Thoughts on any up and coming areas in Vegas?

[Tom Chang]

Looking for small multifamily and I’m not too familiar with the areas outside of the strip and downtown. Mountains edge looks nice. Thanks!

[Bill B.]

@Tom Chang

I’ve invested north of 95, west of 15, and all but 2 properties are inside the 215 loop. 

But these were the new/desirable areas back when I started 15-20 years ago. 

There’s been massive building north of 215 around the 95. But you don’t get much of a discount for going that far out of town like you used too. 

I’m really not very knowledgeable about the explosion of new houses in the southwest. 

Ps. This isn’t California. $300k will buy a very decent house (2000+ sf 4/2 2x garage+) in a “decent” neighborhood. (The only areas I really avoid are east of 15 (near Nellis) or strip adjacent. $400k will buy you nice house with tenants that TEND to stay longer and be less “needy” in a nice neighborhood but probably a lower return. 

If you’re in town and want to talk over a burger or pizza sometime hit me up. I love to talk real estate.