We ran into a serious selling problem that required an outside Denver realtor to fix the problems. We build town home complexes in various cities and usually don’t have much problem moving the units at a rather tidy profit. We even survived the housing crisis relatively intact due to shrewd planning and a sense that the bottom was going to fall out of the market before it actually crashed. We cut back on our projects while our competitors rushed full speed ahead and ran into serious financial problems. What I’m trying to say is we’re pretty savvy about real estate.
A complex we put up in Denver gave us fits, however. [Continue reading…]