Realty World – Franklin Real Estate Group – Ed Favinger

With Lower Mortgage Rates, it’s almost a “no brain-er”

I was out and about looking at property the other day and spotted what I think are a couple of unique duplexes.   One of them is in a little higher end area of primarily single family homes on a private drive and the other is in more of what I call a “bread and butter” neighborhood.

The one thing they have in common is that they both are situated on “corner lots“.

7720-7722 Sunset Avenue in Fair Oaks is the 1st one.   This one sports 3 bedrooms 2.5 baths on each side with 2 car garages.   Priced at $281,000 this one will pencil out nicely and doesn’t need much to get it in a “rent ready” condition.   This one just came on the market last week.

Click here for the Cash Flow Figures.     For a video walk through, click here

7444 Robmar Court in Citrus Heights is the 2nd one and is in more of a “rental” neighborhood.  While the neighborhood does have some single family homes nearby,  you do think “rental neighborhood” when you drive through the area to get to this property.

As you will see in the video it’s not in really bad condition and it wouldn’t take much to get this one to shine.  Pay attention in the video to the “mistletoe” that has taken over the large tree in the front.  I think trees are a valuable asset and if you find a tree in this condition, get rid of the mistletoe and you’ll save the tree.

Click here for the Cash Flow Figures.    For the video walk through, click here.

If you haven’t gotten the memo, Mortgage Interest rates are in the high 4% to low 5% for 1-4 Unit  Investment Properties.

With rates this low I guess the phrase “no brain-er” comes to mind.

Make it a great day…!!!

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

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Thought I’d share this story.

CPR: News Story | Business Journal: Absentee Home Buyers Up.

Make it a Great Day…!

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

The Price is Right – Just Needs New Management & Some Repairs.

I was involved in a sale of a Duplex next door to this one.   There have been 3 recent sales in the area with new investors fixing these up.   This used to be an awful street of neglect.

That’s all changed in my opinion.   Click Here for the “proforma cash flow analysis”

By the way, we know this area because we also manage the duplex on the left side of this one.

This has been on the market for a while… just waiting for someone to jump on it.

Take a drive by there yourself and see what you think.   I think properties in the City of Rancho Cordova are a great investment.

Make it a great day…!

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

In Your Search for a Duplex Investment,  Not Only Should You Consider the Surrounding areas – Consider it’s current setting – I’m talking “Extended Living Areas” that Add Value.

Why do I say that…?   Well if you haven’t noticed we are in a recession with an unemployment rate in the Sacramento Region around 12-13%.   This means people are going to have less money to spend on nights out on the town, vacations and other entertainment venues that these folks might in good times frequent.

You’ve heard of “Stay-cations”… vacation at home.   And if you are going to be in the Landlord business, consider that if folks have to stay home, they’d like a nice setting to enjoy.

An advocation that gives me a lot of pleasure is “landscaping” a property.   It’s important to me and I believe this is one of the big items I think many investors choose to ignore or go on the cheap.   One comment in a basic landscaping book I got at Home Depot years and years ago spoke about the importance of landscaping.  ”Landscaping when done right acts as an extension of the living area.”

Patios outside a Dining area for example is a nice place to have your BBQ grille and Patio Furniture.   A small patio outside a bedroom slider would be a nice place on a Saturday or Sunday morning to read a paper and slurp your “cup of joe” wouldn’t it….?  Or…? What about having a glass if wine with your friends over on a nice evening with the sun just about to go down on a well appointed deck or patio.

See the two examples below and let me know if you see the “potential” that a good landscape cleanup and enhancement would do for them.    I have videos of both  along with the usual “pro-forma” cash flow analysis.

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910 Bell Street, Sacramento - This property is on the corner of Bell Street and Villanova Circle.  It’s located near a regional park, Cal Expo, Arden Fair Mall, entertainment and restaurants.  This one has some mature landscaping in place that just needs to be properly cared for and along with the usual repairs that is required on these REO/Bank owned properties, if you took my suggestions, this would be a long term keeper.

Click Here for a Pro-forma Cash Flow Analysis

Click here for a video of the Bell Street Side Click here for the Villanova Circle Side

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3622-3264 Sutterwoods Way,  Sacramento, Ca.  I used to own a property just like this one about 8 years ago so I know the street.   This one also has a unique corner lot setting with a lot of shrubs and trees.    The interior of this one is not in bad shape.  The appliances don’t appear to be too old.

Click Here for a Pro-Forma Cash Flow Analysis

I hope you see the potential in these two potential investments.   A first time home buyer I think could make a nice home out of one side and rent the other by the way.

Make it a Great Day…!!!

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