Updated over 5 years ago on . Most recent reply
Arizona vs Las Vegas Rental investing
BP!
Hope all is well! I’m looking to invest out of state in Phoenix Area or Las Vegas. I’m currently in Cali. I want to see why you would prefer one state to the other. Vegas is a lot closer to me however I feel Phoenix is a lot more stable and growing faster.
Just want to know what some of your thoughts are.
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#2 Tax, SDIRAs & Cost Segregation Contributor
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#2 Tax, SDIRAs & Cost Segregation Contributor
- Investor
- Las Vegas, NV
I think they’re very compatible.
Also very easy to evict tennants quickly cheaply, no natural disasters, cheap flights, low maintenance newer houses.
No state income tax probably won’t effect you much if your only in AZ state income is rental properties and you deduct the depreciation you’ll probably have a loss.
I go the other way on Doug’s plenty of room to keep building and keep things affordable. We’ve got limited space to help force appreciation as people in Vegas think a 20 mile trip across town is insane. And certainly don’t want to live in the boonies.
I I have 14 rentals, In April 13 paid and one lost their business due to shut down. Finding a replacement tennant took two weeks (the longest in my 20 years) but I got $1900/mo rent up from $1600. in May all paid in full. All of this is SFR. I don't know the Phoenix Small MFR market but it's probably better than Vegas.
I don’t think you can go wrong with either one, and because you’re in Cali, they’re you’re best options. IMHO.