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Updated over 3 years ago on . Most recent reply
New to Nevada - Markets for Multi Family Properties to House Hack
Hello Everyone,
I am a first time investor and CPA from California working to start my investing journey by investing in multi-family properties. I am considering out of state investing opportunities, and would like to explore investing opportunities in Nevada. My initial strategy is to house-hack with an FHA loan on a duplex/triplex and scale up from there on my second and third properties. I am also open to single family homes, with opportunities for appraisal on those properties. What markets in Nevada (example Las Vegas) would you recommend are the best for multi-family homes (2-4 units) in the $250- 600K range? Thank you in advance for your advice.
Most Popular Reply
Hi Bryan,
Do you plan to move to the Vegas metro? In order to use an FHA loan to buy a 2-4 family property, you have to live in one of the units.