Check My Ed’s Hot Picks Page – Investment Real Estate Deals..!

 

PRIDE OF OWNERSHIP TYPE INVESTMENT REAL ESTATE CAN CASH FLOW:

I’ve posted some new prospective Cash Flow opportunities to the Ed’s Hot Picks page that you might want to check out.

An Interesting Nine Units

One of them is a 9 unit property that I has been on the market for a long time and recently went into foreclosure so you’d better hurry.  

This property consists of two parcels.  A notice of default on one of them was filed in April and the other one just a few days ago, so the clock is ticking.  Call me for more information – 916-203-1260.

Financing if you need it will be an issue, especially on the 6 unit parcel.

A Duplex that could be owner occupied on one side.

The other property that was recently added is a duplex in a nice part of Citrus Heights, that is a 3 bedroom 2 bath on one side and a 2 bedroom 2 bathroom on the other.  The notice of default on this one was filed in April, so this one is getting down to the wire. 

As I have said in earlier posts…  I don’t always post these deals here, but if you check the Ed’s Hot Picks page I do update it a lot more often.

 

In the mean time…?

 

MAKE IT A GREAT DAY….

Roseville Four-Plexes – Got Some Ca$h Flow

July 14th – about 8:45 PM

 

Bread and Butter Four Plexes with Cash Flow Potential:

 

If you are a return visitor here you probably have not seen too many Four Plexes on this site that I have analyzed.  If this is your first time here because you are looking for an investment, I hope you find the information here useful and informative.

 

I may not post a daily entry to this blog here, but I will update this site at the ED’S HOT PICKS page frequently.   If you go there now you will find two potential Four Plexes listed under Roseville that I have provided Cash Flow analysis estimates.

 

I am very familiar with this area.   These Four-Plexes are what I call a Bread and Butter type investment… meaning they don’t have a lot of amenities such as central heat and air, individual laundry hook ups, fireplaces or sometimes even a dishwasher.

 

However, they are located in Roseville surrounded mostly by single family homes.

 

Both of the properties that I analyzed need some work on the curb appeal and the usual interior fix up.

 

If you are a long term investor and like to fix up properties and upgrade them, there have been other investors in the area that have done just that.  I’ve seen them add Central Air, upgrade landscaping and provide covered parking all of which does help to get a better quality tenant.

 

Bookmark this site and come back from time to time to see new postings on ED’S HOT PICKS

 

In the mean time…?

 

MAKE IT A GREAT DAY…!!!

The 1031 Tax Deferred Exchange is still around

 

Now’s the time to “Move Up”…? 

I got a Newsletter from Leonard Spoto of  Asset Exchange Company that I thought I’d share with you.

If you’d like more information regarding 1031 tax deferred exchanges, then check them out here and down load articles that will probably answer most of your questions. 

What follows is a part of their most recent “newsletter”.   I hope you find this useful and informative.

 

Trading Up in Today’s Market

 

Many of our clients are taking advantage of the turmoil in the real estate market by trading up. The theory is simple: a declining market favors investors who are trading up because the higher the property value, the greater the decline in real dollars assuming both properties are declining at the same rate.

 

There are also a lot more buyers who can come to the table with a 20% down payment on a $500K property than a $1MM property. Bernard P., a recent Asset Exchange Company client acquired his first commercial building after selling a $550K rental property in South San Francisco. Asked the motivation for his trade his answer was simple “there are great deals out there right now on the big stuff and we had plenty of interested buyers for our sale property. The time was right to trade up.”

 

Trading up with a 1031 Exchange also allows you to keep all of your money working for you. Taxes on the sale of an investment property can be as high as 1/3 of your total gain. But by entering into a 1031 Exchange before the close of escrow on the sale property, those taxes can be deferred (and possibly avoided altogether) allowing investors to get maximum value out of their real estate transactions.

 

 

 

Real Estate – An Hedge Against Inflation

 

Depending on which economist you read you may be inclined to believe that the US is headed towards an inflationary economy. The theory is that because the Fed and it’s counterparts around the world have been printing money to combat the global recession, inflation is a natural consequence. If you buy into this argument, you may want to consider investing in real estate as a hedge against inflation.

 

With real estate, if you have a low-rate, 30-year, fixed mortgage, your note will become a thing of beauty as prices rise:

 

– Your property value will rise

 

– Your rental income will rise

 

– Your mortgage payment will remain fixed

 

– You will repay the loan with cheaper dollars

 

There is plenty of disagreement, of course, among top economists regarding inflation. Some argue that with unemployment figures at a 26 year peak and plenty of idle factory space, rising prices in the near term is not a concern.

Real estate investors need to remember however, that a hedge against inflation is just one of the many benefits of investing in real estate.   Frequent readers of this newsletter will note that we often discuss the numerous tax advantages to owning real estate including:

 

– Ability to depreciate real estate hence reducing (or eliminating) your reportable taxable income from the property

 

– Ability to write off expenses

 

– The mortgage interest deduction

 

– The ability to sell real estate and either avoid and/or defer the payment of capital gains taxes

 

One thing for certain is that plenty of opportunistic investors are finding value in today’s real estate market.

 

 

Contact Leonard for more information regarding your 1031 exchange at Leonard_Spoto@mail.vresp.com and tell him Ed Favinger sent you.

 

 

Make it a great day…!

Tips for Maintaining your Property

Good Morning Folks…   

It’s another great day in paradise….!!!  Why do I say this… ?   It’s because any day I wake up “north of terra firma” is another great day to celebrate…   you never know when it’s your turn to “check out” as they say.

While the focus of this blog is to help folks invest in real estate… especially multi-family homes like Duplexes, Four-Plexes and Apartment complexes.. I do like to give you information that comes my way time to time from other sources…

I’ve posted some links below regarding the Maintenance of Decks, Patios and a link about Kitchen counter tops.  I hope you find them useful and informative because improving and maintaining a piece of real estate is something an investor or homeowner should never over look or defer.

 HERE THEY ARE:

Maintaining Your Deck  – great article – I’ve got a Court Yard deck in front of my own place that is 5 years old, but doesn’t show it when it’s maintained right.

Concrete Patio or Driveway Maintenance

Kitchen Counter Tops

If you have any questions or would like me to refer some professionals to assist you in any kind of a project drop a note my way or just call me… favinger@rwnetwork.com   916-203-1260

In the Mean Time…?

 

MAKE IT A GREAT DAY..!

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

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…?

 

MAKE IT A GREAT DAY

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…?

MAKE IT A GREAT DAY

Secrets To Buying a Bank Owned/REO Property

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.  They have both been on the market for quite some time.

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…?

 

MAKE IT A GREAT DAY

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…?

MAKE IT A GREAT DAY