Tulare County, Ca and Central Valley Thoughts?
Hello everyone, I'm new to real estate investing. I live in Orange County, so my market is very high and numbers don't typically work.
I'm looking for buy and hold, multi family properties. I recently started looking in the Central Valley and I'd like thoughts on the area by those who live and or invest there.
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Hello & welcome aboard @Joshua Rustvold!
You've found research central and a great community here at BP. I recommend you listen to the penultimate podcast featuring Swanny.
I live in Merced County and formerly lived in Fresno County (attended Fresno State). I've been in the CV for years but I've lived in the big city too (Main & Garfield in HB!) Haha.
The CV (& IE) started crashing in '06 and have since recovered. We've had several, several years of appreciation. Deals can be found in ANY market but my point is that we're near the top of the cycle. Again, listen to Swanny's podcast. This is just my opinion and represents a big picture view to a new investor.
With that being said, it's smart in invest within a few hours of your home. I would look at larger multi-family apartment complexes (15+ units) in A/B/C++++ neighborhoods that you can have professionally managed. You will scale better this way and minimize your risk levels. You may want to consider the path of progress of California's high-speed rail (HSR) as well as what's going on in the town that you're investing in.
Feel free to reach out and connect with me and we can discuss goals, strategies, money, etc.
Best of luck to you!!
TJ