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Updated over 10 years ago,
Questions About Las Vegas/New York Market...
Hello BP,
I have the option to stay in the NYC metro area (where I plan on buying an FHA multifamily in August 2015) and where I plan on spending my life, or going back to my hometown of Las Vegas for a year. Wherever I am, I plan on starting to flip houses. However in Las Vegas there are no other nearby cities or markets like there are around new York.
That being said, I'm wondering what the difficulty is of finding properties to flip, and reselling them in Las Vegas. It's a much smaller area, so perhaps less investors. I know the market there is still struggling to recover. Where would be the best market for my endeavors?
P. S. My father is a real estate contractor in Las Vegas, which is a HUGE leg up, and I was raised there so I know the neighborhoods.