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An Approved Sale Rancho Cordova Duplex – A “Sleeper” Area

The Price is Right – Just Needs New Management & Some Repairs.

I was involved in a sale of a Duplex next door to this one.   There have been 3 recent sales in the area with new investors fixing these up.   This used to be an awful street of neglect.

That’s all changed in my opinion.   Click Here for the “proforma cash flow analysis”

By the way, we know this area because we also manage the duplex on the left side of this one.

This has been on the market for a while… just waiting for someone to jump on it.

Take a drive by there yourself and see what you think.   I think properties in the City of Rancho Cordova are a great investment.

Make it a great day…!

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


1st Quarter Sales Report – Duplexes in the Sacramento Region

You Want Stats… I got Stats…

I thought I would pass on the a couple of things here for your information.   As you will see on the Table below,  it looks like out of the 113 Closed Duplex Sales in Sacramento County, just a bit under one half of them are “cash deals”.   If you go back to my post in February, you will notice back then there were no FHA/VA deals.

The report below shows there were 17 deals that were FHA/VA financed.  Those by definition, are “owner occupied” transactions.   I think those buyers were making a very smart long term move.

Here’s the table.

If you’d like the list of closed sales for the 1st quarter I have in a PDF format.   Click Here for your free copy.

I hope you found the above useful and informative.   If you have any questions regarding the Residential Investment Real Estate Market in this area, please drop me a note here:   or call me at

Make it a great day…!!!

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

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The Free List Page Has Been Added

It’s all sorted by City

Been looking for a website with a list of Residential Investment Properties such as a Duplex, Four-Plex or Multiple Residential Apartments that you can browse at your computer?

You are now in luck.  If you go to Ed’s Free Investment Property List you will be able to check out what is available.

As of today it’s not a complete page, but I’m working on it and hopefully I will have it done in the next hour or two.   You can see what is there in the meantime, so book mark this page for future reference.

Don’t forget to check out Ed’s Hot Picks page for properties that I have already reviewed and prepared a “pro-formacash flow analysis for.

Make it a Great Day…!!!

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

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Cash Flow Potential – Bank Owned & Short Sale Duplexes – Citrus Heights

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 the building has had some issues, notably the roof.  

If you look at the pictures of the property, you’d never know.   She did say that an inspector did come out there and she was told that the roof would need some major work.   The owner has been unable to make the repairs so she’s been putting up with a leaking roof.   That’s why she said she was looking for a new place.

The property is located at 7130-7132 Grady Drive, Citrus Heights, Ca 95621.    Click here for a “pro-forma” cash flow analysis.  Keep in mind that these figues do not include the cost of a new roof, but even if it cost $10,000 to replace it, in my opinion, this would still be a decent deal in today’s market.    Click here for a Map Link to show you the major intersection that is nearby.   The City of Citrus Heights city hall, police station and lots of shopping are located about a mile away if that.  

By the way, I got an email from the agent earlier today telling me that this property has 2 loans on it.   She also said she had several offers coming in,  so we’ll see how that one goes.

The other one, located at 7542-7544Saint-Philomena Way , is a Bank Owned or REO Duplex that came on the market last October.  Since then it’s been in and out of escrow a couple of times and just came back on the market a coule of days ago.   I did a profile of it back then including a Palm Video.   

Make it a great day…

Ed Favinger, Broker CRS, GRI           916-203-1260             email me at:   favinger@rwnetwork.com

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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 REO deal is that,  while you get the property at a dicounted price, there will be that “as is” thing they insist on and with rare exceptions they don’t deviate from it.   You get these deals with the property vacant, which means you have to go in and do the “fix up” to get them in a “rent ready” condition.  If you want to see what an vacant REO/Bank Owned property can look like, go here.

Now even “Short Sales” are becoming a great deal because the banks are now more willing to complete them in a timely manner.   

OK… Why do I say Short Sales are Hot Too…?

Well, for starters, most of the time in a Short Sale the property is still occupied by Tenants.   The trick is to get one that has “rent paying tenants”.   However, even though the case may be they are not paying rent, this could be the result of  the tenants having been notified that a foreclosure is pending and they are holding funds in case they have to move.  Or… the current owner has just abrogated the responsibilty and is not even making an attempt to collect it.

Either way in most cases you can work a deal out with the existing tenants to have them stay.   Now keep in mind when an owner is in this situation, you will probably run into an old “deferred maintenance” issue that has been neglected by the current owner which,  if resolved by you, will go a long way in keeping the tenant there and happy to stay.

The advantage then of keeping the tenant there is that you will not have to go in and spend the extra “bucks” to re-rent the unit.  

And Finally.. the best reason to go after a Short Sale now is you still get the same “discounted” or “market price and that Lenders are beginning to approve them much quicker than in the past.    How cool is that…?

If you want a list of REO/Bank Owned & Short Sales…?

You’ve come to the right place.  I’ve analyzed both types and prepared “pro-forma” Cash Flow figures for each one on this page.  I’ve got videos too on some of them.   If you book mark this page, you will get updates as I go out and view these properties and post the information.

Make it a Great Day.

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

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