All Forum Posts by: Gordon Cuffe

@Ardalan Hojjat I am in Roseville. What do you need help with in doing the deals?  help finding the deals?  help funding the deals?   I have experience with both of those.

@Chou D.nobody can predict how much or if Rocklin will appreciate over a 10 year time frame. We do know that it will appreciate over the next 12 months based on super low inventory and low mortgage rates.That appreciation could stop in 18 months if the number of homes for sale increases and mortgage rates increase. It is impossible to get positive cash flow in the A type of areas and properties anymore unless you put a huge down payment. At lease with a new home you wont have to worry about big ticket expenses. You could always have a property manager screen and locate the tenant then you collect the rents after that. I am a long time resident of the Rocklin ,Roseville area so if you ever have questions then send me a PM.

@Daivic VoraI have invested in Sacramento and out of state so  if you want to hear the good and bad stories and what to expect on returns, send me a pm. 

@Edward CorinealdiWhat is your first deal going to be? A fix n flip? just a rental? The tip for 2021 is that it is very difficult to buy a property at a discount. Look everywhere other than MLS

@Kerry Roberts long time investor around Sacramento. If you still need a lender, you can send me a PM. I dont think I am supposed to mention names on the forums. If you have questions about investing here, you can send me a PM. It is tough to find a property these days. 

@Mark WilleI looked on mls today and saw that there are zero 4 plexes for sale under 400k. In order to find a 4plex under 400k, you will need to find a off market property. If you want to find a off market property, pick the zip codes with the lowest prices. for example 95815. and start sending direct mail marketing to absentee owners to see who will sell you their property at a discount. If you ever have other questions, you can send me a pm. 

@David BarajasMost loan officers are commission only 1099 workers. I think the only places that are paid via w2 are credit unions and some banks. In order to become a loan officer, a person needs to obtain their Nmls license.

The most important thing is that you took action. The kansas city market has a very low supply of homes for sale right now. If you were to put that house on the mls now, you would sell it very fast. I just listed my house in Raytown on Sunday and by tuesday I received a full price cash offer. 

I put up a house for sale in Raytown on Sunday and on Tuesday an investment company made a cash full price offer on the house. They still take 30 days to close but I was surprised on how fast the offer came in. The market really has a low supply of homes for sale. 

I cant see a housing crash like 2008 but Fannie Mae and Freddie Mac just announced that they are raising fees for all refinances effective sep 2020. That means higher rates when the economy really needs all the refinances to bring more monthly cash flow to homeowners. I have refinanced many people into 15 year loans so if there is a downtown in prices in wont last long because people will have a ton more equity because of refinancing.