Archive for the 'Localism' Category
Upcoming Local Event Near Lake of the Pines, Auburn Ca ~ Larry Diehl & Friends Acoustic Concert
Another Upcoming Local Event Near Lake of the Pines, Auburn Ca ~ Larry Diehl & Friends Acoustic Concert is coming May 31, 2013 at 7:30 p.m.
This event will take place at the Auburn Placer Performing Arts Center at the State Theatre. continue reading…
Upcoming Event Near Lake of the Pines, Auburn Ca. ~ Auburn Spring Home Show
Upcoming Event Near Lake of the Pines, Auburn Ca. ~ Auburn Spring Home Show is coming this weekend May 17th – 19th 2013. This event takes place at the Gold Country Fairgrounds. continue reading…
Rent It or Flip It?
Rent it or flip it?
Last year the answer to this investor question was simple. Rent it. My investor clients would buy cheap foreclosures, fix them up a bit, and rent them for 10+% cash-on-cash return.
This year the small investor environment has changed. Prices have gone up; those cheap “fixers” have mostly disappeared. We can still find properties that return a more modest 5%-7% but now, because home prices are rising and the inventory is low, you should be looking at the advantages of taking short-term profits by buying, fixing, and re-selling as soon as possible.
What should you consider as you make the decision, rent it or flip it?
- Short-term profits vs. long-term profits
- Risk of a market downturn if we hold and rent
- Tax consequences of each strategy (a topic unto itself)
- Holding costs during remodel
- Landlord skills vs. remodel skills
- Fun. Yes, fun. Which is more fun?
- Use of profit.
What does that mean? Use of profit. Suppose you decide to flip the property, and after all costs (buying, holding, remodeling, selling, taxes), you net a modest $35,000 on a little ranch home flip. I give you a check for $35,000. After taxes. Net. Profit. $35,000. So what? What are you going to do with it?
- Pay bills?
- Buy another “flipper” and do it again?
- Put it in the bank? (No!)
- Go to Bali for 6 months (My vote!)
Lake of the Pines Custom Home for Sale
Lake of the Pines custom home for sale.
This one is a rarity for the gated northern California community– a newer-built home.
Completed in 2005, this lovely custom home is on the quiet end of the best street at Lake of the Pines, Woodhaven Place. How can I call it “the best street?” Well. this is my blog so I can do whatever I want, but that bit of snippery aside, Woodhaven Place really is pretty, quiet, and with little traffic. It’s one of those lollipop streets, a short stick with a loop at the end. This home is on the loop. Some of the coolest people live on Woodhaven. CJ and me, for example.
This home is a perfect blend of beauty and function with a superior floorplan and no wasted space. Not too big, not too small. The master and convenient office are both on the main floor with no steps from the driveway or garage.
The modern kitchen is designed for someone who loves to cook.
Modern bathroom.
The great room features doors to the balcony, fireplace, and high ceilings.
Downstairs has 2 bedrooms & full bath.
New fixtures, fans, lights and built-in bookcases throughout.
This is an exceptional property in an extraordinary location.
How much? I knew you were going to ask that.
$537,000
Lake of the Pines High School – Auburn, Ca Bear River High
Lake of the Pines High School – Auburn, Ca Bear River High School is located near the community of Lake of the Pines at 11130 Magnolia Road Grass Valley, CA 95949 (530) 268-3700. continue reading…
Sara Watkins in Grass Valley, CA
Sara Watkins will perform in Grass valley at the Center for the Arts on Saturday, May 11.
I have my tickets! Do you have yours? Still some left when I bought mine today.
Lake of the Pines Middle School – Auburn, Ca Magnolia Intermediate
Lake of the Pines Middle School – Auburn, Ca Magnolia Intermediate School has enjoyed serving students in the Sierra Foothills since 1975. They currently have about 620 students in grades 6-8. Located between Grass Valley and Auburn near the community of Lake of the Pines, they are nestled among the beautiful trees and blue skies. They are in the Pleasant Ridge Union School District, their physical address is: 22431 Kingston Lane Grass Valley, CA 95949 Phone: 530.268.2815. continue reading…
Lake of the Pines Elementary School – Auburn, Ca. Cottage Hill Elementary
Lake of the Pines Elementary School – Auburn, Ca. Cottage Hill Elementary School is located near the community of Lake of the Pines. They serve approximately 550 students in grades Kindergarten through Fifth. They are in the Pleasant Ridge Union School District, their physical address is: 22600 Kingston Lane Grass Valley, CA 95949 Phone: 530.268.2808 continue reading…
Upcoming Local Event in Auburn, Ca. Near Lake of the Pines ~ AUBURN CRUISE NIGHT
Upcoming Local Event in Auburn, Ca. near Lake of the Pines ~ AUBURN CRUISE NIGHT. This fun event begins May 10th – September 13, 2013 from 5 p.m. – 9 p.m. the 2nd Friday of each month. Upper Lincoln Way Auburn, Ca. 95603 530-878-7936 continue reading…
Auburn, Ca. Upcoming Local Event: Fast Fridays Speedway
Auburn, Ca. Upcoming Local Event: Fast Fridays Speedway begins May 10th with the Season Opener! This event runs from May – October 2013 and is located at Gold Country Fairgrounds in Auburn, Ca. continue reading…
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Click on any number for a description of the area
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