Eagle Luxury Properties
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A very rare opportunity presents itself in the offering of this Mill Valley estate covering 1.86 acres in the Redwoods. The property, formerly known as the Swiss Hiking Club lodge, has now been transformed. It has been exquisitely remodeled throughout, down to the very last detail. The property consists of five buildings: The Main House; the Cottage/Office; a Studio/Office; a Chalet Guest House; and an Accessory, two-room building for food and glassware storage. There are also two double-car garages. Nestled amongst the redwoods this elevated property offers privacy and serves as a sanctuary for friends and family. The old world charm of the entire estate combines with luxurious modern comforts to create a peaceful and relaxed atmosphere. The property contains the perfect combination of inside and outside spaces with gardens, sunny lawns, a fire pit, and wraparound decks on the Main House complete with a redwood hot tub. After you ride up the state of the art tram from the street and enter the front door you are struck by the voluminous ceilings and spacious floor plans which offer relaxing and impressive entertaining spaces. The impeccably renovated estate has elegance and charm which creates a quality of life that stands apart in this lovely Mill Valley community. The Dipsea Stairs are easily accessed from the house affording a romantic walk to downtown Mill Valley. You can enjoy the myriad hiking and biking trails of Mt. Tamalpais literally from your doorstep.

The Pros and Cons of Fix and Flip Real Estate Investment Last week, we covered The Pros and Cons of Buy and Hold Real Estate Investment for rental property investors. This week, we want to talk about the other most common type of real estate investment: “fix and flip.” The Appeal of House Flipping We all love the house flipping shows on HGTV and other reality channels. They’re great and they make the prospect of buying, renovating and flipping homes for big profits seem super sexy and fun. However, any experienced real estate investor will tell you it’s not quite as easy as they make it look. There’s a lot of work that goes into a successful fix and flip investment. The basic premise of a fix and flip investment is pretty simple. You buy a property, usually one that needs some work and is available at a great price. You renovate the property, making the necessary repairs and upgrades to maximize its resale value. Then, you sell the property on the open market for the highest possible price. You get in and out as quickly as possible. Full-time flippers will move from property to property or will have multiple properties being worked on at the same time. Rather than the “buy and hold” strategy where you keep the house while earning rental income and equity over time, you are looking for the quick sale to earn your profits. If you are going to explore house flipping—whether as a full-time career or just a side hustle—you will want to know exactly what you are getting into. That is why we are going to cover the pros and cons of fix and flip real estate investment in this article. The Pros of Fix and Flip Here are some of the pros of fix and flip investing: Faster Return on Investment—The biggest appeal of fix and flip investing is that it gives you a quicker return on investment. Buy and hold will take you longer to see your ROI. House flipping allows you to see your full profit (hopefully) as soon as the house sells. The average house flip for an experienced investor is around six months. It may take longer for a first-timer who is just learning how to do certain things. Fairly Safe Investment—As long as you do all your projections and calculations carefully and avoid any major problems along the way, house flipping is a relatively safe investment strategy compared to something as turbulent as the stock market. Real estate markets are generally predictable and the short time frame of a flip helps you avoid losses if the property happens to depreciate over a longer period of time. Exciting—There is a reason why there are so many reality shows based around flipping and none based on buy and hold investing. It’s an exciting process to buy a home, gut it and completely renovate it. Then, you get the ultimate reward of selling it and collecting the profits—as long as you do things right. The Cons of Fix and Flip Here are some of the cons of fix and flip investing: Upfront Expenses—A house flip will require a lot of upfront expenses. We’re not only talking about financing the house itself, but all the renovation costs and other expenses involved in the flip. You are laying out all that money at the beginning and only seeing your returns when the property sells. This can create cash flow issues and stress if you fall being schedule or go above your initial budget. Taxes—House flips will usually create dramatic swings in income year over year, and that can increase your tax bill. You have to pace things correctly to take advantage of specific capital gains tax rules. Capital gains taxes are higher on any property owned less than a year, so you have to find that balance of how long you own any specific investment properties and how long it takes to complete the renovation and sale. Before you get too deep into fix and flip investing, you will want to talk with your tax advisor to make sure you have the right plan in place. Surprises—All real estate investment is susceptible to surprises. You don’t always know what lies behind the walls until you start the renovation process. You cannot plan for everything as a real estate investor, but you have to be prepared for anything. It is a good idea to add some wiggle room in your budget and overestimate your renovation expenses/timeline to cover any surprises that may come up. These are some of the biggest pros and cons of fix and flip real estate investment. Of course, there are other things you need to know as an investor, so be sure and do your homework in order to get the most out of your investment portfolio. Both fix and flip and buy and hold strategies can be highly lucrative if you do things right. There are no wrong answers, but there are wrong ways of doing things if you truly want to be successful in this field. If you are looking for great investment properties to fix and flip, join the exclusive PropertyLark home buyers’ network. If you qualify, you’ll have access to our exclusive off-market deals and analytics tools that will help you identify the best investments and get the highest possible ROI. Fill out the contact form and questionnaire on the PropertyLark buyer’s site to apply!

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This outdoor great room is the go to feature for any family members when gathering with friends or assembling for larger catered parties. As you can see this outdoor great room has it all. Outdoors and adjacent to all four seasons both day and night. The outdoor great room designer Michael Gotowala Founder of THE OUTDOOR KITCHEN DESIGN STORE by PREFERRED PROPERTIES has wrapped all family members interests into this great space. Stone, stucco and marble throughout with large windows to sit through to the hot tub, heated marble floors, over head tungsten heat and BIG ASS fans, WOODSTONE Bistro Pizza oven, Alfresco warming drawer, dual TRUE beverage and wine chillers, sprawling granite and custom built-ins with a big screen tv for swim up movies and sunday afternoon football. Now this is the difference between outdoor living and living outdoors fabulously. For more GREAT OUTDOOR KITCHEN IDEAS go to www.OUTDOORKITCHENDESIGNER. com THE OUTDOOR KITCHEN DESIGN STORE by PREFERRED PROPERTIES

Photography: Stephani Buchman Floral: Bluebird Event Design
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