Monday, December 28, 2009

Santana Row Bank REO Loft Condo $435,000

1099 square foot two story loft in DeForest Building now bank owned. These units sold for over $700,000 less than two years ago. Excellent quiet location on the rear top floors facing West. Just came on the market. Make a move to Santana Row while the few short sale and REO properties are available.

Sunday, December 13, 2009

2 new short sale listings - not on MLS in San Jose & Gilroy

Two excellent deals for investors or for home buyers who are getting cut out of the market due to "all cash" offers.

1. 4 year old home, zero lot line in Gilroy. 3 bed, 2.5 bath, just shy of 1,500 sq ft. 2 car garage. Excellent condition. One of the few homes in this tract with a full driveway. $325,000.

2. San Jose single family home. Details to come very soon. 1 week away from trustee sale. We have had great success even in these last minute opportunities to have trustee sales postponed. All we need is a listing agreement and an investor or home buyer to write an offer.

Let me know if you have an interest right away.

Monday, December 7, 2009

Wells Fargo Short Sale Success!

Very fast short sale approval process just concluded today with Wells Fargo. This was on an investor owned duplex in San Jose that was 7 days away from trustee sale when we started this project. Trustee sale was postponed when we submitted a ratified offer. All email transaction with the short sale negotiator. Full short sale approval in under 3 weeks - that's including a Thanksgiving holiday. Way to go Wells Fargo! Win for the bank, win for the borrower and win for the new investor.

Sunday, December 6, 2009

2 Investment Meetings this Week

Bay Area Apartment Brokers Forum - hosted by Richard Domich and Keith Suddjian at the First American Title Building in San Jose - every 2nd Wednesday of the month - 4th floor - from 8am - 9:30am. This month's meeting is Wednesday December 9th. Strictly a forum for multi-family investment properties - some mixed use buildings tolerated! Actually it is a great meeting that has been in existence for over 20 years. If you want the pulse of apartments in the South Bay - this is it.

The Income Property Marketing Group - hosted by Steven Pugh of Alain Pinel in San Francisco - at the St. Francis Yacht Club - 7:30am - 9:00am every 2nd Thursday of the month. An excellent meeting to discuss real estate investments throughout the Bay Area and Northern California. Heavy emphasis on San Francisco properties for sure. The knowledge base in this room every month is impressive. Small door fee of $5. This month's meeting is Thursday December 10th.

Looking forward to seeing new faces at these meetings. Happy Holidays!

Friday, December 4, 2009

San Jose Retail Strip Center & Fourplex Price Reductions

Just reduced to $1,600,000 - This fully occupied 5 tenant retail strip center at 302-310 Willow Avenue and an adjacent fourplex at 1011 Locust Avenue. Very well maintained property - excellent investment.