All Forum Posts by: Bradley Buxton

@Alex M.

I live in Tahoe full time on the north side. There are more regulations to building in the Tahoe basin which can be navigated and take time and money. Obviously it can be done, there are plenty of projects ongoing. The building season is roughly may to October and permits and contractors need to be in place well before the start of the building season. There are properties you can find that might already have an ADU or a layout that would allow a unit to be split off with a separate entrance (ex: converted garage). There are some proposals in South Lake now for homes that are not occupied more than 6 months of the year and less than that will be taxed but that has yet to pass. Also a housing shortage for local workers so there are efforts to create more long term rentals. I have some data on the rents for long term I can share with you. Tahoe is an amazing place to be.

@Forrest Brown

Weight in the factors of investing out of state with travel, time, and energy to invest.  There are still plenty of people making money on investments in CA. True landlord laws are tough and there are people that navigate them.  If you goal is appreciation then SD is not a bad place to be.  If you want to expand your experience then you can save up invest out of state. Places like the Midwest have low capital and long distance and Nevada has strong appreciation and closer.  Are there other factors keeping you in SD?  Can you get another house hack?  Do the math and think about what is the alternative use of the capital you can deploy from your current investment? 

@Sarah Maze

It seems like you sell the house based on the headache and the amount of equity can be deployed to continue growing your portfolio.  You can take that equity and invest in other assets out of CA into something that will complement your other investments. With that equity you can be in a more landlord friendly state and split between cash flow and appreciation or expand into a small multifamily. Beside the Midwest take a look at the Reno, NV market. Close to WA, landlord friendly, low taxes, strong job and population growth.  Based on your portfolio design you can find a cashflow or appreciation small multifamily or several single family. 

@Brian Tripp

Lots of options out there and many places to get good returns on your investments. It will be a lot depending on this and that. Ohio comes up regularly. Check out Reno, NV.  A great place for CA investors because it's close to CA, no income tax, landlord friendly, tech job (Data centers), manufacturing job growth (Tesla), geographically constrained, and the 4th lowest property taxes (do not reassess on sale) in the nation.  I have the data and analytics on the market that show the strong appreciation in the area with cash flowing opportunities.  

@Jeffery Cooper

There can be many reasons to sell a condo so I'm going to assume you're asking when you sell a condo you have equity and may even be cash flowing. Usually when you want to access the capital is a main reason to sell. Another reason to sell is to avoid a large capital expenditure like a roof, paving, or painting. In Lake Tahoe many condos are experiencing huge increases in HOA to cover increases in insurance and cap ex and many owners are selling. If it's not making you money or bringing you joy.

@Cecil Shannon

Everyone wishes they had started in real estate sooner.  That doesn't mean you're left behind it means you'll need a different strategy that than someone you started 1,3,5,10 years ago.  If you don't have enough to invest locally can you increase your income and savings to be able to invest in 6 months or a year? Converting your current primary into a house hack by adding a studio helps you offset your current mortgage while learning how to be a landlord. Out of state can seem lucrative and it very much can be if that's your strategy.  There are greater risks and cost investing out of state especially if you have to take long flights multiple times per month to interview your core 4 check on projects etc. Shasta is not close to a major airport making any travel more cumbersome. Something closer out of state would be Reno, NV.  Since you have a primary focus on house hacking, saving money, building equity in your current investment.  Every home is an investment. 

@Trevor Crabtree

Check the math and the rents and make sure to factor in your cash flow calcs for maintenance and a cushion for bad actors especially  out of your area.  Are you looking to buy from a turnkey company or buy a rental that is already stabilized with tenants? There are new construction in the Reno, NV area that are cash flowing with tenants paying above market rents. It's a great investment that we recommend for our clients for a new investor but it's not a purchase from a "turnkey" company.

To gain experience as a landlord buying a rental that has a stabilized tenant will give you that experience.  For passive income you can look at REITs or DSTs as well. 

Keep focused on your goals and why you're investing in real estate. Lots of different ways to make money in RE. 

@Sonny Sacks

There are various ways to finance investment properties. Why use FHA? Those loans do come with some restrictions and fees for the life of the loan. Talking with lender in the local area where you want to invest will be important. Nevada is a great place to invest. Happy to provide some resources if you're interested in looking into the possibilities.

@Matt Barnes

I might have some resources for you.  I know a couple of commercial agents in the area that might be a resource for you.  Are you in Tahoe Vista or South Lake Tahoe? 

@John Krapf

I agree there is not a single software solution for investors yet… We are developing AI investor tools at our brokerage in Reno,NV that uses local data and humans. We can locate top properties by analyzing the entire market all at once, run calculations on cash flow and expenses, and generate reports. It’s all verified by trained invest agents. It’s Wall Street tools for Main Street investors. Currently only in the Reno market but will expand once we have all the systems in place. That doesn’t really answer your question directly, I’m just excited about what we are doing. There might be software or agents that can help that more specific to your area you’re looking to invest in.