Why no one is investing in Nevada (except for LV) ??

[Jack Zhuang]

I live in North Cal and have been looking for MF investments in my area. After a few weeks of networking and reading on the forums, I found the cap rates and IRR in metro cities in North Cal are not so attractive so I decided to expand my search to Nevada. To my surprise, these are not a lot of discussions about NV market in general except for Las Vegas.

I’m wondering if the secondary or tertiary markets in NV are worth investing right now. What makes the NV markets unique and attractive to small investors? I appreciate if anyone can pitch in their ideas.

- Jack

[Cary Crites]

Hi Jack, just seeing this. Phillip is right that multifamily investing in Nevada groups around the Reno and Vegas areas. Northern Nevada has a load of investment coming into the region but at the larger level of development. 

Housing is thin. Demand is high. Housing prices are at record heights, but wages remain low. Cap rates are hovering just over 5%, with cashflowing opportunities difficult to find. For those comfortable to speculate on continued appreciation in an already record-setting market, there's plenty to choose from 🤓👍🏽