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Updated about 4 years ago,
First time investor looking to house hack in the Reno area
Hey there BP, long time lurker finally ready to get involved. I recently moved to Reno and I'm looking to purchase my first house/investment property. The plan would be to house hack a single family home (rent out the remaining rooms) for a year, then hold long term as a rental. Definitely willing to consider homes with opportunities for minor cosmetic upgrades, but as a first-timer I'm not looking for any major renovations.
Does anyone have feedback on the best areas for cash flow, with potential for appreciation? I have been looking at outlying areas where the prices seem a little lower. In particular I was thinking Fernley could be a good possibility - lower prices and fairly high rental demand (?) with the Tahoe Reno Industrial Center nearby - thoughts? Any other areas worth looking into, or other considerations to keep in mind?
Also looking to network with people in the area! Let me know if you are (or can recommend) a local realtor, lender, someone to help find deals, investor willing to share knowledge, etc.
Thanks in advance!