All Forum Posts by: Sanjeev Advani

@Lakshmi Pramod Gutha glad you are looking at properties in Bakersfield. What type of property are you looking for? 

Kevin Given I was just listening the the newest episode of the BP Podcast about the people in their 30’s and one of the comments that was made is that those people had learned how to purchase property in any type of market. Now, I cant say I completely agree with that philosophy, but they are definitely doing well and they definitely have a point in that waiting to invest is probably worse than investing at the current time. Warren Buffett has said the Power of Compounding is one of the strongest benefits of investing. That being said, I feel Bakersfield would be a great place for you to invest, and if you have some free time please feel free to look through my previous posts to give you my version of what I think will happen in Bakersfield in the future. Just yesterday I found a cash flowing triplex that brought back around a 7%+ cap rate after expenses. These properties still exist but I think you just need the team to be able to help you out like you were saying. If you have any questions or would like to chat further please feel free to PM me as well! Best, Sunny

Evert Jafet Calderon I’m glad to see that you are looking into the Bakersfield market! If you have some free time feel free to look through my previous posts to provide you with some information on where I think Bakersfield will be going in the future. As far as wholesaling is concerned, if you find any good wholesalers or any good deals, please let me know as I am in the market as well right now. If you have any further questions I would love to help! Feel free to ask, or PM me and we can chat directly. Gene Hacker is right that our meetings are very good and helpful for learning and growing! Would love to see you at one! Best, Sunny

Hi Aakash Patel Glad to see that you are looking to Bakersfield for investing. If you have some free time it might help give you some perspective if you look at my previous posts on Bakersfield. That would give you a good idea of what I think is going to happen. That being said, what are you looking for exactly? What would you like your portfolio to look like? What does your current portfolio look like? I would love to chat further and help you with any questions you may have. Feel free to PM me if you like! Best, Sunny

@Roxie Kim was there room in the deal for repairs to be made and still return well? 

@Kevin Moules welcome to BP!  Glad you started looking into things here because it is a great community!  

I think the question you are asking actually gets asked quite a bit, and the general consensus seems to be that OOS investing is the way to go.  But here are a few things I would like to pose to you before you take that idea further:

- When investing in a market the best things I have found to look at are growth factors.  Will the city you are investing in grow over the long term, and will it provide its residents with an improving quality of life, while increasing jobs, rents, and prices?  

These questions I cannot answer for you in most other places, but I do know that investing out of state  has its pitfalls in that there is most likely not the appreciation that we would have here in CA, and the area in which you would invest to get that 15% cash on cash return isn't any better than the area in CA that you could invest and get the same return.  

That being said, I would definitely check into Bakersfield because it is closer to you, so if there is any reason that you would need to see the property or be on the premises it would be much easier and cheaper.  Properties here in Bakersfield are still cash flowing, and you can still buy good quality assets that cash flow as well.  The problem is the competition is increasing, but I think that is true of most markets now.  

Also, Bakersfield has increased value year over year, and currently is diversifying its careers paths from oil and ag to transportation and logistics as well as our staples.  Kern County is home to one of the biggest solar energy projects in the States right now as well.  Developments are coming to town over the next 5-10 years that could potentially increase the population of Bakersfield itself up to 3-fold, and some numbers show that within 15-20 years Bakersfield should surpass the size of Fresno, including both cities growth rates.  

Hope this was some help, and if you would like to chat further please feel free to PM me as well. 

Thanks

Sunny

@Marco Villa glad that you are starting your investing journey here in Bakersfield!  Let me know if I can be of help.  We have a investor meeting tonight at Rustys on Ming if you can make it.  @Gene Hacker can get you more information if you can make it

Hi Aditya Chaudhary I would recommend Bakersfield. You can review my previous posts on the subject where I have laid out Bakersfield versus other similar markets. I hope it helps. If you would like to chat more as well, feel free to PM me! Best of luck!

Vincent Rodriguez i know of a good company. PM me and I can get you some info.

Vincent Rodriguez what type of property is your complex? Any work needed? Any Section 8?