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…

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

 

Note to You Bay Area Investors – You Get More Units for the Same Money in Sacramento

Check out this article to see what I mean.

A recent apartment acquisition here resulted from the sale of 10 units in the Bay Area and doing an exchange into a total of 85 Multi-Family units.

Basically the reason why this investor made this move is because you get a lot more units with a lot more upside and cash flow when you invest in Apartment units in the Sacramento area

Modern apartment buildings on a sunny day with a blue sky

 

Click Here for that Story

 

So if you’re a Bay Area Investor with property you’d like to sell and exchange for more units in the Sacramento Area, you’ll be joining a few others that have done the same thing.

If you are worried about Property Management because we are a couple of hours drive away from your home, rest easy.   Our Property Management Company, Haven Properties is here make your life easier as an investor.

Call or Text me at 916-203-1260 or send an email to me at,  favinger@rwnetwork.com.   Let me help you take advantage our Rental Investment market here in Sacramento

In the mean time…?

Make it a Great Day…

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

 

Sacramento Cash Flow Opportunities – 6 units For Sale

Two Tri-Plexes side by side

Have you been looking for Real Estate Investment opportunities that actually pencils out…?  We’ve got 2 “bread and butter” tri-plexes that give a pretty decent cash flow that includes Property Management.   The owner is retiring and now wants these sold.

The Ziggurat Building in the city of West Sacr...
The Ziggurat Building in the city of West Sacramento,

If you are in the market looking for a Residential Investment in a growing economy of Sacramento, stop here because these might be what you’re looking for.

They were listed by Sharon Kulbacki from our office last week and she’s provided some information here.

You can contact her at 916-705-5715.

Click Here for Pictures & Information regarding 3629 Altos, Sacramento 

Click Here for Pictures & Information regarding 3625 Altos, Sacramento

We have the proforma cash flow figures here below.

Click here for 3629 Altos Cash Flow figures 

Click here for 2625 Altos Cash flow figures.

Take a swing by these units but do not disturb the tenants.

In the mean time…?

Make it a Great Day…

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

 

Quick Market Update – Sacramento Duplexes for sale

Multiple Offers Still Going On…

I had the opportunity of working with a couple of investors that made offers on a couple of Duplexes for sale in our region.   One of the Duplexes for sale was at 4932&4934 Saddlerock, Sacramento and the other Duplex for sale was located at 2641 Capitales, Rancho Cordova.

In both instances the Sellers received “multiple offers”.   The buyer on the Saddlerock Duplex actually made an offer well  over list price but didn’t get in 1st position.  However, they were later able to get into escrow with this property after the Buyer with the top offer withdrew from the deal.

Sometimes the 1st offer in doesn’t complete the deal.

The other Duplex for sale on Capitales had 5 offers and we wound up on top with that one.  Interestingly in that deal the Listing agent told me that out of the 5 offers, 3 of them were prospective “owner occupied” purchases.   I think you’ll see as prices of single family homes go up, folks will turn to this option, live in one side and rent the other.

In both cases we  were required to have a Lender Pre-approval letter and Proof of Funds.   Proof funds is important because if you are going to compete with “cash offers”, you have to show you can pay the difference if the appraisal doesn’t come in at the Sale Price of your offer.

So if you’re thinking of Selling, Buying/Investing get in while the rates are still low and don’t be disappointed if you don’t get the first deal you make an offer on.

In the mean time…?

Make it a Great Day..!

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