Realty World – Your Property Source

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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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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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

________________________________________________________

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

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Image via Wikipedia

Lots of Pending Sales – Not Much Really on the Market – Info Sorted by Zip Code

I’m currently involved in a couple of transactions that are  Short Sales and Bank Owned/REO Duplex properties.   As part of the process I’d like to keep the folks I work with up to date on the most recent sales data.

So in the course of gathering this data for them, I thought I would share it with you here.

I’ve prepared a spreadsheet in a PDF format that you can down load.   The information is sorted by the  zip codes of my preferred areas first and then by their current status:  (A) Active for Sale Now, (A.S.S) Active Short Sale, (A.S.C), Active Short Sale Contingent – offer pending approval of short sale lender, (Pend) Pending Sale/in escrow, (Sold) Sold and a closed escrow.

If a zip code area you are interested is not shown and you’d like more information about that area, drop a note to me. My email address is below.

Click Here for your copy of the PDF Report.

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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