Join our Investment group for weekly hand picked investments sent to you


 

 October 9,2009

Hello East Bay Bank-owned Investment Group Members!
 
The Bank-owned market continues to heat up and competition is getting stiffer.  As a result, most well-priced homes are selling in under a week, with many going in just 1-3 days.  With this in mind, we think that it is imperative, for those of you who are actively looking, to have the most up-to-date information at your finger-tips.  To assist you in this process, we are previewing new listings daily!  We will view the properties and hand-pick the ones that best meet our specific parameters.  These parameters include; Aggressive Pricing, Solid Appreciation Opportunities, Low Vacancies, Future Salability Strength, High Cash-flow, and Strong Rental Features, ie: Good Location, Good Square Footage and Room Count, Functional Lot & Floor Plan.
 
Since we realize that some of you may not be able to view properties on weekdays, we are beginning a new process of taking photos as we preview these properties, so that we can provide you with additional data, upon request.
 
Even though inventory is low and the market is moving fast, there is still a steady flow of new Bank-owned Properties coming on the market everyday.  There are plenty of great deals available for everyone; it just might take a little work to find the one for you.  One big step toward getting your offer accepted is being in the position to pull the trigger quickly.  In many cases, we may only have 24-48 hours to write an offer and get it submitted, from time you become aware of a property.  So, once you identify a property that you are interested in, please be prepared to sign the contract right away, as any delays in this process will generally results in a lost opportunity
 
We will be emailing these properties to you with a “Simple Property Analysis” (the cash-flow numbers) included.  If you need a more detailed analysis, or would like to set a time to view a property, give us a call at (925) 584-8800.
 
Remember, our monthly fieldtrips continue to be one of the most efficient and valuable avenues of learning in this market.  If you are unable to join us for one of our scheduled fieldtrips and would like to have a private fieldtrip, we can accommodate groups of 3-7 people.  Give us a call for more details.

 

 

 

 


Best deals of the week


October 10, 2009

The following are active and or recent listings in East Contra Costa County.  As you are all aware, many of the "deals" are gone in a matter of days, so be sure to check in here on a frequent basis for updates.  Recent market changes include: Inventory reduction from 1,273 active listings to 236 listings , average sales prices have been increasing for four straight months.  This is the first increase in three years! Economics 101, supply and demand controls price!  I've included a quick, down and dirty Property Analysis on each of fthe following properties.  Remember, this is a simple analysis with just the bare bones numbers.  If you would would like a more detailed analysis including a Rental Survey, Vacancies, Depreciation, etc., or have the actual listing e-mailed to you, give me a call .

As always, education is the way to go!  Education will increase your cash-flow and decrease your liability.  Come join us at one of our monthly Real Estate Investment meetings.  There free, a lot of fun, and you will learn a ton of information and talk with other investors.

Our next Bank-Owned "Fieldtrip" is, October 17th, join us!

Click this link

Happy investing,

Eddie

584-8800

 

   


$65,000, 3 bed 1.5 bath Condo - Rent, $1,150


Property Address:  Antioch  
Purchase Price$65,000.00
Loan Amount$52,000.00
 
Mortgage Payment - PITI$428.00
HOA Dues$220.00
PropertyMnagement$100.00
Misc. 
Total Monthly Expenses$748.00
Fix up costs$10,000.00
Rent$1,150.00
Minus Expenses$748.00
NET MONTHLY INCOME$402.00
Positive factors to consider: Principal Reduction & Tax Deduction for Depreciation and Interest. HOA pays for Roof, Ext. Paint, Siding, etc.!
Possible expenses not included:    Vacancies, Repairs, Tax Liabilities
This spreadsheet should only be used as quick look at numbers.  
This scenario is based on 20% down and an Interest Rate of 6.25%.  
We are not CPAs, Tax Professionals or Financial Advisors, nor are we attempting to give professional 
advice in these areas of expertise. You are advised to seek the advice of these professionals
 

regarding any questions you may have before investing in Real Estate. 

 


$80,000 Single FAmily Home - 8-13-09, Great cash-flow & equity growth


Property Address:  Antioch Single Family Home, 2/1  
      
Purchase Price$80,000.00    
Loan Amount$64,000.00     
      
Mortgage Payment - PITI$517.00     
HOA Dues     
PropertyMnagement$100.00     
Misc.     
Total Monthly Expenses$617.00     
Fix up costs$10,000.00     
Rent$1,150.00     
Minus Expenses$617.00     
NET MONTHLY INCOME$533.00     
      
      
      
      
Positive factors to consider: Principal Reduction & Tax Deduction for Depreciation and Interest. 
      
Possible expenses not included:    Vacancies, Repairs, Tax Liabilities  
      
This spreadsheet should only be used as quick look at numbers.    
This scenario is based on 20% down and an Interest Rate of 6.25%  
We are not CPA, Tax Professionals or Financial Advisors, nor are we attempting to give professional   
advice in these areas of expertise. You are advised to seek the advice of these professionals  
regarding any questions you may have before investing in Real Estate.   
      


$120,000, 3 bed 2 bath, great condition, rents for $1,450!


Property Address:  Antioch  
      
Purchase Price$100,000.00    
Loan Amount$80,000.00     
      
Mortgage Payment - PITI$626.00     
HOA Dues     
PropertyMnagement$100.00     
Misc.     
Total Monthly Expenses$726.00     
Fix up costs$10,000.00     
Rent$1,450.00     
Minus Expenses$726.00     
NET MONTHLY INCOME$724.00     
      
      
      
      
Positive factors to consider: Principal Reduction & Tax Deduction for Depreciation and Interest.
      
Possible expenses not included:    Vacancy's, Repairs, Tax Liability's,  
      
This spreadsheet should only be used as quick look at numbers.    
This scenario is based on 20% down and an Interest Rate of 6.25%  
We are not CPA, Tax Professionals or Financial Advisors, nor are we attempting to give professional   
advice in these areas of expertise. You are advised to seek the advice of these professionals  
regarding any questions you may have before investing in Real Estate.   
      


$150,000 - 3 bed 2 bath home, Rents for $1,550 - strong cash flow


Property Description:    
Antioch   
   
   
Purchase Price$150,000.00 
Loan Amount$120,000.00  
   
Mortgage Payment - PITI$919.00  
HOA Dues  
PropertyMnagement$100.00  
Misc. repairs$10,000.00  
Total Monthly Expenses$1,019.00  
   
Rent$1,550.00  
Minus Expenses$1,019.00  
NET MONTHLY INCOME$531.00  
   
   
   
   
Positive Factors to consider:    
Principal Reduction & Tax Deduction for Depreciation and Interest.  
   
Possible expenses not included:    Vacancies, Repairs, Tax Liabilities 
   
This spreadsheet should only be used as a "snapshot" of the numbers. A much more detailed analysis 
should be performed by the buyer.  
This scenario is based on 20% down and an Interest Rate of 6.00%  
We are not CPA, Tax Professionals or Financial Advisors, nor are we attempting to give professional 
advice in these areas of expertise. You are advised to seek the advice of these professionals 
regarding any questions you may have before investing in Real Estate.   
These numbers are not guaranteed and change on a regular basis.  
   


$180,000 4 bed 2.5 bth. 1,700 sq, ft. - Rents for $1,700,1989, built


Property Description:

 

 

Antioch area - 3 or 4bd., 2.5 bth., 1995 year built, 1,600 square feet, nice area.

 

 

 

 

 

 

 

 

Purchase Price

$150,000.00

 

Loan Amount

$120,000.00

 

 

 

 

Mortgage Payment - PITI

$919.00

 

HOA Dues

 

 

PropertyMnagement

$100.00

 

Misc. repairs

$10,000.00

 

Total Monthly Expenses

$1,019.00

 

 

 

 

Rent

$1,7.00

 

Minus Expenses

$1,019.00

 

NET MONTHLY INCOME

$731.00

 

 

 

 

 

 

 

 

 

 

 

 

 

Positive Factors to consider:

 

 

Principal Reduction & Tax Deduction for Depreciation and Interest.

 

 

 

 

 

Possible expenses not included: Vacancies, Repairs, Tax Liabilities

 

 

 

 

 

This spreadsheet should only be used as a "snapshot" of the numbers. A much more detailed analysis

should be performed by the buyer.

 

 

This scenario is based on 20% down and an Interest Rate of 6.00%

 

 

We are not CPA, Tax Professionals or Financial Advisors, nor are we attempting to give professional

advice in these areas of expertise. You are advised to seek the advice of these professionals

 

regarding any questions you may have before investing in Real Estate.

 

 

These numbers are not guaranteed and change on a regular basis.