Investing in Reno, NV

[Richard Goore]

I am beginning to look at the Reno NV market for buy/hold investing.  My Daughteer is going to UNR next year so looking to buy something near campus within the next 6-12 months. The idea is she will move in to whatever I buy after her freshman year.  I can’t then use the 529 money we saved to pay a portion of the rent.  Still need t check if this is legit or not to do.     Looking to network with other RE investors in the area, meet trades people, and anyone who has insight into this market.  I’m a residential Realtor in Sacramento.  Not completely new to RE investing but not familiar with the Reno market. 

I look forward to any/all replies.  

[Jeremy Gray]

Hi,e

I am new to BP and to Reno, but have a couple of rentals and a fair amount of experience. I can tell you something that might not be in the news. I have a young man helping with some of my properties now that was working at the Tesla factory in Sparks. He and his entire team got called in today, Sunday, which is what they do when they are laying people off. I think Tesla might be scaling back a bit right now until things get on better footing. I will let you know what happens.

I too am interested in buying property in the Reno/Sparks area, specifically a small multi family property under 20 units . We moved to Reno at the beginning of this year and live in the south part near Mt. Rose. I am looking to do some networking in the area and meeting some other BP followers. I would love to know if there is any kind of REI meetup in Reno and if not, we should start one.