All Forum Posts by: Bradley Buxton

@James Figliozzi Hi James have you considered northern Nevada? Reno has great appreciation option with our tech industry job growth, limited building, and migration of California. I'm curious to where you ended up buying. If you need a REI resources in the Reno Tahoe area fell free to message me.

These are great insights.  

Would you consider seller financing to continue a revenue stream after the house has conveyed? 

Has anyone leased to own from the leasing side or the seller side?  What are the advantages for both sides and what are the disadvantages? 

Is this a good strategy to get started in Real Estate investing on a first property? 

Are there standard contracts or would a lawyer be needed to write something up?

Quote from @James Figliozzi:

Hi Everyone - First time posting and very very new to real estate investing. I've been doing as much research as I can while working as an Account Executive for a fast-growing tech company. I'm finally ready to take the money I've saved and invest it in real estate. Right now I'm at the stage of trying to figure out what location I want to invest in. I live in New York City so that is not an option, it has to be out of state. As far as strategy, I'm looking for a long-term rental with some decent cash flow, however, I understand that is tough to find right now. My goal is to hold on to the property, build equity, and hopefully continue to buy more in the coming years. My girlfriend's parents have connections in Las Vegas and have a LTR out there. Since I already have the connections in Vegas that is where I'm leaning but it seems as if Vegas can be a bit more expensive than some other areas I'm considering such as Texas, Tennessee, Indiana, and Ohio.

My question is, do I narrow in on Vegas as I already have connections out there or do I leverage Biggerpockets network and find better opportunities in other areas? I know this post is a bit vague and I'm happy to provide more info but looking for some additional insight. Thanks!

 @James Figliozzi 

If you're interested in the NV market have you looked at REno? It's only a quick flight from Vegas but has a more stable appreciation market that is geographically restricted from building and is closest to Silicon Valley which is drawing tech jobs into the area like Tesla and Google. Might be a good option outside Vegas without the volatility but still have the landlord-friendly state and low property taxes. I'm happy to connect and discuss more about the Western investment markets

Quote from @Angelo Llamas:

I’m looking into Modesto does anyone have any insight on areas that are good or to stay away from. 

There is government data online to see where good schools are, low crime rates, and desirable city amenities.  Find the redevelopment areas where new sidewalks, shops, and beautification is happening. 
In Reno the hottest areas are near all the hip new restaurants and bars. There are also a lot of new tech jobs moving to the area. Might be something to look into if you’re thinking out of California. 

Quote from @Lynn Wong:

Hello everyone! Newbie here, I need some advice about investment in Arizona (Mesa, San Tan Valley..). Thought about Stockton or Sacramento area but CA is not landlord friendly state and housing too expensive here to have minimal cash flow or break even with high down payment (30% of 475K). Which market should I look into with about 400 K or less and give some cash flow or appreciation? Thank you very much! 

@Lynn Wong look at investing closer to AZ. Have you thought about NV? Reno is geographically restricted building and cash flow multi family opportunity. The California migration of people and tech companies will force appreciation and rent growth. We specialize in helping investors in the Reno Tahoe area. It’s really a gem out west. 

Quote from @Michael Matesky:

Does anyone know if the rookie boot camp is worth paying for? I don’t have that much capital right now but will in the future and I’m wondering if it’s worth the time and money to take the class

There a so many online resources for free and this forum for questions that a boot camp can be made by your own motivation and methods. If you need more advice agents and find one you can work with and trust.  Good luck and feel free to message me I’m happy to help. 

Quote from @Gladimir Lobo:

Real estate has long been considered a reliable and lucrative investment option. It offers numerous benefits, such as potential rental income, property appreciation, and tax advantages. However, making a wise investment in real estate requires a comprehensive understanding of the concept of return on investment (ROI).

how can you maximize your wealth through smart property investments?

You’re making a bet that the market will appreciate rental or property prices. Invest however you can to maximize on that principle while limiting risk and losses. 

@Allen Ramirez you're on the right track because the first deal is always the hardest and you put in the learning either before the deal or during.  If you're interested in out of state markets take a look at Reno or Gardnerville, NV.  It's great for families, near Lake Tahoe and tons of BLM land for outdoor adventures.  We are seeing some of the best deals in multi-family in those areas. From an analytical standpoint we have a positive population growth and an exodus of tech jobs from CA.  No state income tax and landlord friendly.  I'm happy to be a resource on your journey in NV.  

As the price of money goes down more buyers will enter the market. Multi-family will likely see an increase in buyers as the cash flow number's look better. More competition for 1-4 unit investment properties. The STR market in in areas with lots of building will take a hit as more people buy STRs or vacation homes and enter the market reducing the cash flow. Areas like Reno that have constricted building, net positive population growth, combined with tech industry's jobs moving to the area will see a rapid appreciation in home values. Markets with lots of inventory will likely still see a decline or leveling of prices as more inventory hits the market. What's happening in the Oregon market?