Brentwood, CA Foreclosed Homes Look Sweet!

Recently, I took a client on a tour of "bank owned" foreclosed properties (REOs) currently for sale in Brentwood, California. Much to my client's surprise, the houses we toured were in very good condition and were located in well maintained neighborhoods. Almost all of the homes we looked at were in "move in" condition - a few needed fresh paint and/or carpet; but for rental properties it was a dream come true, especially after touring much older homes in the San Francisco Bay Area.

NOTE: Since we were looking for rental properties, we set the following search parameters: Detached homes, built on or after 1999, priced below $250,000 with 3+ bedrooms. Our target rents were in the $1,400 - $1,700 per month range.

With interest rates in the 4.75-5.75% range a real estate investor can put 20% down and generate positive cash flow on almost every home we looked at. It's no wonder that since Jan. 1, 2009 over 250 homes have either sold or gone "pending" in Brentwood. Other real estate investors see the opportunity as well. If you are considering a real estate investment, I'd highly recommend Brentwood, California.

And with the stimulus bill allocating money for improving the Vasco road corridor & the construction of the high-speed train system an investment in Brentwood could be a very smart move.

If you'd like to learn more about this incredible opportunity, give me a call at 925-330-7507 or e-mail me at mark@darfler.com You can also search homes in this market, and other Bay Area markets, by visiting my web site at http://www.darfler.com/