New Investor from San Jose, CA

[Elanchelvan E.]

Hello everyone, this is Elan from San Jose, CA. A good friend of mine and I partnered up to invest in Multi-Family properties. We've been looking for places that are about a couple of hours drive from San Jose, CA. We want to stay local, at least initially. 

We have narrowed our search to Stockton, CA. I know it is not the best of neighborhoods, but we want to start something small, get some experience before venturing to more pricier areas.

I have been soaking up on the wealth of information in BP and am really glad to stumble upon such an active community. Would love to hear from some investor-friendly agents specializing in Multi-Family properties in Stockton, CA.

[James Peterson]

Welcome Elan! I live in Santa Clara and have been actively investing in the Sacramento and Central valley for a little over a year now.  I haven't ventured into Stockton...yet, however I drive through Stockton as a relief from the overcrowded I-80 corridor between SF and Sac.

I market mostly to Single Family but run into duplex and 4-plex opportunities off market in the Sacramento area.  As with any town there are good parts and bad or as investors like to put it... A neighborhoods through D neighborhoods.  Stockton and the central valley took a huge hit from the crash but seems to be recovering well.  I would suggest learning those neighborhoods in and out to find the right fit before you commit.

I think you're doing the right thing, looking for agents and other investors to educate yourself.  Good luck to you!