All Forum Posts by: Aaron Villa

I really appreciate all of you for your inputs! I have already learned a lot just by reading your responses :)

I will definitely reconsider the markets here in Las Vegas. And yes it makes sense to invest in my city especially if i am going to do rehab. But my ultimate goal is to hold long term, have cash flow and appreciation. Maybe buy 2-3 multifamily and sell in the future to buy bigger apartment complex. Will definitely find properties worth rehabing and holding it long term. 20-30% dp is what i will do to have that extra cash on hand in case i need to do some maintenance and of course repairs.

Anybody knows the average cap rate in Las Vegas? And area code for Class B multifamily properties?

Hello,

I’m a new real estate investor looking into multifamily investing. I’m willing to  invest roughly $300k. I currently reside in Las Vegas but don’t really see much multifamily buildings around (most of them are very old and beat up). This made me think of investing somewhere else. I would like to ask for your advice. I know it’s hard to invest in a different state especially for beginners but I also don’t mind hiring a property manager. If you have that much capital, what would you do? Invest it in one small apartment or buy two fourplexes? And where would be the best place to invest especially with people moving around (factoring unemployment rates etc.). Doing some research i found out that Austin, TX and North Carolina are one of the best places to invest in. But i want to hear your thoughts