All Forum Posts by: A Taylor

Since only 5 states offer full RE License Reciprocity ( Alabama, Colorado, Maine, Mississippi and Virginia) how do those of you who have RE investments in multiple states AND still prefer to handle your own deals decide whether to get a license in a 2nd or 3rd state vs just moving forward with working with a trusted broker in other states?

Logan...these single families will each be owned by a Single Purpose Delaware LLC so yes will liquidate and 1031 into new properties and when a certain dollar amount is saved from 1031's of appreciated properties move on into multifamily..so I have a sound strategy in place.

Chris, since these properties will be in an area that is today not quite frothy yet like Sparks Nevada there will be very low cash flow for the first 12 months as I have to keep rents in line with comparable properties in the area. The plan will be after said High Tech Manufacturing employees move into area en masse from the Bay Area, raise rents about 25% to 30% and at that time will be cash flow positive.

Thats why..since these would be short term (less than 3 years) plays...I am focusing on thoughts in terms of how to better gauge the impact the New employer is having in the area on RE so that I can be ahead of the curve in terms of buying cheap and selling with appreciation.

How have you guys in the past on certain deals; determined whether a market that will have a new major employer moving into the area,(an example is the boon for residential and commercial real estate in Sparks Nevada when Tesla opened its huge GigaFactory outside Sparks) a good market for speculative residential or commercial purchases?

I am looking at a particular market that is very similar to Sparks Nevada PRE Tesla (in a state in the Eastern seaboard) that has a new High Tech employer moving (actually building a new plant from scratch) into area and is projected to bring 3200 high tech mfg jobs to area.

I for example can buy Single Family in this area today while prices are still reasonable but would not be able to raise rents above the current local rent average until time that the new Tech Company's plant is up and running and employees have relocated to area from California. (in about 2 years)

My goal will be short term strong price appreciation of the property/ies that hopefully will occur (as happened in Sparks Nevada) within a couple of years of the High Tech Employers opening.

Any thoughts?