Starting out in Las Vegas

[Chii Wei Shieh]

Hi all， I am looking to get started with my buy and hold investment journey . I have done some research for past 6 months tracking MLS listing in Las Vegas and have challenge to find cash flow properties, if not cash purchase. I am also looking for investor friendly agents who also own investment properties. Thank you!

Really appreciate any feedback.

[Terry Lao]

Chii

I would guess you are looking at SFR in Las Vegas, which there are over 4k listings. All or majority of SFR will cashflow negative. You are looking at the wrong type of property. You should look at 4plexs. There are only about 70, 4plexs available only MLS. So econ 101 tells you about supply vs demand, that 4plexs would be in greater demand due to less inventory.

Also, the financing of 4plexs is similar to SFR, but considered commercial once hit 5 units. The lowest 4plex in Las Vegas is around mid 550k, and highest just under 1M. If you purchase at 550k, with 25% down, you will cashflow positive around $700 or higher, depending if you bring up to market rents of 1200 for 2 bed 2 bath.

I know because I purchased 4plexs, and closely watch the 4plexs in Las Vegas.

Terrence