House Hacking in Las Vegas

[Nate Vil]

Hi everyone, prospective newbie investor here. I'm from Las Vegas and I'm set on house-hacking as my first venture. I took a peek on the MLS and various sites (zillow, realtor.com, etc.) and found that multiunit complexes weren't in the most desirable part of town (mainly in downtown or eastside). Ideally I'd like to find a place in Henderson, Enterprise, or Summerlin area. Am I overlooking any part of town that offers duplexes and triplexes? Or are new/recent duplex and triplex developments not common in Vegas?

Please forgive my ignorance in the matter, real estate excites me and I'm willing to learn. I've already reached out to some real estate agents, but would like to hear your thoughts. Anything is appreciated, thank you.

[Casey Powers]

@Nate Vil

In addition to what Spencer pointed out, a problem with the small multis here is the tenants they attract. It IS possible to get good tenants in these units, but it is a ton more work. For every any vacancy I advertise, I'll get HUNDREDS of responses for the low rent apts, vs maybe 10-20 on a SFR to get it rented. On the low rent apt, 90% can't pass my screening. Compared to closer to half can pass my screening on the SFR.

And believe me, you don’t want the problems that come with improperly screened tenants. That gets expensive.

Sifting through hundreds of tenant responses to find a few passable applicants is a lot of work.