All Forum Posts by: Jeff Zimmerman

well done @Kevin Moules !

Congrats @Ryan McKinney ! As a quick note, while Duplex's tend to cash flow less, their appreciation rises faster than other MFH's with 3 or 4 units. you will always be able to sell it for a premium if it's in good shape with market rents. Usually, they sell to SFH ma and pop investors rather than MFH investors, and SFH investors tend to pay really high prices for everything. so you should be solid long term!

@Adrielle Tecklenburg. good questions!!  House hacking is a great way to go.  The first thing you have to remember is that the only person who gets to define a good deal is the person making the deal.  Start with your goals in mind (i.e. how much money you want to make, how long you want to hold it, live for free vs. cash flow...etc...) after that you can usually find a place that meets your goals and allows you to do what you want to do, it just takes some sweat and creativity.  I'm in Fresno and know this market pretty well, if you'd ever like to chat about the process, possibilities etc... feel free to message me, happy to help! 

@Jonathan Tran sorry to hear about your bad situation with tenants, I've been there and learned from it.  I bet you can still salvage it and get some great tenants in there, it just takes some learning and going through the process.  I've got a lot of resources that I'd be happy to give you to take care of the problem, feel free to DM me and I can get you hooked up.  I went through a similar situation when I started. 

@Jonathan Greene that is well said! 

@Chris Gouveia Fresno has been really good to me, i've been investing in the area since 2011. Rents keep steadily moving up even in the top markets, easy to find good tenants. Sometimes buyers tend to get in a situation with multiple offers on MFH which pushes more educated investors out of the market, but it usually just takes a little creativity in structuring the contract to make it work for both parties. But overall, things have been good, we still have low inventory of SFH's so apartments are in high demand and probably will be for at least a few more years while we catch up in building.

@Alexis Hui let me know if you ever want to chat about Fresno RE!  It's always a good time talking about it. 

thanks for the shout out @Darryl Putnam !

Hey @Jeffrey Tripp, welcome to BP, it's where I got started too.  Lots of valuable info here.  If you ever want to sit down or have a phone call to talk Fresno RE just let me know, it's always a good time.  Good luck! 

@Martha Hernandez First time homebuyer programs can be great in a number of ways and can make your deal hard in others.  They are great because they usually provide a lower interest rate and lower down payment, some even give the buyer a "silent second" loan which lowers the overall first loan amount and has no monthly payments due with no interest. The "silent second" is then paid off at sale.  Where they are hard is that they come with a more strict appraisal, and for a seller who knows that they are more likely to accept an offer that is using a conventional loan with a less strict appraisal.  

When it comes to Fresno, this may be a great place to start your investment portfolio if it's affordable for you.  You may want to run some numbers to see if you will make more money in 5 years by purchasing a home in Fresno and a townhome in the bay or if you continued to rent in the bay and bought multiple homes in Fresno that cashflow.  

If you'd like to talk more about Fresno I'm happy to answer any questions you have, just shoot me a message.  Good luck!!!

@Sahir Noorani Fresno has been really good to me from an investment standpoint. Bay area money usually goes pretty far here. MFH's are in high demand right now which is pushing their cap's down, but cash flow is still very possible with the right deal but recently i've been surprised at the amount of cash flow investors are taking out of SFH's right now. If you'd like to talk more about Fresno feel free to message me, i'm happy to answer any and all questions you may have.

@Noah Hoffman are you talking about a county island in Fresno vs in the city?