As promised.... Here are the pictures of our Bus (aka Van) tour! This tour focused on homes under $150,000 in non-battlezone areas. We wanted all the homes to be in areas where you would feel safe visiting at night. Although there was a debate on the bus about one home in particular in North Highlands. Some Investors were fine with the area.I personally would take a portion of the estimated cash flow of $922 (it was a duplex) and invest in a property manager!
Nothing like some donuts and Starbuck's coffee to get the morning started!
This one was a cute little home in the south Natomas area.
It needed paint and carpet and it was ready to go!
It had "good bones"! Large back yard, large living space and kitchen and backyard patio with huge backyard.
Estimated cash flow for the Sacramento Investment Property: $ 384
This property was a duplex in the North Highlands area. Both sides had 2 bedrooms/1 bathroom and a 2 car garage for each unit.
The estimated cash flow for these untis would be $342!
This home was most Investors favorite. Whoever owned the home must have been a tile contractor.
This cute house in Foothill Farms was cover in custom tile. The kitchen had brand new cabinets and granite countertops.
The only thing this home needed was a general cleaning and it was rent ready.
With a purchase price under $150,000 and an estimated cash flow of $279 a month, I would be surprised if this home stays on the market long! In fact our group put an offer in on this one!
This one was my favorite. It was on a corner lot and had RV access from both sides.
This was one of those homes that needed some love but immediately made you feel good when you walk in the door.
Again, another home that just needed carpet and paint before you could move in a renter or a rent-to-own client.
Estimated cash flow for this one is $371 a month.
We bought those who wanted to "hang out" after the tour lunch.
Keep in mind that I mentioned most of these homes just needed carpet and paint! BUT a home inspection had not been completed so other repairs may be necessary.
We are scheduling another tour in 6 weeks! If you would like to attend, please call Erin at (916) 687-6868 ext.2 to register.
By the way, cash flow was based on conservative rents for the area and the Investor putting 20% down.
Join us for our next tour! It is a great wasy to visit parts of Sacramento you might not thought to look at! Socialize and network with other Investors currently looking in the Sacramento market with similar investment plans.
This Blog by:
Team Newington
Sacramento Mortgage Planners
(916) 687-6868
www.SuperiorLoanTeam.com
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