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MVP'08
- 962 Answers
- 44 Best Answers
- 176 First Answers
- 1118 Useful Answers
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About Me
Roseville, Rocklin, Lincoln, Sheridan, Citrus Heights, Carmichael Granite Bay, Loomis,
Web email: Roseville.Foreclosure.Realtor@gmail.com
Additional service areas: Sacramento, Antelope, Fair Oaks, Orangevale, Folsom, Newcastle, Auburn, Penryn, Pollock Pines, Placerville, Shingle Springs, El Dorado Hills, Cameron Park, Rescue, Lotus, Cool, Herald, Wilton, Elk Grove
- phone 916-772-1212, cell phone 916-797-6794. email roseville.foreclosure.realtor@gmail.com
1st American Realty 5740 Windmill Way, Suite One, Carmichael, Ca 95608
My other blogs http://www.propertyqube.com/index.cfm?keyWord=View%20Profile&id=726
http://www.merchantcircle.com/business/1st.American.Realty.2.916-973-0136
Other 1AR locations: http://www.1ar.com/company.php
Easy Mortgage Calculator: http://www.realestate-pds.com/finMortgageCal.html
Roseville MLS Search - no registration needed http://www.metrolistmls.com
City of Roseville: http://www.roseville.ca.us/
Roseville neighborhood newsletters: http://www.rcona.com/
Roseville Press Tribune: http://www.rosevillept.com/
Diamond Creek Elementary School: http://www.rcsdk8.org/buildings/d_creek/index.htm
Roseville High School: http://rhs.rjuhsd.k12.ca.us/news.php
Star Testing Results: http://star.cde.ca.gov/
Academic Performance index for California Schools: http://www.cde.ca.gov/ta/ac/ap/
California Department of Education: http://www.cde.ca.gov/index.asp
California Department of Education Statistics: http://www.cde.ca.gov/ds/
Dept of Justice - megans law site: http://meganslaw.ca.gov/
California Department of Real Estate: http://www.dre.cahwnet.gov/
California Association of Realtors: http://www.car.org/
FEMA Flood Insurance FAQs: http://www.floodsmart.gov/floodsmart/pages/faq_types.jsp
U.S. Small Business Administration (SBA Loans) http://www.sba.gov/services/financialassistance/SpecialPurposeLoans/index.html
Frequently Asked Questions - Commercial Real Estate Leasing: http://www.officespace.com/FAQ.cfm
Commercial Property sales and leases http://www.loopnet.com/xNet/MainSite/Listing/Search/?linkcode=30
John T. Reed on Ethics and suitability in Real Estate Transactions: http://www.johntreed.com/suitability.html
Sacramento Real Estate Statistics: http://sacrealstats.blogspot.com/
Data Quick Statistics: http://www.dqnews.com/
San Francisco Blog "Socket site" : http://www.socketsite.com/
Trulia Blog: http://www.truliablog.com/
What happens in Vegas?: http://activerain.com/william
What you need to know about lease options by John T. Reed: http://www.johntreed.com/leaseoption.html
Rental Property Management sites: http://www.rentalprop.com/
Sacramento Rental Rates: http://www.homepointe.com/owner_services_rental_survey.asp
PM Blog: http://mbrewer.typepad.com/property_management/2007/11/raise-rent-in-a.html
Bearded economists blog: http://econospeak.blogspot.com/
Residential Sales, Listings and Loans.
I am an experienced, skilled professional with expertise in multiple areas of new home and resale home sales, lot sales, condominium sales, income property sales including exchanges, listing and selling foreclosures and short sales, relocations, working with builders, tradespeople, buyers and sellers, coordinating with colleagues in the escrow, appraisal, lending, inspecting and repair industries.
I have mortgage loan experience in loan servicing,loan modifications, funding, document preparation, processing, underwriting, origination, FHA, VA and conventional. Related experience includes property management, collections, financial product sales, consumer lending, credit card merchant services, home and business disaster assistance lending. I am committed to customer satisfaction.
Web email: Roseville.Foreclosure.Realtor@gmail.com
Additional service areas: Sacramento, Antelope, Fair Oaks, Orangevale, Folsom, Newcastle, Auburn, Penryn, Pollock Pines, Placerville, Shingle Springs, El Dorado Hills, Cameron Park, Rescue, Lotus, Cool, Herald, Wilton, Elk Grove
- phone 916-772-1212, cell phone 916-797-6794. email roseville.foreclosure.realtor@gmail.com
1st American Realty 5740 Windmill Way, Suite One, Carmichael, Ca 95608
My other blogs http://www.propertyqube.com/index.cfm?keyWord=View%20Profile&id=726
http://www.merchantcircle.com/business/1st.American.Realty.2.916-973-0136
Other 1AR locations: http://www.1ar.com/company.php
Easy Mortgage Calculator: http://www.realestate-pds.com/finMortgageCal.html
Roseville MLS Search - no registration needed http://www.metrolistmls.com
City of Roseville: http://www.roseville.ca.us/
Roseville neighborhood newsletters: http://www.rcona.com/
Roseville Press Tribune: http://www.rosevillept.com/
Diamond Creek Elementary School: http://www.rcsdk8.org/buildings/d_creek/index.htm
Roseville High School: http://rhs.rjuhsd.k12.ca.us/news.php
Star Testing Results: http://star.cde.ca.gov/
Academic Performance index for California Schools: http://www.cde.ca.gov/ta/ac/ap/
California Department of Education: http://www.cde.ca.gov/index.asp
California Department of Education Statistics: http://www.cde.ca.gov/ds/
Dept of Justice - megans law site: http://meganslaw.ca.gov/
California Department of Real Estate: http://www.dre.cahwnet.gov/
California Association of Realtors: http://www.car.org/
FEMA Flood Insurance FAQs: http://www.floodsmart.gov/floodsmart/pages/faq_types.jsp
U.S. Small Business Administration (SBA Loans) http://www.sba.gov/services/financialassistance/SpecialPurposeLoans/index.html
Frequently Asked Questions - Commercial Real Estate Leasing: http://www.officespace.com/FAQ.cfm
Commercial Property sales and leases http://www.loopnet.com/xNet/MainSite/Listing/Search/?linkcode=30
John T. Reed on Ethics and suitability in Real Estate Transactions: http://www.johntreed.com/suitability.html
Sacramento Real Estate Statistics: http://sacrealstats.blogspot.com/
Data Quick Statistics: http://www.dqnews.com/
San Francisco Blog "Socket site" : http://www.socketsite.com/
Trulia Blog: http://www.truliablog.com/
What happens in Vegas?: http://activerain.com/william
What you need to know about lease options by John T. Reed: http://www.johntreed.com/leaseoption.html
Rental Property Management sites: http://www.rentalprop.com/
Sacramento Rental Rates: http://www.homepointe.com/owner_services_rental_survey.asp
PM Blog: http://mbrewer.typepad.com/property_management/2007/11/raise-rent-in-a.html
Bearded economists blog: http://econospeak.blogspot.com/
Residential Sales, Listings and Loans.
I am an experienced, skilled professional with expertise in multiple areas of new home and resale home sales, lot sales, condominium sales, income property sales including exchanges, listing and selling foreclosures and short sales, relocations, working with builders, tradespeople, buyers and sellers, coordinating with colleagues in the escrow, appraisal, lending, inspecting and repair industries.
I have mortgage loan experience in loan servicing,loan modifications, funding, document preparation, processing, underwriting, origination, FHA, VA and conventional. Related experience includes property management, collections, financial product sales, consumer lending, credit card merchant services, home and business disaster assistance lending. I am committed to customer satisfaction.
Testimonials
"Dear Jim,
I want to thank you again for doing such a good job. You are a great real estate agent & very thorough. I have appreciated all your effort on these difficult transactions.
Many thanks"
Doreen Harrison Thu Nov 30, 1995
Doreen Harrison Thu Nov 30, 1995
"Dear Jim,
Lance & I wanted to thank those who made 93' such a special year for us. We appreciated all of your hard work & dedication to provide us with a home loan. It means a lot when someone goes an extra mile these days. We thank you again and hope 94' will be equally bright for us all. Best Regards"
Lance & Tami West Mon Dec 20, 1993
Lance & Tami West Mon Dec 20, 1993
"Jim and Jeni Walker are exceptional representatives of your company. Their diligence and expertise in helping me locate and purchase my home made the whole process a joy.I can't say enough good things about the service they provided me. Thank you!"
Jim Delong Thu Jan 23, 1997
Jim Delong Thu Jan 23, 1997
"Praise for Jim Walker - He straightened out all my tax problems after 1 and 1/2 years with IMCO. Jim got straight to the problem, got the information straight & solved this for me. After 1 and 1/2 years I feel like opening a bottle of champagne to celebrate""
James Lupton Mon Jan 28, 1991
James Lupton Mon Jan 28, 1991
My Q&A
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Jim Walker's Questions (43)
Jim Walker's Answers (962)
Jim Walker answered:
I defer to your listing agent on your decision to redecorate or not.
Looking at the pictures only on the comuter it is an attractive enough house. I would show it if I had a buyer in the current market for that size home on acreage in the Sheldon area.
The keys to getting it shown are; 1, Make it easily available to show.
The showing instructions currently look , well, not easy to show.
Then: Make sure it is always clean and neat, regardless of whether you redecorate. Eliminate or hide clutter (Even the tires and wheelbarrow next to the shed.)
Leave the lights on when showing , even in the daytime, Put away the little green toy chair by the window, and the two cute little antiques on wheels. Move the bedroom tv and Tv stand to storage.
Keep the front of the house, porch, driveway and street in front manicured and litter policed. Stuff can blow into your yard from far away so check it often. If you don't already have a flower pot or two near the front porch, a little color can add an inexpensive nice touch.
Other than that, even in the higher price range, buyers are shopping price, price, price, - Consider any redecorating projects with a cost benefit analysis.
Having said all that, if Diane overrules me - take her advice not mine. she knows the area and the house waaay better than I do from looking at it for two minutes on the computer.
Looking at the pictures only on the comuter it is an attractive enough house. I would show it if I had a buyer in the current market for that size home on acreage in the Sheldon area.
The keys to getting it shown are; 1, Make it easily available to show.
The showing instructions currently look , well, not easy to show.
Then: Make sure it is always clean and neat, regardless of whether you redecorate. Eliminate or hide clutter (Even the tires and wheelbarrow next to the shed.)
Leave the lights on when showing , even in the daytime, Put away the little green toy chair by the window, and the two cute little antiques on wheels. Move the bedroom tv and Tv stand to storage.
Keep the front of the house, porch, driveway and street in front manicured and litter policed. Stuff can blow into your yard from far away so check it often. If you don't already have a flower pot or two near the front porch, a little color can add an inexpensive nice touch.
Other than that, even in the higher price range, buyers are shopping price, price, price, - Consider any redecorating projects with a cost benefit analysis.
Having said all that, if Diane overrules me - take her advice not mine. she knows the area and the house waaay better than I do from looking at it for two minutes on the computer.
Jim Walker answered:
I will cut to the chase; The best place to invest for "Sales price/rental dollar ratio" is in 1. Del Paso Heights. 2. North Highlands 3. Oak Park. 4. Meadowview 5. Florin Area. Here is why: You compete with fewer owner occupant buyers and fewer investors for those neighborhoods compared to the number of lstings available. These neighborhoods have the lowest median prices and the lowest prices per square foot. They are cheap to buy. Rents are only slightly lower than in the more desirable zip codes but the sales prices that are half as much. It is simple math.
You are an INVESTOR
If you are a first time home buyer. You want to be comfortable and safe in the place where you and youyr family are going to live.
As an INVESTOR, if you concentrate on the better neighborhoods, you will be competing with owner occupant buyers who will outbid you. That is they will outbid you unless you pay so much that you cannot earn positive cash flow on your investment. If you want to earn a positve cash flow, then you should at least considert to invest in the neighborhoods that owner occupants (and other investors ) want to avoid due to their reputations.
You will pay a fraction of the price in the "worst" neighborhood that you would pay in the "better" neighborhood. yet the rent will be almost as high.
The BEST South Sac neighborhoods to invest in are, in order: Oak Park, Meadowview, Florin Area, Tahoe Park.
The best North Sac areas are Del Paso Heights and North Highlands. (for cash flow investing)
I haven't run the numbers for the Bay Area so much but I would think Antioch, Vallejo and Richmond would be the opportunity areas in the Bay Area. I seriously doubt that even those towns can touch Sacramento or Stockton for cheap rental properties. I hear they have current troubles in those towns.
The reason to go with single family homes instead of apartment complexes might be liquidity, diversity and or the prospect of appreciation after the end of the current slump.
Newington has a point though: Multi Units will be the best cash on cash return in the short term on a multi million dollar investment.
You are an INVESTOR
If you are a first time home buyer. You want to be comfortable and safe in the place where you and youyr family are going to live.
As an INVESTOR, if you concentrate on the better neighborhoods, you will be competing with owner occupant buyers who will outbid you. That is they will outbid you unless you pay so much that you cannot earn positive cash flow on your investment. If you want to earn a positve cash flow, then you should at least considert to invest in the neighborhoods that owner occupants (and other investors ) want to avoid due to their reputations.
You will pay a fraction of the price in the "worst" neighborhood that you would pay in the "better" neighborhood. yet the rent will be almost as high.
The BEST South Sac neighborhoods to invest in are, in order: Oak Park, Meadowview, Florin Area, Tahoe Park.
The best North Sac areas are Del Paso Heights and North Highlands. (for cash flow investing)
I haven't run the numbers for the Bay Area so much but I would think Antioch, Vallejo and Richmond would be the opportunity areas in the Bay Area. I seriously doubt that even those towns can touch Sacramento or Stockton for cheap rental properties. I hear they have current troubles in those towns.
The reason to go with single family homes instead of apartment complexes might be liquidity, diversity and or the prospect of appreciation after the end of the current slump.
Newington has a point though: Multi Units will be the best cash on cash return in the short term on a multi million dollar investment.
Jim Walker answered:
You are a first time INVESTOR? If you are a first time home buyer, I understand your question easily. You want to be comfortable and safe in the place where you and youyr family are going to live.
As an INVESTOR, if you concentrate on the better neighborhoods, you will be competing with owner occupant buyers who will outbid you. That is they will outbid you unless you pay so much that you cannot earn positive cash flow on your investment. If you want to earn a positve cash flow, then you should at least considert to invest in the neighborhoods that owner occupants (and other investors ) want to avoid due to their reputations.
You will pay a fraction of the price in the "worst" neighborhood that you would pay in the "better" neighborhood. yet the rent will be almost as high.
The BEST South Sac neighborhoods to invest in are, in order: Oak Park, Meadowview, Florin Area, Tahoe Park. But only if you like money more than you fear poor people.
As an INVESTOR, if you concentrate on the better neighborhoods, you will be competing with owner occupant buyers who will outbid you. That is they will outbid you unless you pay so much that you cannot earn positive cash flow on your investment. If you want to earn a positve cash flow, then you should at least considert to invest in the neighborhoods that owner occupants (and other investors ) want to avoid due to their reputations.
You will pay a fraction of the price in the "worst" neighborhood that you would pay in the "better" neighborhood. yet the rent will be almost as high.
The BEST South Sac neighborhoods to invest in are, in order: Oak Park, Meadowview, Florin Area, Tahoe Park. But only if you like money more than you fear poor people.
Jim Walker answered:
Tonja, Sue and Erin have discussed the fine points of Nehemiah very nicely. The problem I see with Nehemiah is that it is a shell game. The seller "contributes" 7% of the purchase price to Nehemiah.. The money is nicely laundered then "gifted" to the first time buyer. The buyer has very little skin in the game just as they have very little skin in the game on a traditional no down payment loan.
The seller is looking for the highest net price. If you offer $200,000 but the seller has to pay Nehemiah $14,000 (7%) Then the sellers price is really only $184,000 If you buy it with a nehemiah program. The seller has amuch better deal if he takes a LOWER offer from someone who does not involve Nehemiah.
That is how the lower offer of $190,000 or $195,000 ( Clean ) is better for the seller than your higher $200,000 (less $14,000 to Nehemiah)
How is it helping? If you are truly desparate to buy and can't raise your own down payment and are willing to pay higher monthly payments than if you had a normal downpayment then you could consider it a help. If you are stretching to put yourself in the same jeopardy that all those people who are losing their homes are in, then maybe that isn't such a help.
The seller is looking for the highest net price. If you offer $200,000 but the seller has to pay Nehemiah $14,000 (7%) Then the sellers price is really only $184,000 If you buy it with a nehemiah program. The seller has amuch better deal if he takes a LOWER offer from someone who does not involve Nehemiah.
That is how the lower offer of $190,000 or $195,000 ( Clean ) is better for the seller than your higher $200,000 (less $14,000 to Nehemiah)
How is it helping? If you are truly desparate to buy and can't raise your own down payment and are willing to pay higher monthly payments than if you had a normal downpayment then you could consider it a help. If you are stretching to put yourself in the same jeopardy that all those people who are losing their homes are in, then maybe that isn't such a help.
Jim Walker answered:
You will not likely save points on the transaction by contacting the LO directly, I think your first inclination to find an agent to represent you as a buyer is the smart move..
I would offer to help, but i would not be able to until August due to this weeks heavy workload.
I have met Erin Attardi and read many of her posts. She impresses me as a knowledgeable and skillful agent.
I would offer to help, but i would not be able to until August due to this weeks heavy workload.
I have met Erin Attardi and read many of her posts. She impresses me as a knowledgeable and skillful agent.
Homes I have shown recently
View all 7 listings
Specialties
I am an experienced, skilled professional with expertise in multiple areas of new home and resale home sales, lot sales, condominium sales, income property sales including exchanges, listing and selling foreclosures and short sales, relocations, working with builders, tradespeople, buyers and sellers, coordinating with colleagues in the escrow, appraisal, lending, inspecting and repair industries.
I have mortgage loan experience in loan servicing,loan modifications, funding, document preparation, processing, underwriting, origination, FHA, VA and conventional. Related experience includes property management, collections, financial product sales, consumer lending, credit card merchant services, home and business disaster assistance lending. I am committed to customer satisfaction
I have mortgage loan experience in loan servicing,loan modifications, funding, document preparation, processing, underwriting, origination, FHA, VA and conventional. Related experience includes property management, collections, financial product sales, consumer lending, credit card merchant services, home and business disaster assistance lending. I am committed to customer satisfaction
Experience
Latest:
Realtor for 1st Amercian Realty
I provide reliable advice to my clients on the purchase and sale of owner occupied and investment property.
property searches, showings, offer strategy and negotiation are handled expertly, followed up with skillful transaction management to achieve a successful close of escrow.
January 2003—present
Previous:
Loan Officer for United States Small Business Administration
Originated and Modified Disaster Business Loans and Disaster Home Loans to victims recovering from hurricanes, earthquakes and tornadoes
September 2005—November 2006
Previous:
Realtor for 1st Amercian Realty
I provide reliable advice to my clients on the purchase and sale of owner occupied and investment property. property searches, showings, offer strategy and negotiation are handled expertly, followed up with skillful transaction management to achieve a successful close of escrow
January 2003—September 2005
Previous:
Loan Officer for United StatesSmall Business Administration
Originated and Modified Disaster Business Loans and Disaster Home Loans to victims recovering from hurricanes, earthquakes and tornadoes
April 2001—September 2001
Previous:
Loan Officer for Small Business Administration
Originated and Modified Disaster Business Loans and Disaster Home Loans to victims recovering from hurricanes, earthquakes and tornadoe
October 1999—December 1999
Certifications & Awards
Trulia Century Award Winner:
Awarded to Jim Walker by Pete Flint CEO of, co Founder of Trulia and Sami Inkinen COO and Co-Founder of Trulia - August 17th 2007
Awarded to Jim Walker by Pete Flint CEO of, co Founder of Trulia and Sami Inkinen COO and Co-Founder of Trulia - August 17th 2007
Interests
Blogging: yeah that is pretty obvious.
Family, yeah I know everyone says that, but I really like mine best.
Poker, I've learned a lot about people from that game. The experience in small stakes poker helped me understand high stakes real estate negotiations from a lot of different perspectives.
TV shows: Lost, Desperate Housewives, Countdown with Keith Olberman, Antiques Roadshow, Nova, Frontline, American Experience on PBS. the Simpsons, and Futurama,
Family, yeah I know everyone says that, but I really like mine best.
Poker, I've learned a lot about people from that game. The experience in small stakes poker helped me understand high stakes real estate negotiations from a lot of different perspectives.
TV shows: Lost, Desperate Housewives, Countdown with Keith Olberman, Antiques Roadshow, Nova, Frontline, American Experience on PBS. the Simpsons, and Futurama,
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