@Myo Thein
(Timing) Market is very active in Fresno. May & June are 2 of the busiest months of the year best time to sell for top dollar. As an investor its a good time to sell your flip. Meaning buying distressed properties is best during winter when there is a lower number of retail buyers. I think Dec/Jan/Feb is the best time to load up on rehabs.
(Geographic Areas) Lots of local investors and even outside investors have purchased most of the bank owned inventory in the A and B neighborhoods. I think there is still some opportunity in C and especially D. If you have the experience converting old downtown buildings into lofts is a something the Assemi's have been doing. Buying distressed homes in areas near the larger investors are buying is one idea. For this I would work with someone who knows the market very well. Street by street. Fresno has 2 major things going for it #1 High speed rail and #2 is the downtown revitalization project.
Finally I would reccomend working with local people such as Jay or myself. We both have people we work with who can rehab homes and manage them as rentals. In fact Jay already does that. I am a little newer to the game and am currently helping people like Jay find off market deals (wholesale). I also have my own team but this business is all about relationships. Sometimes we compete and sometimes we help each other.
