Las Vegas Market for Buy and Hold

[Oscar Yap]

Anybody having rental properties in the Las Vegas area that the number make sense and work? Need advice on how you did it and Thanks in advance.

[Kurt Brauner]

I own a few rentals in Las Vegas left and all cashflow although I have sold the vast majority of my properties here over the last 2 years redeploying the capital into larger projects out of state. How did I do it, well, I bought them in 2011-2014. 

As for the whether you can find properties that cash flow, the answer is yes but as stated by Terri above they are more work than searching MLS as most are off market deals. I do have investor clients that from time to time we will find great deals on MLS but they are few and far between.

Most of our investors that are currently purchasing properties in Clark County are purchasing in cash and the mosts strategies are investing for the long term with below average COC with the expectation of appreciation in 15-25 years.