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They Call Me Mr. Ed – The Best Darned Real Estate Blog Period…!

I Have a Couple of Nice Duplexes for Sale…Not a Short Sale or an REO

Leave a comment Foreclosure / General / Investment Real Estate / Property Management / Real Estate Sales / Short Sales

In a Pride of Ownership Area too…!

6819-21 Trovita Way,    and    6924-26 Trovita Way – Both properties are configured with 3 Bedrooms 2 bath, 2 car garage and a 2 bedroom 2 bath, 1 car garage.

Listed at $269,900 each – An Exterior Video here of 6819-21 along with some pictures of the 2 bedroom side at 6821 Trovita.


For a “Pro-Forma” Cash Flow Analysis Click Here 

 MORE VIDEO BELOW…..

target=”_blank”>Click Here for a video of the interior of the 2 bedroom side of 6924-6926 Trovita Way.

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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Cash Flow Anyone…? I Haven’t Seen One Like This in a While..!

Leave a comment Foreclosure / Investment Real Estate / Property Management / Real Estate Sales / Short Sales

Somebody is going to jump on this one.

 

I think this is a “wow”…!   Because it’s a very unique and small apartment complex and located in a neat area with a mix of  Single Family Homes, Duplexes & one other small apartment complex on the street.   It’s Listed in a Price Range of $590,000 to $590,888.

The Neighborhood does show some pride of ownership with most of properties in better than average condition.

I’ve taken an exterior video of the property and immediate area.   Click on the Picture here to get a short exterior view of the property.

I’ve got the cash flow figures here and they look pretty darn good.  They do have one vacancy now.     By the way…  I did call the various agencies and verify most of these expenses… so what you are seeing will be close to “actuals”.

Click Here for the Pro-forma Cash flow Analysis

We manage two duplexes on this street and they are pretty easy to rent up.

Let me know what you think…!

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 Tenant Caused Problem That an Addendum Protects You From

3 Comments Foreclosure / Investment Real Estate / Property Management / Real Estate Sales / Short Sales

I’m talking about damage that installation of a Satellite Antennae can cause.

If you haven’t experienced this issue, let me inform you the law provides that you must allow a tenant to install a Satellite Dish or Antennae if he or she wants to.    

However, you as the Owner/Landlord have some rights.

You can dictate where they can put it and if the only area that you allow it to be installed does not give adequate reception, this is not your problem.

We recently had a tenant at one of our Esplanade condos here in Folsom  install a Dish on the exterior wall of the building which caused him to bear the costs of removal and the HOA fine.   He never got our permission to install it in the first place.

We had another tenant in a Single Family home here Folsom who decided to install a Satellite dish in the attic.    The contractor/technician that installed it damaged a brand new HVAC system to the tune of $1,500.   Guess who’s responsible for that…?

To eliminate any ambiguity as to who pays for the damage this issue might cause, we use the California Apartment Association’s  “Satellite Dish/Antennae Addendum” in all of our leases.    Tenants “must” get our permission to install a Dish or Antennae.

Using this form will put the responsibility on the tenant to maintain your property and not let them off the hook if they damage it by the installation of a Dish.

Just one more reason to use a professional property management company…!

 

Make it a Great Day…!

 

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

 

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Looking for a Pride of Ownership Duplex that will “cash flow”…?

1 Comment Foreclosure / Investment Real Estate / Property Management / Real Estate Sales / Short Sales

If you don’t want a “fixer” this might be what you are looking for.

This Duplex just recently fell out of escrow.   It’s a long story, but suffice it to say, it wasn’t the fault of the property.   In fact, the Buyer’s appraisal came in at the List Price of $214,500.

The former Buyer made some mistakes in obtaining her loan on time.   So when her time to close came and went with no loan approval, the Seller elected to withdraw from that contract and put it back on the market again.

So here’s your chance.

I’ve got a video below and if you want to see what the numbers look like, the “proforma cash flow” analysis is available if you  CLICK HERE.

 

 

If you have any questions regarding this or any other Residential Investment Property in the Sacramento Region, drop me a note or call me.

In the mean time…?

Make it a Great Day…!

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

 

 

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Hey look here… A 4 Unit & A 7 Unit Apartment Complex New on Market

Leave a comment Foreclosure / General / Investment Real Estate / Property Management / Real Estate Sales / Short Sales

If you are looking for something besides a Duplex or a Single Family Home, maybe one of these will work for you.

I’m not a real big fan of 4 plexes in this area because most of them don’t have the “amenities” that Single Family homes or Duplexes offer to compete for quality tenants and optimum rents.

There are exceptions of course so I thought I’d point these out to you, because they’ve both just come on the market.

I’ve got estimated cash flow projections for both of them.

I hope you found the above informative.   If you’d like to know more  about getting into the small apartment market drop an email note my way or call me.   My contact information is below.

In the Mean Time…?


Make it a Great Day…!

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

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