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.
We need multi-family homes and those are listed as part of the potential development.
https://theycallmemred.com/wp-content/uploads/2020/11/NextHome-TheCallMeMrEd.png00edfavingerhttps://theycallmemred.com/wp-content/uploads/2020/11/NextHome-TheCallMeMrEd.pngedfavinger2018-09-26 16:41:022018-09-26 16:41:02Folsom Ranch Update – Mixed Use Project on the Horizon
Street is Mix of Single Family Homes & Large Duplexes
I haven’t seen a Duplex in this neighborhood come on the market in a few years. This area is a mix of Single Family homes and Duplexes.
We manage a Duplex on Hanks, the cross street. We’ve had the same tenants in there for the last 5 years, so I know the area is a stable and safe place to invest in.
Click Here for the Pro-Forma Cash Flow Analysis. Take a peek at the video below of the Vacant side. I think you’ll see it could use a little sprucing up but not much. Looks to be in pretty decent shape. Let me know what you think.
If you’re thinking of Investing in a Sacramento Duplex for Sale there are some nice ones on the market now. If you are thinking of selling your Sacramento Duplex , now is a pretty good time to do it.
Please Call or Text me at 916-203-1260… or drop an email to: favinger@rwnetwork.com
https://theycallmemred.com/wp-content/uploads/2020/11/NextHome-TheCallMeMrEd.png00edfavingerhttps://theycallmemred.com/wp-content/uploads/2020/11/NextHome-TheCallMeMrEd.pngedfavinger2018-08-08 17:44:162018-08-08 17:44:16A Nice Sacramento Duplex for Sale in a Cul-de-Sac 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.
The particulars on this Roseville home for sale are:
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
https://theycallmemred.com/wp-content/uploads/2020/11/NextHome-TheCallMeMrEd.png00edfavingerhttps://theycallmemred.com/wp-content/uploads/2020/11/NextHome-TheCallMeMrEd.pngedfavinger2018-06-04 14:24:282018-06-04 14:24:28Home For Sale Roseville – Across The Street From a Park
People Will Pay More Rent & That Affects Your Value.
If you’re thinking of buying a Sacramento Duplex, I’ve always told investors to not overlook landscaping and “curb appeal” as an important part of your investment. In addition back yard landscaping with patios, shade trees and privacy enhance your property and make it stand out when you have a rental competing with others and when you decide to sell.
We have such great weather in which a nice back yard adds an extension of the living area because your tenants will hang out there.
In other words a nicely landscaped property front and back will bring you more income and increase the value of your investment. This is true for Single Family Homes, Duplexes and even apartment complexes.
Take a peek at this graphic from the California Association of Realtors.
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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.
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.
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.
https://theycallmemred.com/wp-content/uploads/2020/11/NextHome-TheCallMeMrEd.png00edfavingerhttps://theycallmemred.com/wp-content/uploads/2020/11/NextHome-TheCallMeMrEd.pngedfavinger2018-05-21 15:09:562018-05-21 15:09:56Update – A Report of Two Sacramento Duplexes For Sale
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….?
https://theycallmemred.com/wp-content/uploads/2020/11/NextHome-TheCallMeMrEd.png00edfavingerhttps://theycallmemred.com/wp-content/uploads/2020/11/NextHome-TheCallMeMrEd.pngedfavinger2018-04-30 16:24:232018-04-30 16:24:23Rents Are Up In a Good Market and are Up in Down Market..!
If you are looking for a Duplex to buy in the Sacramento Region, then drop me a note via email or send me a text at 916.203.1260. I pick up the phone too if you decide you’d like to actually speak to a live person on the other end.
Let me help you find the perfect investment for you..!
In the meantime…?
Make it a Great Day…
Ed Favinger, Broker, CRS, GRI, SFR, CDPE 916.203.1260 favinger@rwnetwork.com
https://theycallmemred.com/wp-content/uploads/2020/11/NextHome-TheCallMeMrEd.png00edfavingerhttps://theycallmemred.com/wp-content/uploads/2020/11/NextHome-TheCallMeMrEd.pngedfavinger2018-03-08 21:38:382018-03-08 21:38:38Looking for a Sacramento Duplex for Sale…?
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
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
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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
https://theycallmemred.com/wp-content/uploads/2020/11/NextHome-TheCallMeMrEd.png00edfavingerhttps://theycallmemred.com/wp-content/uploads/2020/11/NextHome-TheCallMeMrEd.pngedfavinger2017-12-18 15:06:032017-12-18 15:06:03Sacramento Duplexes for Sale – Sometimes They Need a Make Over…
Check out this graphic from the California Association of Realtors.
Back Yard Landscaping is important because some of these people also rent as well. While this graphic applies to Home Buyers, trust me as a property manager and investor with 35 years of experience, don’t ignore the back yard for your renters.
A back yard with patios and landscaping is a cheap addition to “living space”. With the great weather we have here, it makes sense to give the people who rent from you more value don’t you think…?
So if you want more money from your rental investment, fix up the back yard and watch how much your tenants appreciate it because they will pay you back with higher rents.
Click here for a picture of the back yard landscaping of a Duplex we manage for an investor that took our advice. In a few more years the shrubs around this yard will provide a lot more shade, privacy and of course more value if they ever decide to sell.
That is because they get more rent then other properties like this that do not have this upgrade.
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