How’s the Real Estate Market…?

Foreclosures At a 20 Year Low

I get this question all the time from people asking me “how is the real estate market?”.

The short answer is, Great…!

I have some links below that will give you some insight but in the greater Sacramento Area I think it’s one of the best I’ve seen.   Why do I say that…?

Have you tried to get a contractor or handyman to fix something at a rental…?  When you’ve got contractors busy with a back log of weeks out, that’s probably one of the best signs of a great real estate market.

 

Click Here for an article regards the low Foreclosure Rate.

And if you’re an investor curious about rents, click here for that article.

Aerial shot of Folsom, California with Folsom Lake in background.
Aerial shot of Folsom, California with Folsom Lake in background.

If you’re thinking of getting into the market for a new home or you are an investor looking to purchase your first rental property or you want to add to your portfolio, please call/text or email me at anytime.

 

Looking for a Duplex to buy…?   I’ve got one that you should take a peek at.   Click Here for the information on this Bread and Butter Property waiting for you.

 

 

In the Mean Time…?  Make it a Great Day…!

Ed Favinger, Broker, CRS, GRI, SFR    916.203.1260   favinger@rwnetwork.com

 

Multi-Family Residential a Favorite for Investors

Late Cycle Real Estate Investing Strong

I thought I’d share an article from Bisnow.com.   You can subscribe I think for free and they will send you information to your inbox with Real Estate and other business news.

The reason I thought I’d share this is because many people I talk to,  including other Real Estate professionals, have the feeling the Real Estate Market is slowing down.Late cycle investing Bulls and Bears

However, the BisNow article points out the trends just before the great recession and the trends of today, especially when it comes to Multi-Family Residential,  are much different.

I share the optimism of the writer of the article because it applies to all residential income properties in this area at least, in my opinion.  Those types of properties include Single Family Homes, Duplexes, Four-Pelxes and Apartments.

They just can’t build enough units but they are trying.

Click here for the BisNow article.

Click here for a local Sacramento Business Journal Article regarding new construction of Apartments in the Region.

So if you’re on the fence about Investing in a Duplex, a Four-Plex, a Single Family Rental or an Apartment complex, please contact me today at 916.203.1260 or drop a note my way via email at: favinger@rwnetwork.com

In the Mean Time…?

Make it a Great Day…!

Ed Favinger, Broker

 

New Laws for 2019 – If You Are An Investor – Pay Attention

State of California Always Adding New Laws – Catch Up by Reading Below.

I receive an email newsletter from time to time from the BPE Law Group.   Every year we get a slew of new legislation out of the State.   You just have to keep up or you’ll be in trouble when it comes to owning Rental Real Estate.Desert road

I thought I’d share BPE’S most recent article with you.

I think you can sign up for their updates as well by emailing them at:

kbdunnagan@bpelaw.com.

 

CLICK HERE FOR A COPY OF THEIR MOST RECENT ARTICLE.

If you are looking for an Investment Property like a Duplex, a Four-plex, a small Apartment complex or even a Single Family home, please call or you can send a text to me at anytime at 916-203-1260.

We specialize in the Sales and Management of Sacramento Residential Investment Properties.

Make it a Great Day…

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

 

 

Sacramento Duplexes For Sale – Bread & Butter Income Units

Rents are Low – But These Still Might Work…!

While there aren’t too many Sacramento Duplexes for sale on the market these days that I like a lot, there are some Duplexes I think might work out for the right investor.

These Duplexes for Sale are what I call “Bread and Butter” type of Investments.Hand writing the text: Rental Income

 

Take a peek at the information I have below here.   I’m profiling these Duplexes for Sale based upon their current situation and what I think the ultimate sale price should realistically end up being.

I will profile other Sacramento Duplexes later so come back here from time to time.

If you are looking for a Residential Income Investment like a Duplex or a Four Plex, please send an email to:  favinger@rwntwork.com or you can call me at anytime at 916.203.1260.

In the Mean Time…?

Make it a Great Day…!

Ed Favinger, Broker 

Folsom FourPlexes For Sale….!

These Four-Plexes For Sale in Folsom Are a Rare Occurrence

It not very often that we get a FourPlex for sale on the market here in Folsom but now there are two of them,  205 and 211 Talisman Drive, Folsom.

While they have a great location in a town with all the amenities you’d want close by in an Investment, there are some down sides to these properties.

Both of these FourPlexes have some deferred maintenance of between $12,000 – $15,000 as disclosed by the Pest Inspections provided by the listing broker.

 

Deferred maintenance is not an uncommon thing, but the other issue I discovered an investor is going to have to take into account is the rents can not be raised on most of these units until very late into 2020.

Click here for the rent roll and you’ll see what I’m talking about.  Only one unit that is currently vacant would be available to raise the rent to market.

Click here for a Rental Market Survey.   You can see rents are at a premium here in Folsom and it’s a sad thing the rental rates were locked in with leases expiring in 2020.

Click here for a Pro-forma Cash Flow Analysis for both Fourplexes

As you can see the Cash Flow is a bit skinny on these FourPlexes.   This is not uncommon in today’s market because  most of the time investors area able to increase the rents after close of escrow.  However in this situation, you’ll not be able to raise the rent for a long time.

Anyone who gets into escrow on these two FourPlexes will need to review the Seller’s documentation and Maintenance history carefully.   And again they will have to take into account rents will be locked in for a long time.

But hey… These are located in Folsom which is one of neatest towns in California.   There’s not much on the market now so if you are hot to buy a Folsom FourPlex…. this is what you can get now.

If you want more information about Residential Investment Properties like Duplexes and Four Plexes, call or text me at 916-203-1260 or drop a note my way via email at: favinger@rwnetwork.com.

We also do Property Management.

In the mean time…?

Make it a Great Day…!

Ed Favinger, Broker