Looking for a real estate broker in Bakersfield

Walnut Creek, CA · Member since 2018 · 2 posts · 1 vote

I am an investor from Bay Area looking to buy a SFH in Bakerfield area.

What does the market look like there right now and is it possible to be cash flow positive over there?

I am also looking to work with a local agent there who can help me close and manage the property. So any referrals are welcome.

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Sanjeev Advani
Investor · Bakersfield, CA · Member since 2015 · 483 posts · 234 votes
4y
@Shravan Majithia great place to start looking here at BP! There is an awesome community here.
Regarding Bakersfield, I do think the market is good and stable at this point. There is a lot of growth and development in the residential sector but there is also a huge amount of growth in the industrial sector as well. That is now one of our largest growing sectors. I would say that Bakersfield is the market to get into in CA because of the location we are just a few hours from about 90% of total CA population. Land is still cheaper here than other parts of CA ( I.e. rising tide raises all ships type of philosophy). And rents are still much lower than almost everywhere else in CA of a similar caliber. Rents here have gone up double digits recently and we are still undervalued compared to the remaining market. I wouldn’t say that we would ever compete with the large markets but even in the secondary markets we are still lower. Plus, to answer your question, yes it is still possible to find good positive cash flow property to invest in.
If you would like to chat further please feel free to PM me. I’m happy to help with whatever you need.
Best of luck
Sunny
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Brendan WinansBusiness Member
Real Estate Agent / Investor · Bakersfield, CA · Member since 2015 · 47 posts · 25 votes
4y
@Shravan Majithia, it's definitely possible to cashflow, and I'd love the opportunity to talk more about it. Please feel free to connect. I can, without a doubt, help you with everything you mentioned. Have a great rest of your weekend.
Be well,
Brendan
Winans & Associates4.714 Reviews
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