Bakersfield ca. Newbie investor

[Val C.]

hi bp community, i am a newbie in los Angeles looking to do my first deal this year. Ive been looking into Bakersfield ca. Anybody out there invest in Bakersfield that can give me any tips ; what do SFR rent for out there? Whats a good area to invest and upcoming? Any good proerty management out there? Good plumbers, contractors,

handy man,Realtor.? Ect...... Very much appreciate your help thank you

[Sanjeev Advani]

@Joseph M. the Bakersfield flip market seems to be pretty competitive right now, and I am seeing a lot of investors from LA area and Bay Area coming in and trying to earn returns which are just not possible in their hometown areas. 

That is not to say that flips aren't still possible here in Bakersfield.  I have been coming across about 2 off market properties a week lately, and you can see that people are starting to buy at higher levels, which is cutting the returns down, so in response to that I have been seeing investors start taking lower returns but focusing more on volume.  

I.E. instead of focusing on making 20-30%/flip and having one or two flips going, investors are now starting to focus on earning 10-15% return/flip and having 5-6 flips going at a time. 

The biggest problem I am seeing (besides having to almost literally do double the flips to make the same money) is the competition to attain the flip, which is almost double the cost as it used to be.  

All of that being said: There are still good flips with good margins left, there are still good flips with okay margins left, and I think there is a niche in the market which many people are trying to exploit but I haven't seen done very well to this point.  

It's all about analysis and finding the profitable areas in the market. 

Hope this helps!  Feel free to PM me if you want to chat further!