Joe Farnsworth

Report: Honolulu mortgages take up 73% of monthly income 🤯 Hawaii is a magical place, but it comes with some hefty costs. Costs that are out of reach for most, which is why one of the reasons generational living is so common here. Business owners get to pay some of the highest tax rates in the US as well, but property taxes are low. Will there be a future for our kids in Hawaii?? https://lnkd.in/gqHAjyVG #hawaiirealestate #costofliving #pricedoutofparadise

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Selling a Property with a Solar Lease Agreement? Here's What You Need to Know! Navigating the sale of a home with a solar lease agreement or power purchase agreement (PPA) in California can be complex. This flyer breaks down the key steps, from buyer qualifications to lender approval and title insurance requirements, ensuring a smooth and informed transaction. If you're considering selling a home with a solar agreement or want more information on title insurance, reach out to WFG National Title — we’re here to help! #RealEstate #SolarPower #HomeSelling #TitleInsurance #WFGNationalTitle #CaliforniaRealEstate #HomeBuyers #SolarEnergy #SustainableLiving #RealEstateTips #PropertyTransfer

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"Enter Assembly Bill (A.B.) 1893, authored by Assembly member Buffy Wicks (D–Berkeley) and supported by California Attorney General Rob Bonta, which aims to make the builder's remedy process more predictable and functional for #developers and a little less scary and offensive for #cities." "Wicks' bill attempts to clarify the kinds of standards local governments can apply to #buildersremedy projects, streamline project approvals, and lessen project costs. For cities, Wicks' bill would impose #density caps on builder's remedy projects and limit the areas where they could be built." A.B. 1893 has passed the California Assembly and is currently being considered by the California Senate. https://lnkd.in/ghVj-UnR

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🌟 Small Changes, Big Impact – Tully Rd Property Update 🌟 Unit 25 at our Tully Rd property in Modesto, CA, has a new lease on life – and so does its future tenant! With a $13K investment in thoughtful upgrades, we created a fresh, inviting space that was rented quickly, even in November. 🍂 This marks our third renovation at the property, and with each one, we’ve fine-tuned what truly matters: ✔️ Practical improvements tenants value, like a new sink, modern appliances, and a split air conditioner. ✔️ A focus on efficiency without overdoing it – ensuring affordability and quality. ✔️ Partnerships in Modesto that allow us to move swiftly and deliver results. The outcome? A better living experience for our tenants and a $200 rent bump that reflects the value we’ve added. Every renovation is a step toward creating welcoming homes and uplifting the neighborhood, one unit at a time. 🏠✨ #BuildingBetterCommunities #TullyRdProperty #CreatingValue #RealEstateWithPurpose

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Another investment project ready for the market!

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Boomers VS ADU's | San Diego Nobody wants construction in their neighborhood.  Here in San Diego, the ADU program has faced significant pushback despite some support for the city's effort to increase housing options. It's difficult to ignore the fact that when it comes to construction, these properties are being developed particularly in moderate to low-income neighborhoods. #realestateadvice #multifamily #investingtips #multifamilyinvesting #investingstrategy #multifamilyrealestate #investortips #multifamilyinvestor #biggerpockets

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https://ow.ly/US0B50REmNr In the Sacramento region, several office properties in submarkets like Downtown, South Natomas, and Highway 50 have—or will be—sold for a steep discount. These properties can dramatically cut rents and induce other landlords to drop rents.

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🏡 Santa Clara Real Estate Market Trends - Past 3 Years (Q2 2024) 🏡 Santa Clara's real estate market has shown robust growth over the past three years. As of Q2 2024, the median sale price for single-family homes is $2,027,500, with properties selling in just 11 days on average. Condos and townhouses have a median sale price of $1,250,000, selling in 14 days. Curious about the latest trends and stats? Check out our detailed update. #SantaClara #RealEstate #MarketTrends #HomesForSale #SiliconValley #RealtyNews DRE#01458118

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Oahu - November Monthly Statistics Report: The median sales price for single-family homes was $1,115,000, up a modest 1.4% from a year ago, and condos saw a median sales price of $530,000, up 2.7%. Single-family homes spent slightly less time on the market in November, with a median of 24 days compared to 29 days last year. Condos, however, saw a median of 32 days, up from 23 a year ago. Both markets saw an increase in new listings in November, with 297 new single-family home listings, up 11.2%, and 598 new condo listings, up 30.9%. The condo market saw a notable 93.8% rise in new listings priced at $1,000,000 or above, with 124 at that level compared to 64 a year ago. Active inventory showed a modest increase over last month, up 1.1% for single-family homes and 4.7% for condos; the month ended with 749 active single-family home listings and 2,049 condo listings. Single-family home inventory is up 11.5% over a year ago, and condo inventory is up 53.3%. #HousingReport #Oahu #RealEstate #MarketStats #MedianSales

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16+1 UNITS | SANTA ANA | JUST LISTED Contact Rick Applebaum of Morgan Skenderian Investment Real Estate Group for more information. 949.500.5099 or [email protected] ABOUT THE PROPERTY: The Hacienda Palms Apartments presents the opportunity to obtain an immaculately renovated 10,797 SF multifamily property that was built in 1957 and revitalized in 2013. The property boasts updated modern conveniences and overflows with curb appeal. Consisting of majority two bedroom units and sits atop wo parcels of land combining to an enormous 27,898 SF. This ample lot size provides multiple options to the new investor for ADU’s and individual sales of each parcel. HIGHLIGHTS: -Beautifully Maintained, Turnkey Property -70% Two Bedroom Units -Exceptional Rental Location Bordering Tustin -Newer Roofs, Windows, Decks, Balconies, Railings, Landscaping, Asphalt, Etc. (2013) -Majority of Interiors Renovated -Two Separate Parcels #multifamily #multifamilyinvesting #multifamilyrealestate #rentalproperty #orangecountyrealestate #apartmentinvesting #commercialrealestate #investmentrealestate #santaana #1031exchange #morganskenderian #santaanarealestate #apartments #apartmentinvesting

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Next Tech Team member intro: We are excited to be a technology-driven real estate company based in downtown Reno, Nevada. Our goal is to develop Reno's most powerful real estate investing platform, tailored to help real estate agents grow and succeed in their businesses. A key feature of this tech platform is ADDI, Reno's first and only fully functional AI-powered home investment bot. ADDI uses advanced math and analytics to evaluate any home on the market as an investment, providing you with precise insights to make informed decisions. Learn more about ADDI here ➡ https://lnkd.in/gYY-SvJk This summer, we are thrilled to have Yeamin Chowdhury as part of our Address Income Tech Team through the University of Nevada's internship program. Yeamin's expertise and innovative approach are already making a significant impact to the company and our tech team. Led by our talented team, in collaboration with University of Nevada, Reno CS and IS students, we're pushing the boundaries of innovation in the Reno real estate market. This partnership aims to equip agents with cutting-edge tools and technology to enhance their investment strategies. Stay tuned as we revolutionize the industry and empower agents and our clients with the latest advancements in real estate technology. Learn more on our website addressincome.com 🏡 P.S. Reno real estate agents - We are activly recruiting to add to our growing company! DM me if you would like to sit down for coffee and I'll show you how Address Income can help grow your business using a modern approach. Trevor Richardson CEO and Founder | Address Income - - - B1002905 #proptech #reno #realestateinvesting #startup #realestateagents

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LME Investments: Weekly Newsletter - 12/8/2024 - Santa Monica place mall value dropped 59%, interest rate cut this month and new apartment projects. Hi All Thank you for taking the time to read the LME Investments / Local Multifamily Experts Meetup weekly newsletter. We strive to highlight the most relevant insights, trends, and issues impacting real estate investing, with a focus on the multifamily sector in the nation's largest county - Los Angeles. The Santa Monica Place mall, located by the 3rd Street Promenade, has seen a 59% drop in value, as of it's latest appraisal. The mall, along with the immediately surrounding area, has suffered from less foot traffic, and much higher rates of retail vacancy. In Torrance, the former Gable House bowling alley's apartment conversion is in full swing. The project will contain 218 rental units, and 12k square feet of ground floor retail space. 17 units will be set aside as affordable housing. A 210-unit affordable housing project, via the ED1 program, is set to replace a pair of 1950's apartment buildings in Los Feliz. The property will contain 25 parking spaces, meaning most residents will need to use street parking The Fed appears likely to cut rates in December, though some observers have cautioned against it. Whether more rate cuts are in the cards for 2025 remains unclear. Warm Regards, Sanjeev Bhatia & Shiva Bhaskar, Esq. [email protected] WWW.LMEINVESTMENTS.COM https://lnkd.in/evxVPjvG

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