Looking for connections in Modesto or San Jose, CA

Most Popular Reply

Art VanDerWerff
Investor · Manteca, CA · Member since 2016 · 5 posts · 6 votes
10y

Hello,

I have a few buy and hold in Modesto and Ripon.  I have also Wholesaled a handful of homes.

I know this area very well raised and researched to any houses here.  Almost know every what

street looks like in the day and night.  Modesto has great areas but also has area of high gang and

homeless problems.  Not to scare you.  I bought one foreclosure with a homeless guy spending

 every night in the bushes in the front yard and another breaking in and living in a back unit every

night.  Police were not an help with these type of issues.  Main expense is cleaning up there messes

and paying for broken windows and doors.  But in the front I just removed the cover

bushes they were using.  And the back unit,  I caught the guy one morning.  Offered him

Breakfast  and work.  A job for a couple weeks.  He told me no thank you.  Then asked for Drugs

(Meth).  Long story short never seen the guy again.  My favorite to buy is 3 bed 2 bath.  But lately I

have had no luck on finding any great deals to buy and hold.  I want great cash flow!! lol

I have a few multi-plex deals I am working on.  Seems to have not raised as fast in price as fast as

single family homes in the area.  I buy Modesto and Manteca and Ripon.  The main guy I wholesale

to loves Manteca.  Ripon is by far the best area around here.  But cost per square foot is the highest.

Any questions for this area I don't mind answering.  If I have a answer. lol

Not sure of your budget but this is good cash flow property.  Too high $ for my current people that I

wholesale to.  And I don't want to use all my resources in one spot.  617 Tully Rd Modesto 95350.

It is right across from the College.  Asking is 1300,000 but talking to them sounds likely they will sell

in the 950000 range.  It is all apartment's surrounding and some industrial.  So that is not ideal and

unchangeable.  It seems to be rented to a lot of bad people.  People looked bad, not students, from

what I have seen.  But this can be changed over time.  The place itself seems maintained from what I

have observed while walking the place. 16 units 1-2 bed units. MLS # 16009479.

I am not selling this property and not involved in selling this property.

Anways got off on a tangent.  Have a Great Day!!

Art Vanderwerff

2Reply
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  • Account Closed
    Investor · San Jose, CA · Member since 2012 · 2k+ posts · 3k+ votes
    12y

    Hi James,

    I invest in San Jose. What type of investors are you looking for?

    0Reply
  • James Dunn
    OP
    Edwardsville, IL · Member since 2012 · 28 posts · 2 votes
    12y

    Hi Minh! Thanks for the reply.

    I'm looking into long term holds in Stanislaus County, so I wanted to connect with anyone in the area that's actively working the market.

    What type of properties are you currently investing in?

    0Reply
  • Janet Harbor
    Flipper/Rehabber · Slippery Rock, PA · Member since 2015 · 18 posts · 7 votes
    11y

    Hi James,

    I'm working with a few investors in Modesto specifically. They focus on holds. There are a few new listings - REO that just cam on the market as well as some pocket. I occasionally do flips - What are you looking for? I'm an agent so if you need comps or any additional info let me know.

    0Reply
  • Kathy Stewart
    Rental Property Investor · Dallas, TX · Member since 2015 · 243 posts · 70 votes
    10y
    Yes, I am interested in these areas and am connected with a builder in Sacramento.
    0Reply
  • Art VanDerWerff
    Investor · Manteca, CA · Member since 2016 · 5 posts · 6 votes
    10y

    Hello,

    I have a few buy and hold in Modesto and Ripon.  I have also Wholesaled a handful of homes.

    I know this area very well raised and researched to any houses here.  Almost know every what

    street looks like in the day and night.  Modesto has great areas but also has area of high gang and

    homeless problems.  Not to scare you.  I bought one foreclosure with a homeless guy spending

     every night in the bushes in the front yard and another breaking in and living in a back unit every

    night.  Police were not an help with these type of issues.  Main expense is cleaning up there messes

    and paying for broken windows and doors.  But in the front I just removed the cover

    bushes they were using.  And the back unit,  I caught the guy one morning.  Offered him

    Breakfast  and work.  A job for a couple weeks.  He told me no thank you.  Then asked for Drugs

    (Meth).  Long story short never seen the guy again.  My favorite to buy is 3 bed 2 bath.  But lately I

    have had no luck on finding any great deals to buy and hold.  I want great cash flow!! lol

    I have a few multi-plex deals I am working on.  Seems to have not raised as fast in price as fast as

    single family homes in the area.  I buy Modesto and Manteca and Ripon.  The main guy I wholesale

    to loves Manteca.  Ripon is by far the best area around here.  But cost per square foot is the highest.

    Any questions for this area I don't mind answering.  If I have a answer. lol

    Not sure of your budget but this is good cash flow property.  Too high $ for my current people that I

    wholesale to.  And I don't want to use all my resources in one spot.  617 Tully Rd Modesto 95350.

    It is right across from the College.  Asking is 1300,000 but talking to them sounds likely they will sell

    in the 950000 range.  It is all apartment's surrounding and some industrial.  So that is not ideal and

    unchangeable.  It seems to be rented to a lot of bad people.  People looked bad, not students, from

    what I have seen.  But this can be changed over time.  The place itself seems maintained from what I

    have observed while walking the place. 16 units 1-2 bed units. MLS # 16009479.

    I am not selling this property and not involved in selling this property.

    Anways got off on a tangent.  Have a Great Day!!

    Art Vanderwerff

    2Reply
  • Daven Mody
    Investor · San Jose, CA · Member since 2014 · 20 posts · 2 votes
    10y

    Thanks for your insights Art.  It's funny you mentioned the apartment complex across the college in Modesto. This was brought to our attention last week by an agent and we passed on it as the asking price was a bit high. We have never purchased any rentals in Modesto. Heard a lot of horror stories so always stayed away. My brother and I are buy and hold investors and own 6 single family homes in Tracy and Manteca. However, deals are getting hard to come by..

    Would love to connect with fellow investors and wholesalers in the area.

    Cheers,

    Daven

    0Reply
  • Chad Maricich
    Escalon, CA · Member since 2015 · 1 post · 0 votes
    10y

    My wife and I own 3 buy & hold single families in Modesto, 1 buy & hold single family in Riverbank (also in Stanislaus county) and one multi-family in Ripon which is in San Joaquin County.

    Cash flow in this area is harder to find, but we are having very low vacancy rates and that helps a bunch when working the numbers. Hopefully that continues.

    My wife is a full time agent that covers San Joaquin and Stanislaus counties. Her office is in Manteca.

    We are always looking to partner with good buyers, sellers, investors etc. in the area.

    0Reply
  • Mark Silva
    Real Estate Agent · Modesto, CA · Member since 2012 · 49 posts · 16 votes
    10y
    Hi James, I live and work in the Modesto area as a realtor with a few holds myself. Let me know if you need any help
    0Reply
  • Arpad Racz
    Mountain View, CA · Member since 2016 · 85 posts · 10 votes
    10y

    Hi James,

    Are you considering multi-unit properties?

    0Reply
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