Stockton vs. Fresno vs. Bakersfield (or another city)

[Chris Huntington]

Hi folks, I need some market comparison advice for a rental property in Central Valley (California.) 

Here's my criteria:

• $75,000 - $120,000
• Cash only (don't want to finance)
• Growing area with a strong rental market 
• Not a fixer-upper

I've done a fair amount of research but am still not sure which city/area in Central Valley is the best investment right now so I can narrow my search down to one or two areas.

After exploring single family homes, I've decided to get a 2 or 3 bedroom condo instead, I don't mind paying HOA fees, and prefer that to having all the maintenance and repair expenses of a SFH. I've bought condos before and did well. I know they tend to have less of a monthly cash flow a because of the HOA, and may not appreciate as much as a house, but I'm ok with that. I just need a good, solid income generator in a growing city.

Would greatly appreciate any guidance on which cities are best, given my critera.

Many thanks, 

Chris H.

San Diego, CA 

[Jeff Zimmerman]

Hey Chris, good luck with your next out of area purchase!  Your price range is pretty good for Fresno and Clovis condos, especially on the northwest side of town and mid-clovis, which are really good areas.   I'm happy to talk if you have further questions about the area.  Let me know if you want to set up a time to chat.