Sold on Sacramento

Archive for February, 2009

Sacramento Real Estate Investors Golden Pencil

Does that property pencil??

The Sacramento REO market a brought a keen group of buy and hold investors to town. Locating and purchasing an investment property can be complex, or it can be really simple. Depending on your plans and how many properties you intend to hold in your portfolio, you goals will differ.

Some of my clients simply want to buy a property that is distressed and damaged, bring in a crew rehab and hold it for maximum cash flow. Others are looking for higher end properties that are likely to appreciate faster on the next Real Estate cycle. The state of the economy and the direction of the current administration have some investors convinced that Section 8 is the ticket.

Regardless of what you long term goals are you will want that property to pencil. I use spreadsheet and software system to analyze the property. We can quickly adjust numbers to reach your goals. For example if you would like to reach a certain Cap Rate on a property we can use the numbers that are known and likely to be unchanged to determine the right purchase price.

There is a great amount of opportunity in Sacramento right now. We are expecting the banks to release more inventory this month. If you would like to join my preferred buyer’s network feel free to give me a call at (916)332-1292.

6706 Palm Ave. Fair Oaks, CA 95628

This is the hot property of the week! 6706 Palm Ave. Fair Oaks, CA 95628. This 3 bedroom, 2 bath house is in great shape. This one is not a REO or Short Sale, Listed at $189,000 it is priced right. This is a beautiful move in ready property close to Will Rodgers Middle School and Del Campo High School.

I cannot stress how clean this property is. If you would like to view this property or others I would be happy to assist you. Give me a call at (916)332-1292. Have a great weekend, Nate

Sacramento Schools and Real Estate Purchase

As a Sacramento area buyers agent I am aware of how important school scores are to young families. In real estate the old adage of “Location, Location, and Location” is still true today. However today we have to look at the entire package that comes with a property’s location. That includes schools and the community.

My cousin is the definition of super mom. She looks after her young kids and is highly aware of all of the factors that affect their education and upbringing. I was showing her some properties in Orangevale the other day and I asked her how she knew so much about each school. She was a walking encyclopedia knowing all about test scores, athletics, class size, and population. I was amazed that she had such a handle on vital statistics. So I had to ask where she was getting all of her information. She sited one resource that I have to share with you, GreatSchools.net

Great Schools highlights Sacramento area schools.

Great Schools has been at the top of the list for web sites that compile school data. They have an easy to follow layout and back up statistics with state averages so that you can get an idea of how the school looks from a statewide perspective. Great Schools won The Webby Award in 2007 for people’s voice.

If you are a young family thinking about buying real estate in the Sacramento area I would love to help make your dreams a reality. The market is great for buyers and interest rates around 5% have been common lately. Feel free to contact me at (916)332-1292.