Best Practices and Advice
INVEST IN SUMMIT
Every real estate purchase is an investment. Real estate can not only make money, it can make memories. I have worked with many clients over the years to help them find the right real estate investment in Summit County to maximize their finances and their fun!
Summit County Colorado Real Estate
Is a Vacation Home Worth the Cash Flow? The RIGHT Way to Analyze!
Can You Make a Profit on a Vacation Home in the Mountains? 9 Factors to Consider Before Buying
Imagine having your own home in the mountains—a place to stay while you ski and spend time with family, plus a potential income stream if you rent it out. For many Coloradans, this is the dream. But what’s buying a property in the mountains really like? Is it worth the expense? We sat down with Summit County real estate agent Amy Nakos to find out.
Best practices and advice on how to find the perfect Summit County property
Are you interested in purchasing a property in Summit County for a financial or family investment?
Here is a podcast (it’s over an hour!) of my real estate process and analyzing mountain resort properties. This podcast was recorded with the Denver Investment Real Estate Podcast.
Cash Flow Scenarios
IS A SUMMIT COUNTY SKI PROPERTY A GOOD INVESTMENT?
I get asked weekly about whether owning a property in Summit County is a “good investment?” In the video below, I will walk you through a spreadsheet detailing the actual costs and benefits of owning a mountain property.
Spoiler alert – taking into consideration appreciation and tax benefits, you can make 7-13% annually on your initial cash investment. (And you can ski and avoid I-70!)
Analysis for Holding a Property for 10 Years
I also have more in depth spreadsheets that provide an analysis of a 10 year property hold.
If you would like this spreadsheet for your own use, you can download it from Google Docs.
Schedule an Individualized Consultation
As I mention in the video, the question of short term rental income covering ownership costs is my most Frequently Asked Question. I strive to give the most accurate information possible in a landscape with multiple variables that change the scenario from property to property and owner to owner. I welcome the opportunity to speak with you individually about your needs to better hone in these numbers.
Contact The Amy Nakos Group
Summit County, Colorado 80443
+1-970-389-8388
group@amynakos.com
