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New investor to Fresno

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  • Posts 1.2K
  • Votes 1.1K

Joe Bertolino
Developer from El Dorado Hills, CA

posted over 5 years ago

I have been active in Sacramento but will be moving to Clovis or Visalia next summer to be closer to my inlaws and to get better access to the local RE market.   It appears to cash flow much better than Sacramento does.   I am excited meet you guys and get going in Fresno. 

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  • Posts 330
  • Votes 120

Allen Maris
Investor from Santa Ynez, CA

replied over 5 years ago

Hi Joe,

Welcome to BP. You're right, Fresno sure does cash flow better than SF. Though there's a bunch of competition so finding a good deal has been tough. I've been in the Fresno and Clovis market since 09.

Best,

Allen

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  • Posts 119
  • Votes 86

Chris Williams
from Fresno, CA

replied over 5 years ago

Welcome to Fresno! It's a great market to be in! :)

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  • Posts 37
  • Votes 9

Jeanie H.
Investor from Arroyo Grande, California

replied over 5 years ago

I've been looking at the Fresno area, too. The prices where I live seem to be too high to create much (if any) cash flow. And I have family there so I would have more reasons to go visit. :-)

look forward to learning from everyone else's experience.

Hope you do well!

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  • Posts 64
  • Votes 4

Nathan Richmond
Rental Property Investor from Visalia, CA

replied over 5 years ago

Hey guys, I think I'm going to like this sub forum. Do any of you belong to a REI group? I would love to join one that functions similar to this website. Anyways, there is this property in Fresno that seems really intriguing and I'm wondering why it hasn't sold yet. I'm not in a position to invest in Fresno quite yet. I just entered into escrow on a property in Tulare where I'll be doing some house hacking. The property I'm talking about is 833 N Van Ness, 93728.

I believe it's in the Tower District.  What do you guys know about it?  It's obviously older, but it looks like a really cool property.

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  • Posts 119
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Chris Williams
from Fresno, CA

replied over 5 years ago

Nathan, that fourplex is over priced. Those are all 1 bed 1 bath units only rented for $480 and listed at $259,900. That area is more considered SOTOW (South of Tower) than actual Tower District. That neighborhood is definitely on the up, but is still a low-end part of town. I personally do not see why anyone would pay over $160,000. It is beautiful property indeed, but in my mind, just not worth the asking price.

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  • Posts 35
  • Votes 7

Jarrod Gregory
REI from Palo Cedro ca

replied over 5 years ago
Yes and I've noticed that property come on and off the market for a few years. I think the price was 299k a few years back.
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  • Posts 33
  • Votes 8

Andy S.
from Fresno, California

replied over 5 years ago

Hello Everyone, 

This is a little off topic and was wondering if the current Fresno residents can help me out. I'm moving to Fresno and will be working in Visalia. Do you guys know a good/safe area around the South side of Fresno to live in or maybe even a city a little bit outside of Fresno that would put me closer to Visalia. My wife will also me working in North Fresno so we don't want to move to Visalia. I'm not too familiar with the area, we initially had our mind set on Clovis or North of Herndon for nice neighborhood and safety, but that will be too long of a drive for me. 

Any help would be appreciated! Thanks!

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  • Posts 14
  • Votes 8

Ryan Yetter
from Central Valley, California

replied over 5 years ago
Originally posted by @Andy S. :

Hello Everyone, 

This is a little off topic and was wondering if the current Fresno residents can help me out. I'm moving to Fresno and will be working in Visalia. Do you guys know a good/safe area around the South side of Fresno to live in or maybe even a city a little bit outside of Fresno that would put me closer to Visalia. My wife will also me working in North Fresno so we don't want to move to Visalia. I'm not too familiar with the area, we initially had our mind set on Clovis or North of Herndon for nice neighborhood and safety, but that will be too long of a drive for me. 

Any help would be appreciated! Thanks!

 Checkout Kingsburg. It's a safe, small town about 1/2 way between Fresno & Visalia. 

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  • Posts 119
  • Votes 86

Chris Williams
from Fresno, CA

replied over 5 years ago

Yeah, Kingsburg, Selma, & Fowler are all decent middle class cities along hwy 99 just south of Fresno. SE Fresno is nice too.

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