All Forum Posts by: Bradley Buxton

 You wouldn't necessarily need a different agent for 5+ units. A residential agent in Nevada can sell multifamily "commercial" units. I've sold 10+ units, single family investment properties, luxury homes. Depending on the state there might different rules for residential agents to sell commercial properties. Commercial agents generally don't sell under 4 units. Ideally you can find an agent that has experience with both 1-4 and 5+

@Bruce Marshall

To save time interview agents then you don't waste your time or theirs by testing them out. Buying real estate is a business investment. Build your team like your business. Interview agents and if they can provide you the value you need, the communication style that works for you, and give you the time needed to be confident in a transaction then you have found a good "employee". 

Are they an investor themselves? This gives some experience that can be valuable. Are they more interested in your success or their investments? Did they get lucky with a few deals? Are they still buying? While it's important I would not put it as the top priority.
If an agent is also an investor there are likely conflicts of interests, if there is a great deal why would they send it to you? Some will say "they are not buying the same deals" if it's a good deal and money to be made it's everyone's deal. You can get great advice and guidance from agents that are not investors themselves. Not every coach in the NFL played in the NFL, 70% of coaches in the NFL never played in the league.

One of the biggest factors in finding a great real estate agent? Communication and commitment to your investment success. That means asking questions, giving honest feedback, and being upfront about your expectations.

Don't be afraid to ask for advice or voice concerns—great agents want that dialogue. And if the relationship isn't working out, let them know. Agents are people, not mindless zombies (even if the industry can feel that way sometimes!).

Clear, honest communication goes a long way in building a productive, profitable partnership.

@Chris McCabe

Some counties you can download the assessor data and sort and filter by zoning and you will also have the owner information. From there you can get phone numbers and send mailers. Over here in the Reno Tahoe market we have developed a tool that has properties sorted for income potential, condition, asset class, and cap rates. Maybe there is a local brokerage in your area like that. 

@Frank Wei

There are many out of state options. It's much easier to start with a more turn-key option for out of state investing, get to know contacts, and people and you can then expand from there. Factor in more than cashflow when making your location decision. Think about time you can commit from talking with tradesmen to traveling to see and check on properties. It's an exciting and rewarding endeavor.

@Jeremy Kennemur

Hey Jeremy! Welcome to BP, I'm just over the hill from Carson in Tahoe. I'd be interested to link on some video content and chat RE investing. 

@Christine Perez

I have a team of people here in Nevada. I'm an agent specializing in investment properties in northern Nevada, with data and analysis for single family and multifamily. I also have contacts in southern NV. I'll send you a pm. 

$1,000/month in cash flow is solid—assuming that's net. There are a few key things to consider:

• You can unlock equity through a HELOC, cash-out refi, or by selling.

• You’ve got two more years of renting before needing to worry about a 1031 exchange.

• It might make sense to buy your next stabilized property in the area you're moving to. Get to know the market, then look into a duplex or small multifamily there.

• Once that next property is stabilized—maybe even as your primary—you can reassess whether selling makes sense.

• Don’t forget to factor in property management vs. self-managing, as it can impact your cash flow.

• If you think the current market has peaked in appreciation, selling could be smart—but make sure you have a plan for reinvesting. Parking the proceeds in stocks might not be your best move.

@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.