Investing in Las Vegas, please help.

[Victor Kang]

Hello real estate gurus

I was thinking of doing some REI in Las Vegas. I currently live in Los Angeles CA and as many of you know, Los Angeles is pretty much out of the question when it comes to real estate deals. I'm currently looking into the Las Vegas territory, however, I know nothing about that market. I have about 200,000 dollars I can use to invest and with that money, I can go a long way, especially in Vegas. So my question is, can anybody tell me the buildings A, B,C in Las Vegas? What area is good to invest in? I'm either looking to do the BRRRR strategy or just buy properties and hold. I was told the new seasoning wait time is 6 months for the BRRRR strategy, is this true?

Another question - if you had 200,000 to invest in Las Vegas, which route would you take? I would like your input.

Thank you!

[Christopher Brainard]

Hi @Victor Kang and welcome to BP.

Unfortunately, Vegas is a very difficult place to generalize in and I'm not going to attempt to give you anything deeper than Summerlin/Henderson are generally better than Vegas/N. Vegas. If you're serious about investing in Las Vegas, you need to find yourself a local team to assist you. I would discourage anyone investing without knowing the lay of the land. As for what we are doing, we are currently focused on flips in the $200k-$300k area and condos in the $80k-$100k area.

The seasoning period is based on your lender, no more, no less.

-Christopher