Vacaville, CA · Member since 2016 · 12 posts · 3 votes
Hey all!
1. I was driving in Woodland, CA trying to find some vacant/rundown homes and as I was driving ended up calling one of the real estate agents (Golden State Realty Group) on a home for sale to just start getting acquainted with things. Long story short I'm now in the middle of getting pre-qualified with Guild Mortgage Company, specifically wiht Monty (unsure of last name).
Question is - does anyone have some strong opinions of either company from working with them in the past? Looking to buy first property in the next 6 months and not super familiar with local companies.
@Austin De Witt good luck! I think Woodland is a great or West Sac are both great areas. I'm not familiar with either of those companies, but if you do end up moving forward with them, let us know what you think. Always cool to hear personal recommendations, etc about companies.
Being an agent I work with a lot of lenders and brokerages but I haven't heard of either. That doesn't mean they can't perform/aren't good they are just smaller names.
If you need help or guidance in the Sacramento area feel free to reach out to me. I would love to help you find something here. I don't go out to Woodland though...
Thank you all for the responses, looks like I'm pretty well set to getting started. I was approved for up to $250k home at 5% down with 3.75% with Guild. They estimated total monthly costs including mortgage insurance, property taxes, and such at around 1,500/month. I know that if I'm patient and put in some footwork I can find a property for around 160-200k that I'm happy with. Hopefully in Woodland. I plan on house hacking and renting out 1 to 2 rooms depending on what I find, eventually turning it into a full time rental that can cash flow. At least that's the goal!
I'm fine with small - easier to become familiar with the individuals you're working with. As long as they are good at what they do at least.
I work a lot in the Woodland & Sacramento Area. In my personal opinion I think Woodland is a great area to invest. In the past couple years I think more investors are starting to gain interest in the are since Sacramento & Davis prices are so inflated. I have been hearing that students in Davis are beginning to seek housing in the area as well as home buyers who are priced out of both Davis and Sacramento.
I would love to hear more about your investments in the area!