Some Interesting Deals If Cash Flow is Your Goal

June 17, 2009

Rancho Cordova – The Sleeper Area for Investors :


While out and about I came across a couple of what I call “suspects” that could be potential money makers.  I drove by both of these properties on June 15th and I think one of them has just been reported sold before I could post it here.


Check them out and you’ll see why I like these.  Click on the addresses for a couple of pictures and an attached “pro-forma” cash flow analysis.


10413 White Rock Road, Rancho Cordova – Great numbers only on the market a couple of days – Shows Pending sale as of today.


10754 56 Capana Rancho Cordova– Located in an area of Pride of Ownership single family homes on a large corner lot.  Click here for a VIDEO of the area around it.


One of these is what I call a “bread and butter” type investment and the other one is what I call a “coupon clipper”.


Let me ask you…   Are these numbers pretty decent…?   They include taxes, insurance, management, some repairs along with the water sewer and garbage.


I think the Sacramento area is the “place to invest”…  Am I wrong…?


Make it a great day…!


Bank Owned Duplex out of the “Shadows”…..

This One Has Been “Sandbagged” until now

Here’s a Duplex that has been in the Bank’s hands for a while now that has finally come on the market.  Our team has represented a Bay Area partnership in the purchase of two duplexes in this great neighborhood within the last couple of months.

In addition,  after they purchased their duplexes our property management company was hired to “lease up” and manage them, so we know the area here well.

In addition another Bay Area Investor purchased a duplex close by and hired our Property Management team to handle the “lease up” only of her vacant units.

I have provided for you a “proforma” cash flow analysis of this Duplex located at 7937 Tangors Way, Citrus Heights, Ca.

See Below here for videos.

Click here for a Video of the “Street Scene”

Click here for a Video of the 3 Bedroom 2 Bath side

Click here for a Video of the 2 Bedroom 2 Bath side

I don’t think this one will last long.

Make it a great day

Is this still a Buyer’s Market…?

Not when you have multiple offers….

I plucked this story from the Sacramento Bee this morning and it just reinforces my view that the market has changed.  Click here:  Fewer homes listed this spring in Sacramento area.

However, when you read through the story the various sources talk about the inventory that is not out there right now.   We in the business call this the “Shadow Inventory”..   The Shadow Inventory are the real estate holdings that the banks have already foreclosed upon, hold title to,  but have not “released” for sale yet.

I know of several Duplexes that have been returned to the banks and are now what we call REO’s.  They have been in this status for over a month now.  Why are they waiting to put them back out there for sale…?  I don’t know.

In addition to the SacBee article.. I plucked out this article which didn’t have the Sacramento Region listed in this report.   RealtyTrac: April foreclosures rise 32 percent

Bottom line is that in addition to the upcoming heat wave this weekend, when you have 10-12 offers on a piece of real estate, that represents anechdotal evidence that the Seller is going to have a little more of an advantage.

This will be the status quo until the anticipated flood of new Bank Owned/REO properties finally hit the market here.


Fast Selling Duplexes – on Market Just Days…

Cash Flow Investments are going Fast..!

On May 7th I wrote about 3 duplexes that I thought were great deals.   If you missed my last post here are the 3 properties:

10414 South White Rock Road, Rancho Cordova, Ca 95670 – Pending Sale – On Market Just 6 days

6335 Sorrell Court, Citrus Heights, Ca 95621 – Pending Sale – On market Just 6 days

5006 Sunshine Lane, Sacramento, Ca 95841 –  Back in Escrow 4 days after I posted it on my Blog here.  This one still has a chance of falling through since it has already a couple of times.

If you are looking for a CASH FLOW investment…  Come back here again soon and I’ll some more information and prospects posted.


In the mean time…?



Bank Owned Duplexes – Come & Get ’em….

Some of the best I’ve seen in a while !!

Hey you investors…    I’ve found some decent Bank Owned Duplexes that are all unique and very much worth the time to pick up – one maybe even a “flipper”

I’ve got two Bank Owned Duplexes have just come on the market and one that has been for sale for quite some time.

I have previewed all of them and have put together some information including pictures.   Click the links below and you’ll pull up a PDF file with my projected income and expenses.

10414 South White Rock Rd, Rancho Cordova, Ca 95670 – 3 Bedrooms 2 Bath on each side – Court Yard entries and each unit has recent updates in the kitchens and bathrooms.   Mirrored Closet Doors in the Master Bedrooms and Sliding Glass doors to the rear yards.  Listed at $124,839 – I know this is going to sell for much more.  These units are just about “rent ready”…  The Bank knows this and this will have “multiple offers” for sure….

Other than maybe some painting and general cleanup, the only major problem I see is part of the roof system.  The area over the bedrooms is a “flat top” type that is leaking in one of the back bedrooms.  I estimate it can be fixed for about $7,000.   I’m a part owner of a duplex with a configuration like this and that is what it cost us about 2 years ago for the same problem.

I like Rancho Cordova…It’s a sleeper area with a commitment to community preservation.  Lots of new construction going on around this area.  Elementary school is just down the street.

Here’s my attempt to do a “video”.. Click the links below to see video of each side.

10414 South White Rock Road, Rancho Cordova – “left side”

10414 South White Rock Road, Rancho Cordova – “right side”

6335 Sorrell Court, Citrus Heights, Ca 95621 – This is a nicely located Duplex on a Cul-de-Sac street that is right off of Zenith and Antelope Roads.  Neighborhood shopping is very close by along with access to Hwy 80.  Great commute location for either Roseville/Rocklin or Sacramento.  I’ve run the comparables and they go for about $175,000 in this area.

The back yards are huge with little or no landscaping…  I think this is one area many investors put a low priority on.  Some landscaping here would be a great inhancement for this property.  Inside…?  They aren’t bad.. paint.. carpet.. cleanup.. = Rent Ready…   Roof is good shape…

Here’s an old favorite below here that has been on the market for a long time… it’s been in and out of escrow I think a couple of times.  It has my special “designation”…. a “Beater”… in other words… a Fixer upper…  Check it out…!!

5006 Sunshine Lane, Sacramento, Ca 95841 – I’ve seen this one inside and it’s in need of some TLC as they say.  It’s Listed at $134,900 but I have the cash flow analysis at $115,000.  That’s what it should and probably would go for if some one came in with an all cash offer.   I estimate it would take about $20,000 to really fix this up nicely.  It’s in a great location.. kind of unique.. and it’s just around the corner from American River College.

I’ve got more coming.. come back later…

In the mean time…?


Secrets To Buying a Bank Owned/REO Property

They Call Me “Mr Ed”… The Best Darned Real Estate Blog Period

March 1st, 2009 4:37 PM

Sunday, March 01, 2009

Why it’s not always best to be the 1st one there.

Just a couple of days ago I posted the Cash Flow estimates for 2 duplexes in the area. If you go to: 10069 Nebula, Sacramento and 10390 South White Rock, Rancho Cordova you’ll get the figures.

The secret…? is that both of these properties have been in and out of escrow and when this happens in this market, I know it’s not because the Buyer couldn’t qualify.

In my opinion, a Buyer looked at the property more closely and after reviewing the condition and what was needed to bring it up to a “rent ready” condition, the price the Seller was asking is not what “the market” will pay. This is what has happened to both of those properties above.

If you are looking for an investment property such as, a Duplex, Four-Plex or Multi-Unit Apartment Complex, contact me for a quick “Cash Flow Analysis” and a “Comparable Market Analysis”. In addition to that, I’ll give you the “history” of this property, especially the recent history because if’your prospective property has been in and out of escrow, you’ll be able to make a much better deal.

REO/BANK OWNED Sellers and their Brokers hate it when a deal falls through and when this happens, the next deal will be at a lower price in most cases. The Banks and their Brokers know this…. AND NOW….? SO DO YOU…!!!

Call me at 916-203-1260 or just send an EMAIL my way. It doesn’t mater what kind of property you are thinking about purchasing, I’ll have the best analysis to help you make the right decision especially “the history”.

In the Mean Time…?