Apartment Realty Group (ARG) Sells Golden Hill Fourplex

San Diego Fourplex
The fourplex – 4 unit rental property – in Golden Hill located at 1208 31st Street near Downtown San Diego has been sold for $995,000. The subject property is located on a corner lot with excellent curb-appeal and consists of one (1) 2bed/1bath unit and three (3) 1bed/1bath units – all with individual rear private patios.  James Carter and Doug Taber of Apartment Realty Group (ARG) negotiated the transaction on behalf of the seller. The buyer utilized a 1031 exchange for the purchase.

For more information contact us at (619) 354-9897

4th Quarter 2014 San Diego Apartment Market Report

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How to Finance a Duplex, Triplex or Fourplex (video)

The ability to use fixed residential financing certainly makes purchasing a 2-4 unit property – either to live in or strictly as an investment – worth it. Why not live in one of the units and let your tenants pay a large part of your mortgage for you.

Doug is an apartment market specialist with the Apartment Realty Group in San Diego, California. He works with investors who want to buy, sell, and exchange rental units and apartment buildings. Want to purchase San Diego investment properties? Call Doug Taber today at (858)609-9559.

How to Finance a Duplex, Triplex or Fourplex

 

 

San Diego Triplex Income Property

 

 

When considering a purchase of a multi-unit investment property, the first item on your to-do list should be financing. Let’s face it, in today’s high-price real estate market, most people cannot afford to pay cash regardless of the market they’re in.

The good news is, if you want to buy a duplex, triplex or fourplex you’ll be able to use standard residential financing to make a purchase of a property for up to four units. The benefit of using residential financing is that you’ll be able to get a thirty year fixed loan at whatever favorable market rates happen to be available at that time.

Conventional Loans
Let’s say you are looking to invest at least 20% down and buy 2-4 units strictly as an investment property. For this purchase you can use standard Fannie-Mae / Freddie Mac loans.

FHA Loans
If you plan to live in one of the units, but rent the others out, you can utilize a low-down payment FHA loan to make the purchase. In fact – depending on the state / county you live in -FHA allows for increased loan limits for duplex, triplex and fourplex properties. Follow THIS LINK to find out the limits in your local area.

VA Loans
As with any VA mortgage – as long as you intend to live in one of the units – you may purchase a multiplex property using VA’s No Money Down financing for Veteran’s as long as you qualify. If you exceed the VA Loan Limits, you may still qualify with an out-of-pocket contribution to the down payment. Learn more about VA loan limits HERE.

The ability to use fixed residential financing certainly makes purchasing a 2-4 unit property – either to live in or strictly as an investment – worth it. Why not live in one of the units and let your tenants pay a large part of your mortgage for you. I highly recommend that you seek out a quality residential mortgage officer to discuss if you qualify for any of the above programs, but once you do, buying a duplex, triplex, or fourplex property in any market makes great financial sense.

Whether you want to receive the highest and best offer on your fourplex or are investing in a twenty unit multi-family apartment building – Doug Taber can help. Doug is an apartment market specialist with the Apartment Realty Group in San Diego, California. He works with investors who want to buy, sell, and exchange rental units and apartment buildings.

Want to purchase San Diego investment properties? Call Doug Taber today at (858)609-9559.

 

San Diego County Apartment Sales

Pic_4277_4283_Estrella_San_Diego_FourplexHappy New Year –
As a specialist in San Diego County Apartment Sales – 100%  multifamily focused – I’m in tune with the local apartment market. Our brokerage  continues to be one of the most active investment real estate firms in San Diego  County. Below are some of the strategies our most successful clients are employing to take advantage of today’s favorable market conditions:
– Sell and Cash-Out (if you’ve ever considered selling – now is the time)
– Execute 1031 Exchange into larger or passive/hands-free investments
– Perform Cash-Out Equity Refinance with New Long-term Fixed Financing

Should you have interest in obtaining an estimate of value, discussing 1031
exchange / exit strategies or financing options – consider us as a
resource.

Call or email me anytime at (858) 609-9559

Best Regards, Doug

Workshop Caters To San Diego Apartment Owners

Bill Exeter - CEO of Exeter 1031 Exchange Services - and Doug Taber - Senior Associate at Apartment Realty Group - answer audience questions at the 2014 Apartment Owner Workshop

Bill Exeter and Doug Taber answer audience questions at the 2014 Apartment Owner Workshop

Close to fifty San Diego apartment owners and investors turned out Thursday night for the 2nd Annual Apartment Owner Workshop hosted by Apartment Realty Group (ARG). The event was held at the historical Cosmopolitan Hotel in Old Town Park, San Diego.

The workshop consisted of a town hall style presentation from local industry experts. Bill Exeter – Chief Executive Officer of Exeter 1031 Exchange Services – answered a variety of audience questions on how to benefit from 1031 tax deferred exchanges in today’s apartment market. Kathy Belville – Partner at the law firm Kimball, Tirey & St. John – answered landlord /tenant legal questions covering topics like new Fair Housing Laws and the rules around the handling of service animals in apartments. Doug Taber, senior associate with Apartment Realty Group was the moderator for the evening. “Our goal tonight with these fantastic speakers was to provide answers to local apartment owners about relevant topics, but also make it a fun time for them as well. I think we did that tonight. ”

The apartment owner attendees participated in vendor sponsored giveaways and were treated to a hosted happy-hour after the main presentation. Event sponsors included the San Diego County Apartment Association, Luther Burbank Savings, and Ives Insurance Services. There was no charge for the apartment owners to attend. “We don’t charge attendees because we use these workshops as just another way we try to add value to local apartment owners,” said James Carter, broker and senior managing director of Apartment Realty Group, “We’ve had such a positive response this year that we’re considering offering these twice a year.” The next Apartment Owner Workshop is scheduled for March of 2015, according to Carter.

For investment questions or more info on the 2015 Apartment Owner Workshop call the Apartment Realty Group at (619) 354-9897 or visit www.apartmentownerworkshop.com. Apartment Realty Group (ARG) works with investors who want to buy, sell or exchange apartment buildings in San Diego county.

6 Things To Consider When Buying Rental Units

San Diego Rental Units

 

 

 

When I speak with prospective buyers of San Diego rental units – the first thing they ask is, “Do you know of any good deals?” Depending on the market cycle we’re in – buyer or seller – this can be a tough question to answer. I usually respond with, “What’s your definition of a good deal?”

I remember back in the boom years when working with investors – and even homebuyers – most were focused on just one benefit – appreciation of value. I too had ‘speculation fever’- but we don’t talk about that anymore, especially when my wife is near.

Appreciation is just one of the many benefits true real estate investors consider when deciding to purchase income property. Other advantages to owning real estate include income or cash flow and many tax advantages.

In his bestselling book, “The Millionaire Real Estate Investor”, author – and founder of Keller Williams Real Estate Brokerage – Gary Keller advises that there are always ‘good deals’ to be had in the marketplace – as long as the properties meet the rigid criteria of that particular investor.  He further explains that when purchasing investment properties, a savvy investor makes their money when they buy their property – or going in – not when they sell.

Along with their investment goals, real estate investors should measure every property against a strict set of criteria before they even consider writing an offer. This helps take the emotion out of the purchase and ensures against bad buying decisions.

No matter if their purchasing a fourplex or are purchasing a large multi-family apartment building – below are the minimum set of criteria every investor must know in order to make their money going in on any real estate investment.

  1. LOCATION: Where do you want to own investment real estate? This is especially important if you plan to self-manage
  2. PROPERTY TYPE: Single family, condominium, 2-4 Unit Investment or multi-family apartment buildings
  3. ECONOMICS: There are many considerations involved in the economics of your transaction
    1. Price Range: What can you afford?
    2. Capitalization Rate: What are your expected returns?
    3. Cash Flow or Appreciation: What is your goal?
    4. Discount: What is your expectation around buying at a reduced price?
  4. CONDITION: Are you looking for a turn-key investment or a fixer-upper?
  5. CONSTRUCTION: When was the property built – what types of materials used?
  6. FEATURES & AMENITIES: What are your requirements?

Clearly there are many other aspects you need to consider when making the decision to invest in real estate – however if you take the time and consider this short list of six things you need to know when buying rental units – you’ll at least to be off to a solid start in becoming a successful real estate investor.

Want to know more – Call Doug Taber – Apartment Market Specialist at (858)609-9559 or email doug.taber@arg1031.com.

Doug Taber is an apartment market specialist with the Apartment Realty Group in San Diego, California. He works with investors who want to buy and sell rental units and apartment buildings. (858)609-9559 | doug.taber@arg1031.com.

Just Sold – San Diego Rental Unit – Triplex

Brooklyn Triplex ~ Strong Income

Brooklyn Triplex ~ Strong Income

This three (3) three unit (triplex) apartment building is comprised of one (1) 2 bdrm/1bath house and two (2) 1 bdrm/1bath rear units. Located on a 10,899 sf lot, this property offers off-street parking, fenced front yard and washer/dryers hookups for each unit.

JUST LISTED – San Diego Triplex – Strong Income

Brooklyn Triplex ~ Strong Income

Brooklyn Triplex ~ Strong Income

This three (3) three unit (triplex) apartment building is comprised of one (1) 2 bdrm/1bath house and two (2) 1 bdrm/1bath rear units. Located on a 10,899 sf lot, this property offers off-street parking, fenced front yard and washer/dryers hookups for each unit.

For price and details call Doug Taber at Apartment Realty Group (858) 609-9559.

 

JUST SOLD – San Diego Apartment Building – 20 Units $3.3 million

20 Unit Apartment San Diego

 

JUST SOLD – 20 Unit Apartment Building – $167,000 /door. San Diego, CA – Talmadge Palms, a remodeled and attractive twenty (20) unit complex in the high-demand rental submarket of Talmadge, San Diego was just sold by Doug Taber and James Carter of Apartment Realty Group for $3,340,000.
The subject property is located on a large lot totaling 18,369sf consisting of eleven (11) 2bedroom / 1bathroom units, seven (7) 1bedroom / 1bathroom units, and two (2) Studio / 1bathroom units.

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