All Forum Posts by: Stephen DeThample

Quote from @Bill B.:

I wouldn't purchase a STR property anywhere it wouldn't work as a MTR or LTR unless its local economy is based on STR. It could EASILY be outlawed the next day with no grandfathering. I don't believe any jurisdiction is getting more lax on STR regulation. In Las Vegas they decided it has to be away form others, have sound monitoring equipment, ban parties, AND it has to be your primary home that you live in WHILE it's rented out . (No whole house rentals.)

Absolutely! 

Have multiple backup plans for any investment. 

Sorry to hear that, but appreciate the post. 

You may have to look into mid term rentals or rent by the room to cash flow. LTRs that cash flow at the current rates are hard to find. 

People love Vegas and it continues to bring new businesses (Hollywood 2.0) and sports teams, just look into different investment strategies. 

Unfortunately Las Vegas is going to be only condos in that price range. 

I guess it depends on if you think home prices will continue to go up over the next two years or not.  If you find something you picture yourself living in, then you might want to grab it. 

If you have any Las Vegas questions, let me know  

Welcome to BiggerPockets! 

It’s all in the numbers, don’t be swayed by feelings. It’s ok if you choose to buy something that is not quite perfect, as long as you decide it’s what you want. 

Good Luck 🍀 

SW Las Vegas is great. Send me a DM with the address, I’d like to see it. 

Quote from @Ryan Siebert:

As an active cyclist and triathlete, I am looking at places that are cycling and outdoor sports destinations to cater a rental to athletes. Some places I am looking at include Flagstaff, Pigeon Forge, and Las Vegas.

I am hoping to use this site to build connections in those areas to get "boots on the ground" information and support to find the best location.

Thank you all for replying to my post.

Hi, Las Vegas is great for athletes ( climbers, biking, hiking). Cycling the red rock loop. I mountain bike in multiple areas. STRs in Las Vegas are not as easy. 

You can do MTRs with 30+ day stays much easier. 

If you have any questions, reach out and I’ll be happy to answer any questions you have. 

Use the short term rental calculator on BiggerPockets to help you compare properties. 

Here is the CPA  who did mine. 

CPA

He is good with real estate issues.