Welcome Back,

Hello everyone, and welcome back! I hope your week went extremely well and are ready for a fun and exciting weekend. Today we will be diving into another real estate market in the golden state of California. We will also dive into some of the most recent updates in the business finance world. Enjoy!

— Ryan Rincon

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Daily News Updates:

Escalating U.S.-China Trade War Intensifies Market Volatility

The U.S.-China trade conflict has escalated further, with China increasing tariffs on U.S. goods to 125% following the U.S.'s hike to 145% on Chinese imports. This tit-for-tat has led to significant market volatility, with the Dow Jones Industrial Average dropping over 2,200 points, marking one of its steepest declines. Sectors heavily reliant on Chinese manufacturing, such as technology and steel, are experiencing pronounced impacts.

JPMorgan Chase Reports Robust Q1 Profits Amid Trade Uncertainty

JPMorgan Chase announced a 9% increase in first-quarter profits, totaling $14.6 billion, surpassing Wall Street expectations. Earnings per share reached $5.07, with revenue at $46 billion. Despite these strong figures, CEO Jamie Dimon expressed concerns about "considerable turbulence" due to escalating trade tensions and their potential economic ramifications.

Gold Prices Surge as Investors Seek Safe Havens

Amid market instability, gold futures have surpassed $3,200, reflecting a shift towards safe-haven assets. This surge indicates growing investor apprehension regarding the economic outlook and the potential for prolonged trade disputes. ​

Small-Business CEO Confidence Declines Sharply

A recent survey indicates a historic 22.1-point drop in small-business CEO confidence, reversing gains seen after President Trump's reelection. This decline is attributed to uncertainties stemming from erratic tariff policies and their impact on business planning and investment. ​

U.S. Dollar Weakens Amid Trade War Concerns

The U.S. dollar has fallen to a three-year low against other major currencies. This depreciation is linked to investor concerns over the escalating trade war and its potential to hamper economic growth.

Wholesale Inflation Unexpectedly Declines

The latest data reveals an unexpected drop in wholesale inflation, primarily due to a slump in energy prices. This decline offers a nuanced perspective on the current economic landscape, suggesting that certain sectors may experience price relief despite broader inflationary pressures.

Upcoming NEA Entrepreneur Summit Focuses on Scalability

The National Entrepreneurs Association (NEA) is set to host its Entrepreneur Summit on April 11, emphasizing strategies for business scalability. The event aims to provide entrepreneurs with insights and tools to navigate growth challenges in the current economic climate.

Real Estate Investing

Market Snapshot:

The Bakersfield real estate market has experienced steady growth. As of early 2025, the median home price reached $391,022, reflecting a 4.2% year-over-year increase. Homes typically go pending in approximately 22 days, indicating a brisk market pace.

Despite this growth, Bakersfield remains more affordable compared to other California cities, making it attractive for both first-time buyers and investors.

However, the rising home prices and relatively high unemployment rate of 9.3% as of February 2025 may present challenges for some buyers.

Deal Of The Day:

14-Unit Multifamily Property

• Price: $1,740,000​

• Units: 14​

• Price per Unit: $124,286​​

This 14-unit multifamily property offers a compelling investment opportunity with a price per unit of $124,286. Located in a desirable area, the property is positioned to attract tenants seeking quality housing.

Given the current market dynamics, this investment could yield favorable returns for those looking to expand their real estate portfolio in Bakersfield. Total rental income is $15,400 per month across the 14 units at $1,100 per month per unit.

Deal Rating: 7.6/10

Investment Strategy:

Wraparound Mortgage

A wraparound mortgage is a form of seller financing where the seller's existing mortgage is combined with additional financing provided by the seller to the buyer. In this arrangement, the buyer makes monthly payments to the seller, who continues to pay the original mortgage.

This strategy can benefit buyers who may not qualify for traditional financing and allows sellers to potentially earn a higher interest rate. For example, if a seller has an existing mortgage at 4% interest and offers a wraparound mortgage to the buyer at 6%, the seller profits from the 2% difference.

Current Interest Rates:

Bakersfield, California

• 30-Year Fixed Residential: 6.8%​

• 15-Year Fixed Residential: 6.4%​

• Commercial Rates: Starting at 6.5%​

These rates have seen a slight uptick compared to previous months, potentially impacting affordability for new buyers and influencing investment strategies.

Real Estate Tip:

Leveraging Seller Financing in Today's Market

In the current economic climate, traditional financing options may be less accessible for some buyers due to stringent lending criteria and higher interest rates. Seller financing emerges as a viable alternative, enabling buyers and sellers to negotiate terms directly. This approach can expedite transactions and provide flexible solutions tailored to individual circumstances. For instance, a buyer unable to secure a conventional loan might agree to a seller-financed deal with a 10% down payment and a negotiated interest rate, facilitating homeownership while offering the seller a steady income stream.

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Economic Conditions

As of February 2025, Bakersfield's unemployment rate stands at 9.3%, an increase from 9.0% in January. This elevated unemployment rate may affect housing demand and rental markets, as economic challenges can influence individuals' housing decisions and affordability

Market Rating: 8.3/10

Key Takeaways:

• Market Update: Bakersfield's median home price is $391,022, up 4.2% YoY. ​

• Deal of the Day: 14-unit multifamily property priced at $1,740,000, offering potential investment returns.

• Networking Importance: Building a reliable network enhances investment opportunities and management efficiency.​

• Wraparound Mortgage: This seller financing strategy can benefit both buyers and sellers through negotiated terms.​

• Interest Rates: Residential rates are around 6.8%, influencing buyer affordability.​

• Economic Impact: A 9.3% unemployment rate may affect housing demand in Bakersfield.

That’s All For Today

I hope you enjoyed today’s issue. If you have any questions regarding today’s issue or future issues feel free to ask. Come back tomorrow for information on how to grow your income and wealth. I hope to see you.

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Disclaimer: This newsletter is for informational and educational purposes only and reflects the opinions of its editors and contributors. The content provided, including but not limited to real estate tips, stock market insights, business marketing strategies, and startup advice, is shared for general guidance and does not constitute financial, investment, real estate, legal, or business advice. We do not guarantee the accuracy, completeness, or reliability of any information provided. Past performance is not indicative of future results. All investment, real estate, and business decisions involve inherent risks, and readers are encouraged to perform their own due diligence and consult with qualified professionals before taking any action. This newsletter does not establish a fiduciary, advisory, or professional relationship between the publishers and readers.