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Updated over 3 years ago, 07/19/2021
Where my Fresno players at?
This sub-forum is dead!!! Is Fresno the gold mine I have been seeking and nobody wants to share? Seriously though what is happening in Fresno? I am 3.5 hours away by car and am taking a hard look at Fresno for my next B&H. Can a patient investor find a cash flowing property on the MLS? Is the 1% rule possible? What is the going rate for a PM in Fresno? Who is buying in Fresno and wouldn't mind talking?
@Noel R. hey Noel just starting to look in Fresno.
I live in fresno I been trying looking for months but nothing with the 1% rule. I been trying to connect with wholeseller telling them to give the oportunity to be in their email list that way in can have more houses to look for potential deal but nothing happen, Maybe you have more cash to buy something cash offer, you can do that better than me.
hey @Noel R. yes it is possible, but it takes a lot of looking and it takes some creativity to "see your way through the deal". Fresno has been good to me. I pay 8% gross rents collected for property management, others pay $50-$100 flat per door . Feel free to message me if you want to talk more.
@Noel R. Hey man I'm from Fresno looking to network.
@Ryan Martin
Hi Ryan, do you currently have any rentals in the area or looking for one?
I live in Clovis, and just started looking to invest.
@Yue Lehman I am looking to invest. The average homes have about 50+ offers per home it's crazy right now
@Ryan Martin ! That's crazy! What type of properties are you looking for?
@Yue Lehman so in our market man we have overpriced multifamiles so I am limited to single families. I'm debating on housing have something around the Fresno state area. Since students will be returning to campus in the fall
Originally posted by @Ryan Martin:
@Yue Lehman so in our market man we have overpriced multifamiles so I am limited to single families. I'm debating on housing have something around the Fresno state area. Since students will be returning to campus in the fall
That's a good idea! I remember seeing a multifamily property for sale on Zillow by Fresno State if you are interested.
I think students are more excited to get back to learn in person than some workers being back in the office. Good luck searching!
@Yue Lehman thank you for the insight I'm always available to network or link up to swap information.
@Ryan Martin
Fresno State may not be the college town you think it would be that gives to the RE community.
Research some more.
@Noel R.
Fresno is a sleepy giant any this 2021 prob isn't a easy time to find anything near 1%. MFR will be difficult to make work and buying at most valuations will likely mean an additional 4-6 years to pay off a 15 year loan due to a .6% return purchase . Keep searching,
