Rental Property Investor · San Francisco, CA · Member since 2019 · 8 posts · 3 votes
I was thinking about investing in the Las Vegas market. Is there anyone still investing in Las Vegas at this time? What are your thoughts of the future of the Las Vegas housing market? For the investors who currently own rental properties there, are you planning on adding more to your inventory?
Any thoughts or opinions would be much appreciated!
I wholesale in Vegas and our deals are moving to cash buyers pretty well for the past month or so. When COVID 1st hit there was a definite drop in buyer activity but once the state reopened it’s pretty much business as usual for us. It might be short lived so we’re getting it while it’s hot.
I think the future outlook for Vegas is that a recession is coming. Our main industry is entertainment & hospitality. A ton of people lost their jobs and it doesn’t look like most of them will be getting their jobs back anytime soon. And I don’t foresee people traveling here for vacations & dumping their spare cash Into the market either.
Good thing is the recession with create a lot of opportunities.
I don’t own any rentals here so I can’t speak on that.
The whole country is going bankrupt. We're printing insane amounts of money that are causing hyperinflation (see your food prices lately?), and if we stop, we get food riots.