Investors

San Diego Real Estate Investments

Right now (2011), we think the most exciting opportunity for individual investors in San Diego is small multi-family properties with strong cash flow.  We are looking for properties that will return in excess of 8-10% cash-on-cash for hands-off investors and in excess of 11% cash-on-cash for investors who want to manage the property themselves.

This blog is reserved to present the properties we find as well as discuss our thoughts on the market.  Please be aware that because most of the investment properties we find are not our listings, MLS rules do not allow us to provide those properties unless the information is password protected.  Therefore, we have another site set up for our clients where we provide full information on all the properties we think provide the best opportunities.  If you would like to see this idea in more detail, we have an online presentation you can on our Cash Flow Machine concept.

If you would like to receive notification immediately when we find a property that qualifies as a Cash Flow Machine (over 10% Cash-on-Cash return while utilizing an outside manager for day-to-day operations), follow us on twitter @cashflwinvestor.

If you would like to talk about one of the properties below, contact us at 888-311-6311 or email Scott directly at Scott@VoakHomes.com to set up a meeting where we can discuss your needs or to get access to the full client page.

Cash Flow Machine – 3 New Properties

Last modified on 2011-10-14 20:44:37 GMT. 2 comments. Top.

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.

Are Market Signs Pointing Up or Down?

Last modified on 2011-10-05 17:31:45 GMT. 0 comments. Top.

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.
• Falling Loan Limits.  On October 1, loan limits for FHA, Fannie and Freddie fell from $697,500 to $546,250.  This means that buyers above the new limit will not have access to 3.5% or 5% down loans and will have stricter qualifying standards and PMI requirements.  For the past 2 years, we have enjoyed the higher limits and the market between $550k and $750k has been running at about 5 months inventory while the market above $800k has about 12 months of inventory and prices have been hit the hardest.  With these loan limits falling, I expect we will see the $550k – $750k market slow and this will put pricing pressure on this segment the market along with it.
• Lack of Mulitplier Effect.  In a normal market, when a first time homebuyer makes a purchase of say a condo, the condo seller moves up to a small home which he buys from a seller who moves up to a larger home.  In this fashion a single first time buyer has a multiplier effect on the market:  His or her purchase starts a chain of 2-4 other transactions.  Today, with over 50% of our sales being distressed homes, the first time buyer is buying from a bank or “flipper” and the move-up buyer is buying a short sale.  Neither of which drive additional transactions.
• Europe.  Why does what is going on in Europe with the EU affect local real estate?  The same way that the housing bubble caused a world-wide recession.  Everything is interconnected and the same banks that make loans so people can purchase homes have also lent money to banks, governments and business in Europe.  If Europe plunges into a recession or Greece defaults on its loans, many banks will not have money available to loan here. 

So, up or down?  My guess is a bit of both for the foreseable future.  What does that mean for real estate?  That depends on your goal.  If you are looking for a home to raise your family in and are planning on being there for 7-10 years then by all means, this is a great time.  The combination of low prices and incredible interest rates means you can lock in a low payment and feel secure that your family has an affordable home.    On the other hand if you are an investor, I still believe you have to have positive cash flow.  Do not purchase planning on appreciation as you will likely be dissappointed.  However, if you are interested in cash flow, today’s depressed prices and low interest rates are providing a great opportunity.  Look for small, multi-family properties in non-prime areas for the best returns.

Cash Flow Machine Test Post

Last modified on 2011-10-03 20:09:51 GMT. 0 comments. Top.

Test Post 1

This post is to test the new tools for getting investment opportunities to our investors.

Cash Flow Machine – Spring Valley

Last modified on 2011-07-18 19:00:08 GMT. 2 comments. Top.

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 – National City

Last modified on 2011-07-11 22:02:30 GMT. 0 comments. Top.

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.

Cash Flow Machine – Imperial Beach

Last modified on 2011-06-17 00:08:08 GMT. 0 comments. Top.

Imperial Beach 4-Plex

12.7% Cash-on-Cash

This is one of the better ones I have seen in awhile.  It’s a 4 plex with 3 units currently rented.  Rents are $1,150 on each of the 4 2-bedroom units.   I am allowing $25k for rehab, although that will be spread out over time (increasing the return) as three units are rented and likely do not need much.   Owner pays water, and we have allocated $230 a month for that.  Total deductions for vacancies and expenses are pegged at 33%.

Shoot me an email for the financial sheet and listing so you can do a drive-by.  

If you are not on the email distribution to receive these updates daily, let me know and I would be happy to add you.

More Investment Opportunities

Last modified on 2011-03-07 05:47:37 GMT. 0 comments. Top.

Cash Flow Machine Update

March, 2011

Every once and awhile I will try and update opportunities we are finding in the market.  There are too many properties we find that are good deals to post them all here as blogging is secondary to selling homes and working with investors.  However, here is a sampling of 3 opportunites that are currently available.    I cannot provide addresses because they are not my listings, but if you are interested, please ask me for access to the investors site we run where there is more information.

City Heights – 12.5% Cash Return

March 2011 San Diego Cash Flow Machine

This is a duplex with long term tenants in each.  It is not the best area of City Heights, but by no means is it the worse.  One unit needs some repairs and so we have allocated $10k for that expense.  Total acquisition costs with this repair allowance is expected to be under $60k (with 25% down) and first year cash flow estimated at $7,411.

Lemon Grove – 12.24% Cash Flow

This is another duplex.  It appears to be in good shape and both units are rented.  Anticipating $15k in repairs (owner may not leave refrigerators), we have a capital requirement to purchase at around $75k (25% down) with a first year cash flow of $9,038.

Escondido – 8% Cash Flow

Ok, for those of you who want to be in North County, the best return at this time is a duplex that will require about $65k to get into and clean up (25% down) and should generate over $5,000 the first year.  However, it is currently vacant and so start-up may take an extra month.

Oceanside Investment Property

Last modified on 2011-01-20 23:52:37 GMT. 0 comments. Top.

Found an opportunity in Oceanside.  This is a 4-plex pulling in over $4,000 a month in rent.  Possible to offer $400k (if there is a bidding war, this one will go up).  The return on this is 11% cash-on-cash (25% down) for owners who hire a manager and over 14% if you do it yourself.

The area is a good one for tenants (near Camp Pendleton), but there will be turnover as that line of work does include a lot of job transfers.  It was renovated in 2004 and has been kept up since then.  There is a question on some of the appliances (refrigerators and commerical laundry) conveying, so our numbers allow $10k addtional at close of escrow and still perform quite well.

This one may get a lot of activity as we do not see these in North County that often - I will be bringing this one to the radio on Thursday am, so let me know quickly if you are interested.

A full write up with comps is on our Cash Flow Machine blog, it is password protected, so let me know if you want access.

San Diego Real Estate Cash Flow Opportunities – Dec 15

Last modified on 2010-12-20 03:42:59 GMT. 0 comments. Top.

Four Properties Qualify as Cash Flow Machines

We have currently identified four properties that meet our criteria as Cash Flow Machines for small investors ($100k).  These are not our listings, but rather opportunities for our investors to profit long term.  Since they are not our listings, we cannot publish their addresses.  We do have a client only site that we can provide access to for clients (must have a buyer-broker agreement) that has photos as well as our write up and financial analysis of each property.  Here is the basic information on each property:

Property 1:  National City Cash Flow Machine

This is a 4-plex that was recently puchased for cash from a bank for under $200k.  Owners put $30k into the inside and have it fully rented.  They claim rents to be $3,600, we are discounting that to $3,300 in our analysis and allowing for $15k additional cosmetic (paint, yard, etc.) repairs upon purchase.  3 units have laundry hookups, but only 1 is utilizing hookups.  Good location means low vacancy.  Very small yard and no HOA cuts overhead.  We are taking 30% off discounted rents for total costs and this property shows a cash-on-cash return of  close to 14% if you manage it yourself and over 10.5% if you have us manage the day-to-day operations for you.  Anticipated initial investment is under $95k.

Property 2: Logan Heights Cash Flow Machine

While I do not care for the area, the returns are phenomenal.  Agent says current rentsare $3,200 plus a unit owner occupied that should pull another $1k.  Even discounting this by 7% and allowing for 30% expenses off the discounted rent (low maintenance yard and no HOA),  we show a return of over 17% if you are a DIY and over 13.5% if we manage the daily operations for you.  This is an approved short sale where the bank denied the buyer due to relationship with the seller.  This is our best cash-on-cash deal still remaining and would require about $95k down to purchase.

Property 3: City Heights Cash Flow Machine

With reservation I still leave this one on the list.  After visiting the site and walking through the units, it will need to be discounted significantly to qualify as a Cash Flow Machine.  This is a 3-plex that has been completely renovated with new flooring, kitchens, paint and landscaping.  The attaction is that it shows well and will rent quickly with lower maintenance for several years.  However, discounting the current asking price by 12% only gives a cash-on-cash return of 11.2% for DIYers and just under 8% if we manage it for you.  Would be willing to make a run at it for someone as the downside is safer due to all the recent remodel, but the return is not as exciting.

Property 4: National City Cash Flow Machine 2

This is a 3 unit in National City and in the interest of full disclosure, we showed it to a client and already have it in escrow.  It was an approved short sale, the owner had put in about $30k worth of work and ran out of money.  The property is close to the 8 and on bus lines, so transportation is easy and it is Section 8 approved.  After our first inspection, our estimates adjusted and the cash-on-cash fell to under 10% with management fees included.  However, our comps showed a valuation of $400k and our client will close for about $340k, so the ability to re-finance in 6 months and pull some cash out for another investment (and jack up the C-O-C) return makes this still a winner for our client.

Inflation, Deflation, and Investing in Real Estate

Last modified on 2010-11-02 23:24:31 GMT. 0 comments. Top.

Real Estate for Cash Flow Rather than Appreciation

It seems like the experts can’t decide if we are going to have inflation or deflation.  If you’re a real estate investor, you need to figure which is more likely, and then decide what it means for your investment goals.   My belief is that the answer is fairly complicated and that many people need to look at real estate as a good investment, but for a different reason and with different goals than in the immediate past.

It is my opinion that we have been and currently are in a deflationary period.  Home prices are down, rents are down, milk and eggs are cheaper.  Even if an item itself has not gone down in price, the consumer has shifted to less expensive alternatives (when was the last time you saw a new Hummer on the road?)  We are in an unusual period where consumers are deleveraging.  Most people I talk to say if you gave them an extra $10k, they would use it to pay off a credit card, not buy more “stuff”.   We are all busy paying for the fun toys we bought and trips we took several years ago.  At least the fortunate are, there are close to 20% of us that are unemployed or underemployed.  So, I think that right now, we are in a deflationary period, but what happens next?

I believe that the current period of deflationary prices and low interest rates will be replaced in several years by higher inflation and higher interest rates.  If you agree, you can skip to the end of this post to the real estate analysis, if you are not sure, you can read the next couple sections to see if it makes sense.

It looks like in the election the Republicans will gain enough seats to be a factor again.  Add that to the general dissatisfaction with previous bailouts and it is likely we will not see another large government spending spree in the near future.  I tend to be fiscally conservative, so this may surprise you, but I think that could be dangerous.  While I am not an economist by any measure, here is why I am nervous:

The economy runs on what I call Working Money.  This is equal to the amount of money in circulation times its velocity (number of times it is spent).  This is what pays salaries and buys goods and services.  For example:

I make $1,500 a year profit and pay $500 a year in taxes, which allows me to spend $1,000 a year on “stuff” that I buy from 1 person.

He makes $200 profit, and the $800 goes to pay his expenses, which includes profit for other people who made the parts he used to make the “stuff” he sold me.

For him to have the same $1,000 a year to spend on “stuff” that I do, he needs to have 5 clients spend $1,000 with him in a year ($200 profit x 5 clients = $1,000).  In this example, five people buying things they need, supports one other person directly (it supports a lot more because the $800 he pays for supplies includes profit for others, but let’s just keep it simple here).  Let’s say there are 100 of us spending $1,000 a year on “stuff”.  We are keeping 20 people who sell “stuff” in business.

Now, if all I and everyone else have is $1,000 a year to spend on “stuff”, then that sets the pace of the economy.  But what if we can get some easy money (like from re-financing our house) and this money is tax free (like from re-financing our house).  If we pull $1,000 from our house each year, we can by twice as much “stuff”.  The increased demand for “stuff” causes the price to go up (INFLATION) and more people decided to get into the “stuff” business.  Eventually, the price of “stuff” settles in at $1,100  and my 100 friends and I can buy 181 “stuffs” (100 people with $2,000 buying “stuff” for $1,100 each), and this supports 36 people in the “stuff” business.

However, eventually the economy slows and over several years we come to a point where not only can we not borrow on our houses to by “stuff”, but we have to start paying the loans back.  This is called “DELEVERAGING”.  Now, we still make $1,500 and pay $500 in taxes, but instead of borrowing $1,000 a year, we are paying back $100 a year.  So, rather than have $2,000 to buy “stuff” with, we only have $900.  So, the people selling “stuff” only have demand for $900×100 = $90,000 worth of product where a few years ago they had demand for $2,000×100 = $200,000 worth of product.  So what happens to the 36 people selling “stuff”?  They have to drop their prices to sell their products, and we get DEFLATION.

The major reason that this recession (it still feels like one even if they don’t want to call it one) is so ugly is that pre-recession the amount of Working Money expanded faster than it should because people had access to easy money from their homes and credit cards.  Now, the amount of Working Money is contracting faster than it should because not only is the economy slowing, but we have to use the money that should be working now, to pay back the extra Working Money we used earlier.

Also note, that if the government raises taxes (or lets tax breaks expire), and starts to take $600 of the $1,500, we only have $800 left to spend on “stuff” after paying down our debts and we get more deflation and more people selling “stuff” go out of business.

Most people I talk to are so firmly focused on paying down their debt (deleveraging) that if someone gave them an extra $10,000, they would not buy “stuff”, but would pay down credit cards or other debt.  Only once their debt is paid off (or down significantly), will people start spending again.

Once again, since I am not an economist I might be missing something here, but it seems to me that changes in Working Money that flows through our economy is equal to:

Changes in after tax earnings of people + Changes in saving/borrowing + Changes in Gov Spending + Changes in Fed borrowing + Changes in exports/imports

One at a time:

Employment does not seem to be getting better, and I expect earnings of people are flat to down and taxes are looking to go up – this will reduce Working Money.

People are saving (paying off debt) per the above example, so this is reducing Working Money.

Government spending may have helped temporarily (see cash for clunkers and the housing stimulus), but now that it is being removed, it will also reduce Working Money.  So, while I usually want the government spending as little of our money as possible, by cutting fovernemtn spending at the same time individual spending is going down, we may be deepening and lengthening the recession.

Changes in Fed borrowing is Bernake’s area and I will come back to that in a minute.

Changes in exports/imports is tough because the entire world (except maybe China and a few smaller developing nations) are going through the same thing we are and want to boost their exports also (the more things you sell, the more money that comes into your economy).  Fortunately, the US can tip this in our favor by causing the dollar to weaken (hence all the uproar about currency wars, everyone wants their currency cheap so the can export more).  I think this will be close to a net zero and not affect Working Money as significantly as many hope.

So, everything in the equation either points to no change in Working Money or a negative change, except Fed Borrowing.  If Working Money keeps contracting, we get a longer and deeper recession.  Bernanke is a student of the Great Depression and the mistakes made by both Hoover and Roosevelt that prolonged it.  This is why the Fed is talking about QE2.  By purchasing more government bonds, they push more money into the economy and into other investments like the stock market.  The hope is that this money turns into Working Money and by running through the economy, helps decrease unemployment.  However, I don’t think it will.  I think the extra money put into the economy will be invested or used to pay down other debts – nobody is in the mood to spend money right now.   Eventually, people will pay off enough of their debts and start spending money again.  This will cause INFLATION to re-appear and then interest rates will be raised to control inflation.  However, there is a lot of debt to pay back, and I think we might be several years away from significant inflation.

So, now we get to the real estate part of the article.  Everything above speaks to my belief that right now we are in a deflationary period with low interest rates that will be replaced in a few years by an inflationary period with higher interest rates.  If you believe that, you skipped the last 1,200 words directly to this point.

Real estate values have historically tracked rents fairly well.  This makes sense.  If rents go up, it makes more sense for more people to buy a home.  If rents fall, then homeownership makes less sense unless home prices fall.  However, in the last 10-15 years, this has not been the case.  Easy loans made it easier for more people to purchase homes and increased the demand for homes.  This caused home prices to rise.  Because loans were so cheap and easy to get, it made sense to more people to buy homes and this pushed the prices up.  Eventually, people bought homes not because they were a good value compared to renting, but because they were an investment that was going up in value very quickly and could be purchased with none of your own money.  This caused the housing bubble.

Going forward, I think values will return and track rents more closely.  But, here is where it gets tricky: It is not the value of the home that will track rents, but the monthly mortgage payment.  In other words, a family making a decision to buy or rent will do it by comparing how much the rent payment would be compared to the mortgage payment, and an investor looking to buy property will compare the monthly payment to the rents he can collect.  That is important because rising inflation will raise rents, but will also cause interest rates to rise which will raise monthly mortgage payments.  Here is an example:

If an investor can rent a property for $2,000 a month and has 22% operating expenses plus $500 in property taxes,  that will support a loan (assuming 5% interest on a 30 year fixed) of $197,459.  Putting 25% down, the investor can pay $263,278 for the home and break even.

If we get 10 year average inflation, that would put rents at $2,960 a month.  However, at 4% annual inflation, interest rates would also rise, let’s say to 7.5%.  In this case, the rents can support a mortgage payment of $1,751, which is a 30 year loan of $250,473 and with 25% down, this gives us a value of $333,965.   If we assume a total of 6% total sales costs, the investor could sell the property and realize an annualized profit of 5%.  Ok, but hardly exciting considering the risks and management headaches.

However, if you look at it another way, it can get exciting.  Treat the investment in real estate more like an annuity.  If you buy now, you can lock in a permanently low interest rate.  As rents increase, you don’t care that the value doesn’t increase because your loan is tied to the value when you purchased the home.  Every year, your income increases as rents go up but your payment stays constant.  Eventually, you pay off the mortgage, and the rental income helps pay for retirement.

In other words, look at real estate not as an appreciating asset, but as a long term investment that will not pay much while you work in your career, but has the potential to supplement your income in 30 years (much sooner if you apply the increased rent to paying the mortgage off faster).  The upside is that when interest rates come down again in the future, values will rise quickly – but that could be a very distant future.

Small Investment Opportunity

Last modified on 2010-06-18 23:37:58 GMT. 0 comments. Top.

Front of Condo

Fallbrook Short Sale condo

For those of you looking for a small real estate investment, try this one:

• 2 Bedroom (dual master) condo on Gird Rd that sold in June of 2005 for $355,000 owner then re-did the kitchen with granite counters and new appliances.
• Will rent for $1,300 – $1,400 – the rear entrance to Camp Pendleton is nearby.
• HOA is $200/mo and there are no Mello-Roos.
• It is a short sale and I think I can get it approved between $170k and $180k. 
• With 25% down, it looks like worse case it is break even cash flow and best case it is a 4% return on invested cash

No, it’s not the perfect unit.   Yes, there is road noise.  No, you are not going to want to retire into it.

It’s an investment.  With cash flow.  And upside.

Kitchen

So, if you are looking for an investment in San Diego that you can get with 25% down as a small investor and get it for about 50% of the price paid in  2005 (with a kitchen re-model thrown in since then), give me a call.

February San Diego Sales Numbers

Last modified on 2010-03-07 23:11:10 GMT. 0 comments. Top.

February San Diego Home Sales

Looking at February sales numbers, there were 2059 homes sold (includes all types and relies on the hope that agents have listed homes sold as “sold” in mls). This is an 8% reduction from last year and combined with January’s 10% reduction, puts us about 400 homes behind last year at this time. The trend is likely to continue, as there are also fewer homes in escrow than there were last year.
The slower pace of sales is more than offset by the lower number of listings (37%) than we had at this time last year. This makes sense as inventory really started to dive last year in April as the banks were actively holding off the foreclosure process. Inventory was down at the end of February compared to the end of January by about 5% (550 homes), but there is already an additional 400 homes on the market on the 6th of March.
The graph below shows the last 6 years activity (I’m going to have to go to a quarterly graph soon)

San Diego Home Sales (MLS)

A couple of interesting points to see when it is graphed out like this:

1. Sales volume (demand) has remained fairly consistent since late 2006 with the exception of the specific issues we had in the mortage markets in September of 07 and November of 08. 
2. The increase in March 09 was when the Fed started purchasing mortgages (which is supposed to end this month).
3. The drop in sales in January (last month) can be attributed to two factors:  First, there were a lot of closing in October and November as people were trying to beat the expected expiration of the tax credit (which is now been pushed to April contract/June close).  Second, new mortgage rules have stretched out closings past the normal 30 days.  You can see this in the fact that at the same time closings have fallen, homes in escrow increased – the activity is there, the government just put a kink in the hose with all the new regulations.  I expect we will see a strong March in terms of closings as these homes work their way through escrow.

An interesting chart to look at takes a look at inventory levels over the last several years.  For the chart below, I am measuring inventory of San Diego homes differently than others do.  I am including all homes that are Active on the market, plus those that are Pending and Contingent.  The reason for this is twofold:  The Contingent designation is relatively new.  In the past, these homes might have been included in Active or Pending, so there would be errors either before or after the Contingent designation was created if I did not capture all the activity.  Also, there are buyers with offers on multiple shortsale homes and they aren’t going to close on more than one of them.  Showing all the homes that are available and in some stage of closing vs those that close each month helps mitigate this factor. 

San Diego Home Sales - Inventory Levels

Note: Inventory is calculated using a 12 month average of sales.

At first look, the graph doesn’t provide much interesting information.  But when you look at the % change in inventory, you can see that it started to rise in the second half of last year.  While this is akin to saying “things are getting better because we are losing fewer jobs every month,” it is a start of a change.  It shows that inventory is reaching an equilibrium on its own and the creates the possibilty that when the stimulus and tax credit expire, we may see inventory start to climb on its own – with or without the banks releaseing foreclosures.

3 Comments for Investors

Jim Wicklund | November 23, 2010 at 5:43 pm

I am interested in investment property.

Author comment by Scott Voak | November 23, 2010 at 8:47 pm

Jim,
Give me a call or shoot me an email Scott@voakhomes.com
To start, can you let me know what your goals are? Knowing if it is appreciation, cash flow or future retirement home will make a big difference in the direction to investigate.

Leave a comment!