All Forum Posts by: Michael R.

Hi Maria, I’m in Modesto.  Since your income properties are in Modesto it would be a good idea to join the Modesto Facebook groups and come check out the meetup as well.  I run one of the FB pages, there are many of us locals who would be able to give Modesto specific advice.  DM me for details if interested.  

Hey @Christian Pardo I’m a Modesto-based investor and run a Facebook group for local investors, feel free to PM me with any questions you have and I can get you a link to the FB group. There’s also a local meetup on the 2nd Thur night of every month at Direct Appliance on Mchenry. PM me for details. Good luck in your investing journey!

@Ramases Gousheh welcome!  You and I are very similar based on your profile, i was a medic for years and still licensed, also invest out of CA in the midwest....hit me up in FB messenger if you want to chat more about Modesto & out of state opportunities.  Thanks for tagging me here!

Sounds good, pop in and introduce yourself!   I've been super busy the last few months so it's been a bit quiet in the group but lots of knowledgeable folks in it.  When I get a couple of projects off my plate I'll be engaging more in it myself!

Hi Victor! I’m in Modesto, born and raised, and have rentals here.  I run a Facebook page for Modesto area real estate investors, you can find by searching in FB for “Modesto Area Real Estate Investors.”  There is a local Meetup for investors here as well, we get together the 2nd Thursday evening of every month at Direct Appliance on McHenry.  Solid group of people willing to network, teach, and learn.   PM me if you have any questions about investing in Modesto, nice to meet you!

@Pablo T. congrats on your pending purchase!  I’m also in Modesto.  You should be able to make any necessary repairs, however you’ll want to read over the lease that the seller gives you to see what time frame they wrote to have to give notice for intention to enter.  Also be prudent and mask up if going inside so you can say you took all necessary precautions.  FYI we have a modesto area investors FB page that you’re welcome to PM me to join and network with local investors! 

Hi Salil, I'm an investor in Modesto. We have a local FB REI group if you'd like to get plugged into the community of investors here, feel free to PM me and I can send you a link. Also happy to answer any questions you might have about the area.

Hi Edward, there is no formal REIA in Modesto. However there is a good group here that is active! I have a FB page that is for local landlords and investors to network and there is a Meetup group that gets together monthly. PM me for links to both!

Erik we have a local FB group for networking around Modesto.  You might be able to find local private money connections.  Message me if you’re interested in a link.

HELOC's are a wonderful tool and I use 4 of them regularly, but like Ryan said you'd need to be confident in your rehabbing skills and process or you could become homeless if things go badly. Hard money loans are good but expensive, because they have no relationship with you so no idea how risky you are. Private money combined with your HELOC or personal money is the best way to start IMO. Someone that has a relationship with you and is willing to partner with you when you're more risky in the beginning. I'm also in Modesto and flipping is tough around here right now, homes in bad shape are still listed with retail price tags. Once you figure out your funding you'll have to really hit the streets door knocking or mailing to find people willing to sell that a realtor hasn't convinced to list for top dollar. Good luck!