All Forum Posts by: Jeff Zimmerman

25% down is fairly typical in investment properties, at least in Central California.  However, I just had a client get a conventional loan for 15% down on a non-owner occupied.  So I'm sure if you shop around, different lenders will have different products to choose from.  In the loan I'm referring to, he did have to pay some mortgage insurance, but not too much, and had to put some money in an escrow account for the lender that is redeemable.  Good luck!  Let me know if I can help further. 

Hey @Zachary L.  Great questions, I know a number of people that have come to similar crossroads as well.  I think it really depends on your goals for your real estate portfolio.  It sounds like your property is cash flowing really well so it may be best to ask yourself:  if I did sell it and did a tax-deferred exchange, could I get an average cash flow, over the next 5 years or so, that was greater than I'm getting now?  Will my percentage of returns go up as well?  If not, you probably have your answer.  If you can get greater cash flow by exchanging than it may be worth the trouble of selling and exchanging.  

What would you want to exchange into and where would you want to buy? 

@Edmondo Morgan Jr  let me know if I can help with anything Fresno! 

@Edmondo Morgan Jr we've been having good luck in Fresno.  We have a lot of low caps in area's that are considered the "most desired".  My clients are finding great deals in pockets that are off the beaten path but still safe without too many issues in the neighborhood.  I"d say the 7-8 cap is a real possibility here if you are good at interpreting balance sheets and income statements to see the potential in a property rather than looking at what the numbers are in their simplest form.   I just purchased a property at a 7.2 cap using the 1% rule and it's going really well.  It was a property that was overlooked by a lot of investors as the numbers were a bit sloppy and the area of town was about a C.  All that to say, Fresno is great for high caps, and the more you know about financial projections the better.

are you looking to buy residentia1-4, residential 5+ or a commercial property? 

@Brad McAtee would be happy to give you some good commercial lenders, feel free to message me if you are still looking. 

@Autumn Gernhardt that'd be great!  if you are ever interested in the Fresno market I'd love to help in any way!

@Autumn Gernhardt  good luck Autumn!  can't wait to hear the success story at the end! 

hey @Christopher Thomas I have two guys I work with, George Sawatsky at Sawatsky woods and Brandon Carter.  Feel free to message me if you'd like their info. 

hi @Timz Valenzuela .  My name is Jeff Zimmerman and I work with Realty Concepts in Fresno. I love that you are doing your homework on agents in the Fresno (or any area for that matter).  I'd really love to chat with you over the phone and answer any questions about myself and the Fresno area.  A little about me:  I've been investing in real estate since 2011.  Most of my investments are in MFH.  I invest for cash flow.  I currently represent a large number of MFH investors in Fresno.  As I said earlier, I'd love the chance to chat with you and show you how I can help you find the right investment in Fresno.  Send me a message and we can find a time to chat.  See ya!