My New Blog

I find and get the best deals for clients when it's raining... most buyers and their agents don't like home shopping in the rain, and when it rains for days on end, the competition for homes is greatly reduced! Over half my buyers end up with an accepted offer when we saw it (and write the offer) while it was raining. Otherwise, with the greatly increased number of buyers out there, we're in a muliple offer situation...and that can cost you $$. 

So, bring on the rain!!

( oh, and if you happen to be working with another agent, just know that some of us work really hard for our clients, and some sleep in when it's raining...) BTW, my cell # is 925-980-1359

It's been a busy summer, with my buyers getting into some pretty nice properties and great prices, some with instant equity due to the uptick in prices... one lucky buyer, Kirsten, had the same floorplan/same condition next door sell the following month for $30,000 more than she paid!  ( kinda like the old days!)

Congratulations to:

Aaron and Seena

Jerry M.

Jack and Nancy

Allen and Claudia

Kirsten L.

Francesca and Michael

Rich M

It was indeed a pleasure!

ForeclosureRadar report regarding the backlog of REOs to hit the market and continue it's downward spiral... is not there. Just as my asset managers have been saying, it takes ovre 6 months for most banks to go from foreclosure to back on the market as an REO and sold ( not all, some banks have them turned around in a few weeks)...

FYI - the homes in the 300-400,000 range are seeing solid price increases... 3 bedroom, 2 bath ranch style homes in Dublin for example, once priced at 375,000 - 399,000 are coming out at 435,000 to 449,000... and selling.

take a look:

September+2009+CA+Foreclosure+Report.pdf

Today Show video Clip:

Barbara Corcoran ( the Real Estate queen on the Shark Tank) mentions Danville and Walnut Creek as leading opportunity areas that were hit hard and rebounding well!

( as in: get yours while the gettin' is good)

 http://today.msnbc.msn.com/id/26184891/vp/33191501#33191501

Attached is a snippet from Entrust's website: they are self-directed IRA custodians, and have helped thousands of clients atke advantage for this great buyers ( and tough sellers) market to buy foreclosures at rock bottom prices, using their IRA money vs cash...and even partnering with your IRA for the down payment,( using it for the down payment), getting the loan in your name, and splitting the cash flow form the property w/ your 401k. IN FACT, you can create current income for yourself in the process!!

I encourage everyone interested in making "lemonade from lemons" to check out their website, and email me for more info on the great positive cash flow deals that are available right now ( I sure sound like a TV huckster, but this is the real deal...)

- Jay

Self-Directed Investment Options

At 25, I have a lot of friends that are struggling with debt they acquired while in school. I instructed Entrust to lend the $8,000 in my Roth IRA to one of my friends. She is much happier paying my Roth IRA 12% than she was paying credit card companies 18% or higher. And I think a 12% return is not too bad for my first self-directed investment.*

Client from Entrust Northeast, LLC

*Results not typical. The Entrust Group does not offer investment, tax, financial or legal advce to clients. Individuals who believe they need advice should consult with the appropriate professional(s) licensed in that area.

Would You Like More Investment Choices for Your Retirement Funds?

It’s a common misconception among Americans that the only investments allowed in a retirement account are stocks, CDs, and mutual funds. The truth is that broader investment options have been available to the public since 1975, the year contributions could first be made to IRAs.

Why the confusion? Because the retirement industry has been dominated by large transaction-driven custodians who have focused on a narrow universe of investments. While these kinds of accounts may be right for some, they don’t offer the kind of freedom that a self-directed qualified retirement plan offers.

To fully maximize your investment options, you need to have a retirement plan that allows you to select your own self-directed investments. A fully self-directed retirement plan allows you the freedom to invest in many types of assets - assets that are not prohibited by the U.S. Treasury Department regulations and the Internal Revenue code.

With an Entrust self-directed IRA or real estate IRA, you are in full control and can choose from a wide range of permissible assets.

We specialize in the record keeping and administration of all truly self-directed qualified retirement plans and their unique investments. Our strength comes from our focus on education and knowledge gained from 25 years in the industry, providing you with the tools and information needed to make good decisions to enhance your self-directed investments.

Here are some of the self-directed investment options that our current clients have taken advantage of:

• Real Estate – apartments, single family homes, commercial property and undeveloped land
  
• Limited Liability Companies
  
• Private Limited Partnerships
  
• Secured and Unsecured Notes (Mortgages and Deeds of Trust)
• Partnerships and Joint Ventures
• Private Stock
  
• Publicly traded stocks, bonds and mutual funds
• Other investments
  • Judgments/Structured Settlements
  • Tax Sale Certificates
  • Car Paper
  • Factoring
  • Accounts Receivable
  • Commercial Paper
  • Equipment Leasing
    

The new tax laws affecting retirement plans can be confusing and complicated. Depending on your financial situation, your future goals, and whether you might have an employee-sponsored plan available, you will need to choose between several alternatives.

Consult with your tax advisor or financial planner on the best course of action. If you decide that a self-directing your retirement investments is for you, Entrust is here to help.

After all, we’re the self-directed experts.

Getting started is easy. Contact an Entrust professional in one of our local offices to establish a self-directed IRA or open an account today.

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

April 16, 2007

Today is even more beautiful as my kitchen remodel in my own home is just about finished - we used the same contractors I refer to clients w/ their standard pricing and completed the project for less that $23,000! One company was going to charge $17,000 for the cabinets alone! The final product features refaced maple cabinets, new stainless appliances, new sink and faucet, magnificent granite, a stainless hood, stone tile wall and backsplash... If you are thinking of remodeling, the kitchen is where you will gain equity the easiest. Usually returning 109% of what you spend...based on retail prices... my suggestions will most likely save you thousands. ( It helps that my mom, Diane Bedsworth, of Bedsworth Design International is one of the leading interior designers in the bay area) Anyway, after consulting with a few refacing companies, I realized there is a significant margin in this business. I can steer you toward companies and contractors that don't take advantage of people - especially from my clients / referrals...

Reference: http://www.designfinder.com/detail.html?response.id=67&PHPSESSID=89efdff31ac372b3c2b76d950f01a998