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Updated about 1 year ago, 09/29/2023
1st timer, eyeing down Las Vegas area
I am not totally sure if I am set in stone regarding this strategy in Las Vegas, however I did pinpoint this city and area as I frequently visit from California multiple times per year.
I genuinely enjoy my time in Las Vegas and at this point, I believe its time for me and my brother (investing partner) to consider buying a property in the LV area.
We are considering the mid term rental strategy in this area given there are multiple hospitals, military personnel, and the continuous growth in construction.
We are a little apprehensive regarding this strategy as there is limited information available regarding the strategy and the area. We will also not be ready till summer of 2024.
I also want to ensure this property is not marketed as an STR as I am sure it gets very complicated in this area.
What are some major considerations when looking into this strategy in the Las Vegas area? I understand needing to be near hospitals and universities, however what are some additional thoughts I should be having?