All Forum Posts by: Jeff Zimmerman

I use Jason Ekk at Darling and Wilson.  feel free to message me if you'd like his contact info.  

congrats on getting started @Deandre Lee.  If you ever have any questions or just want to discuss Fresno RE, trends, areas, etc...  let me know!  message me anytime.

what's up Francisco, if you still need some recommendations feel free to message me as we can't put names and numbers on the forum, but i have some great contractors you could check out 

@Rodrigo Cazares Ornelas good for you man!  good job getting started.  Your first deal is always the hardest and it's all downhill from there.  If you'd ever like to talk fresno RE i'd love to chat.  house hacking is a great way to start, I just helped a guy do that and he's doing really well! 

hey @Edith Alvarado de Cortez I think you do have to bring something to the table but it's not always money, it can be hustle, experience, connections, etc...  Real estate investing is about solving problems, sometimes for sellers, sometimes for investors, sometimes for tenants, etc...  when you can solve someone else problem such as if an investor needs to place funds and you are able to help do that you are bringing something to the table and you get a piece of the deal in return.  

I'd love to talk Fresno real estate investing with you sometime, feel free to message me! 

hey Thomas, i use Ray Medrano at Roeser Accounting here in Fresno.  He's been great for me. 

is it in pinedale?  if so that would drop the value quite a bit.  130 spruce?  be careful in that area, it's a bit rough.  i havne't looked at rent comps in a bit for pinedale but i can't imagine you'd go much higher than 1200/month/unit even in a 3 bed, but maybe. 

looks like you'd come out with about $28k after closing costs and before your debt is paid off, if you are only using that cash you could purchase something in the 110 range, like a condo to use as an investment property that will rent for about 900-1200/month. if you choose to rent it out i'd definitely go down to a 30 year mortgage so you could drop your expenses significantly. 

how much debt is against it?  what area are you in?

if i did my math right it looks like you'd be all in for 784k after construction is done, is that right?  that comes out to $196k per unit.  its on the high side but if all units are 3/2 they could rent for up to $2300/month depending on the area.  I think it's possible to get a high valuation on the property which would pay for your entire construction loan and then some, you may be able to get in without any money out of your pocket.  what area is it in? 

@Rosendo Perez happy to help, what kinds of recommendations are you looking for?  area?  let me know and i'm happy to give you some thoughts that may be helpful.