Deciding the best approach in the Las Vegas/Henderson market

[William Nichols]

Hello everyone,

I hope this post finds you all are well. I have some road blocks that I thought maybe one or many of you all could help clear up for me. As a new investor tired of paying someone else's mortgage my lease at my APT complex is ending soon. Before my lease expired, I wanted to close on a good four-plex that brought in a good cash flow and that I could also live in (house hack). I'm having difficulty finding good deals on the MLS for multifamily homes. So I considered (while still searching for my 4-plex) looking into securing a single-family home in the Las Vegas / Henderson area. I am just genuinely tired of paying rent when I could if anything starts paying towards a mortgage for the same price, maybe even cheaper....Or maybe I should be patient and stick it out (with renting) until a good multi-family deal becomes available in my market? Any thoughts about this? Please feel free to share your thoughts, ideas or any other good need to know information.

[Billy Runyan]

I think I saw you at the meet last night but we didn't speak.  You are right about multi-family being not available now.  

I'm closing today on a property I found 6 days ago for a client.  She is going to live in it while we rehab and likely flip it or rent it out.  If you are into doing it, you can make money, but the thing that will kill you in the market right now because its so hot is analysis paralysis.  Let me know if/how I may help.

Billy