Cal Homes, LLC :: A Real Estate Investing & Development Company
The Elcan Group

A Real Estate Investing & Development Company

 
       
 
 

Mortgage Defaults


Mortgage Defaults are on the rise...

The number of SF Bay Area homeowners facing foreclosure rose to the highest level in seven years, while California statewide it rose to its highest level in 4 years.

Many believe this rise is based on the non-traditional mortgages favored over the last few years, such as interest-only and "option" adjustable mortgages

Value Opportunity


A Value Opportunity presents itself when the property has one or more of these characteristics:

  • need of improved management
  • deferred maintenance that needs attention
  • high vacancy rates
  • low rentss
  • emerging markets

By addressing Value Opportunities, we drive up the appreciation as well as ride the wave of a strong appreciating market.

Services

 

Cal Homes, LLC's group of investors specializes in several service areas.

First, we help people resolve home ownership issues associated with foreclosure, bankruptcy, divorce, relocation, unexpected vacancy, probate and similar situations. We guarantee an offer on your house within 72 hours.

We also build strong groups of private investors that want to diversify their portfolio and achieve a higher return than currently available  through traditional Wall Street investments.

With these groups, we locate and acquire multi-family apartments. These apartments provide great investments, with opportunities including:

  • Strong potential for immediate cash flow
  • Strong potential for appreciation based on location in an emerging market
  • "Value" opportunities that can be capitalized upon

Properties

Below are two multi-family properties we acquired with a group of investors, located in rapidly growing suburbs of Texas.

StoneCreek Apartments
Tyler, TX
248 units
$9,650,000

Westridge Apartments
Texarkana, TX
176 units
$5,750,000