Mike Bolen's (mikebolen) Blog

Well almost when you can purchase a $250,000 home for only $1,250! Down Payment Assistance Programs (DAPS) are loan programs designed to assist first-time home buyers with the required down payment and closing costs required by the FHA loan program. These types of down payment assistance programs...

RE/MAX Napa Valley The city of Napa is now experiencing an apartment vacancy rate of 1.6 percent, which is fueling increased rents. Just three years ago in 2005 the vacancy rate peaked at 5.6 percent. Last year in 2007, the vacancy rate was 2.6 percent. Population growth, credit tightening, surgi...

Here is a quick market snapshot of available multifamily investments in Napa Valley and Sonoma county. There is excellent value in apartment buildings throughout Napa Valley & Sonoma from the "Pits to the Ritz". In addition RE/MAX Napa Valley offers pre-foreclosure lists for multifamily investme...

In July of 2008 we witnessed the sale of 23 Napa county multifamily units. For August we see nearly a 50% reduction in sales to 12 units all with "special" attributes which skewed prices upwards and none were true multifamily investor deals. Here is a breakdown: August 2008 Napa County multifamil...

For multifamily investors nationwide, concerns about falling rents and rising vacancy has resulted in a decline in prices for apartment buildings. The "capitalization rate," which measures the relationship between the price and cash flow of properties, increased yet again this time one-quarter of...

Here at the RE/MAX Napa Valley office, RE/MAX Cornerstone the company has created a press release to announce the affiliation of me, Mike Bolen, Armando Lincoln and Ken Dunbar to the new RE/MAX Napa Valley office, RE/MAX Cornerstone. Our three person commercial team was ranked by the North Bay Bu...