All Forum Posts by: Rich A.

@James Grasty Ok then sounds good, just sent over a DM. TIA!

@Gene Hacker I believe that's the move I'll have to make.  An experienced GC who can make this happen.

@James Grasty That seems like a very fair price.  I would be very grateful if you could provide your builder contacts.  There is a triplex being built a few blocks away from where I would like to build, that'd be a coincidence if it was yours lol.

I'm currently looking to build on a existing lot that is zoned R2 for multifamily.  I already have a duplex on the lot, but have plenty of room to add another unit.  The problem is that I am new to the construction process.  Does anyone have any information on the building process?  Do I have to apply for permits first?  Is there a current price per square foot for new builds in Kern County?  TIA for all of your help.  

@Jeff Petsche I saw in your post that you mentioned Seller Cycle I and II as well as Buyer Cycle I and II.  I'm interested in reading up on these cycles.  Do you have any book recommendations on this subject?

@Brandon Turner Thank you for that.  I get into the zone when I'm listening to the podcasts and the "Random 5" threw me off.  Hope I didn't sound too harsh.  Keep up the good podcast work!

How do you all like the new "Random 5" segment on the BiggerPockets podcast?  Personally, I did not mind it when they played it at the end of the podcast.  In the current format, where they insert it into the middle of the podcast, I find it a bit of a hassle.  I have to press the skip button like 30 times to make it through quickly.  Don't mean to sound like a hater, and I love the BiggerPocket podcasts.  It's just that I listen to learn about investments, not to find out what someone's favorite color is.  Who knows, perhaps I'm the only one that feels this way.  Let me know!

^ @Jerome Leigh Goddard Jr.

Great that you're starting so young.  I'm also a Bakersfield, CA resident.  I recommend you read the classic book, Rich Dad Poor Dad by Robert Kiyosaki. It's a nice starter book that'll let you get an idea of how the process works. Set yourself a goal. Attempt to save at least 10% of what you make and begin looking at the price of real estate in your area. I firmly believe the best way to start out is house hacking. A multi family unit you can live in is your best bet to start. With an FHA loan you can move into a house with as little as 3.5% down payment. Hope I gave you some ideas. If you need anymore help don't hesitate to ask.

@Gene Hacker Thanks for your advice!  I think I saw in a different post that you mentioned a certain appraiser that released a newsletter or a market assessment for the Bakersfield area?  Could you clarify what that was?

@Jonathan Guerrero Yeah I just started listening to all of the podcasts, great stuff.

Hey just a new member already excited by all that BP has to offer. 

I'm from the great city of Bakersfield, CA and find it a great place to live!! Sometimes.  I currently work in a lab, go to school pt and look for deals as a hobby.  An exciting hobby.  I started investing with a duplex, house hacked, and then had to move back in with my parents.  The shame!  But I love the cash flow.  I love buy and hold rentals and am particularly intrigued by deals in C-D neighborhoods.  I feel like that's not very common thing on the BP site?

Also, I live near the small town of Shafter, CA and am wondering whether anyone is active there.  I think the central valley of California is great place for cash flow investments.  Am I wrong?  Still very green at all of this investing so I enjoy any tips, recommendations or constructive criticisms. Ciao!