Oakland, Fresno, or Stockton Investment? BRRR?
Hi Everyone,
I'm looking for my first investment property but I'm not sure which area would make more sense to me. I currently have about 10-15k to spend so the pricepoint im trying to remain in will be 200-350k. I want to invest somewhere close to the colleges(Fresno State / University of Pacific). I currently have two properties I've rented and am subbletting via AirBNB. My initial plan was to just cash flow so I started doing airbnb by renting properties and just using airbnb as a platform for cash flowing. I wasn't ready to dump all my money into a down payment just yet, and at that time, my initial goal was just to cash flow. So the airbnb subletting just worked. I am now wanting and ready to take the leap to jump into owning porperties. Im comparing these three places for rental. I want to do the BRRR strategy. Just wanted to see if anyone could answer couple questions down below about their investments / experiences in these areas:
1. How much did you buy the property for?
2. How much down did you have to put and what type of loan?
3. Vacancy rate?
4. Turnover rate?
5. Monthly Cash flow?
6. Appretiation?
7. Short term rentals in these area, bad, good(Airbnb)?
8. What type of tennants are you seeing?
Plus any additional comments.