Realty World – Your Property Source

They did some good things…   But I think they could have done just a little more.

The property I am talking about is a Duplex that was “Bank Owned” and in need of some “fix up” and located at 2324 Camino Gardens, Carmichael, Ca.  

I previewed this property for a prospective investor and we did in fact make an offer on it.   We were out bid and now this property is back on the market.   It closed escrow on  December 15, 2011 with the reported Sale Price of $161,000.00.  

Fast foward to today and the folks that own it now have placed it back on the market.  I got the notice of a new listing in an MLS update and decided to take a look.  I wasn’t really sure if this was one of several Dupelxes on this street that I had seen recently or not and you’ll notice I mention that I’m not sure…

Anyway, when I got back to the office that day I did find the “before” video so you’ll get to see both what they started out with and how it ended.

Here’s the “before” video

Here’s the “after” video – 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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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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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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