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Mile High Capital Group Advocates the Results of 2005 NARŪ Report: Investment Property Market Surges
Second-home investment properties have surged in recent years, according to the National Association of RealtorsŪ. PR9.NET July 21, 2005 - DENVER, Second-home investment properties have surged in recent years, according to the National Association of RealtorsŪ. The newly published 2005 National Association of RealtorsŪ Profile of Second-Home Buyers reveals that 23 percent of homes purchased in 2004 were for investment purposes, increasing 14.4 percent from the previous year. Mile High Capital Group, Ltd. (MHCG), a Denver, Colorado-based real estate developer, long ago recognized this trend of investors relying more and more on real estate, and the company has built a successful business on it. "It's great to see the National Association of RealtorsŪ study supports what we at Mile High Capital Group have been saying for years," says Jeff Dietz, MHCG's President. "Real estate is a great investment not only because of the safety and security, but also due to the steady population movement from retirees as well as general population growth which stimulates the need for more housing. Investors are getting smarter and realizing the strong yields that real estate can generate." Many economists previously believed that the majority of second homes were vacation homes; the NARŪ study reveals otherwise, showing that of the 43.8 million second homes in the country, 37.2 million are investment properties and only 6.6 million are vacation homes. "Real estate is an especially great investment for baby boomers who are hoping to retire soon, as an investment property can create passive income for retirees for years to come," adds Dietz. NAR's chief economist also suggests that second-home sales will remain historically strong over the next decade due to many baby boomers currently possessing strong financial-earning power. # # #
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Founded 12 years ago as a builder and developer of single-family attached homes, MHCG develops subdivisions around the country in areas it has identified as possible high-growth areas with a rental need, and sells its products usually to non-owner-occupied purchasers. Its products are a variety of condominium complexes, single-family attached or detached homes, usually with oversized garages and a specific range of renter-attracting amenities. MHCG's management has over 100 years combined experience building and developing homes, and markets a complete program to include: project infrastructure, single-family attached homes, landscaping, and all property upgrades. About Mile High Capital FMI conducts seminars across the nation for audiences of all investing levels from novice to expert. Rick Dryer is a nationally acclaimed real estate investment expert and the keynote speaker of the RPRT seminars. Dryer speaks on the investment strategies that have made him the success he is today, covering such topics as: how to use demographics to pinpoint great return areas; avoiding vacancies by giving renters the rental they prefer; anticipating growth areas; and following the creative class and retirement population to the next boom areas. |
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