy.
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Calibrate Real Estate is proud to announce the sale of a 17-unit apartment building in the Hale/Mayfair neighborhood of Denver. Kyle Malnati conducted 23 showings with investors and brokers in December. We received four offers and went Under Contract with a 1031 Exchange Buyer after 1 week of marketing.
Kyle originally represented the Seller when they purchased this 8,949 SQFT property in 2015 and they saw a gain of 26% in just over 5 years with this sale!
Paying too much in capital gains tax is a major fear for investors. The old school solution, 1031 exchanges, leaves many people overpaying and over-stressed. With restrictive rules and timing, 1031 exchanges offer little possibility to diversify and no liquidity. We saw this firsthand when COVID-19 first hit and waves of Buyers were trapped in exchanges in a utterly changed markets – forced to buy (and likely overpay) something they didn’t even want. Brett Swarts has a better solution.
How did the housing market perform this month? REcolorado market statistics for January show it’s a Seller’s market. With a decrease in new listings, the average sold price for single family homes rose by over 16%! Throughout the month 3,164 homes closed, a decrease of 6% year-over-year. Sellers brought 4,285 New Listings of homes for sale to the market, 12% less than last January. Strong demand kept home prices high.
Calibrate Real Estate is excited to announce a new office space lease: Parkgate Office Center. This property is located at 6786 S. Revere Pkwy., #120. Call 720.229.8670 to schedule your private tour of the property with Holly Vogel. For detailed financial information and property specifics, please download our listing brochure below:
The start of a new year and a new administration in the White House means changes to the tax code. No matter the level of investor, it’s smart to stay up-to-date on how tax law changes can impact your bottom line.
Tracey Wilson of IPX1031joins us on the Podcast this week to discuss 6 major changes to the Tax Code
Calibrate Real Estate is proud to announce the sale of a 2 Bedroom/1 Bathroom home in the Barnum neighborhood of Denver at 3818 W. 30th Ave. Sam Bretz represented the Buyers in the purchase of their first home. Like many people who worked from home this past year, they decided it was time for a much-needed upgrade.
Calibrate Real Estate is excited to announce a new multi-family listing. This property is located at 120 Jay St.. Call 303.594.3252 to schedule your private tour of the property with Sam Bretz. For detailed information and property specifics, please download our listing brochure below:
This week on the podcast we are tackling Real Estate Agents’ biggest issue: their money. Our guest, Damon Yudichak, author of the upcoming book Profit First for Real Estate Agents, walks us through his simple process.
Many Real Estate Agents find themselves in the same trap: as our supply of money increases, our demand for it increases, and often we look up at the end of the month and have no idea where our commission checks went.