All Forum Posts by: Yue Lehman

What a huge undertaking and I'm sure there's lots of laughs (and maybe tears) along the way. Thank you for sharing and can't wait to see the listings! 

Glad to see this just in time! I can finally make it this time. Looking forward! 

Hi Travis, if your goal is MTR to traveling nurses and other business professionals, be careful with using AirDNA numbers since their data collected can be from vacation stays. STR's can charge a significant rate when a SFR is large and can accommodate for large amount of people whereas STR tenants prefer privacy and usually travel individually or in pairs so 2 bedroom properties work really well for them. Just my 2 cents, hope this helps.

Congrats on the househacking purchase! My two cents on MTRs - it's VERY location dependent. If you're close to major hospitals such as St. Agnes, Kaiser (which I'm not sure if they have travel nurses...), Valley Children's, you're set, otherwise you might have better luck with STR.

@Xiao Xiong

Hi Xiao, as a real estate agent, it would be illegal & unethical to tell you what I think is a safe area or not. Plus, what is safe to me might not mean the same to you. I suggest you find the criteria for "safe" yourself or for your prospective tenants.

Hi Xiao, you can always put more down to make it cash flow if that's all you're looking for. Otherwise, I encourage you to look for something that other people don't want to deal with. For example, an older home that is well built (structure wise) but needs a complete upgrade (interior remodel), and use the BRRR strategy. Remodeling definitely has its own challenges especially if you don't live in the area. The areas you mentioned have opportunities, I also like zip codes 93710, 93728, 93704 as there are a lot of homes in the price range you mentioned.

 Thank you for the insight! I think most experienced landlords might prefer this way, and newer landlords might want to try self-manage for the sake of being in control. 

@Nathan G.

Good point to not disclose. Other posts have good reasons to have landlord make final approval. Question about what you do - how does a landlord know you're the best PM if you don't share with a landlord how you screen a tenant or how you set the rent payment?

I recommend you contact Kingsburg Insurance Agency and see what they say. They are my trusted insurance advisors for my residential properties and might be able to help you with the 5+ unit or connect you with someone if they can't help. Check your PM for their contact info! 

Hi Jason, 

Congratulations on your first deal! I'm a real estate agent in Fresno / Clovis / Sanger area and an investor also. I'd love to connect and learn more about commercial lending so I can better assist with my commercial clients!