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Updated over 5 years ago on . Most recent reply

Real Estate in Bakersfield CA
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

@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!