Realty World – Your Property Source

Take a look at the numbers on these two.

One of them is a Short Sale and the other is an REO/Bank Owned property that is in need of some work.   These properties showed still “Active” as of today.   I haven’t contacted the agents to see if they have offers or not, but if you look at the numbers, I can’t see why they are still available.

They are pretty decent deals based upon the assumptions in the “pro-forma” cash flow figures I’ve prepared here.

So check out the links below and let me know what you think.   Got some video here as well.

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• 3148-3150 Laurelhurst, 3 Bed/2Ba & a 2 Bed/2Ba, Fireplaces – Short Sale - Listed at $125,000 - Here’s a video of the exterior only.
• 10228 South White Rock Road, 2 bd/1ba ea side $79,100 –  A Beater/Fixer – See The Video..!_

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If you are looking for an investment I don’t think you can argue that these numbers look pretty good… don’t you think..?

Make it a Great Day…!

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

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Live Near Million $$$ Homes – Payments Cheaper Than Rent

I was out and about looking at property and have seen this one a couple of times on the MLS.   Click Here for the basic information if you’d like to see it.

This property is nestled in a pretty nice area with Oak Trees everywhere.   If you looked at the map on the link above maybe you noticed how close to the American River Parkway this property is near.  You owe it to yourself to drive by this property and the neighborhood.

This Duplex would be a great “owner occupied” candidate if you wanted a Single Family neighborhood feel.

I GOT VIDEO…!   I GOT VIDEO…!

Click On Here and join me on my walk around the property.

Click on this link to see the immediate neighborhood around this property

Cash Flow…?   You Want Cash Flow…? Or would you like to live in one unit and rent the other?   This is one property that could go either way.   You have to buy it for the right price though.  Although it’s listed at $319,900, it’s not going to sell for that in my opinion.   I think it should sell for something near or at $250,000.   If you look at the comparable sales data, there hasn’t been one sell for much over that,  if any.

Click Here for the comparable sales to prove my point.

Click the link below this paragraph for my projections – which includes costs to fix up calculated in.   I’ve got figures if you are a “Non-Owner Occupied Cash Flow Investor”  or you’re maybe a 1st time buyer and want to live in one side and “rent the other”.

Go Here To Get the Projections

If you’ve seen the projections and are curious about what you can get for rent in this neighborhood, go to this website that will give you the data.   It only asks you for the address and bedrooms nothing more, but it does show the location of the comparable rentals in nearby neighborhoods.

Let me know what you think.

In The Mean Time…?

MAKE IT A GREAT DAY…!!!

Ed Favinger, Broker, CRS, GRI, SFR         favinger@rwnetwork.com       916-203-126-

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Versatile…Lots of Utility…Adds Value… What am I talking about…?

Its the “Court Yard Entry”…!

One of the things I’ve learned since I’ve been in the Real Estate business is the more amenities a home has, the more utility and therefore the higher value.

Landscaping was described to me in a “Landscape Book” I bought.   “Landscaping extends the living area of your home.”

In other words, you could have a 3 bedroom 2 bath home with about 1200 sq. ft. that might seem kind of small.   However,  if you had a nicely landscaped setting of perhaps a 10′ x 10′ patio as part of your front ”court yard” entry along with a patio of the same or larger size in the back yard, you’ve essentially increased the living space of this home haven’t you…?

With a Courtyard Entry, you can have another nice setting to hang out besides the backyard.   I know that most folks have the family gatherings and BBQ’s in the back yard.   If you had that extra area in front,  you can take advantage of the various orientations of your home.

For example, if your home faces the west you can sit in the front court yard looking out over the neighborhood at sunset.   Sunsets in Folsom go great with a glass of wine don’t they..?

You know I was driving around town here a couple of days ago and shot some pictures of homes in various neighborhoods that have patios and courtyards in the front.  I have a link here to a page that has a slide show of some homes with “Court Yard” entry’s.    Some are just simple front porches and some are a lot more.

Click Here and let me know what you think…

If you have a minute, check out a couple of the links for some  Courtyard entry ideas.

http://www.the-landscape-design-site.com/gardenstyles/entryways.html

http://www.roomzaar.com/rate-my-space/Gardens/Courtyard-Entry/detail.esi?oid=506284

http://www.ehow.com/list_7636633_ideas-courtyard-design.html

In the Mean Time…?

Make it a Great Day…!

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

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Some Interesting New Listings That Have “Piqued” My Attention… might pique yours too

I’ve been out and about in the last few days looking at new inventory and reviewing some that have quickly sold and then have fallen out of escrow.    The list below are just a few that I’ve seen lately I wanted to pass on.  They are in various areas… all of which I think would be decent investments,  if purchased at the right price of course.

By clicking on the address of these properties you will open up a “pro-forma” cash flow analysis in PDF format.   I have some videos as well

Let’s start with a Short Sale first.

2325 Irma Way, Sacramento, Ca 95825 – Listed at $160,000 –  Nice area of duplexes – According to the listing agent they will consider a new roof credit at full price.   I have a flyer here with some pictures of the interior because I couldn’t get in to see the interiors.  It was a nice quiet morning that I was over there and I think you’ll be impressed with the neighborhood.   Here’s a video of the exterior.  I was there at about 11 or so Saturday, October 1st.

Below are some Bank Owned/REO types of deals. These are a bit rough.  I call them ”beaters” – but they are more commonly known as “fixer uppers” – .

7576-78 Cook Avenue, Citrus Heights, Ca – Listed at $127,900 – This one needs a bit of work.   The Cash Flow figures are based upon the price as if it were fixed up.  I’m guessing it needs something around $20,000 to really do it right.  But after you are done, you’ll have a real nice place and no problem leasing this up.   Click Here for the Video Walk Through.

7214-16 Grady Drive, Citrus Heights, Ca – Listed at $136,900 – As in the above situation, the cash flow figures are based upon the price as if it were fixed up.   I have told clients over the last couple of years that the average you’ll spend on one of these deals will be between $7,500 to $10,000 per side to get these in a really nice “rent ready’ condition.   Click Here for the Video Walk Through

If these properties interest you, drop me a note or call me at any time.

In the mean time…?

Make it a great day…!

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

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