Bakersfield Opportunity Construction Influx

[Adam Regos]

California is typically a hard place for cash flowing properties but due to the new light rail coming in that is currently being built from fresno to Bakersfield this looks like the trigger event that could help investors with the proper strategy. I was curious if any local boots on the ground are seeing an influx of construction workers coming to Bakersfield. I live in San Diego but have been reading up on the light rail and workers migration.

My idea is to buy 3 bed 2 bath with 2 car garages which there seems to be a good amount of them in Bakersfield for around 250k. Converting the garages in to two additional living spaces and market to the construction workers that are on contract in Bakersfield and have per diem.

I have seen some BP success stories that model this affordable housing model when there is a need like college campuses or construction trigger events.

Anyone interested in partnering on this idea?

Anyone in the area that can verify the influx of construction workers and affordable housing need?

Thanks!

[Brooke Wilson]

Route 66 does not come through Bakersfield. 

Bakersfield is a great city, with lots of shopping, housing, employment. Amazon just opened here, oil and ag, highs peed rail is supposed to come in. 

I cannot speak to an influx of construction workers, I haven't seen that myself. The rental market is tight, I can say that much. Real estate continues to be strong.