All Forum Posts by: Joe Daigle

Maybe you should consider using a master lease.  

Most 4 doors are in D areas.  They could offer good cashflow if bought right.  But the other factors may overcome your cashflow—crime, D tenants and vacancies.   

Las Vegas is mostly good for SFR's. But with HOA's and there fees—that could eat your cashflow—-make most purchases good for appreciation, equity and tax benefits.

We were fortunate to buy when the market was at its low; currently it’s at an all time high.   

Good luck.  

Do the 1% rule for measuring possible cashflow, apply to every type property—single family to multi family? 
Or are there certain factors to look for to determine cashflow ability?

Mr Fernwood

Great info and thanks for providing it. 
As an investor with commercial and residential properties in Las Vegas and Clark county I find your studies to be thrilling.

 But I have reservations about what extreme population growth will do to this small valley.  I wonder if the infrastructure is in place to handle this pending growth.  Because of Nellis there’s not an ability to create a loop freeway system. And a lot of streets aren’t flow-through. With the increase in traffic—-that’s already here—this place could become an absolute nightmare for driving and pollution. 

Another thing I see is on your map of areas to buy: the northwest ( Providence/Sky Canyon and summerlin (Red Rock area) are some of the most expensive properties in this valley for an investor to seek. I live in Providence and own (2) SFR's in near Summerlin Hospital. Which I purchased 12-15 years ago. If I were to purchase those properties at current market prices, it would have to be for possible appreciation and taxation benefits. But I'm more than sure cashflow would be close to nonexistent.

I agree Las Vegas has a great future. (The “bullet train” is being built). But it’s becoming a very expensive market for small investors to invest in.  Especially with the Californians ( I’m one myself) willing to spend—-sometimes—crazy money to purchase basic housing; and Wall Street buying blocks of houses or building rentals. 

Thanks again for your research. 

Jack & Co., CPA’s Ltd

702-798-8994 office number

Ask fo Mia

They offer a quality service.  

Happy Holidays to all!

I'm new to multifamily properties and have been reading books on how to get started.  

Should invest in an educational program?

Thanks and be safe.