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Updated almost 7 years ago,
New to REI and looking for 4-plex in Modesto, CA 95355
Hello! I am new to Real-estate investing. I have not purchased any property other than our home. I currently live in San Jose and very thankful that we have purchased our home back in 2011(still affordable then). Bay Area market is at an all-time high and I am looking into investing in Modesto Area, specifically 95355 area code.
I have been listening to the BP podcasts for a while now and the speakers usually advice 4-plex and above rather than a duplex to get more earning potential. Well, for 5-plex, a commercial loan is needed, that is why I am opting for a 4-plex for now to get a conventional loan and lower down payment.
I am looking for a realtor that I could work with, knows the central valley area and contractor/s for a fixer-upper property to work with.
Any advice, suggestions, or knowledge about a potential 4-plex investment property would be greatly appreciated.
Thank you very much,
Timz