Sacramento Bank Owned Duplex For Sale – New On The Market…!

Sacramento Duplexes For Sale are Hot Now…

Hey check out this Sacramento Duplex for sale that just appeared on the market.   When I see a Bank Owned/REO foreclosure Duplex like this,  I know this one will be sold “as is” and that may concern some investors.

This Duplex does need some work, however it’s been updated some and I think it’s just been neglected.

I think you will find this Duplex will be a great investment if you’re looking to invest in the Sacramento Area.

I toured this today and have a Video below.

I also have a “Proforma Cash Flow Analysis” for your review of this Duplex by CLICKING HERE.

Let me know what you think.   We also manage a Duplex just down the street, so we know the area and the potential income you can get from this Bank Owned Duplex.

In the mean time…?

Make it a Great Day…!

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

 

Rent Control Is Rearing It’s Ugly Head Again – Not Yet in The Sacramento Region

Too Much Regulation – Kills the Housing/Building Industry

I have to pass on this article I got from the San Francisco Business Times. There’s a big meeting in the City of Alameda tonight that is so contentious with the anticipation of a large gathering, they moved it to a High School Auditorium.

English: City hall. 2263 Santa Clara Avenue. A...
English: City hall. 2263 Santa Clara Avenue. Alameda, California, USA (Photo credit: Wikipedia)

I’ve written about this issue before… not sure if I put here on this blog but for sure at our Property Management Facebook Page back in November 18th of last year.  The link I posted was also a follow up to the earlier Alameda City Council meeting where the “3 options” referred to are going to be the subject of tonight’s big do.    You can bet there will be lots of media there.

Here’s a “solution” that I wanted to share again with you from a Bay Area Attorney, Christopher Hanson, the Hanson Law Firm.

I think his ideas and solutions are much less onerous for Landlords and “spreads the pain around” in such a way that it doesn’t kill the incentive to build more units which is the reason Rents are going up, including in the Sacramento Region.

Come back here tomorrow and I’ll have the follow up.   I’m curious to see how Alameda handles this issue.

If you are thinking of Buying or Selling and Investment Property in the Sacramento Region, please call me at 916-203-1260 or drop me a note at favinger@rwnetwork.com

In the Mean Time…?

Make it a Great Day….!

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

 

Curb Appeal of Investment Properties & Why You Should Maintain it.

A strong landscape maintenance regimen should be part of your plan.

I’m always amazed how little value some owners/investors assign to a well maintained landscaped front yard, even though it’s the first thing prospective tenants and Buyers see when they pull up for a look.

I have some pictures here to show what I mean.   We’re in the process of marketing the Twin Pines Apartments at 2755 El Caprice, Rancho Cordova.  el caprice #1

The owners of this complex have spent the last couple of years improving this property which is right across the street from the new Folsom Lake College annex building.

A few days ago I drove by a duplex next door to us located at 2743 El Caprice and saw a beat up looking truck on the grass.  This is what it looked like when I took the picture of it below.

Do you think this helps my Sellers in their quest to market their apartment complex?

Do you think the poor condition the owner allows the tenant to get away with is something neighbors on either side would like to live next to…?

The Duplex Next Door

Do you think any Buyer/Investor is going to take into account the poor curb appeal of the surrounding properties and maybe discount the value of this street more than if it was in a more “pleasant looking” condition…?

If you’re thinking of selling a home, I think everyone knows that curb appeal is something written about all the time as a big item to put on the “to do list” in preparation.

So if that’s true, why would it be different for an investment property like a Duplex, Four-Plex or an Apartment complex….?

By the way, do you think the owner of this duplex allows her home she lives in to look like this..?   The answer is no because I took a copy of this picture you’ve seen here to her.   She’s a a local investor and trust me her front yard didn’t look anything like this.

If you have followed this blog site for any length of time, this has probably been one of my passions over the years.

If you’re an investor, please don’t be one that just wants to take all the money out.   Put some value back into your investment by creating a nice curb appeal that will draw the best tenants to you.   They will pay you more in rent because they know you care about the property and so they will get that message and help take care of it too.

It also brings the value of the entire neighborhood up if everyone on the street did the same.

In the Mean Time…?

Make it a Great Day..!

ED FAVINGER, BROKER CRS, GRI, SFR, CDPE    916-203-1260   favinger@rwnetwork.com

Another Article about Folsom…And Some Recent Sales Stats Too…

From the Sacramento Bee – Real Estate Section – August 2, 2014

I thought I’d pass this on in case you don’t get the Sacramento Bee.   As a 25 year resident of Folsom, I can tell you that this is old news but it’s nice to read about your town.    Take a look at the article below.

Schools get high marks from residents

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Below is some recent Sales Data that I think you might find interesting.

Folsom Real Estate Sales Data

Average Listing Price (last 12 months)

AVERAGE LIST PRICE IN JULY

Single Family Homes    $517,478       Condos/Townhomes    $250,659     Multi­family  Homes   $694,667

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Folsom Real Estate Sales Data

Days on Market (last 12 months)

CURRENT AVERAGE DAYS ON MARKET IN MAY

Single Family Homes  –  90,   Condos/Townhomes – 92,      Multi-family Homes –  86

In the Mean Time…?

Make it a Great Day…!

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