Realty World – Your Property Source

A Duplex with 3 Bedrooms 2 Full Baths and 2 car garages each side.

This is one of the neatest Duplexes I’ve seen in a while.    They’ve priced this one right and it’s in a super neighborhood.

Click here for the “Street View“ from Google and see if you don’t agree with me.

This is a quiet street.   I took this photo on Friday, April 23rd at about 6 PM.  There little kids were out playing and riding bikes…

If you are an Investor click here for my “pro-forma cash flow analysis”.  These are estimates only of course.   I think this one is going to get a lot of attention and most likely,  multiple offers.

Now if you are thinking about living in one side and then renting the other side, I think I can show you here why this would be a good move.   I don’t know of any where in the area that you could buy a home and have payments less than $600 per month.

About the existing loan that has to approve of this Short Sale.

According to the Tax Assessor, the existing loan was just a bit over $500k.  The folks that bought it back then, paid $630,000 for this property.   The Assessor also shows that the loan is held now by Bank of America the successor to Countrywide.    If you want to know some “inside” baseball, Bank of America is one of the slowest when it comes to processing a “short sale“.

However, the wait might be worth it, especially if you are thinking of living in one side and renting the other.

Make it a great day…!

Ed Favinger, Broker CRS, GRI, SFR           favinger@rwnetwork.com      916-203-1260

Related articles by Zemanta

• BofA to reduce principal for at-risk mortgages (msnbc.msn.com)
• Criminal Probe of Countrywide Heating Up Out in L.A. (blogs.wsj.com)

I’m not seeing it.  But there are some stats that say otherwise.

I got this blog post from Jim Wasserman,  the Real Estate Reporter for the Sacramento Bee.   If you have any questions regarding this report, you can contact him directly at:  jwasswerman@sacbee.com

I think you’ll find this interesting.   I’ve copied and pasted the article below it’s current link.   The SacBee drops the links content off after a while.

Here’s his report below…

Related articles by Zemanta

• Bargains lure buyers to apartment buildings (lansner.freedomblogging.com)
• Is apartment market near its bottom? (lansner.freedomblogging.com)
• SacBee launches hyperlocal aggregation site (lostremote.com)

In Your Search for a Duplex Investment,  Not Only Should You Consider the Surrounding areas – Consider it’s current setting – I’m talking “Extended Living Areas” that Add Value.

Why do I say that…?   Well if you haven’t noticed we are in a recession with an unemployment rate in the Sacramento Region around 12-13%.   This means people are going to have less money to spend on nights out on the town, vacations and other entertainment venues that these folks might in good times frequent.

You’ve heard of “Stay-cations”… vacation at home.   And if you are going to be in the Landlord business, consider that if folks have to stay home, they’d like a nice setting to enjoy.

An advocation that gives me a lot of pleasure is “landscaping” a property.   It’s important to me and I believe this is one of the big items I think many investors choose to ignore or go on the cheap.   One comment in a basic landscaping book I got at Home Depot years and years ago spoke about the importance of landscaping.  ”Landscaping when done right acts as an extension of the living area.”

Patios outside a Dining area for example is a nice place to have your BBQ grille and Patio Furniture.   A small patio outside a bedroom slider would be a nice place on a Saturday or Sunday morning to read a paper and slurp your “cup of joe” wouldn’t it….?  Or…? What about having a glass if wine with your friends over on a nice evening with the sun just about to go down on a well appointed deck or patio.

See the two examples below and let me know if you see the “potential” that a good landscape cleanup and enhancement would do for them.    I have videos of both  along with the usual “pro-forma” cash flow analysis.

_____________________________________________________________

910 Bell Street, Sacramento - This property is on the corner of Bell Street and Villanova Circle.  It’s located near a regional park, Cal Expo, Arden Fair Mall, entertainment and restaurants.  This one has some mature landscaping in place that just needs to be properly cared for and along with the usual repairs that is required on these REO/Bank owned properties, if you took my suggestions, this would be a long term keeper.

Click Here for a Pro-forma Cash Flow Analysis

Click here for a video of the Bell Street Side Click here for the Villanova Circle Side

_____________________________________________________________

3622-3264 Sutterwoods Way,  Sacramento, Ca.  I used to own a property just like this one about 8 years ago so I know the street.   This one also has a unique corner lot setting with a lot of shrubs and trees.    The interior of this one is not in bad shape.  The appliances don’t appear to be too old.

Click Here for a Pro-Forma Cash Flow Analysis

I hope you see the potential in these two potential investments.   A first time home buyer I think could make a nice home out of one side and rent the other by the way.

Make it a Great Day…!!!

Related articles by Zemanta

• Sacramento, CA, Hotel Gives Shoppers Something to Cheer About (prweb.com)
• Sacramento Cal Expo Hotel Makes it Pay to Stay (prweb.com)
• Top 50 Landscaping Blogs (homeownersinsurance.org)
• A Wonderful Backyard Landscaping Idea (glenns-garden.com)
• Residential Landscape Architecture of Paul Maue Presented in New Web Gallery (prweb.com)

You Want Stats… I got Stats…

I thought I would pass on the a couple of things here for your information.   As you will see on the Table below,  it looks like out of the 113 Closed Duplex Sales in Sacramento County, just a bit under one half of them are “cash deals”.   If you go back to my post in February, you will notice back then there were no FHA/VA deals.

The report below shows there were 17 deals that were FHA/VA financed.  Those by definition, are “owner occupied” transactions.   I think those buyers were making a very smart long term move.

Here’s the table.

If you’d like the list of closed sales for the 1st quarter I have in a PDF format.   Click Here for your free copy.

I hope you found the above useful and informative.   If you have any questions regarding the Residential Investment Real Estate Market in this area, please drop me a note here:   or call me at

Make it a great day…!!!

Ed Favinger, Broker, CRS, GRI, SFR favinger@rwnetwork.com      916-203-1260

Related articles by Zemanta

• Real estate website pulls house hunters campaign after two days (mumbrella.com.au)
• Rental Management Company Launches Resources for Landlords and Property Managers (eon.businesswire.com)
• Inland Real Estate Corporation Pays April and Declares May Cash Distribution to Common Stockholders (eon.businesswire.com)
• Market Reports: The real estate industry released its… (ny.curbed.com)
• Mexico Real Estate Guide from Leading Experts Released As E-Book (prweb.com)