Condo in Las Vegas

[Mario Tavares]

Investment Info:

Condo other investment in Springfield.

Purchase price: $210,000
Cash invested: $20,000

Invested into a Condo property in Las Vegas NV. I used all my college savings for the downpayment and other fees. The property is currently being rented out. In the future, I plan on refinancing the house to buy a second property which I will house hack.

[Stephen DeThample]

The condo rents will highly depend on where it is located and how nice it is.  

$595 for a 416 sq ft. condo near the University.

up to

$5000 for a nice 5200 sq ft place at The Martin near the strip.

Can go a lot higher for something more exclusive.

The nice thing about Vegas is we always have renters. The university brings in people for the lower properties near the strip and also for high end properties throughout the city. The casino employees are a big part of the rental market as well. Poker players fill the city during The World Series of Poker and pay top dollar for "cool" properties that are close to the strip or in high end areas. Just be aware of the HOA fees for condos, they vary greatly.