All Forum Posts by: Bruno Tavares

@Ali Boone  makes sense to me. I don't discard turnkey companies, for example, as long as the fees don't eat up all cash flow. I've seen some offering $300+ cash flow month, others offering as low as $50 bucks. 

@Charles M. I'm curious if this a simple example or actual numbers from your area? 

This is great info! Thanks everyone for your posts.

@Jeff Zimmerman  10k/year is an awesome number. It would be great to have someone experienced in the area. I'll ping you.

@J. Martin Thanks for the info! I'm a huge fan of meetups. Already signed in for yours and will certainly try to show up.

@Franklin Romine I'm counting on some sort of financing for my first deal in the area. I've hear about all cash auctions, but I'm not that close to this goal. In my area even a 20% down payment is prohibitive for me at the moment (800k SFR, 160k down, ouch!).

@Charles M. Great to hear that you've found some cash flow positive opportunities. It seems that I need to get more info on seller carry finance. I've always thought that sellers would prefer money on the hand, and seller will carry could be very difficult to find.

Hey there!

I've read quite a few things here and there and it seems that there's a consensus that California is terrible for cash flow investing. But I got caught in some interesting stuff.

Sure, Bay Area, LA, Sacramento have scary prices like 3 bedroom houses for $1M and rent at 3,000.00 (far from the basic 1%), but I looked over cities like Fresno - the fifth largest in California, with 500k+ habitants and a lot of good looking demographic and economics numbers - and I've found several properties in the 100 ~ 200k range with some close to %1 rental numbers.

• http://www.trulia.com/real_estate/Fresno-Californi...
• http://www.zillow.com/fresno-ca/
• http://www.city-data.com/city/Fresno-California.ht...

Fresno is just one city and California is a big state. It seems that there are indeed some hidden gems in areas different than Bay Area, LA & Sacramento. 

What you guys think? I'm counting in the awesome bigger pockets community to find some local and out-of-state opinions! Does it make sense or am I ignoring something crucial and getting it completely wrong?

The new design is very sexy, and functionality wise I don't have any critics so far. I love the idea of making it more like a social network than a forum (with full page profiles, emphasis on connections, etc).