New to Real Estate · Member since 2025 · 4 posts · 0 votes
Looking to get my foot in the door with a house hack live in flip. Is the Fresno Ca Market promising for a young investor starting out his Real Estate journey?
@Leonardo Contreras A good way to start your investment journey. First question do you live in Fresno now? If not you'll need to really study the market. The purchase price will be lower than other CA markets. If you can move to a lower tax and regulation state? With any flip you'll need to get the area right, where are people moving, are there jobs, or walkable areas where people want to live? Buy in the path of progress. There are a lot of new developments and farmland being sold off to developers. What is going to make your flip more appealing than a new build 5 miles away? Can you live in a construction zone and cover the updates and mortgage without roommates or will they be okay with no kitchen or bathroom? Lastly calculate the exit plan. The good thing about a live-in flip is that you can stay if you want.
Absolutely! Its one of the least expensive ways to start out due to loan rates and the down payment for owner occupied properties. Best things to look for would be a duplex or a single family home that is able to be appraised (so it can use an FHA or conventional loan) but that needs some serious love. There are some good options out here in Fresno. DM me if I can help with anything else @Leonardo Contreras , good luck!
@Leonardo Contreras, let's connect. That is a good start, been there done that also. A live in flip is a common way to get started young. Whether Fresno works for it depends a lot on the neighborhood and how long you're willing to live in a construction zone. I'm from Sacramento. I can pass along some resources and a few introductions too. Would you sell it once the work's done?