All Forum Posts by: Bradley Buxton

@Gabrielle Pascua

Welcome to BP!  

Right now the focus is the greater Reno Tahoe, NV area. This is where we have collected the data for analysis. Once the concepts and processes are proven in our own backyard we will expand to new cities and area.  The best cities to invest are the ones that fit your budget, time, and energy.  As many posters here have said there are deals in most every city. Some are harder to find and it will take different amounts of capital to invest there. Of course there is a spectrum between Ohio and Aspen. For CA investors the flights and time going to the Midwest are cumbersome and choose markets closer like Reno, Vegas, Boise, Phoenix. Every market has it's pros cons and your goal investing with guide to to which pros outweigh the cons. 

Hi Alex,  Happy to have a discussion to see if I can be a resource for you. I live on the north side of the lake and work with investors in the area. I sent you a PM

@Darryl Cook

Welcome to BP Darryl!  I'm a former CA resident with family in the Bay.  I'm in the Reno Tahoe market now. Happy to connect and bounce around ideas. 

@Jennifer Wood

There are many ways to get deals. What is the time and energy you're willing to put into it? If it's not driving for dollars then going to networking events and selling what you bring to a deal.  For others like my clients I collect the data, find the deals, do the analysis, and provide references to get the property stabilized. That is a value I can bring to them as an agent. Good deals are based on market conditions, rents, skills, time, and your capital investments among other factors. 

@Troy Parker

Look at the investment in the bathroom and the return you'll get on the sale.  I agree that making the bathroom match the rest of the house will look better.  If a remodel is 10k will you get 20k more in value on the sale? Will you be able to to get proforma rents? Can you integrate the green tub in new styling with the vanity replacement?  I think about the ideal customer be renting the house and who will buy it. These questions help guide the cap-ex. Also what else can you do with that money that will add value.  Can you spend the 10k on landscaping and sell the house for 50k more? 

@Molly Jones

If a property is posted on a forum or social media it's actually on market just not on the MLS. The mystery of the post get you engaged. They could be real properties or people just collecting emails to add to a "off market list". There are many successful investors that buy from the MLS. There are deals off market and you have to work hard to find the gems and convince the owner to sell. With sites like zillow and refin the owner can go see "market value". Do you homework on the market and you'll find a good deal that works for you.

@Anthony Blanco

I agree there is a lot of data to sift through. Start with rents in the area, this is your gross income. From there you can subtract expenses and calculate a cap rate which will help you compare different properties.  From there look at other factors like what is the alternative to renting at the subject property, is it close to shopping or major employment centers, parks etc..? What other benefits would a renter have tot living there. Can you improve the property to raise rents?  Look at the capital expenditures.  Be cautious of properties that look too good on paper. 

Once you have a property in contract you'll be able to look at the property books and be able to determine exact numbers.

@Craig Peck

There are some really good investments on many asset classes. You can use the cap rates to compare if buying multiple 10 unit properties or two 30 unit properties.  There are definitely stronger appreciation markets in the multifamily space and there are some that the market is dropping. In the Reno, NV market the single-family is out performing the multifamily because of the short supply and higher prices. Any metros that over built the last few years are having vacancy issues. There are multiple studies you can find online on the major markets. Take a look at mid-size markets in landlord friendly states.  Also you can consider REITS or syndications for the passive income.  

@Zak Beard

There will be multiple markets you can invest.  Take the long view and the big picture. Do you have the time and energy to invest in Kansas? Do you have enough capital in reserves if something goes wrong? There ae plenty of success stories pre-2022, the strategies need to be different now.  Start with why you're investing. Everyone wants cash flow of course. There are some really big gains to be made with appreciation. It might make more sense in CA or someplace closer like AZ or Nevada.  There are other advantages to investing in real estate and benefits besides cashflow.