Is anyone from the Sac-Stockton-Modesto area doing the BRRRR method?

Thanks in advance.Warm Regards,Bobby The loan limit in Santa Clara would be 636,150 (new updated limit from prior of 625,500) as of Jan 1st 2017 and like you referenced you can bring in 25% of the difference up to your sales price above the 636,150.The nice thing with VA financing is that you will not have to adhere to the self sufficiency rule imposed by FHA which pretty much takes all 3-4 unit loans off the table in high cost markets like yours (could work in Tulare, modesto, some parts of sacramento, bakersfield, etc in CA).If its your first use its 2.15% upfront VAFF - VA funding fee or up to 3.30% for subsequent use of the VA program (this can be lowered by putting 5% down to get it down to 1.50% or 10% to get it to down to 1.25%).

Qiuncy, I am starting a wholesale business here in Modesto, CA (central valley).

Cash flow NEGATIVE and I am feeding it.Current deals:- SFR rehab in North San Jose- In contract to buy couple houses to flip in Stockton- bought one SFR from courthouse auction in the Modesto area this week.- Possible SFR deal in the Vallejo area.  

It was in Modesto and I can give you information via PM, if interested in the next one.

That's the only way to make some decent returns on the monthly cash flow.Here in Sacramento and the Central Valley (Stockton, Modesto, Fresno) you can expect 0.60 - 0.70% on average, with the better properties being in the 0.80 - 1.0% range.

Hello all, I have seen some SFH's and MFH's that meet or are close to the 1% rule upon first glance in the Sacramento, Modesto, and Fresno markets.

Ask around, there are usually 2-3 lawyers in a county that specialize in evictions.In Modesto, you will pay probably less than $1000 for the eviction and Sheriff lock out.  

Causing problem that even now in Modesto (think about Modesto in 1990 LOL) is even having rapid rise. 

People are fleeing in droves for more affordable housing, and the Central Valley (Yuba, Sacramento, Stockton, Modesto) is the last place to find it.