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.

In the Mean Time…?

Make it a Great Day…

Home For Sale Roseville – Across The Street From a Park

Location – Location – Location.

This awesome home for sale in Roseville with a great floor plane will come on the market very soon and it’s located right across the street from Pineschi Park.

Repairs are currently under way as I write this and when they are completed you’ll want to get  in for a look as soon as possible because it won’t last long.

Those repairs will include new paint, new laminate flooring, updated counter tops in the Kitchen along with new Kitchen appliances.

Some new landscaping in the rear yard will also be included.20180602_112959

 

The particulars on this Roseville home for sale are:

  • Located at 9466 Highland Park Drive
  • 3 bedrooms, 2 bathrooms
  • 1822 Sq Ft – Built in 2004
  • 3 car garage
  • Updated Hall Bathroom
  • Jacuzzi tub in Master Bathroom.
  • Directly across the street from the park.
  • Short distance to shopping, restaurants and entertainment

This home would make a great rental as well.   Click Here for a Rental Survey.

Come back to this site because we’ll monitor the progress with “Fix Up Video” updates and post them here as well.

Or… if you like to get onto our update list and watch the progress, we’ll email it to you.   Please email Sharon Kulbacki, sharonkulbacki@yahoo.com,  or me, Ed Favinger, favinger@rwnetwork.com and we’ll update you as we go along.

In the mean time…?

Make it a Great Day..!!

Ed Favinger, Broker, CRS, GRI, SFR, CDPE   916-203-1260

 

 

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

 

 

Update – A Report of Two Sacramento Duplexes For Sale

Sales Prices Up – But Rents Are Up Too…!

We recently listed a couple of Sacramento Duplexes for sale.   It’s amazing how quickly they seem to sell now and for what appears to be a never ending spiral upwards in Sales Price highs.

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9143-9145 Tuolumne Drive, Sacramento, Ca, 95826.   Tuolumne

3 bedrooms 2 bath each side with updated interiors.

Listed at $399,000  –  We had multiple offers with the new buyer that is excited to be Closing Escrow today at $410,000.

Oh and this was a Cash Offer with no financing involved.  We added a picture of the property to the right here.

 

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2347 – 2349 Imran Drive, Sacramento, Ca 95825

This Duplex was configured as a 2 bedroom 2 bath with a 2 car garage on one side with the other side being a 2 bedroom 1 bath 1 car garage.   The owner on this one had purchased it at the top of the market back in 2004.

With values finally reaching a point where he could sell without having to come to the table with money at the close of escrow, he took advantage of today’s market and moved on.

Listed at $400,000 – Closed escrow at $395,000

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6041-6043 Rye Way, Carmichael, Ca 

PENDING SALE  – This Carmichael Duplex is a 2 bedroom 1 bath units on ea side with one car garages

Now Listed at $355,000 –  We had this one listed originally at  $340,000, with multiple offers.  It was taken off the market to make needed pest control repairs after inspections revealed a termite infestation so bad the property had to be “tented”.

After the work was completed it was put back on the market and is now currently in escrow with a full price CASH OFFER.   It was also a multiple offer situation.

If you haven’t heard, there’s a short supply of Duplexes for Sale in Sacramento.   If you own a Duplex in the Sacramento Area and you are thinking of Selling, now couldn’t be a better time.

Investors are looking for properties like yours.  Let me show you how to get the most out of your investment.   If you’re a Prospective Buyer/Investor looking to get into the Duplex market or any other kind of Residential Investment, please call or send a text to me at 916-203-1260.

You can also drop an email my way to:   favinger@rwnetwork.com

In the Mean time…

Make it a Great Day…!

Ed Favinger, Broker, CRS, GRI, SFR, CDPE

 

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