All Forum Posts by: Jay Orlauski

I wish I had started going after listings sooner instead of working with only buyers  - Also - as someone else mentioned , I wish I had started with a larger brokerage that had more intense training programs or at least had found a mentor to work with earlier

@Rich Lopes - here is the Sect. 8  payment standards  - http://www.fresnohousing.org/wp-content/uploads/20...

I started accepting sect 8 when I realized they were paying more than I was asking for rent  - so I bumped all my rents and started accepting sect 8  - today my payment came on time deposited directly in to my account - I'm a fan so far - of course I screened really well too so I have a great tenant

@Rich Lopes - it's tough to get anything above 5% on B & C properties that are on the MLS right now but there are few good finds every now and then. For example , just today a triplex came on the market with a 7.5 % cap rate potential, but currently earning 5.2% cap rate cause the rents are too low. They are only getting $700/ unit when the avge in the area is closer to $1000. month

I've been working with Craig Barton of Valley Wide Homes for the last 17 years with a great deal of success. He is very friendly and knowledgeable about the industry and helped me buy my first investment property over 17 years ago. Since then he has helped me with several other properties - I would highly recommend that you talk to him about your options. Best of luck to you!

@Brad Henson -  I would be happy to help you locate something in the Fresno area - finding cashflowing mutli-famiiles on the open market right now can be a challenge - but a few come up periodically - I'd love to help you with it. Let me know if I can be a resource for you. 

Juan - if you have some deals - give me call - I got some buyers for you

Hi Jonathan - welcome to site - as Jeff said .. appreciation is great in Clovis , but cash flow is a little more of a challenge- however, you had mentioned off market properties and that is where a lot of the deals are.  You are doing good by connecting with local investors -  it's a great way to start seeing properties that you might not otherwise have access to.  Best of luck to you - let me know id there is anything  that I can do to be a resource for you. I'm and agent in Fresno as well as an investor - always happy to chat if you want to learn more about the area. 

Happened to a wholesaler buddy of mine too...gotta know who to trusty in this industry and keep the details to yourself to you have it locked up!

WOW! DeAndre - Thank you so much! I had an amazing time putting this on. I've gotten so much positive feedback from the summit - thank you for joining us - and thank you for the glowing review. I'm so glad that you were able to find value in it -it's exactly what I was trying to achieve with this summit.  I'm looking forward to putting on next years - and many people have come forward to offer to be a part of next years event already.  Let me know if I can help you with anything... see you at the meetups!

@Darryl Putnam  - thanks for the kind words - I had a blast putting this on - I really enjoyed talking to you and I 'm glad that you found the information useful. I'm looking forward to getting started on next years event!