Stockton investors and owners

Thanks @Wes Blackwell

@Eddie Bridgett Jr I agree with the comments here.  Stockton is block by block and you're best bet is to drive those blocks.  We like north of downtown all the way to UOP area.  We stay away from south of hwy 4.  We have a 16 unit and under contract for a 15 unit currently, both north of downtown.  That area is changing. With the Open Window Project and some other revitalization buzz going on, you can see rehabbed properties as well as population profile shift happening.  There is a good amount of inventory that still needs work so there are value add plays.  Most owned by mom and pops.  The new California State University potentially coming to Stockton is a wildcard and where it could be located.  We are also looking at a 50+ unit in north Stockton.

We are getting good tenants at full market rents. ConC ROI is great as well. DSCR works with 25% down. Looking at more deals with the GRM below 10. Seems like one of the last places within a few hours of the bay area that has attract yield. But, like most places, got to be patient and search for that golden deal where all the numbers align and work. Cannot just buy any MF and expect it to cash flow nicely.