Buying In Las Vegas

[Luc M.]

Thanks mostly to the information and motivation stemming from this forum, I have purchased a rental house in Central Florida and am under contract for two additional homes. I will look to be adding more homes in Florida but my question today is regarding Las Vegas.

Can anyone recommend any good real estate brokers in Las Vegas that deal with out of town investors and does anyone have any good recommendations for property managers. I've had good experiences so far with my current PM in FL and I would love to be able to replicate that experience in another market. I know that Las Vegas is a tough market right now w/r/t supply, but I think it may not be too late to get some homes in that market for a buy and hold investor. I have to think that banks will figure out a way to accelerate foreclosures again so hopefully supply will be coming back to that market. I am a cash investor and am looking for long term rental properties (SFRs, not condos).

[Phillip Dwyer]

Hello Luc,

As you mentioned in your post, inventory is getting very tight. As a result, it's quite competitive in our market right now. That said, it's still possible to acquire property. You'll just have to cast the line several times to catch a bite. You'll likely have to play with short sales as well. Decide on a price range, pick a neighborhood(s), and start doing some research. Feel free to contact me if you have questions. Good luck!