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Updated over 7 years ago, 07/19/2017

User Stats

111
Posts
66
Votes
Johnny Hoang
  • Real Estate Agent
  • San Jose, CA
66
Votes |
111
Posts

First Property in Fresno CA (HELP, NEWBIE INTRO)

Johnny Hoang
  • Real Estate Agent
  • San Jose, CA
Posted

Hi everyone,

I was wondering if anyone would want to chime in on this deal. I want to possibly do the BRRR strategy / FLIP the home. The number seems to make sense, just wanted to get some input on what everyone here has to say. This would be my first deal so I would love all the info I can get. I provided a link below to the listing in Fresno, if anyone is willing to help, please do!

Price: $63,600

Total of approximately 3,150 sq. ft. of living space. It sits on a prime corner lot. Very close to Radio Park, a public transit stop, the Fresno Art Museum, and restaurants. Large multi unit home with 6 bedrooms and 4 full bathrooms. It has 3 units.

https://www.trulia.com/property/3260965799-3115-E-...

A little about me:

I have about 10-15K to spend, I was planning to finance the home and possibly do a 203k loan for the purpose of rehabing it. I am a community sales representative(real estate agent) for Shea Homes in Monterey Bay. Although, I have a career in real estate, this whole investing thing is a new monster for me. This would be my first investment property so I need all the help I can get.

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