Profile of a “Flip”… I”ve Got Before & After Video

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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Rancho Cordova Duplexes for Sale – Short Sale & A “Bank Owned Fixer”

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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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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Renting out a Home In El Dorado Hills… Who Pays Which Utilities..?

Here’s the question asked by a buyer on Trulia.com     “If I buy and rent out a home (with a pool) in EDH who pays which utitlies – espcially the water bill? Are there any laws regarding this?”

Who pays for utilities has become more of an issue these days in our Property Management business.   There was a question asked by a prospective investor in the El Dorado Hills market as to who pays them.

If you would like to see what the answers that I and other professionals gave this investor, CLICK HERE…!

Make it a great day…

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

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New Fresh and Easy Store Coming to Folsom

It’s got a great location near Empire Ranch, Briggs Ranch and Willow Creek East Neighborhoods

If you have never heard of them… Here’s their website

FRESH AND EASY….

This new store should add some new vitality to this particular corner.   This is also the site where the Farmer’s Market is during the summer on Friday mornings.

Make it a Great Day…

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


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