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Our Estate Concierge Realty actively pursues estate property acquisitions which offer opportunity for equity enhancement through development, renovation, remodel, redevelopment and/or improved management. With expertise in analyzing and overcoming the obstacles for any estate property examined, we recognize and expand windfall opportunities where others do not. We are charged with maintaining a vigilant search for such estate properties by a highly qualified clientèle. To explore this type of estate property ownership opportunity, click here to forward your request .
Santa Barbara area estate property investments continue to out perform other types of property investment in the area, even with the sharp appreciation rates enjoyed in the last few years. Estate properties are one-of-a-kind often irreplaceable possessions. They prosper from a double form of appreciation, that of “rare art” along with that of unique, highly sought, real estate holdings in an area considered one of the most beautiful and desirable places in the world, giving immunity from the effects of more “commodity driven” type real estate assets susceptible to conventional demand fluctuations. Santa Barbara estates are seeing continued robust appreciation even while other areas of California and the country have softened.
We have a clear understanding of this estate property wealth effect; sharing with select investors in windfall opportunities discovered through our Estate Concierge contacts and dealings. We can arrange a group estate property investment scenario for acquisition, refurbishing, vacation rental and eventual sale, all under one umbrella of services expediently provided. One current example is of an estate property acquisition opportunity we’ve uncovered and analyzed. A large, undervalued estate for approximately $4.3 million. Projected property renovations are $500,000. Total investment $4.8 million. Conservative estimate of value after renovation in today’s market = $6.2 million. Profit = $1.4 million. click here to forward your request for these services.
One approach we have found appealing, is estate property acquisitions which are refurbished or remodeled to the finest standards and appointments, then promoted in the luxury estate vacation rental market for excellent investment return. (Many Santa Barbara area estate vacation rentals receive $15,000 to $50,000 per month and more.) We carefully choose and prepare selected estates, best for this scenario. Owners sometimes opt to retain access to use the property as much as they like for personal use.
This addresses long vacancy and maintenance issues for estate owners who may not use their estate property full time and provides them an advantage of investment return they may not have otherwise taken. Often, estate property owners pay for property supervision. Our services offer estate property supervision and return on investment simultaneously.
Presenting an opportunity for estate property ownership to clients who thought acquisition of premiere estate properties was out of reach, the return on investment this type of luxury estate concierge realty can provide is unique. One preferred acquisition strategy is to purchase estate properties now (at favorable prices and interest rates), gain investment return on them, (through luxury vacation rental) have use of the estate as they choose, (reserve time for personal use, sometimes keeping part of the estate accessible, such as a guest house) and when ready, consolidate other property holdings into their estate property for retirement. This allows them to keep pace with appreciation, defer ownership costs and diminish or eliminate debt on their estate retirement property until they’re ready to move in full time. The estate property acquisition could also be shared with relatives or other partners. (We also have clients interested in shared estate property ownership and are happy to discuss these opportunities with you.) All this, while enjoying an incomparable pride of luxury estate property ownership. Request information regarding estate properties fitting this description .
We have all necessary entities to address this strategy contained under our Estate Concierge Realty umbrella , with all concerned focused on one goal. This eliminates a disjointed group of individuals with separate agendas you’d otherwise have to orchestrate. As such, we are uniquely positioned to provide the finest estate property services available.
This strategy provides wonderful opportunities to 1031 exchanged property owners as well, many with substantial equity positions looking to an exit strategy. They can acquire a premiere estate property under 1031 guidelines and after 1 year of leasing or vacation rental income, may be able to convert the estate property to primary residency for the greatest tax shelter available. (We have 1031 tax consultants available to review each situation in depth). If this strategy appeals to you please contact us for details of its implementation . If you have an estate property that you would like to submit, for our estate property asset enhancement analysis, either a property you may own or are thinking of acquiring, please call Stephen Downarowicz at 805-560-9951. We enjoy exploring the possibilities for estate properties anywhere .
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