Vegas or not to Vegas??

[Michael LaPlaca]

With the Zaggots already established, a few areas under redevelopment, and a new NHL & NFL teams coming to town. I'm considering Las Vegas for my next investment (multi unit).  Curious to any feedback. 

[Clint W.]

I live in Vegas and have a couple SFRs here.  We have considered multi-family many times; however, we always walk away.  We do this for a couple reasons.

1) Property values are climbing faster than is realistic due to international (mainly Chinese) and California investors.

2) Mulit-family homes here tend to be in the C/D category for homes and just not worth the risk assumed (for us).

3) Elysian apartments have exploded all over the valley and I feel that the apartment market is going to become saturated very soon.

my $.02

Cheers