Updated over 5 years ago on . Most recent reply
Fresno multi-family & apartments
Who is buying or have bought multi-family (fourplexes and small apartments) in Fresno, CA? Looks like good prices with higher rents, which could offset statewide rent control.
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Although I would like to invest in Fresno (great family-oriented community, great prices, and close enough to Sacramento that I drive to), I will never invest in rental property California. The newly enacted rent control and tenant eviction law makes it price prohibitive. Also, the legislature is considering a new law that will allow tenants to get additional rent relief if they agree to pay off the balance to the state government over ten years. It is voluntary for the owner and tenant now until it becomes mandatory when the legislature decides to change the law to make it worse.