All Forum Posts by: Bradley Buxton

@Jillian Shuler

Pricelabs is another tool that the STR property managers I work with like better than AirDNA.

@Jake Andronico

Looks like Reno is a great place to invest!

@Maria McNally

I'm in the Reno Tahoe area and have good investor focused lenders that will have multiple options.  I'll send you a DM.

@Brandon Gale

Great list! 

@Taylor Kendrick

Join because you want to, like the facilities, and you want to build a social network. I am a member of a few clubs because I like to golf and meet new people with common interests in real estate. I have met great people there. Yes, you will meet business contacts because you have shared interests in the country club life. If you are curious about them, genuine, and how you can add value to the relationship, it's a net positive. There is no math equation for the ROI. I would not join a club that you need to take out a second mortgage to join just because you think it will pay off.

@Gp G.

Choose one that either has a long reputation and or is backed by one of the big investment firms like Fidelity or First American Title. It's an unregulated industry so check references. Tap into your local network and who they have used. @Dave Foster is a great resource and expert for 1031 exchanges. 

@Scott Cunningham

A good CPA will be able to go over all the different tax strategies. The advantage of real estate investing is that you can pay someone to manage that business day 1. A business you own can own you, and you are still basically trading time for money until the business can run with minimal time input.  A common strategy for my clients from the bay have been doing well here in Tahoe and Reno, NV is the short-term rentals to offset W2 income. It's a combination of running a business (hospitality) with the added tax benefits and appreciation of the real estate. You can do this in CA or out of state and, with the help of a good CPA, can get the most advantageous tax situation. 

@Kyler Wright

Q. You have to look at the market sales, pending home sales, and rental data. What is best for you is your risk tolerance. If you have never flipped a house and want to do that, buy a live in flip. If all goes wrong, you can still live there, and there is no commute to the "best market". 

Q. How far are you willing to travel to manage a flip? If you want to drive 4 hours daily or at least multiple times per week, then that is not too far. If something goes wrong, are you going to drive there at a moment's notice? 

Q. If the rental market is strong and median prices are going up it's an indicator there is a demand for housing. Look at housing starts and alternatives to your used house. Can someone buy a new house 20 minutes away from your flip? 

Investing where you live has many advantages to getting started. If you have the capital and are willing to burn that to experiment with different markets, then you will learn valuable lessons, positive and negative.  You are running a business, and the house is your inventory. holding costs, cost overruns, gas, food, and time are all inputs in your profit return. A live in flip or fixer-upper house hack will give you experience and lower your risk. 

@Charles Granroth

It feels good to get a good deal. Your good deal might be different than that of another investor. Let you "why" you're buying real estate guide your decisions and how investing fits into your lifestyle. Look at the data and take action.  Going to meet-ups and talking with people, reading forums for pitfalls and asking questions, and reading investing books from the last 2 years will give a good base knowledge. There is no substitute for buying your first property, even if it's just a primary to house hack. 

@Jen Carlile

I live in Incline Village full-time and can show you the data and analytics of investment properties for either a long-term or short-term strategy. 

There are some mostly "hands-off" strategies and programs for long-term renters now that could be an option.  There are a few asset classes condo vs single family homes that would work to get you access to the Incline amenities.