Investment Property Fresno
If you’re a real estate investor in the greater Fresno area I offer a unique opportunity to find rehab or rental property. Using my 20 years of experience in advertising, SEO marketing strategies, my For Sale By Owner Assistance Program and my Estate Sale Fresno business, I have the ability to find willing sellers early in the selling process.
In addition, I also help new real estate investors navigate the real estate investment market. I can work with you on CAP Rate Analysis, rental comparisons, and general market information to help you have a better understanding of what type of real estate investor you want to be.
Low home inventory and a very competitive real estate investment market can make finding investment property a challenge. If you need help to find investment property contact me.
Most Common New Investor Questions
Eric McCormick has worked with many experienced and new real estate investors and this is a list of some of the most common questions.
Do you have a CAP rate goal?
A CAP Rate, or Capitalization Rate, is a key real estate metric used to assess and compare investment opportunities. It’s calculated by dividing the property’s net operating income (NOI) by its current market value, expressed as a percentage. Establishing a clear CAP rate goal helps guide your investment decisions.
Do you know the historical CAP rate average?
After setting your CAP rate goal, it’s crucial to understand how it compares to historical and current market averages. Knowing this helps you determine if your offer is competitive and aligned with market trends.
How do you make an offer based on CAP rate goals?
When making an offer on an investment property, many buyers submit their offer “subject to inspection.” This means the offer is initially based on a review of the property’s financials and its potential CAP rate, pending a thorough inspection.
How can you increase a property’s CAP rate?
Increasing a property’s CAP rate can be achieved by boosting income or reducing expenses. This may involve raising rents, improving occupancy rates, or cutting operating costs, all of which enhance profitability.
What type of landlord do you want to be?
It’s essential to decide what kind of landlord you want to be. Will you offer affordable housing or cater to higher-end tenants? Do you prefer hands-on management, or would you rather hire a property management company? These decisions will shape your investment strategy.
Why are you investing in real estate?
Clarifying your motivation for investing is key. Are you seeking passive income, planning for retirement, assisting your adult children, or building generational wealth? Your “why” will influence the type of properties and investments you pursue.
Do you know the cost of construction, and do you have contractors?
Understanding construction costs and having reliable contractors is crucial for any renovation or rehab project. When I’m not at my desk or visiting properties, I’m often sourcing materials and building relationships with skilled laborers to help streamline your projects.