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Updated almost 4 years ago,
First rental property in Las Vegas
Hello,
My name is alejandro and I live in las vegas. I am looking to at some point in the future soon to buy a rental property. This would be my first anything from a duplex to triplex and using an fha loan since it would be my first property where i would move in as well there. Considering the hot market here, how many properties do you actually see on the market for this specific type. Considering the market prices, I am not sure if i would even be approved for a loan big enough for one of these properties. I currently have a salary of 40,000 and been saving heavily. I have used online loan calculators and been researching for properties and it has not left me with much optimism. What do you suggest I do?