All Forum Posts by: Josh Justiniano

That's just one article. Bakersfield is pretty business friendly (compared to the rest of CA) and there's a lot of diversification going on in terms of industry there in the past 10 years. There's a lot of warehousing, transporting, farming, etc.. industries there. I'm pretty bullish long-term. So long as it stays relatively cheap to live there compared to the rest of CA, and they continue to diversify their industries (which they are) I think it'll be just fine.

2% will likely not happen in CA. You can get over 1% in places like Fresno or the central valley, maybe the high desert. But 2% won't happen unless your in a ghost town.

@Account Closed Yeah it's extremely competitive out here. We're nailing a few deals a month but wow has the market changed. It's not easy getting deals. Direct mail is almost not profitable anymore.

What about you? Georgia is a pretty hot market too I hear.

@Account Closed It's pretty far from T.O. Probably 3 to 5 hour drive.

Tons of areas... Just about anywhere you go you can find something for 300k... Just depends on if it's a condo, mobile home or regular built. Bakersfield and Fresno would be good places to start for stick-built SFH. You can probably buy 2 SFH in decent areas with 300k in Bakersfield or Fresno.

Hello. Investor from Thousand Oaks. I have done some work in Oxnard as well. Welcome.

Also, where is this located? In Bakersfield it's pretty hard to get 750 for a studio unless maybe you're in a really good neighborhood.

I'm not saying don't do it, just be aware of that. Also, if you're in a bad area in Bakersfield expect break ins on vacant units, esp. a triplex that's not gated.

If you're buying a triplex or small multifamily you'd likely want to stay away from studios. Try to get 2 or 3 beds. They stay longer and your turnover costs are less. 

Once you get into 1 beds and studios you get higher turnover, vacancy etc.. so you have to account for that. If you're buying a large multifamily it's easier to make up for the vacancy in the studios, but on a triplex that will really affect your cash flow.