Whether you are planning to sell or purchase property, choosing an agent with whom you feel confidence and trust is vital to your success. Please don’t hesitate to contact me with questions, or to schedule …
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News and issues affecting buyers and sellers, including articles previously published on this blog, online, and in print.
Properties listed by the Cuneo/Randolph sales team: Nicki Randolph of Zephyr’s SOMA office, and Jackie.
Events, newsworthy items, and neighborhood-specific restaurants & retail tips for the Dolores Park area. Comments and tips especially welcome in this section.
News snippets about mortgages, rates, and National + San Francisco Real Estate legislative issues.
Properties sold by Jackie–buyers and sellers represented.
6 unit for sale in the Mission
This 6-unit building is for sale. Does it look like a good place to invest your $$? It does to me.
The good news: all huge 6 unit units in this classic Victorian building are vacant–the biggest obstacle for any ambitious contractor is usually working within the city’s many tenant restrictions.
The other good news: The building is described by the listing agent as “completely delapidated” and “uninhabitable”. Yeah! A perfect project.
This building is being sold as a probate, which means that a 10% non-refundable deposit will be required. It’s going to court for overbids–currently a minimum overbid on this beauty will be $1,523,000. Sounds like a bargain to me. If renovated and then marketed as TICs, these units might fetch between $425-500k each, for a sale price of $2,700,000 or more. As rentals, they could generate approx $12,000 or more per month of income before expenses/carrying costs.
If you’d like to talk to me about bidding on this property, contact me for more details. I’ve represented investors on probate properties before–and this one’s a catch.
Don’t miss this important film about the life and legacy of Harvey Milk: activist, public servant, Castro resident. Filmed right here in San Francisco, MILK will give you a different perspective on your neighborhood if …
This article first appeared in Jane and Jane magazine
Selling in a Down Market
1. You’ll Make Less Taxable Profit on the Sale. The first $250,000 of gains, or $500,000 if you co-own with your partner, are …
This article first appeared in Jane and Jane magazine.
With low interest rates, a glut of inventory in many parts of the country, and new legislation designed to make first time home purchases easier, now is …
Step - 1 Make the Decision to Buy, and Interview Agents
Deciding to Purchase: It seems obvious, but it’s good to note that the first step to buying a house is making the decision to buy. …
In light of the recent ruling allowing same-sex couples to marry in California, this subject seems especially relevant. Please note that you may now have the option to take title as community property with right …
One of the biggest frustrations I hear from my clients who own TICs is dealing with the complication of shared tax bills. Once a TIC group of owners is formed, a single tax bill arrives …
