Investors beware fraudulent opportunities
Inter Reef Ltd. seemed to offer the deal of a lifetime. The Internet-based investment company promised investors would “Get richer with every sunrise,” with a daily return on the investment of 1.5 to 2.5 percent. It promised it used Biblical values to invest money, with short-term “hard money loans” to businesses throughout the United States [...]
Colorado investors are optimistic about the markets and about the Colorado economy, according to a Morgan Stanley poll. Investors show renewed confidence in meeting financial goals but are still concerned about international conflicts and the U.S. budget deficit. The poll shows that Colorado area investors with at least $100,000 in investable assets are optimistic about [...]
Continue reading …Millennials: Young adults could become next generation of dominant investors
March 18, 2013 1 Comment
Leading-edge Millennials now have become young adults in their early 30s. They are starting their careers and families. And there are a lot of them — 76 million. As the Baby Boomers transition from wealth accumulators to wealth distributors, Millennials — those born between 1981 and 2000 — already are being described in financial circles [...]
Continue reading …A California real estate investment firm has purchased 70-unit Shannon Hills Apartments near Constitution Avenue and Union Boulevard. Western Investment Partners paid $3.415 million for the property at 2110 E La Salle St., which was built in 1966 and 1974. That’s $48,786 per unit and $60.82 per square foot, according to a release from Apartment [...]
Continue reading …Local investors are now competing against institutional money at the El Paso County Public Trustee’s foreclosure sales. Two out-of-state investors have been bidding on foreclosures at the local sales. Colony American Homes, an Arizona-based unit of Colony Capital LLC, headquartered in Santa Monica, Calif., buys homes and rents them out while they appreciate. Granite Ranch [...]
Continue reading …Denver-based BMC Investments recently bought two Colorado Springs apartment properties. BMC paid $4.2 million for 148-unit Timberlane Apartments at 3985 E. Bijou St. and $3.175 million for 95-unit Ashelyn Court at 930 N. Murray Blvd. Both complexes are about 90 percent occupied, according to a release from FirstBank, which financed the purchases. BMC plans to [...]
Continue reading …As real estate investment heats up and the El Paso County Public Trustee’s foreclosure auctions overflow with anxious bidders, ethics have become a bigger issue. Those closest to the action say there are regular stories of investors breaking into houses to check them out before the sale, trashing houses after lien holders redeem them, banks [...]
Continue reading …Colorado Springs Utilities will offer $153.3 million in series 2012C bonds to individuals and other investors Sept. 12, according to a press release. The majority of the bonds – about $110.6 million – will be used to refinance outstanding debt at lower interest rates, and the remaining $42.7 million will help finance utility system expansion [...]
Continue reading …Investors bought two of the 36properties that sold at the El Paso County Public Trustee’s foreclosure auction Wednesday, Aug. 1. The rest of the properties were returned to the lenders. The Equity Trust Company custodian FBO for Thomas H. Beeson IRA paid $70,500 for a 1,027-square-foot ranch home built in 1958 at 2561 Caramillo St. [...]
Continue reading …It’s Wednesday morning and the El Paso County Public trustee’s office is jam-packed with would-be investors looking for a deal at the weekly foreclosure auction.
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