All Forum Posts by: MarieChele Porter

@Sue K. You know what the adu thing is a good point and I didn't even think of that! There are much bigger lot sizes than SF so that is a great point! Also explains why a lot of the 2-4 units I see are separate buildings! Thanks for that point you just gave me a great new data set to include in my analysis!

@Amy Mc I am new like you and I am looking to invest in Fresno as well and run into the same problem. What I've found is that the rents typically don't surpass the current mortgages and other expenses which makes it really hard (but not impossible). My strategy is to find something I can house hack whether it be a 2-4 unit or big enough sfh. After this I'll see if I can find any better deals if it's still proving to be too hard I will look for another area with better margins.

In Fresno it just seems as a whole unless you have a newer apt building the rents at some point stopped rising but the home prices did not. A lot of the deals I analyze are a 400k 4 plex that have rents at $500-600/month for each unit as if they haven't raised rents since they purchased years ago for 100k.

Anyways without continuing to go on and on a lot of rents are lower than they can be but not always by much. There are ways to find better deals but the number 1 thing is to keep analyzing as much as possible!

@Jeff Byrne

Distance yourself from the negativity... Even though I have a bad habit of keeping things to myself but if someone is quick to judge without listening to the facts or trying to understand the process and give valuable input they're not the people you should be talking to!

On the other hand you can choose to use it as fuel and motivation to show that you can do it! You're in a great market to get started do your research keep educating yourself and take advantage of it !!

Hi all,

I am looking to change my property manager in the Garfield Heights Ohio area I am hoping that someone has a recommendation for a good property manager that they have used or are using currently.

Thank you in advance,

MarieChele

Hi everyone!

Ok so my realtor just sent me over a deal that I am interested in that offers seller financing but I have no idea where to start! It's an 8 unit property in the central valley of California (Fresno) and rents are below market at about 4 units at $550 and 4 at $650 when they could be up to 700-750. The property is listed at 650k but he suggests trying to go in at 600k with 10% down and 7% interest only for 3 years. Of course there are different scenarios I can try as well to tailor it to what the owner may like but looking for ideas from people with experience on these kinds of deals. 

Any suggestions, ideas or feedback is greatly appreciated!

Thank you, MarieChele

@Jeff Zimmerman great thank you very much! Look forward to connecting!

Hi everyone,

I am planning on relocating to the Fresno/ Madera California area for school and real estate. While I am there I would like to purchase a 2-4 unit property and get my feet wet in wholesaling properties. 

I am hoping you can help me with suggestions or recommendations for real estate agents, loan officers or brokers, local meetups, contractors, wholesalers, etc... Basically anyone to begin building a team in the area.

Thank you as always your help is greatly appreciated!

MarieChelé

 Ok thanks that's good to know bc leases aren't up until June 30th!

 That's a big difference to over a year $1,200 could kill the deal! Congrats on your duplex as well I'm looking forward to negotiating lol.

 Thank you didn't realize to ask for actual rents and expenses as well thank you and will definitely keep you all posted!