The new location (a stone’s throw away from my office) shares the parking lot of hamburger selling machine, In ‘n Out and is across the street from Pleasanton’s Home Depot location.  Look for special grand opening coupons specifically for the Smart & Final Pleasanton location in your mailbox and be sure to check out the city’s newest major grocer.

For more details, check out this article in the Pleasanton Weekly.

Chris Kamali is a TriValley Real Estate Agent, helping clients buy and sell homes in Dublin, Pleasanton, San Ramon and Livermore.

Bookmarks

The Housing Assistance Act of 2008 now includes a change that takes away much of the benefits to this plan.  The following article in the Wall Street Journal speaks in details to this change affecting the modification of the homeowner’s tax exemption.

Chris Kamali is a TriValley Real Estate Agent, helping clients buy and sell homes in Dublin, Pleasanton, San Ramon and Livermore.

Bookmarks

PG&E
1-800-743-5000

Pleasanton

Pleasanton Garbage Service
(925) 846-2042

Pleasanton Water Service
(925) 931-5425

Dublin

Dublin Garbage Service
925-479-9545

Dublin Water
(925) 828-8524

San Ramon

San Ramon Waste Management
(925) 837-3356

San Ramon Water
(925) 828-8524

Livermore

Livermore Garbage Service
(925) 447-1300

Livermore Water  
(925) 447-4900

Bookmarks

(more…)

Bookmarks

Today, the rental markets in Pleasanton is scorching hot!  Recently, a three bedroom, two bath house in Pleasanton with only 1555 sf rented out for $2600.  A two bedroom condo in Livermore just rented for $1600.  With interest rates still historically low and prices at or near “the bottom” investors are taking advantage and jumping into the market with both feet.  The deals are so good, that with a 20-25% downpayment, many of these properties actually get pretty close to having a break even cash flow.  This is something that has not been seen in years. 

In years past, a California investor who wanted to see break even cash flow would need somewhere between 40%-50% downpayment in order to not need to pay into the mortgage on a monthly basis.  Investors purchased in California not for the cash flow, but for the appreciation on the property.  With today’s market condition, you can see both a good cash flow with as little as 20%-25% down and expect future appreciation.

Let’s take a hypothetical look at how a possible investment property and how the numbers would pencil out.  The below chart shows a purchase price for a 3 bedroom, 1600 sf townhouse in East Dublin.  These units sold for over $600K at the peak but today can be purchased in the mid to high $400s and can be rented out in the low to mid $2000 range on a monthly basis.

As you can see by the chart, with a 20% cash infusion, there is an actual $11 positive cash flow when factoring in all tax write offs including depreciation.  Please keep in mind that these figures are solely for the purpose of discussion and all figures should be validated by a CPA (here is mine!)  The big picture is that indeed today’s market is not a seller’s market, but if you are an investor looking to put your money to work for you in one of the most stable investments out there, this is a great market to consider.  As Mr. John D. Rockefeller is quoted, “The way to make money is to buy when blood is running in the streets.”

To receive daily property alerts with investment properties which fit your budget, please fill out this form and I will be happy to help you in your investment process.

Chris Kamali is a TriValley Real Estate Agent, helping clients buy and sell homes in Dublin, Pleasanton, San Ramon and Livermore.

Bookmarks

(more…)

Bookmarks

As the graph shows, activity has continually increased in the Trivalley for real estate sales in 2008.  A combination of attractive pricing and increased rent has brought back many of the buyers.  The entry level market has certainly heated up and with time this will eventually lead to the mid range and higher priced homes to follow.  Whether we are–at the bottom, several months away from it or just passing it–buyer confidence in the market is back and homes are selling.  If you have any specific questions about your Trivalley neighborhood or the neighborhood you would like to move to, feel free to comment or contact me.  

(more…)

Bookmarks

While I am a proponent of getting feedback from those you trust when you are making a large decision, you must keep in mind that the advice you are receiving is solely based on that person’s personal experience with the matter and not a well rounded responce (unless the person has gone through the same situation several times).  (more…)

Bookmarks

Do you fit in this box…Currently Renting A Two-Bedroom, Two-Bath Apartment And Paying $1800 or more?  (more…)

Bookmarks

 The site pulls in MLS listings and is simply a portal for clients (more…)

Bookmarks