The Double Comma Club

The Double Comma Club header image 1

Short Term Rentals Made Logical and Lucrative



We hear about owning short-term rentals. Many of us take advantage as we have started traveling again. Gone are the days when you could grab some random property in a decent area, furnish it with Goodwill furnishings, and make a profit after covering your mortgage. Listen as Nicole's guest Michael Vialpando makes it simple to understand how to do this, and enjoy the process.

What it Takes to Purchase a Home


What are the costs beyond the cost of the home you select? After you make an earnest money deposit, here are some of the costs and fees you can expect:

Inspection $450-600 Well, septic, sewer, radon may have additional fees.

Schedule the appraisal. $750 fee.

Title company $1000 - $1200 which includes lender fees - processing and underwriting fee.
All lenders have a fee. They may bend on it, depending on your interest rate. They are doing a service and need to be paid.

Setting up escrow - pay the full first year of insurance upfront. This can be rolled into the loan

  • 2-3 months of escrowing that insurance payment.
  • 2-3 months of your property taxes - which is an annual bill. A couple of months of buffer.
  • This could be anywhere from $7000 - $10,000 or more for those million dollars plus homes. Depends on the homeowner's insurance.

There are no more hidden fees - they all need to be upfront. They cannot go up, only down. 
Sometimes the seller pays for closing costs. VA loans could be with no money down. Call us if you have questions about your loan process for your next home.


The Next Big Thing - Rueth, Kruger, Soto, Alba, Veden January 20 - 21 2022


I'm SO excited! The Next Big Thing is approaching and I can't wait. I will of course be there sharpening my own saw, but I will also be SPEAKING. I'll be giving the latest updates in Lending, and what to expect down the road. I hope you're as excited as I am; The Next Big Thing is coming, and we hope to see you there.

We are thrilled to have Katie and her expert panel speaking about Commercial real estate trends, and how that affects the Residential Real Estate Landscape. Katie is the CEO of the Denver Metro Commercial Association of Realtors, which represents 2,000 commercial real estate professionals across Colorado!

It really is good to give, and we are thrilled to have Javier Alberto Soto, President and CEO of The Denver Foundation speaking at The Next Big Thing. Javier will be discussing how to integrate philanthropy into your business model, and the advantages of doing so.

Let's welcome Ann Alba and Stacey Veden, customer experience and service specialists from The Broadmoor Hotel. Combined, these 2 women have 34+ years of customer service experience and will be sharing how their principles translate to the world of real estate. You DON'T want to miss this dynamic duo share their keys to a 5-Star 5-Diamond experience.




Tickets available here:

DMAR Nov 2021 - The Market Is Slowing. So Why Are You Exhausted?

The market is slowing. So why are you agents so exhausted?

Comparatives are funny because they can tell any story you want. The market is slowing down? The market is still nuts! The idea real estate is hyper-local is at its epitome in times like these. Nicole dives into the Denver Metro local numbers and a bit about the economy but let's start with a story because perspective is everything.

"One of our clients this past weekend put in an offer and the listing agent and friend, Maura Putnik, called me and shared the seller side experience.

Her $890,000 listing had 80 showings,
18 potential offers
Six of those retreated when they heard where the price was headed,
12 written offers of which a few improved their offer, to have that one get the deal.
In addition, four agents offered to submit a backup."

If that’s slowing down, now I know why we are all exhausted.

DMAR’s November Market Trends Report shows buyers deciding to fight the good fight regardless of rates going up. Active listings dropped back to 3,376, partially due to 13.28% fewer sellers (new listings) and 7.42% more buyers (under contract) than last month. Buyers today have 782 more homes to choose from compared to the hot Spring market, can take an extra day to view the home, and will pay almost 3% less over asking than they did in the Spring. However, compared to last Fall, this market is on fire! We have nearly 1,500 fewer homes to choose from, yet we put the same number under contract for 1.5% more in almost half the time.

So, Let’s Talk Rates. Are They Going Up? Or Down?

The Federal Open Market Committee’s November meeting is happening as we go to print with this month’s Market Trends report. They are expected to announce the much-awaited tapering of $120 billion per month in agency mortgage-backed securities and Treasuries purchases. Powell will undoubtedly emphasize flexibility in his public remarks after the November meeting as the committee is likely to split on what actions to take. However, Fannie Mae, NAHB, NAR, and the MBA are sticking to their forecasts estimating 30-year mortgage rates hit 3.5 to 4% in 2022.

Home prices continue to increase, yet so do rents and the alternatives facing our first-time homebuyers today. And with the potential of rising rates, NOW is the time to jump in.

Maximizing Your Investment Properties - the Bedroom to Bathroom to Square Footage Ratio

Maximizing Your Investment Properties

Do you currently own investment properties? OR Are you looking to begin your investment journey, but are hesitant due to low inventory? Well, we are here to tell you that deals ARE happening, and you CAN add exponential value to your real estate investment (or future investment). Jacob Mueller of Atlas Real Estate starts by explaining the differences and benefits of both ADUs and AFSs, as well as the rules, the effect on taxes, and more. But he mainly talks about maximizing your investment property with a simple math problem of the ratio of bedrooms and baths to square footage. We all are paying more for every piece of real estate. Get the most out of it now and in the future when you sell it. We know the level of commitment & financial assets needed to invest in real estate, so it's okay that the process comes with a bit of hesitation. But, there are plenty of options available for you to start with one or modify your current strategy that will add value to your property.

Jacob Mueller is an experienced owner/professional with a demonstrated history across several industries including real estate, marketing, and software. Having grown up in the Pikes Peak region, I'm currently serving my clients' investment real estate needs with the outstanding Atlas Real Estate team.

The Next Big Thing - A Real Estate Experience January 20 - 21 2022


The Next Big Thing is shaking up how Real Estate professionals will define business success. This two-day event will be far from typical. While our past may have shaped us, it is time to define the future. This energy-rich, content-driven event will introduce the biggest drivers shaping the industry, and instill how to harness the next big thing to catapult your own business.

Built on the foundation of helping others build wealth through real estate, The Rueth Team has created the ultimate tool that is The Next Big Thing. Over the course of two days, you will hear from industry leaders and pioneers who have paved the way and achieved the highest levels of success. They are leaders who inspire, and businessmen and women who are challeging the 'norm.' You'll discuss how the world is changing and what’s needed to stay two steps ahead. Together with four hundred and fifty other professionals, you will build a foundation to become the Next Big Thing.

Read the rest of this entry »

How to Buy and Sell Your Home at the Same Time

How to Buy and Sell Your Home at the Same Time

We know just how stressful deciding to purchase a home can be, especially when you're already a homeowner! It can be nerve-wracking to think about purchasing a new home when you have hundreds of thousands of dollars already in your current asset...


When it comes to buying and selling at the same time, or even purchasing before you sell, it is all about strategy and diving into the details. Sellers are in a very strong position in our market right now, so buyers who also have listings on the market have to come up with a strategy to make their offer stand out.

Join Nicole Rueth and Justin Knoll as you are given options to simplify this coordination.

The Cost of Waiting in Real Estate


There is a lot of math in this episode, important math. Listen while Nicole walks you through the cost of waiting to purchase a home, especially if you are currently paying rent. The last 18 months of everyone's lives have been exhausting. But putting off purchasing a home shouldn't be one of the things falling to the wayside. If you've been on the fence, now is the best time to buy. Why? It's not just because interest rates are low, it's because of the two-fold effect of appreciation and principal reduction. No matter how good of a deal you have on rent, you're not getting the best bang for your buck or making the most of the roof over your head. In fact, you'll lose out on quite a lot by waiting. But just how much...? 

Learn more about building wealth through real estate on Nicole's YT Playlist: 

How can you capitalize on Real Estate to Help Pay for College


Use Real Estate to Pay For College! First-time homebuyer and investment property purchase.

  • How can I use equity to pay for college?
  • When should I start investing?

Nicole's personal experience.  She had three in college at the same time - one graduated, two are still in. At 20, Nicole's two boys were able to purchase their first homes. They bought income property where they could live, and then become the landlords and rent out the other rooms in their homes to not only pay the mortgage but to help with cash flow.

Each home cost $400,000  with a 3% down as first-time homebuyer or could be done using downpayment assistance.

If you put less down, you'd still cover the mortgage with the income, but maybe not as much pocket money.

You can use your own home equity to purchase investment properties do follow this same model and cover room and board, and increase your real estate portfolio. Consider this option instead of a 529 plan. That home you purchase for your child when they are born could appreciate over the next 15-18 years and will pay for college, or a whole lot more using the rental income and principal reduction. It could help pay for their first home and even their wedding, PLUS their education.

Read the rest of this entry »

What You Need to Know About Debt to Income Ratio


What is debt to income ratio? Which is different than what is my monthly budget. All right? Because I really want to just land there just for a second. Because it's super important that when you're going out looking for a home, you've identified what is that monthly number, that monthly payment that fits with the rest of your lifestyle? Because it's really easy to fall in love with a house that's higher than your budget. I mean, the higher you go, the prettier they get. Right? But that might not work with the fact that you want to start a family. You want to buy a car. You want to go on vacations. Maybe you want to build up investments to secure your financial freedom and retirement. All of those things should be talked about, discussed with your lender. Bringing in all the other things about your life to ensure that you pick the house payment that allows you to have a life, not just live in a home. Lisren to this episode to get the full story and why you need to know its affect on your credit score.

Podbean App

Play this podcast on Podbean App