Get the Hot List of East Contra Costa County Investment Properties – week of 4-16-12

East Contra Costa County is one of the hottest place to Invest in Real Estate!  Would you like a List of Top Investment Properties?  For Free?

I have a list of 10 great Investment Properties that I will share with you.  Some of these properties have conservative Return on Investment of over 10%.  The last list I made like this every single property went Pending in 10 days.

These Investment Properties are all in Antioch, Oakley, and Pittsburg California are all Hot areas for Real Estate Investment Properties.

You should also get the Free Book of Real Estate Investing and Investor Calculator and just ask us to enclose the list. Or e-mail us directly and ask for the list – or just call 925-260-4321.

There are two types of Real Estate Investors:  

Those that Invest Now

and those that will wish they did.

Get the Free Hot List of Contra Costa Conty Investment Properties.

What to offer on a Antioch Investment Property? The Traffic was the first clue!

The other day Mr. Buyer spotted an unbelievable deal on a great Investment Property. It was so far under market it would be a good buy no matter how big of a pit.

So we make an appointment for that day to meet over at the potential Investment Property. It had just come on the market the day before.

As I drive up an agent is leaving the Investment Property, another is letting herself in, and a third is out front speaking with his client. When our turn comes to get into the house (and it was everything you might have expected) but great potential the kitchen counter top is full of business cards.

As we leave the house my client tells me to put in an offer right a way!!! I ask him how much – expecting him to want to low ball it. Much to my shock he ask me how much he should over.

I tell him we need to start at a price that was 15% over asking price! Then I point out they will probably hit us with a highest and best and we will need to go up from there.

I can see him gulp and then shake his head yes! Just get the offer in he tells me!

The point of this little story is that for Investment Properties or for any home on the Market when thinking about what to offer you need to understand that many homes will go for well over list price. When there is a good deal out there everyone sees it and comes running.

When making an offer on an Investment Property you have to know what you can bring to the offer that sets you apart. Although cash can help it is almost always going to come down to the bottom line.

For more information on Antioch Investment Properties (or beyond) or a Home for you give me a call at 925-260-4321.

Go here for the Free Book of Real Estate Investing.     

Antioch Ca Real Estate Investors – When the Numbers do not Equal the Facts!

As a Realtor working with Investors in Antioch Ca and Beyond I often get a gut feeling about the market and what is happening in it; but then I run the numbers and they say something else.

A popular home with Investors in Antioch Ca are the single story, 4 bedroom, 2 bathroom, 2 car garage home. Generally for a buy and hold Investor the older homes built in the 60's to the early 90's offers a great price for a solid home.

My impression is that the prices on these type of homes dropped in early 2010 but over the summer the prices tightened up. I am constantly looking at market reports and pricing trends, but there are lots of sub markets. All Real Estate is very local and different types of homes can be trending different directions. My opinion was formed by what homes my investors were finding and buying.

Well I took a hard look at the numbers for sale of 4/2 single story homes in Antioch with 2 car garages built before 1995. (Talk about a niche!) I looked at the sales for the prior 4 quarters compared to what is on the market now. Based on a price per SF basis the trend was as follows:

• 4^th Quarter 2010: $117.34

• 1^st Quarter 2011: $105.48

• 2^nd Quarter 2011: $107.89

• 3^rd Quarter 2011: $101.92

• Active:                $105.87

Other number like average and medium price reflect the same trend. Although sales are up and down it is about 13 homes per month.

The price trends certainly reflect the price drop off I saw, and a slight tightening up of prices; but not the long term tightening and price adjustment I felt. In fact the numbers show prices dropping again.

So why the difference? At some point you cannot break down the numbers enough to figure it out. You can only go on the gut reaction from looking at hundreds of homes. The price drop reflects the drop in the quality of some of the homes sold. My clients do not mind fixer uppers, but there are a lot of lower end properties on the market that take more work. I suspect the value of Like for Like is holding up fine.

Click here for a Free Book on Real Estate Investing. Take a look at some of the properties below and click on the slide show to do your own search. Give me a call at 925-260-4321 to see some great homes or for more information.  

What are the best Investment Properties in Antioch Ca?

I work with lots of Investors in Antioch Ca and in other areas.  We are always looking for the homes that provide the  best Return on Investment when shoping for Investment Properties.  

The Best Investment Properties provide the greatest return on the money that you invest in the property.  Considerations include:  Cost of the Investment Property, Rent the Investment Property can Bring in, Cost of Repairs to Rehab the Investment Property, and How fast the Investment Property can be rehabbed and rented out.  Another consideration not included on the Return on Investment (on a rental basis) is long term maintenance cost and potential for appreciation.

If some of these terms in regard to Investment Properties are confusing down load The Free Book of Real Estate Investing.  

The Investors I have been working with lately have been looking at 4 bedroom and 2 bathroom homes with 2 car garages.  Generally they are older Ranch Style Homes (single story).  The are fine with homes with minor rehab, but do not want a major repair job.  They also like homes where the damages and issues are easily defined without open ended problems.

But I have to tell you - lately these types of homes are getting harder to find.  Investors will always float to the point were it can make the most profit.  That means it is time to figure out what 9 (and where) the new good Investment Properties are.  

My focus is happy Investors!  I spend a lot of time working with Investors to help them make money.  If you want to work with me to find out where the best Investment Properties are give me a call at 925-260-4321.