All Forum Posts by: Willie Marquez

Hey Edmondo, I’d recommend off of Downing or off of 8th Street

It looks like we have some interest! I’ll start a private FB group and start working on the agenda and structure of the online meetup. For those of you who are interested, please send me a direct message with your email address!

Hey all, I’m new to BP, but have been a part of the real Estate game for several years now. We hear on the podcast that it’s important for us to join our local meetups, but I can attest that it’s difficult given my work schedule and obligations. Would anyone be interested in a weekly webinar where we discuss different topics each week about the Stockton market? If we gather enough interest I’d be happy to host and facilitate!

Hey Cody, I’m late to the party but want to echo everyone and say you should stay away from condos. The cash flow may be there in the short run, but you’ll encounter problems like increasing HOA fees, slower appreciation, and difficulty selling or renting out the home. California as a whole is peaking, so you should definitely look out of state. Let me know if you need some help with going out of state!

Hey Andrew. I’d recommend you reach out to Huston. He’s a great guy and I’ve heard great things: https://yelp.to/qTKq/CCihlXIZnN

Hey Jason. I recommend you check out LoopNet. There are a bunch of brokers there who do commercial real estate and a lot of their deals are sometimes never listed on the market. One broker I’ve worked with and recommend is Andrew Hernandez at PMZ Commercial.

Hey Edmondo. Paul definitely seems to have the market down, so he seems like a great resource. I’d like to echo his comment that it is getting tough in Stockton. Multifamilies are a sure fire way to meet the 1% rule but there are some rare gems in pockets. Areas I would recommend are near UOP. People underestimate how much students will be willing to pay to be close to campus and not have to pay for gas and parking. And it’s a great neighborhood. I’d also recommend Southside near I5. It has a bad reputation, but we’re starting to see a surge of Silicon Valley commuters buying in this area, and the crime is definitely improving with this inflow of people who care about their property. Lastly, I’d recommend you get in touch with wholesalers or serious fixer uppers. With a low enough price and a strong stomach, you’ll get the 1%. Or you can force appreciation by adding square footage or rooms to meet the rule. Happy to answer any other questions you may have.