Is double digit cash on cash return impossible in the Vegas area?

[Mark Elkhill]

I have been talking to a few brokers in the Vegas area and they say it is almost impossible to get double digit returns on multi family property in Vegas.  Is there any truth to this?  I am moving there in the next few months and am starting to look but it doesn't sound very promising for what I am looking for.  Will be my first big deal by the way and looking at 16 units or more.  Any insight on this? Thanks.....

Be Great~!

Mark

[Robert Adams]

I agree the areas that have double digit returns on paper often times do not work out in the end due to higher vacancies, vandalism etc. Rents are still rising slowly though so that should help somewhat. However prices rising are also counter acting rising rents.