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Low prices, low interest rates and a steady supply of distressed homes on the market have made for a “perfect storm” opportunity for Carmel Valley real estate investors in 2012. Individual investors are looking to either buy and hold rental properties for long term appreciation, or to pool capital in order to rehab and flip single family homes in North County for short term profits. The real estate market in San Diego is offering unique opportunities to investors of all income levels, though it’s critically important to work with an experienced operator/realtor who has the track record and system in place to take full advantage of today’s buying opportunities.
In the real estate investing world there is an expression that states “you make the money on the buy” which stresses the importance of acquiring the home at the right price. Across San Diego County, from the South Bay to Carmel Valley homes and Encinitas real estate, real estate agents are scouring the MLS, auction listings and private sellers for the right opportunity to buy properties that are in need of repair but offer upside through their location, school district, orientation or rental demand. Sometimes these houses are bought via a short sale, bank owned listing or regular equity sale and with fierce competition from other buyers, investors have to be disciplined in not overpaying for a property that still needs to be fixed up. The key is to turn the homes as quickly as possible to minimize the market risk and take advantage of the low level of inventory when it comes time to resell. The other benefit of investors coming back into the San Diego real estate market is that local communities that have distressed homes are being revitalized with “flip” properties that often attract a first-time homebuyer. Renovated homes tend to command top dollar and thereby help pull up real estate values for neighboring homes.
Some projects need minimal renovation – carpet, paint and countertops for instance – whereas others offer greater upside by reconfiguring rooms, redesigning landscaping and correcting foundation issues. The Dalzell Group believes the most important goal is to first preserve the investor’s initial capital. Then by diversifying funds across multiple properties to minimize the risk they can achieve maximum profits by closely managing the construction and resale process. So far in 2012 this strategy has allowed our investors to allocate amounts ranging from $25,000 to over $500,000 in a flexible investment vehicle that is generating 20%+ annual returns. For more information on rental properties or flip opportunities call the Dalzell Group at 858-755-7740.
Jim and his wife Jo, have lived in Carmel Valley since 1987 and first got into the real estate business in 1992 after a successful career in the construction industry in South Africa. Kevin Dalzell joined the Dalzell Group Real Estate team in 2002 after playing professional rugby in Europe (represented the U.S. in two Rugby World Cups) and is now living with his wife, Nina, in Solana Beach. Ryan Dalzell coordinates the team’s marketing program, and he joined the group in 2004 after working as a flight instructor. Ryan lives in Carmel Valley with his wife Julie and their 3 children. Amber Worsham recently joined the team as the new Marketing Manager & Transaction Coordinator. With over five years of experience in marketing real estate in Coastal North County, Amber provides us with extensive expertise in the print, internet and direct marketing aspects of the business.