All Forum Posts by: Jeff Zimmerman

@Marine Palamutyan  oh that's a bummer, sorry to hear that.  feel free to call or email anytime I can be of help, all my info is in my profile on BP.  Have a great weekend! 

@Marine Palamutyan glad it helped!  always happy to carry on the Conversation, especially if I can help with Fresno RE.  feel free to message me. 

I've noticed about 5.5 for a 5/25 and it moves up from there.  I just had a client do a 10/30 for 7%, that's probably the high point.  I recommend talking with Tony Guzman and Bank of the Sierra in Fresno, he can give you all the up to date info as they do a lot of commercial MFH's there. 

Feel free to message me if you want to talk fresno at all. @David de Luna

Either are great, it really just depends on your long-term goals.  In 30 years Do you want to have a large portfolio in Fresno or a small portfolio in LA? either are great, it just depends how many properties you want and if you want to mitigate your risk across lots of properties or just a few.  yes, LA will have a higher appreciation, make sure to factor the appreciation rate against your loss of cash flow in LA vs your rent rate in LA and appreciation and cash flow in Fresno.  Whatever number you get in the end may help you decide.

Does that make sense?

@Raul Cesar cortes adding a pool is great as the summer is so hot here, however, the rule of thumb with pools is that you take the cost of the pool and divide by two, the number you get is the amount of equity you add to your home. From an investment standpoint, you actually lose money.  Seems like you just need to ask yourself what your goals are.  Neither of these are the wrong answer, it just depends on what you want. 

As far as Flipping in Calwa, it's never going to be a great area but I've heard the tenants are pretty low maintenance overall as most of them are farm workers who don't want any trouble.  I know that property you are talking about,   You certainly have room to move up in rents, i think you could push $800/month on those homes if you put some money into them.  However, you can't plan on a lot of appreciation in that area, so make sure the cash flow is rather high.   I would also make sure to get new leases in place as part of your contract, otherwise it could be a challenge to collect rent later if you get into a he said she said situation.  At least get estoppels.  

hope that helps.  let me know if that doesn't make sense or if you'd like some clarification. 

@Colleen Prescott thanks, just curious.  let me know if you ever want to discuss the fresno area. 

good luck @Linda T.  Bakersfield is a great market.  If you ever need a lender in the Fresno area feel free to reach out, i've got a number of them I refer to . 

@Colleen Prescott sounds good.  let me know if i can tell you about any of the area's.  What part of town did you sister in law buy in?

if you are talking about west of the 99, I'd stay out of there, really rough area.   As far as parts I would concentrate on: Downtown, Tower, Fig Garden, Old town clovis or other parts of clovis really. 

@Colleen Prescott   I've been investing in Fresno for the last few years, mostly because I live here but i've found really great returns here.   turn key units go for roughly 70k/unit and up, many B- and C properties with value add go for 60-75 k depending on shape and area etc.  If you'd like to talk fresno I'd be more than happy to answer specific questions for you.