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Updated almost 2 years ago,

User Stats

18
Posts
16
Votes
Christian Perez
  • New to Real Estate
  • Las Vegas
16
Votes |
18
Posts

Strategy/Advisor help needed for future investment in Las Vegas

Christian Perez
  • New to Real Estate
  • Las Vegas
Posted

Hello BP community, 

I'm going to give some background information to help you guys understand my current platform and where I stand. I am a travel nurse currently working in San Diego up until April. I have my primary property in Las Vegas and have had it for two years now. Currently I'm making good money and have $60,000 to invest. I'm pretty hands on and can do some renovations. I don't mind house hacking or buying an investment property. The market that I'm looking at is Las Vegas because I know the market and would benefit in investing there because I have an uncle who is a construction worker. He has been doing that his whole life so he's very efficient and knowledgeable in building houses and the foundations that go along with it. Along with my uncle, I also have my father who is a handyman himself. Again, I'm a new upcoming REI who is seeking advice. This will be my first purchase into my future real estate investing. I'm here asking for advice in what is the best decision I can currently make in order to launch my real estate investing career. I will remain a travel nurse so I can continue to have cash to invest. I understand that it is impossible to foresee the market, I'm wondering if I should hold off later into the first quarter to see how the market trends, or should I take action now house hack or buy a property with a 20% down. (I don't mind house hacking in a duplex, triplex or a quad but the neighborhoods that these properties are not the best locations). The upside that I can see is that my job requires me to work 50 miles away from my residential home as a Travel RN. In Las Vegas, the market blooms slightly better than others when everyone is doing good, but it gets hit harder than other markets due to its tourism.

1) Who do you recommend I talk to in order to make the best decision including tax strategy and property purchase?

2) Should I wait to see where the market goes?

3) Should I seek out another market that is more stable?

4) If you were in my shoes what actions would you do?

5) Should I get an LLC?

- If I'm not asking the right question, please feel free to input the questions/answers I should be asking. 

Thanks for reading to the end, hope to hear from you soon

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