Originally posted by @Andrew Lee:
Currently looking at multiple markets to jump into within the next 6-8 months. Las Vegas came across based on the relative close distance to home (Orange County, CA) and familiarity.
Looking through the MLS and comparable rentals, there seems to be great potential in solid, cash flowing properties. I have seldom seen Vegas mentioned as a hot spot for potential investors but the numbers seem to add up.
Am I missing something?
I'm guessing you are just getting started in this, no shame about that. I only say that because if you've been around for any number of years you would have heard tons and tons and tons and tons of analysis, interest, success stories, and failures about Vegas (just search on this site). It was a huge hot spot, hence the big hit it took during the crash, then it was huge again, now it's sort of leveling out. There are a lot of guys on here, see above, who can give you the numbers and the outlook. But you haven't stumbled upon a secret. That being said depending on what you want to do their are options out there, but buy and hold is hard for traditional rentals, from my perspective the numbers just don't add up.