First Post: Getting a feeler f/Las Vegas Market

[Dante Gibson]

Making a post to see what the multi-fam market out here in Las Vegas is like. Is it pretty active or does it seem like the market for good deals is dried up? My focus is turn keys, however I'm open to properties which need some work to get up to 100%. I see people usually ask what others goals/priorities are, so I will state that mine is cash flow. Not worried about scaling up to X amount of properties or units or going after value add situations. Just looking for cash flow to cover life expenses and take advantage of the RE vehicle. If Vegas sounds like a city that fits my description or if anybody has any helpful info it would be much appreciated! 

[Brian Walters]

Within Vegas itself, if you are going for multi family, you are in some of the tougher areas of town.  From everything I have read it can work, but there is added risk, lower rents, and lower credit scores of tenants.  

People obviously do it, but know what you're getting in to and make sure that's what you want.