Voak Homes » San Diego Real Estate Market

Cash Flow Machine – 2 More Properties

Scott Voak — Thu, 06 Oct 2011 22:08:48 +0000

Are Market Signs Pointing Up or Down?

Scott Voak — Wed, 05 Oct 2011 17:31:45 +0000

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.
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More Investment Opportunities

Scott Voak — Mon, 07 Mar 2011 05:47:37 +0000

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

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Monday Morning Coffee – A look at February Numbers

Scott Voak — Mon, 07 Mar 2011 05:28:34 +0000

Monday Morning Coffee

San Diego Real Estate Sales – February, 2011

Good morning,

I hope you enjoyed the great weather this weekend. Zach and I took a walk around the neighborhood and it was nice to see some flowers blooming and hear the birds chirping away. It was also nice to see that last neighbor taking down his Christmas lights – made me feel better about not putting the dishes away.

A quick look at San Diego home sales in February shows a continuing slow down in sales this year when compared to last year. However, last year was bolstered by the First Time Home Buyer Tax Credit. Until June, our numbers are going to be compared to numbers that are artificially high, so don’t put too much emphasis on year over year number. However, just so you know what they are: Read more ...

Monday Morning Coffee – Early Look at January Numbers

Scott Voak — Mon, 31 Jan 2011 18:22:32 +0000

Monday Morning Coffee

January San Diego Home Sales Look to Dissappoint

Good morning,

I hope you had a nice weekend. Things were quiet for us this weekend as the weather kept us (and potential buyers) indoors. I am still seeing softness in the market as I will cover below. We did close a very good investment 3-plex for a client and will be working with him to get the vacant unit painted and rented, at which point he should be able to earn 8-9% a year on his down payment. I did spend some more time this weekend looking at other possibilities and crossed 3 off the list, but did find a duplex in Spring Valley with potential in the low $300k range.

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Monday Morning Coffee

Scott Voak — Tue, 18 Jan 2011 13:56:51 +0000

Monday Morning Coffee

Busy News Week

Good morning,

I hope you had a nice weekend. Seems like we finally gave into all the colds swirling around us and were down for most of the weekend here. So, not a lot of fun stories to tell (lucky you!) We are seeing a fair amount of activity, which is opposite from most everyone else I talk to. However, ours is isolated to a couple of unique properties on the sell side and some investors who are taking advantage of the 10% return deals we are finding to make some purchases.

On the investment front, I did find 2 this week. One is in National City and has been re-habbed. It is a duplex and probably can go for low $300k and will return about 10% if you manage it yourself. The other is in Spring Valley and is 7 units that will pull about 12% return but need about $750k to purchase. Let me know if you want more information, they are up on the investment site.

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Monday Morning Coffee – More Investment Opportunities

Scott Voak — Mon, 10 Jan 2011 21:42:27 +0000

Monday Morning Coffee

Cash Flow Investments

Good morning,

I hope you had a nice weekend and are getting 2011 off to a good start. It’s pretty quiet around here, but we are gearing up for a busy 2011.

Not much new market wise, as the year is just getting underway, but I am hearing about more problems starting to rear up in the commerical real estate area where the rents are supposedly stabilizing, but the vacancies are high and there are a very large number of delinquencies. Let’s home the stock market keeps going up and people start spending a more and more.

We are finding some great opportunities for investors. This weekend I drove about 8 of them and spoke with tenants in 2 of those. Of the 8, only 3 (maybe 4) look worth pursuing, but if you have access to the investment site, they are posted there now with the financials. If you don’t, they are all in the City Heights area (there was one in Vista, but it needs a LOT of work, so I skipped it). The nice thing is that 2 of the properties can be picked up for under $300k (1 under $200k) and the cash on cash return is over 10%. There are also 2 larger properties where sellers would like to combine adjacant investments and sell as one. One of these is around $700k and the other close to $1M – again, returning about 10%. Let me know if you do not have access to the financial blog and want more information.

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Oceanside Investment Property

Scott Voak — Wed, 29 Dec 2010 20:35:20 +0000

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Monday Morning Coffee – Dec. 19th

Scott Voak — Mon, 20 Dec 2010 18:53:16 +0000

Monday Morning Coffee

Christmas Shopping isn’t Done Yet

Good morning,

I hope your shopping is finished (or at least more finished than mine is!) I guess we can’t complain too much about one week a year of bad weather, but wouldn’t you know it would be the week we all are running in and out of malls – take your vitamin C and Chicken Soup.

We are continuing to make changes to our systems at year end to provide better service next year. Of course, we wanted to be done December 1, but are now hoping to beat January 1. One of the biggest changes is in staffing. My assistant, Tanya, has left to take a job with the Department of the Navy. It is a great job and they are paying for her to get an MBA – I wish her the best of luck, she was a great asset and this new position offers her great opportunities. We are very fortunate to have found a replacement for her quickly. Elidie joined our team on Wednesday and is quickly getting up to speed. She comes from a strong real estate background and has been an office manager (those of you who know me know that I need someone to manage me). I am looking forward to continuing our growth path with Elidie on the team. Read more ...

San Diego Real Estate Cash Flow Opportunities – Dec 15

Scott Voak — Wed, 15 Dec 2010 03:17:24 +0000

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:

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