We will follow the progress of an Investor with “videos” starting from the day they 1st take possession until they finish and place it back on the market. A “video chronology” if you will.
We just closed escrow on a Duplex located at 2728-30 El Caprice, Rancho Cordova on Monday, Feb. 27, 2012.
The folks that bought this property plan on fixing it up, possibly renting the units up and then placing back on the market for a profit.
To follow our progress, we invite you to come back here from time to time and get our video updates.
So here we start with the first Video… the day we walked through on Monday the 27 after the close of escrow.
Now you’ll see some progress on the 2nd video that was taken today, March 1st, around 11:00 this morning. I plan on visiting this property at least 2 or 3 times a week until it’s completed and then placed back on the market.
I hope you find this useful, informative and hopefully kind of fun to watch.
In the Mean Time…?
Make it a Great Day..1
Ed Favinger, Broker, CRS, GRI, SFR 916-203-1260 favinger@rwnetwork.com
If you hear someone say the Real Estate Market here is dead.. Trust me, they are “mis-informed”..!
It seems just about every time I find a property a buyer I’m working with has an interest in, we’ve had to compete with other buyers to get 1st in line. 
A home we listed “for sale” at 2925 North Platte Way, Sacramento just last Thursday, has generated 5 offers…! This home is located in the North Natomas area where there has been a flood of foreclosures and short sales the last several years.
No matter, there was an offer on the property the next day after it posted on the Multiple Listing Service. Folks… this is nothing new and almost any Real Estate Agent or Broker in the area will verify what I’m saying here.
Even the rough ones, the “fixers”, are selling. You go back a couple of weeks ago to a blog post I made regarding a unique investment property over in the Fair Oaks area that had 23 offers…!
Bottom line…? If you are in the market now, chances are you will experience this for yourself… that is, having to compete against other buyers for the same opportunity. You might even have to bid on several properties before you finally get the right one. So don’t get discouraged. It’s just the market we’re in now.
Make it a Great Day…!
Ed Favinger, Broker, CRS, GRI, SFR 916-203-1260 favinger@rwnetwork.com
We’ve got units from Roseville, Sacramento, Folsom, Lincoln and Cameron Park.
We all of a sudden find ourselves with a few rentals available. Some have just been purchased by new investors and have been fixed up and offered now for rent.
All of these require a 1 year lease. Many, if not most, have new carpet, paint and come with landscape maintenance.
To get to our list CLICK HERE
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 something besides a Duplex or a Single Family Home, maybe one of these will work for you.
I’m not a real big fan of 4 plexes in this area because most of them don’t have the “amenities” that Single Family homes or Duplexes offer to compete for quality tenants and optimum rents.
There are exceptions of course so I thought I’d point these out to you, because they’ve both just come on the market.
I’ve got estimated cash flow projections for both of them.
I hope you found the above informative. If you’d like to know more about getting into the small apartment market drop an email note my way or call me. My contact information is below.
In the Mean Time…?
Make it a Great Day…!
Ed Favinger, Broker CRS, GRI, SFR 916-203-1260 Favinger@rwnetwork.com
