All Forum Posts by: Trevor Richardson

We developed our own set of underwriting tools for our clients. Always looking for feedback. If you DM me your email and a property (could be any MF property) we will send you a underwriting package.

Yesterday, our team at Address Income analyzed over 1300 active single family properties in Reno, Sparks, and Carson City. We found a property with a 7% cap rate based on $2,300/mo in rent, which is incredibly rare in this market.

How did we find this property? We use a proprietary process that takes into account market rent data, taxes, insurance, utilities, and other expenses to calculate the potential return of every property on the market. This allows us to identify the best investment opportunities for our clients.

If you're interested in finding a single family rental investment in Reno, contact us today. We'll help you find the perfect property for your investment goals.

Link: https://addressincome.com

We're excited to help you find the best single family investment in Reno! Contact us today to get started.

I agree with the last couple comments. I’ve seen so many people want to start development with no experience. I’ve seen people buy land only to sit on it for years and lose money then try to dump the land for a huge loss after they couldn’t align entitlements and construction costs. Development is maybe the hardest field in real estate, and given the climate in the US right now (nimbys) it’s even more difficult.

You can make so much more money so much faster by improving existing inventory. Flipping a duplex for a first timer is a massive endeavor. I’d start there.

Sorry for the spiky reply but just trying to provide some reality. I’ve brokered a fair amount of residential/multifamily land for buyers and sellers and have sold a LOT of small multifamily. I’d flip a house or duplex to start off. When I have first time investor clients start asking me about pulling something out of the ground I basically interrupt them and say “no pass” haha. Then explain the above.

Are you interested in investing in real estate but don't know where to start? Address Income is a brokerage that specializes in investment properties in Reno, NV. We have the tools and resources you need to make informed investment decisions, build a successful real estate portfolio, and achieve financial independence.

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It’s really simple. Call/visit the county assessor. 

Check out this video to learn more about how Address Income can help you with your real estate investing journey.

https://youtube.com/shorts/CFy90AfOe-I?feature=share

I feel that most people and story lines want to define real estate trends like when is the “Boom” or “Bust” coming, like there isint anything else.

I think it’s going to be stable with slight increases or declines. This isn't the stock market where stuff can tank in a week. There is nothing wrong with stability but it’s not exciting. 

I’m always an advocate for getting your real estate license not to get access to listings, but to learn the business.

While you learn you can rip some commissions and make real estate your profession and lifestyle, if you like it that much. 

Help 10 others find investments and when you are around the transactions you will learn everything you need to know.

The both have pros and cons. But I'm general you are going to get greater efficiency with multifamily. One tax bill, sewer bill etc… and the rents should be greater $/sf than SFR.

That means they will cash flow stronger. But it depends what market you are in, SFR can have greater stability (with vacancy) and can appreciate and sell quicker.  

What are your goals?