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Updated over 5 years ago on . Most recent reply

User Stats

8
Posts
2
Votes
John Lawson
  • Rental Property Investor
  • Santa Maria, CA
2
Votes |
8
Posts

Real Estate in Bakersfield CA

John Lawson
  • Rental Property Investor
  • Santa Maria, CA
Posted

I am interested in the real estate market in Bakersfield CA.

I am a newbie, and looking to purchase my first property within the next year. I am interested in buying either a single family residence or a 2-4 unit multi-unit property. I may also be relocating to the area and if so will be looking at house hacking as well.

I currently live about 2 hours away in Santa Maria, CA.

How is the Bakersfield market in general? Which areas of the city should be avoided and which areas offer good investment opportunities?

Also I am interested in connecting with agents and lenders in the area and if there are any local meetups?

Any feedback is greatly appreciated.

How

Most Popular Reply

User Stats

70
Posts
38
Votes
Amber Smith
  • Investor
  • Bakersfield, CA
38
Votes |
70
Posts
Amber Smith
  • Investor
  • Bakersfield, CA
Replied

@John Lawson I have to respectfully disagree slightly with a couple of the negative responses on Bakersfield as a city to invest. I’m and investor and realtor & I currently own 2 multi family rentals which I manage myself & I have flipped several houses & you CAN still make money here. 
Cash flow on rentals tend to be higher on 3-4 units vs a smaller duplex or even a single family rental. As far as areas, there are some I would 100% avoid, especially if you’re house hacking haha. 
I work almost solely with investors, since that’s how I got into real estate, and I am constantly searching for & evaluating rental properties for clients. Let me know if you need any tips or help along the way! 

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