Salinas, FresNO/Clovis, Sacramento

[Tom Makinen]

How does everyone feel about investing in second tier California cities in a or b class neighborhood such as Fresno Salinas and Sacramento.  

With Salinas, it is the closest but they really lack high paying jobs in the area.  It is also very expensive.  In a class neighborhood, it can be 500-600k. 

Clovis and north Fresno are a little cheaper at high 200s to low 300s.  They are mostly in good school districts and at least Fresno is a city that have jobs to support growth.

The same thing in sacramento is about 100k higher.  I wonder if the jump will stop at some point as they rely mostly on Bay Area folks to support the high home prices

What do you guys think?  Or should I just invest in Oakland and wait for more gentrification

[Jay Orlauski]

keep an eye on Fresno -  there are areas where revitalization efforts are taking place and there could be some great opportunities for those who can buy and hold... also still plenty of homes to flip here too if you prefer that route. The Better Blackstone project offers incentive to investors for building high density housing in areas where they need it.  Might be something to look into if you can build multiple units.