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Bakersfield Real Estate Forum
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Updated almost 3 years ago on . Most recent reply

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59
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19
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Roberto Moita
  • Investor
  • Templeton, CA
19
Votes |
59
Posts

Anyone investing in Bakersfield, CA

Roberto Moita
  • Investor
  • Templeton, CA
Posted
Hello, I am interested in investing in Bakersfield CA. Anyone experience with that market?

Most Popular Reply

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378
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305
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Max Gradowitz
  • Bakersfield, CA
305
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378
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Max Gradowitz
  • Bakersfield, CA
Replied

From my experience working with investors that buy investments in Bakersfield, flips are getting harder to come by but the rental property market is still going strong.  When I find a good flip deal, even if it's an "off market" one, I'll inform my flipper investors about it and if they wait a day to respond, the property will be sold to someone else already.  Flips are quick easy money if you do everything correctly, so it's very enticing and therefore there is a LOT of competition from local and out-of-town investors.  With rental properties, there is a lot more involved with the math and proforma analysis and the supply of those properties is much higher than flips, so if you are looking for buy and hold rental properties, Bakersfield is a great market for that.  Just make sure you do your due diligence and be as conservative as possible with your expense calculations/estimations.  

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