Current Bakersfield real estate activity
Would like to know if anyone is currently investing or has recently invested in the Bakersfield, CA market. I have done a fair amount of real estate investing in the past and looking to get back into it. I live in Ventura County and would like to stay within a couple of hours drive from where i live. Bakersfield looks interesting but not sure if this is still a viable market.
Like most markets, prices are up a lot in the past several years. And as you may suspect, deals today are not as good as they were several years ago. But unlike most areas in California, I still see people putting together deals that cashflow from day one. Solid deals are highly sought after and there is a ton of competition, so solid deals are not easy to find but I think it is still possible to put together a deal that makes sense.
Hi @John Learned I believe Bakersfield is still a viable market because just like @Gene Hacker said, you can still get cash flow from day 1. I have posted a lot on the Bakersfield area, and would recommend looking through a few of my older posts for some of the growth that is coming to this area.
Thanks for your quick response. Will be following up on this market for sure.