Buy first property and rent out

[Ernie Castaneda]

I live in Monterey Park CA, With house prices in CA don’t see doing my first home purchase here, so I’ve been looking at property’s in Las Vegas prices are very tempting but not sure. Look for advice where to start and if Vegas would be a good place to start

[Ali Boone]

I'm personally not a fan of Vegas. For one, the prices there now have sky-rocketed and in most cases are higher than they were before the 2009 crash. But that aside, even when the prices were killer-awesome, I don't like the market fundamentals of Vegas enough to want to buy there. The primary industry there is entertainment, and what is the first industry to take a hit in a recession? That means the properties around it too. Also, entertainment makes for a lot of transient tenants, and those aren't primo for rental property success.

If you aren't set on Vegas, check this article out to maybe help you-

https://www.biggerpockets.com/renewsblog/out-of-st...

I'm down in LA/Venice and have always bought out-of-state. Happy to chat anytime if you want some help.