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Updated almost 3 years ago,
Carson City/Reno/Lake Tahoe Long Term Investment
Looking at purchasing an investment property. I just flipped a project on the Oregon Coast and looking at transferring some profits into another rental in the Carson City, Reno, Gardnerville, or Lake Tahoe area where I currently have a few rentals and live full time. I've looked at a few rehab properties that need a lot of work and seemed to be priced high for the work that needs to be done, i.e. new plumbing, electric, foundation. Is anybody else having this experience? Should I branch outside of my local area? May be interested in a turn key vacation rental out of state, anybody else doing this? Maybe Florida? Baja? Would love to hear your thoughts and ideas and what you all are doing.
Thanks,
Orion