All Forum Posts by: Alan F.

I live in Arizona and homes here are sky high, youd be lucky to get %6 interest rate, I would be a 1st time home buyer, apart from being 1099 employed would Trumps real estate plans benefit the little guys like me?

So my area has sub 6% cap rates. If I'm borrowing at 7.5%, is that value destruction (unless appreciation is really good)?

Each deal is different of course. But unless you get a value-add property, purchasing real estate really doesn't make much sense in this environment?

@Alan F.. I was going to. But I can’t stand the humidity. Really the plan was 6 months there and 6 months in Vegas. (I REALLY can’t stand state income taxes.  Especially paying MN taxes on NV tax free properties. Plus each house sitting empty for t months seems wasteful.)

But it’s hard to find a warm but not hot and humid location. I missed out on Colorado Springs and probably Reno. I assume mountain towns are my only option for cooler in the summer without humidity. 

Ps. As I’ve long said. If San Diego wasn’t in CA that’s where I’d live. Though my last visit turned me off with the traffic and prices. Maybe somewhere in Oregon or Washington away from the madness of Portland/Seattle. 

Hey @Jake Andronico

I know you specialize in Reno but since it’s close I thought I’d ask. 

I watched a Brigg’s YouTube video on best places to retire and Carson City was #2.

I was thinking more of drive up occasionally during the summer place unless Vegas gets much worse. 

Do you have an overall opinion and an opinion compared to Reno/Vegas?

-thanks. 

Quote from @Bill B.:

Hey @Jake Andronico

I know you specialize in Reno but since it’s close I thought I’d ask. 

I watched a Brigg’s YouTube video on best places to retire and Carson City was #2.

I was thinking more of drive up occasionally during the summer place unless Vegas gets much worse. 

Do you have an overall opinion and an opinion compared to Reno/Vegas?

-thanks. 

Working with a retiree couple right now in Carson City, and closing an 8 plex for a client down there in about a week. 

Great, niche market and definitely slower pace than Reno/Sparks.

But, it's very commutable, and a lot of people working in Reno (especially South Reno) actually live in Carson City because it's cheaper. 

Average age is significantly higher, and there is less to do downtown. But, a lot of people like that. Still close to Lake Tahoe and can go down to Minden/Gardnerville for an even more boutique, small town feel, or zoom up to Reno for a little bit of a higher pace. 

It's a great spot in my opinion, especially for retirees. Not a ton of young professionals except in government roles (Carson City's largest employment option), or if they want a slower pace but are still willing to commute to Reno. 

You know much more about Vegas than I do, but winters are colder here and summers are cooler as well. Not bad in my opinion, but not for everyone. Carson is actually very walkable if you're in the right neighborhoods, but definitely don't have anything comparable to the strip down there! Cute shops and a few slow paced casinos. 

Hope that helps! 

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Thought this was interesting....Trump may withhold aid due to LA's water policies.

About time. Although some people will yell that 'this is mean, of those poor people' it has to be done like this. Otherwise it would be like giving your teenage kid a new car, which he crashes, and you just buy him another one without talking about responsibilty and consequences.

 Ya man, folks out in Cali are wild and have a lot of miss placed rage. Check out this PM I got from a BP member.

I have noticed quite a few posters lately that are requesting help, opinions, prices and information on their properties where a good answer would require either the square footage, the location or both....and they provide neither. This is not the first time, but I noticed a LOT of these this past week.....

So I would request: if you're going to come on this great forum and request our help, could you please give us the SF and location of your property? 

Quote from @Alan F.:

Quote from @Bruce Woodruff:

Quote from @Alan F.:

Looks like another fire....top of the grapevine around Castaic. Winds look really high 😔

 That's not near to many properties is it?

 Pretty sparse....some nice homes in Castaic proper. The town of Gorman is up there. The wind is freaking howling. Looks like 5 is shut down, probably being used as the fire break.

 That's up by Magic Mountain, right?

Has the governor asked the president to declare a national disaster?