Category

RE Investing

Aug 04
0

What seems a crisis is also an opportunity…

By | Buyers, Financial news, RE Investing | No Comments

mirjamnew.jpg‘Mortgage crisis may prompt Fed to cut rates’ read more was an interesting article about a nice benefit of the current crisis in the lending industry. Should the Fed follow this advise we will see lower rates for ‘a-paper’ buyers.

Yes, the current crisis in lending will have a major influence in the current market, however, if you are an investor or are looking for a ‘good deal’, now is a good time to jump in and buy. With first time home buyers not being able to buy and keeping on renting, investment property will do well the coming years with better CAP rates than seen over the last years. Also the current glut of REO (bank owned) property gives a great opportunity for the sophisticated buyer. Since the purchase of a REO is not without risks, it might not be the best buy for the first time homebuyer, however they do make great opportunities for investors or even contractors who are not afraid and can deal with the risks involved. Just contact us for some great opportunities in Sonoma County.

Mirjam

Jul 20
0

SONOMA COUNTY Rents rise, vacancies slip

By | Bennett Valley, Buyers, Press Democrat, RE Investing | No Comments

Mirjam de RijkDenise had mentioned in before that you should Buy Buy Buy in Sonome County.

There was an interesting article in the Business section of the Press Democrat today:

“Rents inched higher in Sonoma County during the second quarter as apartment vacancies tightened, according to a report issued Wednesday.
The vacancy rate fell to 4.5 percent in the second quarter, down from 5.2 percent a year ago. The average rent increased to $1,140, a 2.6 percent hike over $1,111 a year ago, according to RealFacts, a market survey and investment services company based in Novato.
Apartments have been steadily filling up in Sonoma County, the result of job growth and the continuing housing slump. As home prices fall, more families are staying in apartments instead of buying a home while they wait for the housing market to level off. Even with the decline, most rents are still cheaper than monthly mortgage payments.Across the Bay Area, 3.8 percent of apartments were vacant in the second quarter, the same as a year ago. The average rent rose to $1,489, up 8.3 percent from $1,375 a year ago.
— Kevin McCallum”
This means good new for investors, with rents going up and the tremendous buyers market we currently experience. Time to ad to your Real Estate Portfolio. Mabye a duplex unit, they tend to have long term tenants so less overhead. Some examples in Bennett Valley: a duplex on Lyn Ct and one on Hilliard ct, both are cull de sacs of Hoen Ave. For more info, just contact me.

Mirjam