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Updated about 3 years ago on . Most recent reply

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7
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Mark Coltrin
1
Votes |
7
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Vegas market insights

Mark Coltrin
Posted

Hi Everyone,

I'm fairly new to the community and to real estate investing.  I wanted to just grab some thoughts.  Been looking at the Vegas market for some condo rentals.  Seems like they could cash flow, but not familiar with the market and how easy or hard it would be to get a tenant, engage a good management company, etc.  Would love insights if anyone has any.

Thanks.

Most Popular Reply

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493
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162
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Cameron Braig
  • Atlanta, GA
162
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493
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Cameron Braig
  • Atlanta, GA
Replied

Depending on your goals some good metrics to evaluate a market can be; population growth, rent growth, job growth, job diversification and income growth. These can help filter submarkets within the Vegas area. It may also be helpful to know if infrastructure investments have been made in the market. Public investments like widening roads, water lines, etc can be a good indicator of the runway a particular submarket has. Best of luck as you get started. 

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