Investing in Fresno area

[David Maldonado]

Hello everyone! I'm still a beginner in the real estate investing world. Read countless books on real estate investing and own my first sfh with an ADU. I am currently house hacking and have all my extra rooms rented out to live for free until I fullfill my 1 year occupany (ends in Dec 2019) in Santa Maria. I am moving to Fresno for school in Jan for the spring semester, but the main reason is to move further in my real estate business. Fresno appears to be more affordable than most cities and from my research thus far, returns are pretty good for mulit family homes and is filled with college students looking for places! Just want to hear opinions from experienced investors in Fresno area. I plan on getting a quadplex and live in one of the units while I go to school and house hack and repeat until I finish school. Once settled in, I plan on partnering up with my old man (experienced investor in my hometown and the person who taught me the business) and tackle our first flip since we can compete with cash buyers there.

[Barbie Steele]

Fair enough on not building an ADU from scratch. My point is that there are many homes available that already have an ADU on site that can still be picked up for a great price. You could still live in one unit and rent out the other. If you really wanted more cash flow, you could rent out the extra rooms in the main house as well. Let me know when you're in the area!