All Forum Posts by: Travis Beck

Anurag,

Happy to connect and see if my team can help you find a good investment home and insights on the different zip codes/areas.

Diane, can you share the address? I’m curious where your rents are compared to market rents? I have noticed lots of owners have not kept up with current market rents over the years but when they go to sell, they still want pricing that comparable units have sold for but with much higher rents. You might need to get your rents to a point where the property at least cash flows some with 25% down. 

I would start with Zillow. Its free and they have screening portion and lease agreements

Matthew,

Great deal and info here. I would say regardless of if you get a deal here the value from going thru this analysis is worth it! 

Sounds like your offer for cash is so far below his asking price, that he will likely decline...but cant hurt to offer i guess. On this sellers next home, sounds like he may need some additional education on the buy side...if you can add value there it may bode well for you on his house as well. Without major repairs needed it will be challenging to get a substanially below market offer accepted. By any chance are you a realtor? this could be a scenario that you offer to help him sell his home and profit from that sell. Just another exit option that you could offer him!

Happy to discuss further if needed.

Alex, happy to lend a local perspective! Reach out if I can be a sounding board for you to help make your decision. 

Estevan,

Have you tried Mid Valley Finance? I know they take a longer look at projects like this in the valley and I have noticed they tend to accept more projects sometimes but depending on experience you may be asked to bring more money in than an experienced developer and likely to have a higher interest rate. Let me know if you’d like a connection to somebody there. Goodluck!

Marie,

You are not alone here. Keep your head up and good for you for realizing it’s time to pivot. We use Fresno Management Company. Reach out and I can connect you to them directly if you’d like. 

Alex, 

Cash flowing rentals in Fresno are still around. You have to buy right and expect to bring some equity into the deal. There are only a few select scenarios where it might be ok to have negative cash flow for the first couple years. The main exception would be for very high appreciation. I’m a BP premium agent here in Fresno, Happy to chat further on this subject, if helpful!

Jordan, Fresno market in my opinion is a great blend of affordable with opportunity still for appreciation and cash flow. Would love to go deeper if your interested

Savvy Construction is hosting an open house for local homeowners, realtors and investors in the Central Valley (Fresno, Clovis, Visalia, Hanford, Lemoore).

Come check out our newly finished Clovis cottage home and garage studio conversion. Our General Contractor will be onsite to answer any questions about ADU, JADU, and mother in law suites about the cost and process to build. We hope to shed light on the value of ADUs and how we think they can be a powerful investment vehicle.

Please bring any friends, neighbors, and family members that you think might be interested as well.