After earning a bachelor of science in business administration in 1979 from the Marshall School of Business at the University of Southern California, Kenneth D. Heller went into commercial real estate investment. In 1989, Kenneth D. Heller founded Heller/Stone Properties with his partner, Howard Stone, in Malibu, California. Since that time, they have successfully invested in properties in Malibu, Los Angeles and other parts of the country, including Colorado.
The real estate market in Denver has had a wide appeal for many years. In fact, WalletHub recently named it the 10th “best” real estate market in the country, after taking into account factors such as affordability, mortgage delinquency rates, vacancy rates, and price appreciation. Denver ranked at number three when WalletHub only compared it to cities with more than 300,000 inhabitants.
Housing prices have risen in Denver by an average of about 60 percent since the 2007 housing crisis, indicating a healthy recovery. The average Denver home is selling for $491,161 in 2017, which is 40 percent more than before the recession. Some fear that Denver may be in a housing bubble that could burst again, but demand for housing remains high in the region and foreclosure rates remain quite low. Denver offers a healthy real estate market bolstered by nearby Colorado cities also named in WalletHub’s top 50 real estate markets, including Colorado Springs, Centennial, and Fort Collins.
Based in Malibu California, Kenneth D. Heller leverages decades of experience in real estate to serve as managing partner of Heller Stone Properties. In this capacity, Kenneth D. Heller oversees all aspects of the firm’s property management services and real estate investments across several states.
Over the last five decades, real estate investment has gained popularity, allowing financiers to greatly increase their capital through the purchase and sale of properties. Recently, low interest rates have provided a unique opportunity for individual investors to enter the real estate market. The following are basic tips about how to begin investing in real estate.
One of the most basic forms of real estate investment, rental properties allow you to cultivate long-term profit by renting the property to tenants. You should choose a property in a location that features low vacancy rates to ensure monthly profits that will supplement the cost of overall property maintenance and mortgage payments.
All investments pose some risk, but you can make lower risk real estate investments by avoiding certain common pitfalls; undesirable locations, speculative land development, and private property funds promising above market returns. Before making a real estate decision, you should complete due diligence and extensive analysis to determine if the investment meets your financial objectives.
Invest in a real estate investment trust (REIT)
If you do not wish to own real estate directly, you can invest in an REIT by purchasing shares in a real estate investment firm’s property portfolio. The worth of an REIT depends upon the value and cash flow of the property and the fund related to the investment trust. In addition to gaining real estate investment experience, you can use REITs to add value to your current portfolio of stocks and bonds.