There has never been a better time to invest in income property. Colorado's population continues to grow. Therefore, the demand for housing is increasing.

Income property ownership is simply good business.

Necessity: What is the definition of "good business?" One definition of a good business might be necessity. The housing business gets a "10" in this area. Everyone needs a roof over their head.

Elasticity: Housing demand is basically inelastic. People need a place to live and moving is not a favorite pastime.

Equity: Many businesses have little or no equity. Their equity might consist of "Blue Sky," Good Will," or highly depreciated capital equipment. Income property may have all of the above, but they also have land and the valuable improvements attached to it.

There is always verifiable value in real estate. It is comforting to own the most tangible of all assets.

Liquidity: Ideally, a business is always somewhat liquid. It is nice to know that if you must sell, there will be a market. Most businesses are not very liquid. Owning income property is a business. When priced at true market value, income property sell quickly. They rate an "8-plus" on the liquidity scale.

Manageability: This is a critical point for people who do not want to self-manage their business. It is very difficult to find competent management for many businesses. Restaurants are a good example. Income property managers are relatively easy to find and mostly competent. On the manageability scale, income property rate a "10."