Quote Of The Week

“The only excuse for being broke is being in Jail.” – 50 cent

Yeah…… I’ll let you chew on that for a while.

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Remodeled Tudor in Tower For Sale!

989 N Arthur Ave, Fresno, Ca 93728

$1500 in buyer assistance!
$1500 bonus to buyers agent!
MLS number: 376121

  • 2/1
  • 1,418 SqFt
  • 6,272 SqFt Lot
  • $134,900

Charming Tudor in the Tower District. This home has been completely remodeled and updated but you will recognize the unique features of the Tudor style. In May, seller installed dual pane windows throughout, refinished hardwood floors, and updated electrical. Nice and light formal living room and formal dining, arched doorways and coved ceilings. Ceiling fans throughout. Kitchen has cherry wood cabinets, granite counter tops. Stainless steel appliances, gas range, updated fixtures and inside laundry. Note the old fashioned charming built-in china cupboard in the breakfast area. The Bonus room is great for office, studio or playroom. AC/heater and roof were installed in May 2011 also. Newer landscaping in this charming backyard. Potential RV parking. Enjoy the charm of yesteryear plus modern convenience; your buyer can be the first to enjoy all the upgrades! It’s a corner lot.

Call Jim Cavanaugh of London Properties at (559)436-4000

 

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Quote of the week

“Success is almost totally dependent upon drive and persistence. The extra energy required to make another effort or try another approach is the secret of winning.” – Denis Waitley.

The number one common denominator between highly successful people is the consistency of hard work, drive, and persistence. Always going above and beyond what is expected.

Why? Because, ordinary efforts get ordinary results.

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New Property Available! 3949 N Pleasant Ave., Fresno, Ca 93705

New Property Available!

3949 N Pleasant Ave., Fresno, Ca 93705

– $74,000 Cash

– 3/1.75

– 1,092 Sqft

– Brand New Roof, dual pane windows, new paint inside and out.

– Only minor repairs needed. About $5,000.

– Clean neighborhood, near schools and a park.

– Click HERE to see more pics.

– Call us today to get more info and receive a Property Profile breaking down all the specifics of this property!

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Mortgage Rates On The Rise

Mortgage Rates On The Rise.

The average interest rate for a 30-year home loan rose from 4.81% to 5.05%. An end to the 40-year low.

Analysts expect rates to continue to rise through this year, to about 5.5%.

Rates have been rising since the end of last year due mostly in part of fears of near future inflation, as investors demand higher returns on Treasury bonds.

Many analysts believe the higher rates will not effect buyer’s decisions to purchase homes, as history has shown. 30 years ago home loans rates were 18%. And at the height of the last housing boom, 30-year fixed rate was 6.76%.

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Cash Buyers Up 100% Since 2008

Cash Buyers Up 100% Since 2008

In light of many “Doom-and-Gloomers” running around crying “there’s no money, no one is buying houses!!!,” it is nice to catch a breath of fresh air and hear some hard facts. A recent article posted in The Wall Street Journal, helped shed some light on the current state of the national Housing market.

Public Domain Image of a houseIn 2010, all cash buyers represented 28% of transactions across the country. In October 2008, that number was just 14%. Places like Miami and Fort Lauderdale had over 50% and Phoenix cash buyers represented 42% in 2010.

Although the housing market has not fared as nice as the Stock Market (DJI & S&P up 80% since March ’09), this increase in investor activity is a good sign that the pool of confident buyers is increasing as the outlook on the economy grows stronger.

You can read the full article at The Wall Street Journal Here.

Percentage of homes purchased with cash

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Five Biggest Mistakes That Entrepreneurs Make – Jerry Kaplan

1. Unclear goals and mission. It is very beneficial to sit down and write out your goals and mission.

2. Trying to prove that they are smart. It is usually the result of ego gratification, not to advance your business. You may not want to share the credit of your success.

3. Greed. Doing it for money. Many people do not want to raise capital because they believe they have the right to keep more of the profits because they are doing the work. Kaplan suggests asking yourself the question, “Is my company going to be worth more after I raise the money?”

4. Hiring people they like, rather than people they need. A company is not a social club. If you only hire people you like you will not be hiring the critical skills that are needed to build a business.

5. Not knowing when to let go. Building a company is very similar to raising children. As children grow, your relationship with them changes, and what you can add to them also changes. The same thing is true about companies.

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Simon Cowell’s Secrets on Success

The man who needs no introduction, shares his “secrets” on success on “Oprah Presents Masterclass.”

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Investment Property Available!

4208 N Kavanagh Ave., Fresno, Ca 93705

  • $70,000 Cash Only
  • 3/2
  • 1,104sqft
  • 6,000sqft Lot
  • HVAC
  • Newer Roof
  • Dual Pane Windows
  • Nice Pergo Laminate Flooring
  • New Paint Inside and Out

This property is located near Ashlan and Hughes avenue. For a rental, it would need approximately $2,000 in very minor repairs and clean up, and would fetch an easy $1,050/mo in rent (17% Gross ROI). Or put in about $6,000 and turn this into a fix-and-flip with an After Repair Value of $105,000 (supported by many comps). One house on the same block was just renovated, and a house a few doors down is currently being renovated, so this is an up-and-coming neighborhood. Click on the “More Pictures” link below to see additional pictures and contact us today to get a Property Profile, breaking down all the information, sent to your email.

More Pictures

Sam: (559)394-9505

Chris: (559)593-2987

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House Flipping Tips

I read an article on Realtor.com this morning that just immediately affirmed what I have already been stressing to our investors. People think the market is softening, because those that are flipping their properties are not moving as fast as they used to.

Well, really the issue is that these FHA buyers are becoming spoiled! They have more options at all price points than ever before. Here in our market you can pick up a $130,000 house with every amenity and even better than houses priced well over $250,000. All the options most of the homes built between 2004-2007 people were passing on because of the price. Granite tops, Stainless appliances, Recessed lighting, and the list goes on. And God forbid you choose not to put some type of mocha color on the walls, you will watch your DOM climb to scary heights.

Now this isn’t every case , and there are still other factors at play here like Location, the neighborhood, etc. But Like I said before, these buyers have multiple options at their price range. So pay attention to detail, it’s cliche but the little things are what is making things move, and what is stopping them from doing so as well. Here is a list of some things that I would recommend in any and all flips:

  • New 6 Paine doors ($100/door installed)
  • Choose nice hardware (oil rubbed bronze adds a warm touch)
  • Tile flooring!! (It looks so much better than Lino + quality tile is as cheap as .99 cents/Sqft)
  • Base Boards (3 1/2-51/2 is preferred)
  • Light Fixtures (They don’t have to be expensive, they just have to look good)
  • Some earth tone on the walls (White walls are so 1990’s get with the program)
  • Tile off the fireplace (This is a cheap way to face lift & modernize something old)
  • If your budget permits add granite to counter tops (Your competition does)

Most importantly take the time to make sure all of the color choices you are using flow together well and compliment your property. If you lack any kind of ability in the interior design department, that is OK, find someone to get a good opinion from that knows a thing or two. Don’t be a radical, don’t try to set a new trend with your chosen color theme and you should be alright. Also when making choice on what to do and what not to do, make sure that every penny invested logically can be recouped and even profited from. Avoid  wasteful money pits, and things that are not going to turn you a profit. Like replacing an entire fence that does not need to be replaced just to make it look better.

Last but not least get a good broker or listing agent to represent you, preferably a hustler that understands marketing and know how to get things done in this market. There are too many lazy and incompetent agents out there!!!

Follow the Link Below to read the article in mention from Realtor.com

http://www.realtor.org/rmodaily.nsf/pages/News2011012501

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