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Updated over 4 years ago on . Most recent reply

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Noe Arreola
  • Rental Property Investor
  • Burlingame, CA
4
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17
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Starting things off small

Noe Arreola
  • Rental Property Investor
  • Burlingame, CA
Posted

Hello everyone, I am looking to startup investing in the Stockton, Manteca, and Tracy California area. I have a bit of money to play with and I am looking at a traditional way of investing example:

I finance a house a traditional way, somewhat in bad shape, rehab, rent and refinance. Is there something I would be doing wrong? I just don't have money to buy a house and do the BRRR method which I would like to do.

Any insight or advice would be greatly appreciated and if any realtors/lenders around this area feel free to reach out to me.

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1,287
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1,234
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Joe Bertolino
  • Investor
  • El Dorado Hills, CA
1,234
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1,287
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Joe Bertolino
  • Investor
  • El Dorado Hills, CA
Replied

If you are on a budget and are looking for cash flow and decent appreciation and a solid tenant base... check out Yuba City.  There is a hospital, junior college, mall, etc.  Its the shopping hub for the all those little towns between Sacramento and Redding.  You can get a $200,000 home that will rent for $1500+.  I still much prefer Sacramento but I would take YC over Stockton.  

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