Gold Ridge, Pollock Pines - Announcing a price reduction on 3542 Gold Ridge Trail, a 1,951 sq. ft., 3 bath, 3 bdrm single story. Now 
MLS® $435,000 - ONLY 3-YEARS-OLD.
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JUST MINUTES TO JENKINSON LAKE
• 3,000 sq. ft., 4 bath, 5 bdrm 2 story - MLS® $439,000 - LARGE HOME - 3000 SQ FT
Lakewood Sierra, Pollock Pines - Live in paradise. LesS than 2 miles to Jenkins/Sly Park Lake. Open floor plan. In-law qtrs. Great loft for your home office. Spa room with spa. Will cosider owner financing
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Polaris Street, Pollock Pines - Announcing a price reduction on 2841 Polaris Street, a 861 sq. ft., 1 bath, 2 bdrm single story. Now MLS® #60128030 $259,900 - AFFORDABLE HOME IN TOWN.
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Placerville Fixer
• 1,593 sq. ft., 2 bath, 3 bdrm single story - MLS® #60129611 $325,000 - Short Sale
Cedar Vista, Placerville - Spacious home on two beautifully treed lots. Needs some TLC but perfect for investor or 1st time buyer. Great buy in a quiet neighborhood. Walking distance to downtown shopping, parks, hospital and public pool. Short Sale
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Live in One and Rent The Other
• 1,680 sq. ft., 2 bath, 4 bdrm single story - MLS® $330,000 - REDUCED FOR QUICK SALE
Spruce Street, Pollock Pines - Great Duplex with Garage's long term tenant would like to stay. Nice and clean, good sized yards.. live in one rent the other..
Nice decks to enter property good space in front for small yard and rear has nice size yard
Notice good sized garage for both units.. a big plus..extra privacy for tenants to have 2 garages between the units.. nice seperation.. lots of parking
Nice cement driveway.. low maintance .. nice property
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Note that this information is outdated.
The problem with subprime lenders means there will be more homes in an over-supplied market and not as many people who can step in to make purchases. By Les Christie, CNNMoney.com staff writer March 13 2007: 5:01 PM EDT NEW YORK (CNNMoney.com) -- Subprime lenders are already getting crushed, but the impact rising mortgage delinquencies will have on home prices overall is still an open question. At a minimum, it means financing is drying up for those with less-than-perfect credit and that spells fewer home buyers. Current Mortgage Rates Type Overall avgs 30 yr fixed mtg 5.68% 15 yr fixed mtg 5.44% 30 yr fixed jumbo mtg 6.01% 5/1 ARM 5.44% 5/1 jumbo ARM 5.65% Find personalized rates: Video More video The subprime mortgage market is heading for a meltdown with some major lenders defaulting on current financial agreements. CNN's Gerri Willis reports. (March 10) Play video And foreclosed properties will add supply to a housing market that already has too much. "It's going to be a really big deal," says Dean Baker, co-director of the Center for Economic and Policy Research. "[National] inventory is 20 percent higher than last year, vacancy rates have soared and prices are down about 3 percent," he says. "Now, with the tightening of credit, I don't see how prices don't fall another 5, 6 or 7 percent." The tightening of credit could take as many as one million buyers out of the market, says Baker, citing Bear Stearns research. "Even if you cut that in half, say to 400,000 or 500,000, that's huge." Mark Zandi, chief economist for Moody's Economy.com, is also concerned. "I think the subprime problems will take housing activity to a whole other level," he says. Zandi is projecting a doubling of subprime defaults this year to 800,000. "Those homes will go on the market at a discount and will weigh on the market," he says. He also believes that 500,000 fewer Americans will be able to obtain
Sly Park Hills, Pollock Pines - Announcing a price reduction on Ca-6221 Shad Way, a 2,400 sq. ft., 3 bath, 4 bdrm 2 story. Now MLS® $350,000 - PRICE REDUCED 49K!!!!.
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• 1,168 sq. ft., 2 bath, 4 bdrm single story - MLS® #60101434 $285,000 - 4 bedroom home under 300K
Easy Street, Pollock Pines - Darling little cottage in the woods with new bathrooms. Cozy with very relaxing patio amid the flowers & pines. Plenty of parking, additional building area. Home has newer vynal winows, new doors, remodeled baths.
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• 861 sq. ft., 1 bath, 2 bdrm single story - MLS® #60128030 $269,900 - AFFORDABLE HOME IN TOWN
Polaris Street, Pollock Pines - MOUNTAIN LIVING! The affordable price makes this perfect for the forst time buyer. It could also be your mountain retreat. Cute little cabin style home. Wood floored entry and hallway. Vaulted wood ceilings. Ceiling fans. Remodeled bathroom. Fenced front and back yard with vehicle access to the back. Walking distance to Pinewood Elementary School and town for shopping and great restaurants.
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• 1,815 sq. ft., 3 bath, 3 bdrm duplex "IMMACULATE CONDITION" - MLS® #70000560 $394,000 - Two Beautiful Homes
Shadow Lane, Pollock Pines - 2 Immaculate homes on a corner lot. Completely updated in 2006 with new electric, plumbing, fixtures, Granite counters, Central Heat & Air, Dual pane windows, garage doors, paint inside and out. Turn-key home with no maintainence for years. Great income of $2100/mo. Inside laundry area. 2 private patios plus tool shed and workshop. This is a great deal. It gets better - Owners may be willing to carry part of the loan. Call for more information. DON'T MISS THIS INCREDIBLE INVESTMENT OPPORTUNITY
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![Well_house_2[1]](http://media.point2.com/p2a/listing/0218/4657/00a8/f2d549ccc332dd2e8894/w475h356.jpg)
• lot / land "10 Gorgeous Acres" - MLS® #60051253 $240,000
Somerset, El Dorado County - Escape to the serene beauty of southern El Dorado County. Build your dream retreat on this beautiful 10 acres located in the heart of wine country. With several building sites, you can take your pick - Build at the bottom were the driveway and gate are already in or build at the top using access from Seabird Court and take advantage of the beautiful local view. Either way, you can not go wrong. This property has it all. The well has a 1500 gallon storage tank complete with pump and locking well house. A perc. test has been completed. There is a 12x16 insulated shed for storage. The new orchard has several established trees as well as an additional 1000 water storage tank dedicated to drip irrigation for the fruit trees. The property is fully fenced and almost completely free of poison Oak. The native wild flowers, seasonal creeks and dramatic granite formations make this park-like property very special. Make this your hideaway. Call today for a private tour!
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You've done it. You are living the american dream. You are in your home and you are able to manage those monthly payments comfortably. It's been a few of years and, based what your neigbor's home just sold for, you have a little equity. You're thinking, "Maybe it's time for a change." You think maybe you should "move on up" to that bigger home in the "nicer" neighborhood. You may be right. Now may be the time for you to sell your home and "upgrade". Before you start packing, consider this....
What about investing in rental property? Maybe you don't think of yourself as an investor. Only people like your rich uncle own rental property. Ever wonder how your uncle got rich?
Yes, it's a risk. If you don't have a renter for a couple of months, it get's tough to make those mortgage payments. Even worse, what if your tennant destroys your house and doesn't pay the rent. It can be quite costly in California to evict a tennant. Not to mention the call on a Tuesday evening stating that the water heater has caught on fire and now there is no hot water.
These are all very real things that have happened to my husband and I personally, but I would do it again and again. Nothing ventured, nothing gained. When we bought our first rental property, we never thought of ourselves as "landlords". Chris was working as an exterminator and I was running a day care in my home. We were living in an 1100 sq. ft. home in a modest neghborhood. It had not been long since we had been renters. Chris got the idea that we should refinance the house and get a better interest rate. We called our mortgage broker (who was also our realtor) and asked her for advice. Chris thought maybe we could use equity toward a rental. I thought he was crazy. Our broker initially did not take the inquiry seriously. I suppose we were not very impressive during our transaction. She looked into it and found that our credit had increased substatially in two years. She found us a cute halfplex in a nearby up an coming community. We did not hesitate. We wrote an offer the first night out looking. After a short escrow (a daily bout of buyers remorse), we found ourselves proud new real estate investors. We placed our ad and found our first tennant. A year and a half later, we bought our second rental. (New broker and Realtor, but that's a dfferent story). We've learned a lot in the last few years. Credit screening - a must. Always hire a professional - no more do-it-yourself. We've still got a ways to go and a lot to learn, but we're game.
I look at our experience this way. If we can do it, anyone can. There were, and still are, very stressful moments in our investment career. We have to try. The alternative is not trying. We realize that in order to retire, we need residual income. Now don't get me wrong, we're not rich...yet. Through our experience we have become people with goals. Our goal is to leverage our income now to buy us time in the future. We can see our dreams now. Investing in real estate has done that for us.
We would love to hear from other investors or those interested in becomming investors. Post your comments or just give us a call or e-mail.
Regards,
Janet Gaut
Live in One and Rent The Other
• 1,680 sq. ft., 2 bath, 4 bdrm single story - MLS® $345,000 - Cute and Clean Duplex
Spruce, Pollock Pines - Great Duplex with Garage's long term tenant would like to stay. Nice and clean, good sized yards.. live in one rent the other..
Nice decks to enter property good space in front for small yard and rear has nice size yard
Notice good sized garage for both units.. a big plus..extra privacy for tenants to have 2 garages between the units.. nice seperation.. lots of parking
Nice cement driveway.. low maintance .. nice property
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LIVE AT FOLSOM LAKE
• lot / land "Fantastic Folsom Lake View!!!!" - MLS® #60011875 $699,000 - GORGEOUS FOLSOM LAKE VIEW
The Summit, El Dorado Hills - LIVE AT FOLSOM LAKE!!!! Just a 5 min walk to the marina. You have finally arrived! Build your dream estate on this gently sloped half acre with a fantastic lake view. Lot is level at the street for a level driveway. There are not many lots with this spectacular view remaining in the prestigious Summit gated community.
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Let us introduce ourselves we are Chris and Janet Gaut. This site will keep you up to date on El Dorado County real estate (and sometimes how to be happy at home). Pollock Pines California is where we live and concentrate our business but we service all of El Dorado County, Sacramento County, Placer County, and Amador County. Chris grew up in Shingle Springs and has lived in this area for over 30 years. Janet grew up in the Bay Area and now has lived in El Dorado County for over 15 years.
We are definitely happy at home and will share why. Look for future blogs.
You ARE who your friends are.
Be back real soon.