All Forum Posts by: Bradley Buxton

@Sumit Kaul

Check with the builder to see if they offer incentives to buy your interest rate down.  That will help your initial cash flow.  Check rents in the area and how fast homes are being rented out. Zillow is a good resource for that.  Is Tracy hills an easy commute from major high paying jobs? Are there amenities that appeal to people living there?  How much more building is going on? Will your house be worth less because there will be bigger and better new builds near by? 

@Nick Baxter

In the Reno, NV market there are other housing programs that the local government offers that might be a similar strategy.  Happy to link and share some market info.  

@Noah Chiero

Lots of choices out of California.  Why are you investing?   How much time do you have to dedicate to your investments?  Make a list of potential markets and factor in your travel time to and from each time you will need to visit the property. It might become more clear about where to invest. I recommend CA residents look at Reno, Nevada because of the proximity, landlord friendly, low property taxes, and influx of high wage jobs and strong appreciation. 

There are other advantages to investing in Nevada besides price. Nevada offers low property taxes that do not assess on the sale, no State income tax, landlord friendly laws, and geographically constricted building.   

@Jerry Callow

Your strategy of investing would dictate how you find deals.  For some cold calling, driving neighborhoods, or Zillow, Redfin etc... How much time do you have and what is your investment strategy, fix and filp, BRRRs, STRs, buy-and-hold will require different hunting techniques.  A good agent can also be useful in finding deals. Analyzing properties one at a time can be cumbersome.

For our clients in the Reno Tahoe Nevada market we mass analyze the entire market everyday. It's similar to what wall street institutional investors do. We compile data on neighborhood rents and combine that with listing data, then double check rents, the area, and condition. Then we calculate the cap rates and rank each property. From that list we can do a deeper dive into the data and for each client and strategy we find the best property for them. 

@Josh S.

With a large loan you will have a large payment that will effect your cash flow.  The more money you can put as a down payment the more cash flow you will have in any market.  

Nevada is a great place to invest because it's landlord friendly, low property taxes, tech job growth, population growth, and no state income tax.  I like the Reno, NV area because there are very few building starts and it's geographically restricted by the mountains which is constricting supply forcing appreciation. 

@Megha Sharma

There are pros and cons for each. Condos have HOAs which can be good for landlords because the keep the outside of the building, landscaping, and rules to keep tenants from making their own "yard art". Downside is HOA fees can increase at anytime or rules put in place you might object to or that don't fit your strategy. You also have to deal with different personality types that run the HOA. Single family you have fewer rules and more control and all the responsibility. Both can have large capital expenditures in the form of special assessments for a condo or major repairs with a SFH.

If you're thinking of Nevada the Reno market is very strong with appreciation and close enough to the Bay area to reach in a day.  There are multiple options and strategies you can deploy in the area. Happy to share knowledge and references. 

That's about what we are seeing is $350-400k rents for 2000-2500.  Time on market 2-3 weeks at market rents.  We have a shortage of housing and because we are surrounded by mountains it's hard to build so the supply is rapidly shirking driving rents.  Tesla and the AI data center investments here there are more high paying jobs that are driving up home prices and rents. 

@Kevin S.

I am in Reno! The top investment properties that are 3/2 range from mid 300k to 600k+ depending on the area. Over 600k it's more of a write-off type strategy or a high end STR or MTR. Reno and Tahoe have a wide range of prices and depending on your strategy the home prices will vary. Rents will also vary from about $2000-$4000 based on the area and house. I have some tools that we use to analyze the entire market all at once. I'm happy to share what we call wall street tools for main street investors.

@Keeya WangJones

Nevada is a great state to invest in because of the proximity to CA, no state income tax, 4th lowest property taxes in the US, constricted housing supply, and job and wage growth.  As @Bill B. said there are many people in the Reno Tahoe, NV area that live in Nevada 6 months and a day to claim residency and don't pay state income tax. CA doesn't like that much.  Appreciation is where you will build wealth and if you buy in cash it will cash flow. Retiring with mailbox money takes time and money.  Happy to connect, share ideas and be a resource.