by Gagner | Jan 7, 2015 | Real Estate News
Recently, I had the pleasure of being interviewed by Joe Fairless, host of the nationally syndicated “Best Real Estate Advice Ever” show and podcast. We spoke about a range of topics, focusing on raising money for my various real estate businesses and the basics on syndicating apartment deals. Sticking to his fixed format, I was also able to share my best experiences and resources to the audience. To hear the interview, click on the following link: http://goo.gl/JHHgJl. As I shared the story about getting my real estate business started in 2010, I made sure to let the audience know that the most important advice for beginners is to just take action, even if you are not certain all your goals or objectives. Reading books and pursuing my real estate license were the first steps I took, even though I was not sure at the time exactly how or where I was going to invest. The experience taught me that the right people and resources will be met along the way if you are making forward progress each day. As the conversation shifts to my fix and flip business, we speak about how I use “other people’s money” to finance that aspect of my business, freeing up money to invest in buy/hold real estate for passive income. Structuring deals with hard money and private money has a substantial cost, so it is imperative to find good deals with adequate margin. With the right financial resources (and a little experience), a fix/flip business can be run with a relatively small amount of capital. I walk Joe thru a typical deal structure....
by Gagner | Dec 18, 2014 | Real Estate News
Bay Area Real Estate – Look to Us The Bay Area has a lot going for it and real estate is no exception. Currently, the Silicon Valley economy is firing on all cylinders, making real estate everywhere here increasingly valuable. Key factors such as population and economic growth are rising at a phenomenal pace. In addition, high barriers to entry (ie. lack of buildable land) continue to put upward pressure on home values. Unfortunately, local real estate investors looking for cash flow are victims of our area’s own success. Whether real estate investment opportunities in the Bay Area do or don’t exist, depends on your definition of opportunity. In considering the Bay Area for real estate investments, your options will be influenced by many factors, such as your desire for passive vs active income, risk tolerance, yield expectations and investment horizon. Depending on your goals and resources, it may or may not make sense for you to invest in the Bay Area. The following are a few suggestions to consider. Active real estate investors can certainly take advantage of the rising market to earn great returns on wholesale or fix and flip projects. To pursue these strategies, one must develop the resources, know-how and relationships to be successful. This does take a fair amount of time and risk to execute profitably. The largest challenge for most investors doing this today (me included) is finding “the deal”. The common wisdom in real estate is that you make your money when you buy, and this certainly applies to our local market. The most commonly used methods to find deals are networking,...
by Gagner | Sep 5, 2013 | Real Estate News
This past Monday, September 2, 2013, Bay Area dwellers rejoiced as the new Bay Bridge opened to travelers after final construction came to a close over the long holiday weekend. Having initiated construction on the new bridge in 2002 it only took a mere eleven years to complete the new and improved bridge project. To watch the complete San Francisco- Oakland Bay Bridge construction time lapse (in four minutes!) click, here. Looking to sell your house but don’t have that kind of time on your hands? Allow the Bridge Equity Group to assist. Connecting home sellers, home buyers, and real estate investors (in the Bay Area), Bridge Equity Group works to help you to sell quickly and efficiently. Have a property you’re looking to sell? Need to get into a new home asap? Let Bridge Equity group help you bridge the gap between where you are today and where you’d like to be...
by Gagner | Sep 5, 2013 | Real Estate News
Consider yourself a true Giants fan? Perhaps you ought to consider investing in pitcher Barry Zito’s former Marina home, which has recently hit the market at a mere $1,299,888. Originally purchased by Zito in 2002 for $715K and sold in 2006 for $765K the home contains 2 bedrooms, 1.5 baths and comes with a 1-car garage. Having undergone a recent remodel, the Marina digs feature restored architectural elements, a beautiful new chef’s kitchen, and the added bonus of Zito juju, making it a true ‘home run’. Looking to sell your home? Want to make it a faster turner around than the average market listing? Bridge Equity Group, will buy your home, for cash and fast! Now, that’s a grand slam! For more info on buying this Bay Area home visit – 3417 Divisadero.com Photo: SF...
by Gagner | Sep 5, 2013 | Real Estate News
Following on the tails of a competitive spring market, home-selling speeds fell in July according to Redfin. Their report concludes that in July 2013, 30 percent of homes went under contract within 14 days of their debut, a decrease from 31 percent in June and 33.4 percent in April. However, when compared with last year’s rate of 21.2 percent of homes under contract within two weeks in July, this year’s market is still seeing a marked improvement. According to Redfin, ‘Market speed over the past two years has slowed in July, with many homebuyers taking a break from the market for summer vacation. The seasonal effect is likely exaggerated this year, as Redfin agents across the country report that their clients have temporarily put their home searches on hold, feeling worn down by bidding wars involving as many as dozens of competing bids, not to mention rising interest rates.’ Market speed is anticipated to remain brisk in the coming months. Fun facts about the Bay Area Market: -San Jose (Silicon Valley), California was the fastest moving market, reporting 44.7 percent of homes under contract within two weeks of their debut. -California boasts itself as home of six of the nation’s 10 fastest markets, with ncluding San Jose (#1) and San Francisco (#2) leading the pack. For the full report visit...
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