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Updated over 5 years ago,
Las Vegas Newbie Investor
Hey
So I finally got some money saved up, I wanted to get some Information if it is worth buying a residential income Property or if I should try to go get a vacant lot loan then try to convert it to a construction loan and start building town houses but strictly for rental income.
1. How many units can I build on every acre in Las Vegas?
2. Any recommendation for where to go get a loan with someone that has knowledge and knows how to get the job done? Good Lon officer or credit union? Works with vacant lots
3. Should I even deal with a broker right away or should I shop around on websites and then look for a broker? What is reasonable rate for a broker on a deal? Any broker recommendations?
4. What types of return will I being seeing on rental properties with a loan over me? Could I build more units with equity that’s built over years?
I would love all the knowledge everyone that can throw at me. I’m young and looking to build early so my passive income and portfolio grows for early retirement.
Thanks!!