All Forum Posts by: Andrew Wong

Seems like I can't edit my post. 

Additional question.

I got a quote from an insurance company. I'm not exactly sure on how to read it. Are insurance policies standard in what they cover? 

Ok, I'm just a little bit confused about exactly what insurance I need. After scrounging through the rental property book and online, I think I ingested too much information and need some clarity.

So I'm in the process of a obtaining turnkey SFH in Memphis. Long term rental is the plan. What insurance do I actually need?

Is there a difference between Homeowners & Rental? 

Should I tack on an Umbrella policy right away? 

I'm not in a flood zone, so I know I don't need that.

Any help sorting out my confusion is much appreciated!

Welcome @Kit Peery.

As I mentioned to another newbie, we're going to have a San Jose meetup next week.

https://www.biggerpockets.com/forums/521/topics/26...

Hope to see you there!

Thanks for the information about Stockton. How is the multifamily situtation like in Stockton, or is it mostly SFH?

Welcome @Travis Limbocker!

We're going to have a San Jose meetup next week.

https://www.biggerpockets.com/forums/521/topics/26...

Hope to see you there!

Great! Look forward to this.

@Jason Clark and @Myo Thein, message me your email. 

I'll set up a java time with us and @Garrett Mayo

Thanks @Kuang H. and @Garrett Mayo.

Are there some recommendations of the deliniations between what the B C areas are? Probably going to Google up a map later but figure it won't hurt to ask.

Hi BPer's of Fresno!

I'm starting out in my journey in REI and am looking at several markets. I'm currently residing in San Jose, CA. As you guys know the state of affairs, I'd rather not invest in that area since it doesn't cash flow at the moment.

I'm interested in investing out of state, but plenty of people have said to look locally, just further away. So here I am looking at Fresno! I'm wondering about people's thoughts with Fresno and cash flow.

I'm looking for distressed SFH and multifamily units to rehab with purchase prices at 200k. Ideal tenants being long term family renters, probably 3 bedroom units. I'm wondering what kind of CoC and cash flow Fresno can get with these criterias.

I've looked on redfin/zillow and comparing some rent on craigslist/rentometer and there are definitely some great looking properties in the sub $100k range where the neighborhood has rents for ~ $1000.

Am I being silly in my superficial analysis? Looking for some more insight from a Fresno pro!

Thanks!

Does it? I enjoy engineering. 

Engineering brings a lot of initial capital that you can use as a stepping stone into REI.