American Dream Home – Folsom, California

Interesting Graphic – 60% of Home Buyers Want a Newly Built Home

I thought I’d forward this graphic from the California Association of Realtors on a recent poll they took.

Check it out.   It’s amazing with all the recent hoopla about how Millennials love Mid-Town Sacramento with all the night life and restaurants.

Interesting to see the statistic of what most buyers think is important.   Folsom has a lot to offer that is on this list.

Let me know what you think.

august 13

 

 

If you are thinking of buying a home or if you are an Investor, please email me at favinger@rwnetwork.com or call/text me at 916-203-1260.

In the Mean Time…?

Make it a Great Day…!

Imputed Rent – Benefit of Home Ownership..!

You Are Paying Yourself Rent Tax Free…

I got this article from the California Association of Realtors and thought I’d pass it on here…

Note with written words Earnings after Taxes.It’s in one of the Market Snap Shots that we get from our state association.

In it they go through an analysis of the tax benefits that are still available to home owners in California with an interesting twist talking about “imputed rent”.

Click here for that article and let me know what you think.

If you’re thinking of buying a home, or you’re an investor looking to by a Duplex or a Four-Plex for example, drop a note my way and let me help you.

We service the Sacramento Region and for you investors we also offer Property Management as well.

Call or Text me today at 916-203-1260.

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Make it a Great Day…

Landscaping and Views Affect Values of Duplexes Too…!

People Will Pay More Rent & That Affects Your Value.

If you’re thinking of buying a Sacramento Duplex, I’ve always told investors to not overlook landscaping and “curb appeal” as an important part of your investment.  In addition back yard landscaping with patios, shade trees and privacy enhance your property and make it stand out when you have a rental competing with others and when you decide to sell.

We have such great weather in which a nice back yard adds an extension of the living area because your tenants will hang out there.

In other words a nicely landscaped property front and back will bring you more income and increase the value of your investment.   This is true for Single Family Homes, Duplexes and even apartment complexes.

Take a peek at this graphic from the California Association of Realtors.

Home-Value-hi-res

 

 

 

In the Mean Time…?

Make it a Great Day…!

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

 

 

Rents Are Up In a Good Market and are Up in Down Market..!

You’d think the opposite would be true but it’s not.

It’s amazing  when you think about it, but after watching the video that I’m going to post below, I realized these guys are right.

When the Real Estate Sales market is “hot” rents go up.   But, even in a down turn, the rent rates still go up.

Messrs Brian Stevens and Frank Garay are a couple of loan guys that do a lot of video updates about the Real Estate Loan market, Real Estate Sales and about some of the “inside baseball” stuff for those of us in the business.

Our Property Management company is now leasing up Units in Apartment complexes, Duplexes and Single Family Homes for record high rental amounts and many times with “multiple applications”.

So after taking a peek at their video that I got today,  I thought I’d share it with you because their conclusion about rents going up in good and bad markets is something I had not thought of.

You can skip the beginning of the video if you want to and go to the 3.43 minute mark to see their presentation that includes an interesting graph to make their point.

If you are thinking of Investing in a Residential Rental property such as a Duplex or a Four-Plex, a Small Apartment complex or even a Single Family home….?

Then, call me at 916-203-1260 or drop a note my way at favinger@rwnetwork.com.

I’ll bring you up to speed on our local market with comparable sales information and also what you can expect to earn in rents.

In the Mean time…?

Make it a Great Day…

Ed Favinger, Broker, CRS, GRI, SFR, CDPE        favinger@rwnetwork.com

 

Sacramento Duplexes for Sale – They Are Still a Good Buy…!

Prices Are Up But So Are Rents…!

If you have been following the Real Estate market when it comes to Duplexes you may have noticed the prices to get into one are up from just a year ago.

Available Sacramento Duplexes for sale in decent areas are scarce.   Furthermore what is out there now for sale do not seem to be in the best of condition with some deferred maintenance on many of them.

I think those owners just want out of the business and now is a good time.

I’ve profiled a few duplexes here that I think will make decent Cash Flow Investments especially if you keep in mind that real estate has always been a long-term situation.

The following 1st two profiles are on Salmon Falls Drive.   We manage a Duplex with the exact configuration located at 9074-9076 Salmon Falls Drive which is next door and across the street from these two… so we know this area.

You will notice when you see the cash flow figures I have two projections, one at the current rents and one at market.

I think many a Seller make the mistake of keeping rents low to avoid vacancies, but when they got to sell, it’s  up to the Buyer and new owner to increase the rents.

9070-9072 Salmon Falls Drive, Sacramento – Listed at $365,000 – 3 bedrooms 2 bath units on each side.  CLICK HERE for a Pro-forma Cash Flow analysis.

9075-9077 Salmon Falls Drive, Sacramento – Listed at $354,900 –  3 bedrooms 2 bath units on each side. CLICK HERE for a Pro-forma Cash Flow  analysis.

Below is a short video tour of the neighborhood where I show you what it looks like.   We manage 3 more Duplexes on the cross street of Tuolumne with recent “move-ins” at $1,400 per month.

 

Now…. After seeing the above numbers if you are from the Bay Area, you should easily see how good an investment Sacramento Duplexes are.

Of course you have to have the right Property Management and we do that as well.

Call or Text me, Ed Favinger at 916-203-1260 or send me an email at favinger@rwnetwork.com and we’ll help you find the right investment for you.

In the Mean Time…?

Make it a Great Day…!

 

Ed Favinger Broker, CRS, GRI, SFR, CDPE