Vegas Market Research

[Nathan Lands]

Hi, my wife and me will be coming out to Vegas from San Francisco next week to do some market research on single family homes. We're looking to meet local real estate agents / investors to learn as much as possible. 

We're looking for areas with the right balance between appreciation potential and rental rates. 

[Bill B.]

@Ian Tan

3bed/2bath or 4/2 let’s you rent to families and families who want an office/den/adult space but not larger families which may or may not be more destructive to your properties. 4/3 is pry ok. 

I personally prefer 3 car garages in my residences, but only 1/3rd of my properties have 3 cars as it really limits your selection. Most (80%?) of vegas homes have 2 car garages. (That soooo many people fill with crap and then park in their driveways for some reason?)

Let me run the numbers on my properties at current values and see if any of them would cash flow. (Ps. I think if you break even today you’d still be a net winner in 5-10 years with higher rents, appreciation, loan pay down etc...most people I talk to can’t change their life with $100/mo cash flow or even $250/mo so if it’s $0-$250 it’s virtually the same.)

Are you planning on using property manager? What kind of mortgage rates are you being quoted? Lmk those 2 things and I’ll run a couple properties for you.