All Forum Posts by: Joe Bertolino

Golden One Credit Union, SAFE CU, Heritage Community Credit Union (Folsom), El Dorado Savings Bank, California Bank and Trust, US Bank. Heritage CU will go up to 90% LTV with a max of $100K.

0 Votes

Air Now

Kirk Mills

916-332-7300

I have had two good experiences with them.

0 Votes

Sacramento, California

Get your broker and the listing agents broker involved. You have procuring cause on both sides along with any damages the buyer will suffer. Often when they are staring at paying commissions and getting sued for buyers damages they suddenly want to sell again.

1 Vote

Laurie Hodgkins at Allied in Folsom.

3 Votes

Originally posted by @Account Closed:

@Joe Bertolino that’s a great financial opportunity, gaining that much per hour/year by moving to CA. This will probably continue for those finding skilled positions in CA. Very appealing! Plus the weather... hard to beat, however it looks like a lot of the trend is people bailing out of states that steal their freedoms to ones that protect. With the internet information easier to access than ever and YouTube videos of people who have left for something different, it’s more appealing to people than it was before. States like Missouri allow you to build a home without a permit in all rural areas and there’s some other areas that do so too. Something big happened in the last year according to the numbers and it looks like a major shifting to states that don’t threaten small business. I think people looking forward don’t want to lack peace of mind concerning the future of their ability to work free of lockdowns really. There’s no question it’s played a part when we see grand exodus from NY to TX and FL. My point is, I think people are looking beyond finances to a balanced approach right now, and most people don’t move to make more money.

I am not discounting your arguments as I know these are big factors for many people but people leaving NY/NJ to retire in Florida is not new and it’s likely a large wave of baby boomers are doing what everyone else has done for decades, there are just more of them. Covid was a major game changer for many and many small business owners were cleaned out... but in 2-3 years things will be back to normal and there will be people living in places like rural Missouri wondering why they left.

2 Votes

Originally posted by @Account Closed:

@Joe Bertolino per the population there can’t be that many doctor or software engineer positions in CA to offset the move out rate. There was a decline for the first time in history for CA. The question I believe is whether these trends will continue or accelerate as people try to survive financially the gap between super rich and have nots.

1. We don’t need to replace all of them. It won’t hurt my feelings if there is not rapid population growth in CA.

2. It’s not just docs and engineers but that is who I dealt with that month. This month it’s a certified BMW mechanic from El Paso TX that went from $17/hr to $48/hr and a sales manager from PA that doubled his salary to $300k to move to CA.

1 Vote

Sacramento is at 2.78% overall. North Natomas is likely lower. Run an add on Facebook Marketplace and Craigslist over the weekend and you will be amazed at home many applicants you get in 48 hours.

1 Vote

I think Rancho Cordova and Folsom have a lot of long term upside and you can cash flow with 25% down.

1 Vote

@Cory Kleinfeldt might have some input on mobile home vendors.

1 Vote

@Anna Lowe

Good deals are bought everyday but they require some value add. At a minimum you will need to adjust rents up to market rate. Most deals I see involve a long term landlord and tenants paying way under market rent.

0 Votes

All Forum Posts by: Joe Bertolino

Joe Bertolino has started 7 posts and replied 1232 times.

Post: Good places to get a HELOC for a property in CA?

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Post: Californians aren’t leaving the state en masse — but they are lea

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Post: How likely is it to find a good ROI in a sellers market?