All Forum Posts by: Gene Hacker

Quote from @Dan H.:

Quote from @Gene Hacker:

I am not sure if it will pass but California is trying to pass a 15% STR tax. https://leginfo.legislature.ca...

All in state STRs would rise together but it could push up the price to the point where out-of-state options and hotels are a better deal for consumers.  

It was already announced that this proposal is dead for this year.  They can reintroduce it or something similar again in the future.  

 I cannot find anything online about the proposal being announced as dead. Can you share a link?

I am not sure if it will pass but California is trying to pass a 15% STR tax. https://leginfo.legislature.ca...

All in state STRs would rise together but it could push up the price to the point where out-of-state options and hotels are a better deal for consumers.  

Quote from @Rochelle Retuta:

Hi, I unfortunately missed the last meet up. Will there be another one next month?

 The meetups are on the Third Thursday of each month. Send me a message and I can send you a link to get notifications of each upcoming meetup. 

Bakersfield is not as glamorous as many areas in California but I personally think it is a good choice for cashflow and fundamentally solid growth. It is a growing city and it is affordable. There is a lot of information online in terms of growth, demographics, etc.

The less expensive areas tend to have pretty old houses and there tends to be a trend of deferred maintenance.

I highly recommend spending a day or two driving around and taking notes on different neighborhoods and areas. Bakersfield is small enough that you can get "the lay of the land" in a day or two.

You can also use google street view to "tour" the streets around specific subject properties.

There is no one Bakersfield neighborhood that is so much better for investing than all the rest. Each will have advantages and disadvantages and the variables are generally priced in. If you are looking to be very hands-on and don't mind a bit more work, then the class c areas with a better price/rent ratio may be better. If you are looking for a more passive investment, then a more desirable class B/B+ area could be a better choice. There are people that make money in Oildale and the rough areas of East Bakersfield, but turnover costs can be very high. Some investors prefer solid class B areas where it is easier to find better tenants but where the rent/price ratio is not as good. 

@Shawn Hissong is going to be helping out with intros and hosting this month's meeting. 

Your net worth is directly proportionate to your network!

Our group is all about networking with others. If you have an interest in real estate investing, flipping, wholesaling, buy & hold rentals, building wealth, loaning your own money, partnering with others, AirBnB, short-term rentals, or just want to learn from other locals, this group is for you!

Rusty's Pizza (Laurelglen location - corner of Ming and Ashe)

6675 Ming Ave, Bakersfield, CA 93309

The meeting room is a separate entrance to the left of the main entrance.

We openly welcome everyone and encourage everyone from newbies to seasoned pros to attend our meetings!

Bring a friend and pass this invitation along to anyone that could benefit from networking with others about real estate investing.

Our meetings are always free. There are no speakers selling expensive training or pushing products.

Quote from @Alfonso Vasquez:

Quote from @Gene Hacker:

Your net worth is directly proportionate to your network!

Our group is all about networking with others. If you have an interest in real estate investing, flipping, wholesaling, buy & hold rentals, building wealth, loaning your own money, partnering with others, AirBnB, short-term rentals, or just want to learn from other locals, this group is for you!

Rusty's Pizza (Laurelglen location - corner of Ming and Ashe)

6675 Ming Ave, Bakersfield, CA 93309

The meeting room is a separate entrance to the left of the main entrance.

We openly welcome everyone and encourage everyone from newbies to seasoned pros to attend our meetings!

Bring a friend and pass this invitation along to anyone that could benefit from networking with others about real estate investing.

Our meetings are always free. There are no speakers selling expensive training or pushing products.

 Will you be setting up another meet up? 

Yes, the meetings are on the 3rd Thursday of each month. Feel free to message me and I can send you a link to the meetup page where you can sign up to get notifications.



Yes, the meetings are on the 3rd Thursday of each month. Feel free to message me and I can send you a link to the meetup page where you can sign up to get notifications.

Quote from @Alex Castaneda:

Do you know when the next meet will be?

 Yes, the meetings are on the 3rd Thursday of each month.  Feel free to message me and I can send you a link to the meetup page where you can sign up to get notifications.  

Your net worth is directly proportionate to your network!

Our group is all about networking with others. If you have an interest in real estate investing, flipping, wholesaling, buy & hold rentals, building wealth, loaning your own money, partnering with others, AirBnB, short-term rentals, or just want to learn from other locals, this group is for you!

Rusty's Pizza (Laurelglen location - corner of Ming and Ashe)

6675 Ming Ave, Bakersfield, CA 93309

The meeting room is a separate entrance to the left of the main entrance.

We openly welcome everyone and encourage everyone from newbies to seasoned pros to attend our meetings!

Bring a friend and pass this invitation along to anyone that could benefit from networking with others about real estate investing.

Our meetings are always free. There are no speakers selling expensive training or pushing products.

Quote from @Shandy Victory:

I was planning on investing anywhere in California. Do you know if the market in Bakersfield would be a good investment?

 Bakersfield is in Kern County, which is one of the few counties in California with a growing population. Bakersfield is not very sexy but it can be a good market if you find the right deal.