All Forum Posts by: Roberto Moita

I have worked the Bakersfield market for the past 12 years. Oildale is a hit and miss area. Overall, Oildale have a bad reputation and as far as finding good tenants will be a challenge. Most locals tried to avoid the Oildale area. However, Bakersfield is a great city to invest. There are other areas you can safely invest and get great tenants. If you want to chat just message me or call me. 

@Rafael Davis I’m not sure in Chicago, but in California all offers shall be presented to the seller. You may want to contact your local board of realtors and ask.

Thanks for the information! I’m looking into converting all my assets into multi-family. In California, I will not be able to purchase much, however, if I take my money out of state I will have better buying power. The question is; which state? 

I have owned (2) single family residence and (1) commercial building for several years. The commercial property is paid off and the SFRs have low mortgage balances.

I have positive income on all the units. I’m have been considering selling all three and investing in multi-units (5-20) units, using 1031 exchange. However, I’m not too familiars with multi family property. Is it a good move? Thanks in advance for your input!

@Frank Patalano

I agree! Always buy another. There are always so many options available for investors there’s no reason not to buy another.

I currently live in California and will take years before saving enough money to invest in real estate. I’m considering investing in other states. Housing prices are much more investor friendly than California. But the question is...which state?? I’m not familiar with other states as much. So if you guys could give me some ideas or suggestions, it would be greatly appreciated. Thanks in advance for your assistance!

@Samantha Miller Wow! I’ve in real estate busIness for years and this is the first I heard a lender not allowing you to rent rooms. Don’t break the rules. Maybe you should consider finding another lender. Good luck!

I am searching for a software to view all my properties( income, losses, expenses, cap rate, etc) under one roof. I am currently using spreadsheets, but I am searching for something easier. Any suggestions? I found several online, but would like to hear from other investors what is the best option out there. 

I current serve the Bakersfield area. It is a great choice to find the right property generating positive income. You can PM me and I will give the inside on the city.

Thanks for the advise! I am not too sure about getting myself into multi units (5 - 20 units). I understand anything over 6 units in California requires an on site property manager. I may just leave things be and keep acquitting single family residences.