All Forum Posts by: Bradley Buxton

@Derek Hagglof

How much income does the wedding venue produce? Knowing the monthly income and expenses and ease of management might help you decide on what to sell. Depending on your goals, keeping the wedding venue and continually letting it appreciate while increasing the cash flow of that property if you moved and rented the cottage. From an outsider's perspective, the Hawaii property seems like the hardest to manage mainly because of the distance, and might be the best one to sell but without seeing the numbers it's hard to tell. The Tahoe house appears to be the best cash-flowing. I'm in the Lake Tahoe Reno market and we work with CA residents looking to 1031 out of state and still be close by many of our clients would love to have that type of property in Tahoe. I was living in SLO for a long time and made the move to Tahoe, Nevada mainly for the tax benefits. No state income tax and low property taxes and landlord friendly. Might be valuable to save on taxes if you can move. 

@Kashyap Shah

Welcome to Bigger Pockets!  Happy to connect and share ideas.

@Joshua Petersen

Welcome to BP!  

@Benjamin Barraza

Congratulations on your marriage and beginning your wealth building journey.  I'm from SLO and have some good friends from Ojai and Ventura. Amazing area. 

@Robert Taylor

Take a look at Reno, NV Lake Tahoe area.  There are still relatively affordable single family and multifamily that are cash flowing with 25% down. Very good tax climate, and landlord friendly combined with strong economic growth with tech companies like Apple and google building data centers, Tesla is building the semi-truck factory and a exodus from CA of people all point to strong signs of appreciation.  The population is expected to grow 18.5% by 2025 and geographically restricted building will cause an even greater housing shortage. I'm happy to link up an share more insights and knowledge of the market

Quote from @Bill B.:

You’d have to look all the way to Nevada to have no state income tax, lower property taxes and insurance, no weather related issues and a young property base. I can’t even imagine what a $7k property tax unit looks like.  If I pay $3,200 give or take on a $550k property, and less than $2k on $400k properties, your properties have to be north of $1.1mil each? Swap them for a couple paid off properties here. Heck. You could probably swap for new builds. 

You can compare us to other tax feee states like Texas (even higher property taxes), Florida (insurance and weather), South Dakota (snow? No thanks). Maybe Tennessee? I dunno, never been. Check out Tennessee. 

The good news is with no income tax in your home state or your rental’s state, you’d stay tax free. Unlike those who invest here from California. 

Good luck but don’t take too long. We’re becoming California east and the glory days are almost in the rear view mirror. (Maybe I’ll end up in Tennessee.) Good luck whatever you choose. 

Reno,NV is a great area to invest because of the job growth with Tesla, Apple, Google, limited building, landlord friendly, low property taxes, and of course no income tax.  The weather is fairly mild and proximity to CA and recreating.  Happy to connect and share more knowledge.

@Jonathan Kim

Santa Clarita is a great area, I used to work down there. There's been a lot of new building in the area which could have made the older homes less desirable. You might be able to find a duplex in the older areas to house hack if that's an option for you. Then you might not need a partner and you'd gain valuable experience as a landlord. Talk to lenders in your area and look for meet-ups for investors. 

@Eric Rice

I'm an ex CA resident and was in a similar situation looking for an appreciation market.  We looked at UT, CO, and OR because we still wanted better weather and near the mountains. We ended up in northern Nevada Reno /Tahoe area. The no state income tax was a big draw. It's landlord friendly, and the property taxes are low. (they don't reassess with the sale like CA). The Tesla factory and other tech companies moving to the area is a big plus. Close to CA to visit family and friends is also a nice benefit. 

@Arshiya Taami

There are still opportunities but they will be harder to find and at higher price points. There is a lot of competition in CA and while a great appreciation market gone are the gold rush days of the last 10 years so the strategy has to get more creative. That's why I bought in the Reno, NV / Tahoe area. It's relatively affordable, strong tech and industrial job growth, landlord friendly, low property taxes, and not state income tax.  It's all depends on your goals and how you can adapt your strategy. 

@Van Wang

Have a look at the Reno, NV market. It has tech and manufacturing job growth and all the signs for solid appreciation. With the proximity to Lake Tahoe there is a huge draw from CA. We are still finding some good house hack opportunities with 100k down. STR or MTR are also an option to increase cash flow.