Besides buying up as much Reno Homes and Reno Income Properties as my greedy self in this once in a lifetime Nevada real estate opportunity, may I suggest the following:
Transfer real estate to heirs while the cost basis is low. You will need an appraisal, make sure they use actives, pendings and solds. You are shooting for a low value here, actives and pendings tend to be lower in a buyers market, opposite of course in a sellers market.
Settle estates, divorces, partnerships, lawsuits, judgements and anything else that would benefit from a lower value. more...
Reno is like a less-worse version of Stockton-Sacramento-Modesto. We have not yet hit bottom and neither have they. Thoughts?
Diane Cohn, Realtor
www.renorealtyblog.com
