Sacramento & Rancho Cordova Duplex Investors – Heads Up…!

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The Way You Manage Your Duplex Will Determine The Rent Return & Appreciation Down The Line

Over the years since I’ve been writing here,  I’ve discussed Investing in Sacramento Duplexes for sale.  Other areas with great potential are Citrus Heights, Carmichael and Rancho Cordova with a lot of neighborhoods of Duplexes that come up for sale from time to time.

While in many respects Duplexes have the same amenities as a Single Family home, they are for the most part properties occupied by “non-owners” called Tenants.

An Investment Property like a Duplex has to be managed correctly to get the most value out of your investment in the form of higher rents and of course at re-sale increased appreciation.

I’ve got a little slide show that I would like to share with you.   This is one of my pet peeves – the lack of proper management and allowing Tenants to do what they want with your Investment.

What is my pet peeve…?   Parked cars on the front yard grass.    See below.

 

What do you think…?

If you are thinking of buying a Duplex in the Sacramento Area, think about managing it as well.   Good management will make you money.     Check out our Property Management Company.

 

In the Mean Time…?

Make it a Great Day…!

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

Folsom Ranch Update – Mixed Use Project on the Horizon

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Multi-Family Homes are Included Too…!

I thought I’d pass on this article about the South of 50 Development, Folsom Ranch.   It looks like we’re going to be seeing some serious changes South of 50 real soon.Folsom ranch mixed use site

We need multi-family homes and those are listed as part of the potential development.

Click Here for that article

I’d be curious to know what you think.   It looks like Folsom is going to grow and it will be interesting to watch.

In the Mean Time…?

Make it a Great Day…!

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

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Home For Sale Roseville – Across The Street From a Park

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Location – Location – Location.

This awesome home for sale in Roseville with a great floor plane will come on the market very soon and it’s located right across the street from Pineschi Park.

Repairs are currently under way as I write this and when they are completed you’ll want to get  in for a look as soon as possible because it won’t last long.

Those repairs will include new paint, new laminate flooring, updated counter tops in the Kitchen along with new Kitchen appliances.

Some new landscaping in the rear yard will also be included.20180602_112959

 

The particulars on this Roseville home for sale are:

  • Located at 9466 Highland Park Drive
  • 3 bedrooms, 2 bathrooms
  • 1822 Sq Ft – Built in 2004
  • 3 car garage
  • Updated Hall Bathroom
  • Jacuzzi tub in Master Bathroom.
  • Directly across the street from the park.
  • Short distance to shopping, restaurants and entertainment

This home would make a great rental as well.   Click Here for a Rental Survey.

Come back to this site because we’ll monitor the progress with “Fix Up Video” updates and post them here as well.

Or… if you like to get onto our update list and watch the progress, we’ll email it to you.   Please email Sharon Kulbacki, sharonkulbacki@yahoo.com,  or me, Ed Favinger, favinger@rwnetwork.com and we’ll update you as we go along.

In the mean time…?

Make it a Great Day..!!

Ed Favinger, Broker, CRS, GRI, SFR, CDPE   916-203-1260

 

 

Update – A Report of Two Sacramento Duplexes For Sale

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Sales Prices Up – But Rents Are Up Too…!

We recently listed a couple of Sacramento Duplexes for sale.   It’s amazing how quickly they seem to sell now and for what appears to be a never ending spiral upwards in Sales Price highs.

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9143-9145 Tuolumne Drive, Sacramento, Ca, 95826.   Tuolumne

3 bedrooms 2 bath each side with updated interiors.

Listed at $399,000  –  We had multiple offers with the new buyer that is excited to be Closing Escrow today at $410,000.

Oh and this was a Cash Offer with no financing involved.  We added a picture of the property to the right here.

 

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2347 – 2349 Imran Drive, Sacramento, Ca 95825

This Duplex was configured as a 2 bedroom 2 bath with a 2 car garage on one side with the other side being a 2 bedroom 1 bath 1 car garage.   The owner on this one had purchased it at the top of the market back in 2004.

With values finally reaching a point where he could sell without having to come to the table with money at the close of escrow, he took advantage of today’s market and moved on.

Listed at $400,000 – Closed escrow at $395,000

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6041-6043 Rye Way, Carmichael, Ca 

PENDING SALE  – This Carmichael Duplex is a 2 bedroom 1 bath units on ea side with one car garages

Now Listed at $355,000 –  We had this one listed originally at  $340,000, with multiple offers.  It was taken off the market to make needed pest control repairs after inspections revealed a termite infestation so bad the property had to be “tented”.

After the work was completed it was put back on the market and is now currently in escrow with a full price CASH OFFER.   It was also a multiple offer situation.

If you haven’t heard, there’s a short supply of Duplexes for Sale in Sacramento.   If you own a Duplex in the Sacramento Area and you are thinking of Selling, now couldn’t be a better time.

Investors are looking for properties like yours.  Let me show you how to get the most out of your investment.   If you’re a Prospective Buyer/Investor looking to get into the Duplex market or any other kind of Residential Investment, please call or send a text to me at 916-203-1260.

You can also drop an email my way to:   favinger@rwnetwork.com

In the Mean time…

Make it a Great Day…!

Ed Favinger, Broker, CRS, GRI, SFR, CDPE

 

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Rents Are Up In a Good Market and are Up in Down Market..!

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You’d think the opposite would be true but it’s not.

It’s amazing  when you think about it, but after watching the video that I’m going to post below, I realized these guys are right.

When the Real Estate Sales market is “hot” rents go up.   But, even in a down turn, the rent rates still go up.

Messrs Brian Stevens and Frank Garay are a couple of loan guys that do a lot of video updates about the Real Estate Loan market, Real Estate Sales and about some of the “inside baseball” stuff for those of us in the business.

Our Property Management company is now leasing up Units in Apartment complexes, Duplexes and Single Family Homes for record high rental amounts and many times with “multiple applications”.

So after taking a peek at their video that I got today,  I thought I’d share it with you because their conclusion about rents going up in good and bad markets is something I had not thought of.

You can skip the beginning of the video if you want to and go to the 3.43 minute mark to see their presentation that includes an interesting graph to make their point.

If you are thinking of Investing in a Residential Rental property such as a Duplex or a Four-Plex, a Small Apartment complex or even a Single Family home….?

Then, call me at 916-203-1260 or drop a note my way at favinger@rwnetwork.com.

I’ll bring you up to speed on our local market with comparable sales information and also what you can expect to earn in rents.

In the Mean time…?

Make it a Great Day…

Ed Favinger, Broker, CRS, GRI, SFR, CDPE        favinger@rwnetwork.com

 

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3d render image of houses with graph growing

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Overflow of Multiple Tenant Applications Since the Start of the New Year.

If you are an investor in the Sacramento Residential Investment Market and have been actively looking for something to buy,  you know there’s been multiple offers presented on a lot of the inventory here.

The reason is simple… not enough supply.3d render image of houses with graph growing

While that is frustrating for some investors who are looking to get into the market because the economy here is good,  if you’re a renter….?

You’ll notice that rental rates have gone up for the very same reason and that you aren’t the only ones applying for the same place.

Our Property Management Company has experienced a serious up tick in rental applications on our available properties that started the day after January 1st.

Since  we specialize in  Sales & Management of Duplexes and Four-plexes for sale, Small Apartment buildings  and of course sales of Single Family Homes,  please call me at 916-203-1260 or drop a note my way at favinger@rwnetwork.com.

If you want to get into the Sacramento Residential Rental Market you could not pick a better time.

I’ll help find the right deal for you and since we manage these investments we know what income you can reasonably expect to get.

Maybe we can find something like the one below.

4 bedroom home in Natoma Station

184 Elkins Circle, Folsom – A nice 4 bedroom home in the Natoma Station Neighborhood

 

In the Mean Time…?

Make it a Great Day…!

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Note to You Bay Area Investors – You Get More Units for the Same Money in Sacramento

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Check out this article to see what I mean.

A recent apartment acquisition here resulted from the sale of 10 units in the Bay Area and doing an exchange into a total of 85 Multi-Family units.

Basically the reason why this investor made this move is because you get a lot more units with a lot more upside and cash flow when you invest in Apartment units in the Sacramento area

Modern apartment buildings on a sunny day with a blue sky

 

Click Here for that Story

 

So if you’re a Bay Area Investor with property you’d like to sell and exchange for more units in the Sacramento Area, you’ll be joining a few others that have done the same thing.

If you are worried about Property Management because we are a couple of hours drive away from your home, rest easy.   Our Property Management Company, Haven Properties is here make your life easier as an investor.

Call or Text me at 916-203-1260 or send an email to me at,  favinger@rwnetwork.com.   Let me help you take advantage our Rental Investment market here in Sacramento

In the mean time…?

Make it a Great Day…

Ed Favinger, Broker, CRS, GRI, SFR, CDPE

 

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Sacramento Duplexes for Sale – Sometimes They Need a Make Over…

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Don’t Be Afraid to Invest in Fixing Them Up.

I know some investors, especially new investors, would like to purchase a Duplex for sale here in the Sacramento area but get discouraged and hesitant after they’ve seen a few of them.    The reason it seems, is they need a lot of work to bring them up to a decent condition because most of them are over 30 years old.

There are those Sellers that have done very little, if anything, to improve them much less keep up with the ongoing maintenance.   This isn’t always the case but it’s pretty common.

Those Sacramento Duplexes for sale that are updated/upgraded get top dollar with multiple offers in most cases.    People forget that construction just about stopped completely in 2008 and continued up until just recently when builders finally ramped up construction of new homes.

What they haven’t built here in large numbers for many years are “Duplexes”.

Since they haven’t I believe there’s a major opportunity for the smart investor.  It’s true even if you are a beginner in Residential Rental Real Estate such as Duplexes.   Why…?   Because Rents are on the rise with the increase in population and not enough housing stock.

There are many good deals out there in my opinion but you have to also be willing to update/upgrade a unit to make it work.   These are long term investments and my advice is to fix them up.

I have a great example here for your review.    We recently closed a Duplex deal at 10823-10825 Alicante, Rancho Cordova.   We kept the tenant on the left side, cleaned up and enhanced their landscaping front and back to add some utility value.  We did raise their rent about $200 more per month because they were not at market.

On the right side…?   Well we did a “make over”.

Below I have two videos that I did for the owner who contracted with one of our vendors to fix up the right side.   One is a “before” video and the other one is the “after”

The first one shows how it looked before… I am narrating and describing what I’m suggesting he do to get it rent ready.

Below is what it looked like BEFORE….

 

Below is what it looked like AFTER…

 

Let me know what you think.   We had a duplex close escrow just around the corner for $320,000 and it was in worse condition than this one here.

If you are hesitant about purchasing a property that needs work and you live out of the area…?  If you purchase through me, I’ll help you run the project at no extra cost and send you updated videos as the progress occurs.

We then will also manage your investment through our Property Management Company, Haven Properties.   We’re just a telephone call or text message away from helping you find the right investment.

In the mean time…?

Make it a Great Day…!

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

 

 

 

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A New Sacramento Area Duplex for Sale – 1st Day on the Market

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Duplex for Sale in Rancho Cordova – The “sleeper area” for Residential Investment.

 

We’ve just listed for sale a Duplex located at 2740-2742 Don Juan, Rancho Cordova.

Both units have central heat and air, 1 car garages with laundry hook ups in the garage.   One side is a 2 bedroom 2 bath unit and the other is a 2 bedroom 1 bath unit.   The 2 bedroom 2 bath unit has a fireplace.

This property is in a nice area of Rancho Cordova and along this street are mostly single family homes.   20170828_155708There’s a well maintained gated apartment complex adjoining this property.

Click Here for a proforma cash flow analysis.   Rents for a 2 bedroom 2 bath unit should rent for up to $1,350 and a 2 bedroom 1 bath unit is at $1,200.

Call me at 916-203-1260 for more information about this property or any other residential investment in the area.

We also do Property Management, so if you are a new investor, call us and we’ll let you know what we can do for you.

In the mean time…?

Make it a Great Day…!

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

 

 

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Residential Investors Get Better Returns with Sacramento Duplexes.

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Maybe the Sacramento Area is the “Next Big Thing” for Residential Investing.

I’ve always liked Sacramento Duplexes because I know you get a better return on your investment.   If you didn’t know the rental investment market is pretty strong right now.

I got this article from BIZNOW and thought I’d share it.   If you’re a Residential Real Estate investor with concerns about keeping your residential investment occupied with good paying tenants, when you read this article you’ll have a better idea of how long the “renting trend” might last.

CLICK HERE FOR THAT ARTICLE

As I said earlier, I like Sacramento Duplexes as an Investment because they have the amenities for the most part that Single Family Homes have but give you a better return on your investment.

We’ve recently closed several Duplex deals with no problem raising rents up to market for better returns without too much in the way of additional fix up/upgrade expense,  although there will always be some.

Click here for the Street View of a Duplex we recently closed escrow on.   Each side is a 2 bedroom 1 bath with a one car garage.   The right side rented at $900 and the left side was Vacant.   The new Owner did do some landscape work in the rear yard by adding a 12×12 paver patio to add some extra “Utility Value”.   This small enhancement creates more living area to enjoy the back yard.

The roll up garage door did not have an opener and there was no dishwasher included either.  The tenant had to bring in their own refrigerator as well and furthermore has to maintain the front and back yard landscaping as part of the deal.   This Duplex unit did have Central Heat and Air though so we were able to lease it up for $1,150.00 to a well qualified renter.

If you’re thinking of Investing in the Sacrament area please contact me today.   We’ll help find the right investment for you and we can provide 2nd to none Property Management.

In the Mean Time…

Makt it a Great Day…!

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

 

 

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