All Forum Posts by: Bradley Buxton

@Trevor Riley

A good deal is different for everyone. We work with many investors that know what is a good deal for them and many that don't. I think it's easy as a new investor to get stuck on one piece of a good deal and overlook the overall benefits of a deal. For example on BP there are many people that won't buy something because it doesn't meet the 1% rule.  There are deals and plenty of them and many people don't have the capital to buy the good deals.  If you're only looking at cash flow buy in cash. Maybe a there are few good deals with only 5% down?  Real Estate is a long game and it was "easier" the last 10 years pre-covid to buy and cashflow.  Now it's more difficult because investors without a lot of capital is in competition with a lot of other investors and primary buyers that also don't have capital. The game has changed. 

@Sevag Keosseian

Welcome to BP! Lots of out of state markets to chose from. Which is the best depends on your goals and how you want to design your deals. I'm in the Tahoe / Reno, NV market. There is plenty of opportunities here and they will be different than what opportunities you find in Midwest. Each market has it's advantages for each investor. I like Nevada because it's close to CA, low property taxes, landlord friendly and has strong tech and manufacturing job growth.  Happy to link and share ideas. 

@Sage Sager-Romano

Welcome to BP! I'm in the Northern NV market in Reno Tahoe. Happy to connect and share resources in the area.  I think NV is a great place to invest.  

@Chris Seveney

Interesting question. I think there will be a gap between when interest rates drop and buyers enter the market but sellers will still not give up their low rates. For example, if rates drop below 6% many more buyers will enter the market putting more pressure on demand and raising prices while owners with 3% ish rates won't sell until rates go to at or below 5%. There is such a supply and demand issue in many markets that low rates will drive prices higher. In Reno, NV there is such a supply constraint because of geographic limitations and an influx of tech and manufacturing jobs from CA rates at 5% will cause a buying frenzy driving prices even higher. In other markets where building is unlimited on flat land, there will be a smaller effect on the rates and supply and demand forces.

@Sarah Watanabe

Welcome to the wonderful world of investing! I'm a former CA resident and now live in Lake Tahoe Nevada. There are some great investments around the Reno, NV area. Close to CA, landlord and tax friendly. I have references and data on the area if you're interested in looking out of state. 

@Stephanie Lilly

Welcome to BP!  I'm a former CA resident now in I live in Lake Tahoe and work in the Reno, NV market. Nevada is landlord friendly, lower property taxes, lower entry prices, and close to SF.  Happy to connect and share ideas. 

 Usually after every guest (turnover) there is cleaning and maintenance to be done. The interaction and entry of the guests, and marketing can easily be done remotely with keypads and various rental software platforms. A good property manger will handle anything that requires a person to be on site. Pilot light goes off, stove wont work, heaters off, etc...

@Pavan Muralidhara

Think about why you're investing and that will guide where and what to invest. Some of our clients want to have strong appreciation and something to leave for their kids or they want the appreciation to retire in 15 years. Those strategies are less likely to adhere to the 1% rule. Which to me is an old over simplification measurement of an investment property, it's only one metric. Like your weight is only one metric of fitness. If cash flow is what you're after there will be markets in the Midwest and south that will give you cash flow. There are plenty of posts about the downsides to long distance investing. In my market here in Reno / Tahoe NV there are cash flowing properties that also have strong appreciation. To cash flow it requires a larger down payment and compared to the bay area that investment is relatively low.  Nevada is also a landlord friendly state and has low property taxes.  BP is filled with success stories from the last 10 years when making money in real estate was easier than it now. Look at all the inputs of time and money to guide your investment decisions.  

@Justin Goodin

There are advantages and disadvantages to both which is why institutional investors are also buying single-family homes. Investors starting out or in new markets can benefit from the relative liquidity of a SFH. Easier to buy and sell as a stepping stone to buying more multifamily in the area. In the Reno, NV market there are better cap rates on single-family than multifamily because the the supply issue of multifamily. It really depends on the market, an investors goals, and their individual situation if an investors would switch to multifamily.

@Jimmy Alfaro

Welcome to BP. There are a lot of different strategies and markets out there. Narrowing down your goals and why you want to invest will guide your strategies. I'm in the Reno / Tahoe, Nevada area and happy to share knowledge of that market.