The Flipping Pad

Tahoe is a level and slightly declining market at this time—that is, in the low end of the market. Entry priced homes. South Lake Tahoe has seen a substantial decline in such homes, of which there are many. It is possible to find homes in the 4200’s in South Lake Tahoe. I have owned many investment properties there, having purchased in the 1997 – 2002 period. Most, I held for two to three years, and most sold at about 2 time what I paid. Of course, this market is on the down swing, but as more people are now investing in real estate than ten yars ago, it is prudent to be decisive, in my opinion.

By the way, I am also a Realtor. Call me if I can be of service. I bring to the table my investing expertise and my years living all around Northern California.

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This pad is currently off the market or sold.

Thanks Patrick. That is very helpful. Any word on the other property in the area with the double lot?

Keep in mind that you’ll always need to hold a property for a longer period of time in second home markets.

Sean, according to most market forecasts, the North Lake Tahoe area has seen pretty great appreciation over the past year (only in the under 500k range). However, a lot of what they are seeing is seasonal drop in sales. I’m a fan of this area for investors because it is transitional. In my opionion, the Tahoe area will continue to grow as more families move away from the Silicon Valley.

Saw a lot of houses on the Market in North Lake Tahoe. What is the market doing in that area?

There is another in the area that went up recently with a double lot. I’ll post it this evening. I’m not sure which presents a better value.

Would love to check this place out, definitely has potential.