My New Blog

This year I have represented  many buyers on REO properties - some first time buyers, and some investors - as investment vehicles they are starting to look very strong.

Homes in the Dana Estates area of Concord - (Near Landana and Concord Blvd) have come down price wise to where there are cash flow nuetral - these 3/2 homes rent for +/- 2000 / month, and they are selling for about 300,000 - whcih is about 1650 per month given the current interest rates...

The deal of the year appears to be a home in Sacramento my clients purchased for - get this- 110,000... good price, but a dump right? no. built in 2005, in a gated community, single level, 3 bedroom, 3 full baths, and 1500 square feet...I just leased it for 1,100 per month ( a good deal for the tenants), and the owners are getting about 350.00 per month positive cash flow - about an 18%/year cash on cash return... Now, given the expected appreciation in Sacramento

vs the Bay Area, Concord still looks really attractive... but either way, the rule for hundreds of years has and will continue to be:

When there is FEAR, buy Real Estate!

Jay Bedsworth 925-980-1359

jaybedsworth@comcast.net