An interesting discussion that was started by a local Buyer wanting to avoid having to go through the hassle of a “mortgage application”
She asked this on Trulia‘s Q&A and had some interesting answers. I think you’ll find that the discussion was informative.
Click here and enjoy the read… not a long one, but I think you’ll like it.
In the mean time…?
Make it a great day…
Ed Favinger, Broker CRS, GRI, SFR favinger@rwnetwork.com 916-203-1260
If you are looking for a “coupon clipper of a Real Estate Investment, this might be for you.
339 Montrose, Folsom, Ca – Listed at $267,000
I got an update from the MLS that this duplex had come back on the market after being in escrow for a bit.
So when I rushed out earlier today to take a peek for myself there was a couple from Alabama who are moving here walking around the property. They have a son living here who told them about this place so I invited them for a peek with me.
Their names were Ken and Dewey(my middle name). After viewing this proerty, they were excited. To see for yourself, if you click on the link below you will get a video of the property.
VIDEO… VIDEO…VIDEO…
Ken mentioned to me that he and his wife would like to live on one side and rent the other. He’s thinking he’d like to get a cash flow… basically have the other tenant pay his mortgage payment.
When I was speaking with him I wasn’t sure that was possible so I ran the numbers. I have a “pro-forma” analysis showing what your payments would be for this duplex assuming a 3.5% down payment, an FHA loan and a sales price of $245,000.
Get the pro-forma cash flow analysis here.
Let me know what you think…
In the mean time…?
Make it a great day…!
Ed Favinger, Broker, CRS, GRI, SFR favinger@rwnetwork.com 916-203-1260
Related articles
I Have Some Strong Opinions based upon personal experiences.
An Average Duplex in the Sacramento Region
What I told a potential Real Estate Investor who wanted to know what Brokers in the area thought to a question he posed on Trulia.com
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I was a part owner of the Four-plex pictured here back in 1990. We did a little fix up and flip back then when the rents were at $450. Rents on these units now are from $600 – $700.
What did you think of the answers I gave. Are you a Duplex or a Four-plex kind of investor.
In the Mean Time…?
Make it a Great Day…!!!
Ed Favinger, Broker, CRS, GRI, SFR 916-203-1260 favinger@rwnetwork.com
When Will the Market Turn Around…?
Asked by a Home Buyer from Citrus Heights
OPINIONS PLEASE….?
Prices for homes have really dropped since the boom years. I just wanted to get opinions from the Realtors on Trulia on what they think about the prices, if prices are at an all time low, when the market may turn around, etc. This housing market sure has been something else!
Click Here for what I and other Real Estate folks had to say. I think you’ll find the answers interesting and informative. Let us know what you think.
In The Mean Time…?
Make it a Great Day…!
Ed Favinger, Broker CRS, GRI, SFR favinger@rwnetwork.com 916-203-1260
