All Forum Posts by: Alex M.

Hey everyone,

Does anybody have any good recs for investment real estate agents in south lake tahoe?

Im looking to buy an investment property and looking to interview experienced investment realtor within this market.

Im looking to buy a home in the 500-600K range and focus on LTR (no airbnbs or luxury mansion)

qualifications Im looking for:

experience in south lake tahoe area, understanding of cash on cash vs ROI, experience calculating income streams and providing comps, ability to provide numbers on investment property deals you have done in south lake tahoe over the past 6-12 months, long term partner willing to go through several offers, local connections, ability to explain renovation process (if needed), potentially able to find off market deals

I'll only be considering agents that are willing to go through an interview and provide specifics on the information listed above

Again, im specifically looking for an agent who specializes in investment real estate in south lake, if that's not your focus, please do not respond.

Thanks yall! :)

Hi All,

Long time listenter, first time poster! I have been saving money for a long time and looking to finally make the jump and purchase an investment property.

Im focused on building wealth in my property, renovating it, and keeping it for the long term. I understand cashflow and making money will come in 7-10 years.

my situation:
I live in the Bay Area but housing is out of my price range. I travel to tahoe on a regular basis and have been looking to buy a property in South Lake Tahoe. I am looking to buy a 3 bedroom I can turn into 2 units or 2 bedroom I can add an ADU onto. I have about 30-45% I can put down. Ideally, one unit I can rent out long term and one unit for short term (3-6 months seasonally) that I might use every once in a while / on the off season. (I do not want to do AirBnb) So I'm okay with even paying a few hundred a month if its acting as a second home, something like house hacking light. As as long as the tentant covers mortgage, I'd pretty much be happy. Hopefully, with a big enough down payment the mortgate will be low enough for tenants to cover. Ultimately Im looking to build equity in the home to eventually leverage and purchase another property or sell and trade up (1031).

I've heard renting 3 bedrooms is a very crowded market so thats why im looking to do the smaller 1-2 bedroom options

Im concerned about all the competitions and the somewhat transient nature of the city. Seems like most rentals would be one year before someone leaves rather than the multiyear tenants that I would prefer. Or unreliable tenants that leave before their lease is up.

My big question here is - how is LTR in tahoe?

Thanks!