All Forum Posts by: Bradley Buxton

@Edison Chadwick

There will be cash flowing deals you will have to deploy more capital to see cash flow. NV is a good state to invest because of the landlord friendly laws and low property taxes. In the Reno, NV area there are still cash flowing deals.  It's a more expensive entry than the Vegas area but will likely not appreciate as fast. 

@Ehud Hochman

Check out the Reno, NV market. Reno is a strong appreciation market. It's the closest city out of CA and the closest to Silicon Valley. There is a lot of tech and manufacturing growth to complement the hospitality and medical industry here. Surrounded by mountains in a valley that naturally constricts growth there will continue to be a shortage of housing. This will continue to drive appreciation and rent prices up. Nevada has the 4th lowest property taxes that do not assess on the sale of the property, very different than CA. It's also a landlord-friendly state making evictions if necessary easier.  Reno is less expensive to enter the market than CA and more expensive than other midwest or other sprawling metros. 

@Jason Sinclair

What do other homes in the neighborhood have that you would be selling or renting competition?  Would the value of the remodel increase the rents or the selling price that would out weight the cost? 

@Sumitro Samaddar

There are other rent aggregators in the market like Rent Cast or BP confirm with those. You can also call property managers in the area. As others have said you can tie up a deal and then confirm the rents. If it's an MLS listed property the seller agent would be able to get the rents.

@Cyndi Lees

Welcome to BP!  I'm a former SLO CA resident now in Tahoe Reno Nevada area. You can make numbers work in the area you will need more capital and a good strategy. 

@Sharad Reddy

I used to live in Davis and the area has had strong appreciation and consistent demand with the university and primary schools.  I'm in the Reno Tahoe, NV area now. Just a few hours from Sacramento. Lower property taxes and landlord friendly. 

@Mark Graham II

There are multiple structures for seller finance deals.  Most are only seller financed for 2-5 years with a balloon payment. At time you'd refinance and pay the seller.  

@Eryn Garcia

Pros are that students generally have consistent income from loans, parents, grants. They also turnover every few years allowing you to fix the damage and raise rents. Renting to students in majors that are study intensive (STEM) can cut down on the damage and engineers like to fix things. You always have a demand for renters. 

Cons are the increased damage.  This can happen with non-students as well. There is also the exit when you sell the property if it's in a heavy student area you are may limit your selling pool to other investors.  

Look at the plan of the university as well. If they are planning on adding hundreds of new student housing units that could decrease rents for a few years. 

@Stuart Udis

This is great! Also MLS properties have sellers that are ready to sell and are selling because they have to by choice or otherwise.. Factoring in the time and efforts (driving, mailers, cold calls etc) to find "off-market" deals are you really saving? There are a lot of good deals on the MLS. We look at the entire market everyday in a mass analysis and find many deals and I'm guessing more than what comes around "off-market".

@Roman A Sandler

Different markets and different areas of those markets will see price changes.  In the Reno, NV market prices are continuing to rise because there is still a shortage of housing supply and there are very few building start.  The area is geographically restricted and naturally prevents urban sprawl like in other markets. Tech and manufacturing jobs are moving into the area from CA bringing higher wage earners.  Tesla semi-truck and the lithium loop will continue to diversify the hospitality and recreation jobs in the area.  There is no single data source to go to nationally to find markets. Talking with multiple investors and realtors in the target markets then crunching the numbers on the markets that work for your goals, time, energy and capital will guide you to find the right property.