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Updated about 6 years ago on . Most recent reply

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13
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2
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Kuang Lee
2
Votes |
13
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Las Vegas rental income purchase

Kuang Lee
Posted

Hi, I'm new to Bigger Pockets but love the intelligent feedback on the forums. I'm looking to purchase an income property in Las Vegas at the 100K-150K cost level.  I live in the Bay Area so I could use to help from folks who know the market there well. Is this a good time to buy in Las Vegas? Would I have any problems finding renters?  Thank you for your help! 

Most Popular Reply

Account Closed
175
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Account Closed
Replied

In a better area, $100k won’t be able to purchase anything.  

With budget of $150k,  $145k can only buy a one-bed condo renting at minimum of $950 per month.  

2-bed condo cost around $165k. 

1200 sq ft townhouse cost around $220k. 

1800 sq ft single family house cost around $290k.

Rental market is still very hot, no problem at all to find good renters in a very short period of time, like in rent out in one week.  

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