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Account Closed
  • Investor
  • Bakersfield, CA
46
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What is a good return in Bakersfield, CA?

Account Closed
  • Investor
  • Bakersfield, CA
Posted Apr 30 2015, 11:50

I hear the 2% rule tossed around, i.e. buy for $100k, rental rate should be $2k per month.  Unless I go to the parts of town I don't want to have a buy-and-hold rental in, I'm looking at more the 1% to 1.25% range from what I can see.  

Any advice on this?  I hear the Bay Area and LA/San Diego don't cashflow much.

I want to get some experience under my belt in places I know first, then branch out to other states.  Thanks for your help.

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