All Forum Posts by: Julia Fergo

Hi Gene, You are right, I did run the numbers and at the end I didn't buy the duplex. I liked the Bakersfield for its relatively close location from LA, but the sale prices went up and rents didn't, at least not at the same proportion At the same time it looks that average income in Bakersfield doesn't have much potential to grow thus I am hesitant about investing in this area. If you know otherwise please share with me. I am curios about Lake Isabella as well

@Brad B. haha...This one actually is a pocket listing....:) but i think today market sellers are not stupid and want to sell market price...well...I will do some more research to compare...Thanks!

@Manolo D. thank you.

@Josh Justiniano what do you have...:)?

@Brad B. what area is that? Is it a secret?...;)

I am reposting this as may be i'll have even more feedback here, specific for Bakersfield, as i posted it before on the general forum.

Hello,

I live in LA and have an accepted offer in Bakersfield to buy a duplex. Both units 2/1 (2'tandem' bedrooms, one of them is very small, like a sun-room). Currently rented for 750 each unit.Price of the duplex is 185K. It is in a older area, house build in 1925 and has a charming fire place and retro feel to it.

- Does this deal 185K/1500 monthly +plus guest house sounds as a good deal for Bakersfield?

- what could be a better alternative? 

- I can either buy cash or finance: how i can find the best deals?

Hi Josh, you sound like you have an idea of a better deals. Could you give me an example? What neighborhoods and what prices? Is that in Bakersfield or you have other cities in mind?

Hi Brad, thank you. I seen the tenants they are actually are nice. I am curious though what could be a better deal in Bakersfield in a decent neighborhoods? House prices are about 150-200  and more and they rent appx 1000-1300 (3/2). There are multi-family properties that are better cash return, but they are in a 'sketchy' neighborhoods... What is the alternative for your opinion? What I can get if i pay cash for example?

Thanks Brad and Josh. Josh, thank you for the management fee info. What is your opinion regarding the year build(1925?) The  size is over 2000sq ft. 

Brad, the garage is not permitted. What could be the downside of using a not permitted garage for rent?

In general I would like your guys input on what  is the better alternative in Bakersfield? I am in LA and this city at least in some reasonable distance to compare to out of state investments. What neighborhoods have best deals in Bakersfield avoiding a risk of having a tenant who will trash the property  and cause problems?

Hi Josh, thank you for the reply. It is in Alta vista neighborhood. I am trying to stay away from a 'rough' areas... This duplex is occupied by two ladies and I though I can even do 'managing' by myself. Truthfully would need and advise of what managing costs i should expect. 

Hello,

I am new here and it would be very helpful to hear your feedback. I live in LA and have an accepted offer in Bakersfield to buy a duplex. Both units 2/1 (2'tandem' bedrooms, one of them is very small, like a sun-room). Currently rented for 750 each unit.Price of the duplex is 185K. It is in a older area, house build in 1925 and has a charming fire place and retro feel to it. There is a garage with kitchen and appliances aka 'guest house' potential rental as a studio , currently is not rented but potentially could be for 450-500 with some tiling and flooring fix.The electrical of the garage is tied to one of the unit.

Need advise in following:

- How would you approach the possibility of renting the garage: owner pays bill for both and rise the monthly rent? (or rent it out to a potential tenants as together deal 2 + separate 1 and tenants pay the bill? Is it even realistic?

- Will the fact that the building is 1925 is a negative in appreciation or it won't matter in a 'charming' older area?

- Does this deal 185K/1500 monthly +plus guest house sounds as a good de

Hello,

I am new here and it would be very helpful to hear your feedback. I live in LA and have an accepted offer in Bakersfield to buy a duplex. Both units 2/1 (2'tandem' bedrooms, one of them is very small, like a sun-room). Currently rented for 750 each unit.Price of the duplex is 185K. It is  in a older  area, house build in 1925 and has a charming fire place and retro feel to it. There is a garage with kitchen and appliances aka 'guest house' potential rental as a studio , currently is not rented but potentially could be for 450-500 with some tiling and flooring fix.The electrical of the garage is tied to one of the unit.

Need advise in following:

- How would you approach the possibility of renting the garage: owner pays bill for both and rise the monthly rent? (or rent it out to a potential tenants as together deal 2 + separate 1 and tenants pay the bill? Is it even realistic?

- Will the fact that the building is 1925 is a negative in appreciation or it won't matter in a 'charming' older area?

- Does this deal 185K/1500 monthly +plus guest house sounds as a good deal?