I just spoke to one of my investors who is bring another 6 plex on board with us.

Evening all, Hope this post finds you well, feels like we have been running in circles for the last few months with no clear path in site.

I had a feeling that was unlikely.

Feel free to DM me if you ever want to discuss investing in the Central Valley.

Talk to some local property mangers to get a feel for rental prices and demand.

Speaking for myself I’m just planning to have to live there for more than 1 year and make sure there is room to raise rents, for example spending a few thousand to bring a washer dryer connection to the complex if it doesn’t have one could be a great cash on cash return if you can raise rents maybe $50/unit on the next turn. 

If you have any questions, please feel free to contact me.

Since this has happened multiple times, both sides should be prepared to bring documents showing what investigation and what corrective action they took (hint: they likely have none). 

Honestly, though I feel most banks and lenders want to have performing notes and if you look good on paper, then they probably won't give you much kick back if you qualify.I hope this helps and thank you for reading! 

Feel free to reach out to one of us with your inquiries.