KXL FM News Interview 9/16/2012

This week John talks about Robin Williams and Joe Montana’s Napa Valley estates that are for sale for $35 Million each.

He also talks about the  sale of distressed properties is yielding few deep discounts.  Many bank owned properties are selling for full price.  Large institutional investors are beginning to bulk purchase bank owned homes with the plan of renting them for 3 – 5 years and then re-sale them.  This will greatly speed the clearing of troubled bank owned real estate.

Incubator homes in the Bay Area.  Young entreprenuers are renting homes near venture capitalists in order to make introductions to possible investors. Some connections have proven very valuable for both parties.

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