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Investment Properties in Reno : Real Estate Advice

  • All419
  • Local Info29
  • Home Buying163
  • Home Selling18
  • Market Conditions19

Activity 8
Wed May 18, 2016
Vdmtrn asked:
Hi, I am not familiar with the market in Reno at all, but heard from a friend that with Giga factory building near by, it might be a good opportunity. Thinking of buying an investment house/condo,…
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Fri Nov 7, 2014
Reno Investor asked:
I am looking for some recommendation on an insurance broker or company to use to insure a triplex in Reno. The insurance would be in the name of a limited liability company. Any references…
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Fri Mar 21, 2014
Janice McElroy answered:
I can help you find those listings. Please give me your email address and I will send you all of them.
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Thu Dec 5, 2013
Karen Degney answered:
Thu Dec 5, 2013
Madeline Zook asked:
Fri Aug 16, 2013
Clark Riel answered:
CC&R's by simple definition are Covenants, Conditions and Restrictions that place rules on the use of your property. Some of them my limit the use of your property. CC&Rs are created by the Home Owners Association and are recorded documents. You need to check with an attorney on the legality of the CC&R's. ... more
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Fri Aug 2, 2013
Jeff Parlane answered:
Dear KP11,
We're a retired couple and live in one of the 3-bd Smithridge townhouses (townhouses have a private yard, but condo's do not???). We also have another unit a few doors down that I picked up for a song from the bank a few years back, refurbished it and now lease out for a little extra tee money. It wasn't always so, but right now there is good demand for these units as the renter gets a lot of space (1220 sq ft) and parking for their rental dollar ($750-$800). The stairs definitely help to keep you in shape, not sure if that is good or bad. Trulia, CL (or "zee" other real estate website) will tell you current rental rates, they vary depending on condition of unit. The $150 HOA dues can seem a little steep - but on last check, street sealant, siding, roofing and lush landscaping is still not free. Crime has gone down dramatically since we installed the iron fencing between the walkways (no cross traffic), and the mature landscaping is beautiful.
In the end though, I would agree with the RE experts here and ask you to please consider the Delucchi units over the Smithridge units for your rental needs.
Old Parnell
... more
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Sat May 12, 2012
Ron Bell answered:
Hey tiger not so fast, your timing is a little off. Market is speculative and has had a huge run up and you need cash to make up difference between appraisal and purchase price in sub 175k market. Rents are dropping as prices are rising and eventually it doesn't pencil. With that said since they mostly stopped foreclosing because of ab249 passage , inventory is low creating this mini bubble and this is flippers paradise unless you get caught at the top and can't get out. Keep in mind they estimate a foreclosure an hour is backing up on top of the shadow foreclosures before ab249. At some point they may release them and we may retest the lows of last year. ... more
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