There is a brand new Hard Rock Hotel and Casino which will be built here in town, and there are also around 19,000 homes which are going to be be built within the next few years as well, just outside of the Bakersfield area towards the LA basin. 

First Republic, Woori, Santander, Investors all look to have done deals in the building within the past couple of years so I'd probably start there. 

Purchase price: $115,000 Cash invested: $10,000 Large duplex with large yard in improving neighborhood near new casino.

There are rumors that a casino may be go in there, but as of now the official position is that is not going to happen. 

BUT now i feel like i stumbled into a great oppurtunity. about a year ago my father sold his auto repair business and building to Wynn resorts as they built a Casino across the street. i convinved him to 1031 exchange his way into some properties (4 small multi's, almost $4mil worth) and i now help manage them. he is rather fed up with one of the the houses which is a "C" building at best. and wants to sell it to a developer.OK now the good stuff. he bought this home for 800k roughly, its about 8,000 sq/ft lot with a 2700sq/ft 3 family home on it, the house makes money but it is too problematic. he spoke to an agent who said if he gets plans and approval they'll get him 1.5mil, this seems a bit high to me but i can imagine its possible. i was going to shop the property around to developers for him until i thought, wait i've heard of syndicating deals on the podcast... why cant i do this?

That's like saying you went to the casino and won $10,000 playing BlackJack, then lost lost it and ended up negative,...but you won playing BJ. 

But ya know, since I’m in town, I’ll be hitting up the casinos as well...not that I want to or anything of course!

Recently I found one in Tacoma near a new casino being built.

Overpaid in an area that was supposed to be getting a facelift...new soccer stadium about a mile down the road, casino...subpar schools built.

This group meets in the Dolphin Plaza on Rt315 in Wilkes Barre (between the casino and the Woodlands).