Las Vegas and surrounding areas

[Ryan Beesley]

Hi everyone,

My name is Ryan and I am new (1 month) to Bigger Pockets. I would first like to thank everyone for this amazing website and all the information that has been gathered. A true community of likeminded people with a similar goal under the umbrella of RE.

As mentioned I am new to bigger pockets and real estate in general. At least from the perspective of viewing it as a long term investment. My wife and I have owned before, sold, and made a little money in the Southern Oregon market, so we have been in the market before but our knowledge is still very limited. Enter Bigger Pockets!!. Since joining BP we have read so many success stories from people that we can relate closely to and been inspired to really take control of our short and long term future and begin to get out of the rat race. To us, RE makes perfect sense. We have since moved to the Las Vegas area (via Oregon and originally from New Zealand) for work and are looking to start our journey and purchase our first income rental property. 

In the short time we have been in the area (3 months) we have done our due diligence looking at difference areas, properties and talking with some agents. However, I would like to get the opinions of members for the BP community on the Vegas market? My eyes tell me there is a lot of construction, a lot of commercial, residential and apartments/condos being built at a fast rate. Vacancies seem to be low (good thing for rentals?), the Raiders moving to town and the effect that might have? (as silly as that might be), the price of housing is quite high? (after talking with locals and their perspective over the last few years). With this being said we are excited to begin the journey in acquiring our first rental. 

As mentioned we are very new to this space and are open to any and all ideas. With such a world of knowledge throughout this website and podcasts there is no excuses! Thank you for listening to my rant and my apologies if the topic on Vegas has been bought up before.

Cheers everyone!

Ryan