All Forum Posts by: Jonathan Guerrero

Hey Roger! I am a local realtor and I'd be more than happy to help find your next investment.  Both sides of town are excellent and great choices.  Both have great schools.  The SW has Stockdale High School which is arguably the best in the city and the NW has Centennial and Liberty High School which are not far behind.  Homes are pricier but you will attract better tenants.  The SW is where everyone prefers because it is well established.  The SW and NW are a growing community with New Construction going on so demand for both sides of town is high but with a preference towards the SW.  Values will increase because demand is higher in that area. You will not go wrong with either side of town. There are more factors that play an important role and I'd love to help you out.  Send me a message or a call! 

Hey Harjot! Welcome to the world of real estate.  I am a local realtor and I'd be more than happy to help you find your properties.  Let's connect and exchange info and lets get this going for you! 

Hey David good afternoon, I am agent here in Bakersfield and I work with a team of Realtors.  We have extensive experience working with investors so please don't hesitate to message me and we can exchange contact info.  I'd be more than happy to work with you.  

Lots of good information here. There's many ways you can invest and it can be overwhelming. 

It sounds like you enjoy fixing and building things so you would really enjoy rehabbing. The key here is to have a good team to manage your project since you will be at work.   @Josh Justiniano made a good point, you should look into investing full-time and build a good business when you can.

I'd reccomend reading Rich Dad Poor Dad if you haven't already.  It will change the way you view everything.  And definitely don't get discouraged and buy a boat or a new car.  There's successful people in this business and there's a lot of money to be made. 

Welcome to BP man.  I live in Bakersfield as well and before you spend any money try and learn as much as you can about this business. Listen to the podcasts and read the blogs.  

That 30k can be used in many ways but my best bet is to partner with someone who is in the business and is experienced.  30k is enough for a down payment or to rehab a property.  So partnering up is a good idea. Define your niche and go for it.  

You can also try and find the deal yourself by marketing to distressed owners. It'll take time but there's deals out there to be made. But that's a whole different topic.

There's so much to learn and do feel free to message me.  

@Bill Baldwin Welcome to BP man!  You'll love it here.  So many helpful and experienced people here.  I live in Bakersfield and I'm currently wholesaling to build some capital.  Bakersfield is a great city.  I'm also curious to know why you chose to invest here.  Let me know if I can be of any help to you.  

Hey man welcome to BP.  You will learn a lot here.  Listen to podcasts 12, 37, 77, 81. They're all about wholesaling, marketing, and negotiation.  Michael Quarrels and I are also  from Bakersfield so shoot me a PM.

I've talked several prospects about selling me their property and they never tell me what they want upfront.  I know they have a certain number in mind and I let them know that, however they never give in.  I tell them that I will give them my offer and when I do they're shocked it's so low.  Some sellers are in the ballpark and I have done a good job at negotiating there. 

Now I don't know if this is hindering my chances of getting a deal under contract.  Are the chances of getting a deal higher if you meet in person, walk the property and negotiate or does it not matter?

 Thanks for responding.  1-3% quality calls is not bad as long as I can put one under contract.  But the more calls I get the better.  

I'm wondering what the response rate for professional typed letters are.  Anyone have some numbers? I will be doing a test of typed and yellow letters and I want an idea of what to expect. 

 Also, do you seal the envelope or just tuck in the flap? Does it matter?