Here are a couple of Duplexes that are both unique. One of them just came on the market about a week or so ago. I drove by to view the area and while I was out there taking pictures of the exterior, one of the tenants came out and we had a conversation. She likes the area, but […]
Buying Real Estate is a Patriotic Act – Especially Fixer-Uppers – See Why Below….
Why do I say that…? Because it’s true. I posted a story a couple of months ago about Mr. Philips and his inability to “qualify” for a decent loan because he is a “high net worth” investor that has “passive” income. Click here for the back ground story. In that story I wrote about the […]
Hot Bank Owned Properties – Sacramento – Cash Flow Opportunities
What About Short Sales…? They’ re Hot too. If you’ve been to this site before, you already know that I am a big fan of Duplexes… especially the “REO or Bank Owned” type because they are for the most part deeply discounted from their highs from years past. The dis-advantage to a Bank Owned or […]
Bank Owned or Short Sale Investment Property – Good Time to Buy – See Why Below
Have you ever heard of “Supply & Demand“..? If you are on still the fence about buying an investment property in the Sacramento Region, I thought I’d update you with a forecast from Marcus and Millichap that they came out with. They’ve analysed several markets all over the country. You can read the artcle yourself […]
Got Rough Credit, You Want to Rent, But No One Will Rent to You…?
Check out the Notes Below From a Property Manager & Landlord. Let’s start with some credentials I’ve been a landlord a long time now. This includes running properties that I have an ownership interest in and the Property Manager for other folks that either don’t have the time or inclination to deal with the day to day operations […]
January 2010 Duplex/Four-Plex – Closed Sales Report..!
Cash May Be King – But You Might Be Paying More I’ve put together the latest Closed Sales Report for the month of January 2010. As usual you’ll see there is a lot of cash floating around in the Sacramento County Duplex/Four-Plex Market. But… if you look at the statistics below the average List Price/Sales […]
New FHA Rules – Read em and weep…!
It seems they just don’t want to let the market recover… That’s my opinion. Click Here for the Update One of the big changes that will come into effect soon will be the limit on the amount of Closing Costs you can ask the Seller to pay. That means if you are a low cash […]
Nationwide Some Good News & Bad News & More Bad News… See Below
If you don’t get Yahoo News I thought I’d pass on a couple of articles Home sales rose in ’09 as prices plunged 12 pct. – Yahoo! Finance December home sales down nearly 17 percent – Yahoo! Finance My conclusion is that this market could be much better if the powers that be would just […]
What… Another Renter’s Market Story…? Old News…
Sacramento Bee’s Recent Update Here If you own a rental or are in the Property Management business, this is really old news. Take a look, they aren’t long reads. I’ll have more comment later. Home Front: Asking rents in Sacramento region retreat to 2004 levels – Sacramento Business, Housing Market News | Sacramento Bee Home […]
Technology and Today’s Property Manager
It’s Amazing How Much We’ve Evolved isn’t it…? Because every day it seems I’m checking out the Fry’s and Best Buy ads in the paper. I’m amazed at the prices for digital cameras and video “camcorders”. I can’t believe how little they cost anymore. I purchased my first Sony Digital Camera back in 2000 for […]
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