Steamboat voters reject a 24 million dollar donation for a new affordable housing project that was slated to be the largest in the state.  Why did Steamboat walk away from the project?  Why is this rejection important for other mountain communities and what does this say about real estate projects in the future?  What… The post Big election loss in Steamboat: huge changes in ski town real estate   appeared first on Colorado Hard Money Lender ..read more

Once again, as the legislature returns, the first order of business is housing and a recent bill “just cause for eviction” just passed that will rock the real estate industry. The recent proposal seems innocuous: “just cause for eviction” and yet hidden in the depths of the bill are items that will radically alter property… The post New housing bill passes that drastically alters property owners’ rights & STRs appeared first on Colorado Hard Money Lender ..read more

There is yet another proposal in the statehouse on affordable housing.  This new bill would allow governments the first right of refusal on basically any multifamily property and require notice to the government of any intent to sell prior to listing with huge fines for enforcement. This proposal was defeated last year, but once again… The post New affordable housing rule, CO has first right of refusal on your property appeared first on Colorado Hard Money Lender ..read more

Just like in California, Colorado recently passed a bill to create a statewide insurance plan to write insurance policies in high risk areas.  Why are most major insurers now leaving California?  What does this mean for the future of property insurance in Colorado?  Why are insurance rates in Colorado skyrocketing?  What is the new “tax”… The post Colorado insurance premiums up 30%, State farm leaves California, 12% drop in values, is CO next? appeared first on Colorado Hard Money Lender ..read more

The recent settlement by the national association of realtors will have an outsize impact on Colorado ski towns.  Will prospective buyers pony up 70k to pay their buyers agent based on the median home price in Summit County?  What does the recent settlement mean for Colorado ski realtors?  Why will the impact be felt more… The post Will Colorado ski town buyers pay realtors 70k upfront?       appeared first on Colorado Hard Money Lender ..read more

The Colorado legislature is out of control with their housing bills. The newest bill: “Real Property owner unit association collections” will drastically increase HOA fees for every property owner and likely could bankrupt many homeowner associations.  What is in this new bill and why is it so groundbreaking?   What is in “Real Property owner… The post New bill in Colorado legislature drastically increases HOA fees appeared first on Colorado Hard Money Lender ..read more

  Every time I open the news, I’m amazed at what is happening in the Colorado legislature.  As a rental property owner, I cringe as it is becoming next to impossible to cost effectively operate a rental property.  The new bill is titled “safe housing”. Who doesn’t want safe housing for tenants?  Unfortunately the bill… The post Colorado tenant rights radically altered, landlords beware appeared first on Colorado Hard Money Lender ..read more

The original Colorado short term rental bill is still moving through the legislature but now there is a competing bill to also classify short term rentals as commercial properties but with a big twist from the first bill.  The new bill proposes to try to tax “corporate” owners that have more than one nightly rental… The post New Colorado short term rental bill to define “commercial” use differently appeared first on Colorado Hard Money Lender ..read more

Once again, as the legislature returns, the first order of business is housing.  Unfortunately, there is now a pervasive agreement that only the legislature can fix the housing crisis we are experiencing in Colorado and the number one tool is more legislation. The recent proposal seems innocuous: “just cause for eviction” and yet hidden in… The post New Colorado housing bill drastically alters property owners’ rights & STRs appeared first on Colorado Hard Money Lender ..read more

New vacant building tax immediately implemented Lakewood, CO just implemented the first vacant building tax I have seen in Colorado.  It seems a bit counterintuitive to put more taxes on a property owner that is already struggling with vacancy.  Why did Lakewood implement this new tax?  What is in the new tax and who will… The post Own a vacant building in Lakewood, the city will send you a bill appeared first on Colorado Hard Money Lender ..read more