Posts by vbindi

The Rise of Green and Sustainable Real Estate Investments in Southern California

Posted on Apr 10, 2023

The Rise of Green and Sustainable Real Estate Investments in Southern California

by Vince Bindi Southern California, with its beautiful landscapes, thriving economy, and exceptional quality of life, has always been a sought-after destination for real estate investors. The region’s strong commitment to environmental sustainability and innovative building practices has given rise to a new wave of green and sustainable real estate investments. This article delves into the factors driving this trend, the types of sustainable properties available, and the potential benefits for investors. Climate change and the increasing awareness of its impacts have been instrumental in pushing the green and sustainable real estate movement to the...

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Investing in Multi-Family property in southern California

Posted on Mar 9, 2023

Investing in an apartment building in Southern California can be a potentially lucrative opportunity, but it’s important to do your research and understand the market and the risks involved. Here are some key factors to consider: Location: Southern California is a large and diverse region, with many different submarkets and neighborhoods. It’s important to identify areas that are in high demand and have a strong rental market. Some factors to consider include proximity to major employers, transportation hubs, and amenities such as shopping, dining, and entertainment. Market trends: Before investing in any property, it’s important to...

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Much Ado about California ADU’s

Posted on Dec 12, 2022

by Vincent Bindi – Far from nothing… Recent California legislations have made Accessory Dwelling Units (ADU’s) a big deal in California. Such legislation is as follows; SB9, Assembly Bill (AB) 345, Senate Bill 1069, Senate Bill 2299, and others. The bottom line is that this new legislation is designed to try to help alleviate the growing problem of the high cost of real estate in California. These new ADU laws should help in that regard, for the cost of land and limited supply inventory have always been an issue in coastal California cities and towns. There are a lot of legal technicalities pertaining to this new legislation, but I will try...

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Active adult mobile home park sells for $9.25M

Posted on Jun 3, 2015

By Philip Haldiman, Editor-in-Chief | Dealmaker Tricon/Cob Apache Junction MHC LP on Thursday closed on an active adult mobile home park in Apache Junction. The Delaware limited partnership spent $9.25 million on 191 manufactured home spaces within Apache Junction Mobile Homes Park, located east of the northeast corner of Apache Trail and N. Ironwood Drive (800 W. Apache Trail), in Apache Junction. The seller was Marvin Sampson. Pacific Land Company (Derek Harris, Howard Weinstein, founding principals; Connor Peagler, associate) and New Horizons Realty (Ross Cooper, owner) brokered the deal. The buyer intends to hold the park as an investment and as part of a national...

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4 Percent of All U.S. Single Family Home Sales in First Quarter Were Flips

Posted on May 9, 2015

IRVINE, Calif. – May 7, 2015 — RealtyTrac® (www.realtytrac.com), the nation’s leading source for comprehensive housing data, today released its Q1 2015 U.S. Home Flipping Report, which shows that 17,309 single family homes were flipped — sold as part of an arms-length sale for the second time within a 12-month period — in the first quarter, 4.0 percent of all single family home sales during the quarter. The average gross profit — the difference between the purchase price and the flipped price — for completed flips in the first quarter was $72,450, up from $65,290 in the previous quarter and up from $61,684 in the first quarter of 2014 to the highest level...

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