San Diego Real Estate, 4s Ranch, Rancho Bernardo, Poway. Voak Homes,

4S Ranch

Santaluz

At Voak Homes we are dedicated to helping you achieve your real estate goals. We work with sellers, buyers, and investors in the following areas that play to our analytical, marketing and operational expertise:

Helping sellers maximize their gain in a traditional sale
Helping sellers minimize the loss, disruption and tax liability in a short sale.
Helping buyers find and acquire a home that fits their needs and budget.
Helping investors acquire and manage cash flowing property in San Diego

Scott’s engineering degree gives him a strong analytical ability and his MBA and subsequent experience as a corporate officer (CEO and VP) have given him the marketing and business savvy to help you reach your goals. He is the radio real estate consultant on Positively Wall Street (AM 1000).

Buyers

Buying a home is one of the most important decisions you can make as a family. You will have questions about the neighborhood, schools, shopping and a number of other important considerations. We are here to help. To walk you through neighborhood and home selection, handle the paperwork, get you the best deal, protect you through the transaction and introduce you to your new neighbors.

Sellers

Selling a home in today’s market is not difficult: Unless you are looking for superior results. We are confident enough in our services that we offer a commission refund to our sellers and for those needed to short sell, we provide moving and credit repair assistance.

Investors

Yes, there is money to be made in real estate. With our Cash Flow Machine method of investing, we are helping people in San Diego earn positive cash flow without the management hassles – and no stock market worries.

Cash Flow Machine – 3 New Properties

Friday, October 14, 2011 20:44

Cash Flow Machine

I have three new Cash Flow Machine properties this week for investors with a range of investment size from $65k to $210k. I also have one in North County that doesn’t meet the 10% cash-on-cash requirement but does hit 8%, which is good for North County.

North Park (sort of) – This property is just north of El Cajon Blvd, so it doesn’t truly qualify as North Park, but it’s close. A 4-plex with 3 long term tenants and the owner. This is a short sale and we estimate it could be purchased for $425k with another $20k for repairs. Rents should exceed $4,500/mo (owner pays water) providing a Cash-on-Cash return of 13%.

Spring Valley – This is another excellent opportunity but requires a larger investment. 8 units that are fully rented. Cost will be in the $700k range and you will need about $30k for repairs/reserves. Rent comes in at just under $8k a month providing almost $30k of annual cash flow and a Cash-on-Cash return of 14%.

Lemon Grove – This duplex is a great opportunity for an investor with a little less cash. At just over $210k, this will require about $65k to get into and allocate repairs/reserves. Rents from 2 long term tenants run $2,200 a month giving this property a 11.8% Cash-on-Cash return.

Our registered investors will be getting specifics on these properties by close of business today.

Cash Flow Machine, Investors - 2 Comments

Cash Flow Machine – 2 More Properties

Thursday, October 6, 2011 22:08

2 San Diego Properties with 10% Cash-on-Cash Returns

I have 2 more properties showing in excess of 10% Cash-on-Cash returns.

The first is in Logan Heights and is being offered at just under $350k. It has 3 units and all have been upgraded recently so the cash outflow is low after closing. This will take about $90k to close (25% down) and yield 10.6% cash-on-cash. Cap rate if you manage it yourself is 7.5%.

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The second is in El Cajon and is a four-plex that needs a little work. The investment is larger at about $145k and the cash-on-cash return is between 9.5 and 10.5%. Cap Rate is 7.45%.

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Are Market Signs Pointing Up or Down?

Wednesday, October 5, 2011 17:31

A Look at San Diego Real Estate Drivers

An encouraging sign has been developing in the real estate market. The number of homes available for sale in San Diego is steadily falling and now sits 15% below the number available last year. This is the type of trend I look for as an indicator of a changing market. It is the reverse of what we saw happen in 2005 when the market hit the top. So, does this indicate the market bottom is finally here? I’m not so sure. There are four reasons I am questioning this data:

Distressed Inventory. 50% of our sales in the county are distressed (short sales, foreclosures, or homes that have been foreclosed on in the last year). That percentage has been over 50% for quite some time. Since that is one-half of the current market, what happens to the supply there is key to how San Diego goes over the next couple of years. According to the online magazine eForeclosure, Notice of Default filings started rising again in August. With employment not getting much better, this trend will likely continue and create more inventory on the market as we enter the new year.
Continue…

San Diego Real Estate Market - 0 Comments

Cash Flow Machine – Spring Valley

Monday, July 18, 2011 19:00

Cash Flow Machine

10..5% Cash-on-Cash in Spring Valley

This is a 2 story duplex. Both are 2 beds. Total rents are about $1,900, but the top unit needs some work that I am estimating at $20k. List price is under $180k and the total to get in and repair should be under $62k.

Annual cash flow is expected to be about $6,300, providing a cash-on-cash return of 10.4%

Cash Flow Machine, Investors - 2 Comments

Cash Flow Machine – National City

Monday, July 11, 2011 12:30

Cash Flow Machine

National City Duplex

We talked about this one on the radio this morning. It’s a duplex listed for $189k that needs about $20k of work. Water is common, so owner pays for it. Rents are about $2k/mo. Financials look something like this:

Cash needed to acquire and rehab using 25% down – $65k

Loan balance/Interest rate/Payment – $142,500/5.0%/$765.

Gross Rent/% Operating expenses – $2,000/36%

Monthly Cash Flow/Cash-on-cash return – $525/9.76%.

Call me if interested in this one.

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