Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Multi-Family and Apartment Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 6 years ago on . Most recent reply

User Stats

9
Posts
2
Votes
Devin Tang
2
Votes |
9
Posts

Help with finding deals with Multi-family

Devin Tang
Posted

Hi,

I currently live in Las Vegas and have 2 multifamily units, which do ok and are cashflow positive.  However, it is only recently that I've been taking real estate investing a lot more seriously as I've been trying to read and listen about it as much as I can.  Currently I'm interested in multi-family units between 350-500k.  However, I noticed that I'm looking at like 5-6% cap rates, (though I'm pretty conservative with my expenses), and they appear to be in warzones.  My questions would be:

1) Should I still be looking in Vegas for Multifamilies?  Or is it time to branch out to other cities?  What other cities?  

2) Should I be looking for other types of investments in Las Vegas?  Commercial (though usually out of my price range for now)?  Airbnb/Vacation homes (though there is a lot disagreement about allowing short term rentals here)?

Most Popular Reply

User Stats

3,022
Posts
3,666
Votes
Todd Dexheimer#2 Multi-Family and Apartment Investing Contributor
  • Rental Property Investor
  • St. Paul, MN
3,666
Votes |
3,022
Posts
Todd Dexheimer#2 Multi-Family and Apartment Investing Contributor
  • Rental Property Investor
  • St. Paul, MN
Replied

Look for value add multi-family and stop focusing on cap rates. Vegas is a strong market, with great job growth, population growth and still good rent affordability. 

Loading replies...