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Updated almost 5 years ago,
Investing in Fresno CA and surrounding areas
Hello group. I'm new to investing. I've been approved for my loans and I've set myself a goal of purchasing a fourplex with the help of California first time buyer programs. My question is: I'm really having a hard time finding a deal that makes since and cash flows in this market. I'm a GC and electrician by trade so I'm planning on staying in one unit, completely upgrading it and move on to the next units. I'll have a tenant moved into the newly renovated & Increase rent. I'm giving myself 3 months per unit. I'm not sure if I should use my own capital (cash and/or credit cards) or get a HELOC. Any advice? Any better strategies? Exit plan ideas?