Realty World – Your Property Source

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

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Is the economy really making a comeback…?

I’m sure you know there are many points of view on this topic.    Please take a minute and read what James Kim of Austin Real Estate has to say about it.   Click Here to get his perspective.  I think you’ll find it useful and informative because Austin, Texas is somewhat similar to the Sacramento Region… Both are state capitals and both have rivers running through them.

In 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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Take a peek at some potential Cash Flow Investment Properties that I looked at over the last couple of days.

I  have videos along with the potential cash flow figures for your review.   The two that are Bank Owned Duplexes are both in need of work but when you add in the amount it’s going to cost to fix these up, I think it will be worth it.

The reason why I say this is because the rental market is pretty good for properties that have good curb appeal, in good neighborhoods and are updated/upgraded a bit.

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3960 La Honda Way, Carmichael was just listed a couple of days ago. Click here for my “pro-forma” cash flow analysis and evaluation if you are an Investor.   This one is located on a Cul-De-Sac street consisting of mostly single family homes and is not all that far from Sunrise Blvd and the American River Parkway.   If you want a quick street view video I took click here for that.

I’ve done the estimated cash flow figures based upon a lower price because I think the Listing Broker has this priced a little high in my opinion for it to be a good cash flow deal for an investor.  However….  it is in a pretty nice area.

This property would be a great candidate for someone looking to buy their first home and an investment at the same time because they could live in one side and rent the other.  Click Here to see how little you would pay if you lived in one side and rented the other.

Go to RENTOMETER.COM to verify the estimated rents that could be obtained on this property or another property.

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FIXERS… FIXERS… FIXERS….

4207 Casa Blanca Lane, Carmichael is a Bank Owned/REO that is in need of some repairs.  I’ll let the video speak for itself, so Click Here for that.   Click here for the potential cash flow numbers based upon their asking price + the costs of fix up and improvment.  It’s listed at $153,000 and just came on the market on April 6th.

6808 Trovita Way, Citrus Heights is another Bank Owned/REO that is listed at $179,000 which had a quick offer that went into escrow,  but quickly fell out again and is back on the market.  Like the property at Casa Blanca, this one needs some work as you’ll see by clicking here for the video. Here’s the estimated Cash flow figures that I’ve prepared. Please keep in mind when you look at those figures that I’m adding about $30,000 in additional costs on top of the list price to give you a better idea of what it’s real cash flow figures would be.

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Come back here from time to time to get updates if you are looking for an investment like this or you can sign up for the RSS feeds.

Make it a great day….

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

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You Can Fix it Up Using the FHA 203k Plan.

Check out this article that Barbara put together.

http://barbbenderrealestate.com/2011/03/04/what-is-a-fha-403k/

When you get to her site, be sure and check out the videos of several nice homes in our area.

Click here to see her video channel

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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