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All Forum Posts by: Van Wang

Van Wang has started 2 posts and replied 2 times.

Post: Need your advice on house hacking in Las Vegas

Van WangPosted
  • Posts 2
  • Votes 5
  • Hi BP, I'm new to RE investing and I'm looking to start by finding a property to house-hack in Las Vegas. 
  • Background:
    • First-time home buyer
    • Up to $100k for downpayment
    • Open to explore different parts of the city or even other states
    • Open to leverage FHA or DPA
    • Willing to settle for breakeven
    • Ready to close ASAP
  • Challenge:
    • Finding a property that can fully cover the mortgage through house-hacking and breakeven or potentially cash flow in Vegas, or other no-income-tax states.
  • Request for Advice:
    • Scenario 1 - Stay in Vegas and find a property that is viable to house hack
      • How are people house-hacking in this market? Any advice or lessons learned?
      • I'd be happy to breaking even, but is it possible to house-hack and cash flow in this market?
      • Where can I find the best deals? Where can I find real estate agents who have access to off-market deals?
    • Scenario 2 - Move to another no-income-tax state to find a property that is viable to house hack
      • Which market, among the no-income-tax states, is more feasible for house hacking?
      • What else should I be thinking about if my goal is to live for free?

Post: House-hack in Las Vegas

Van WangPosted
  • Posts 2
  • Votes 5

Hi all, not sure if it's still possible but I am on the lookout for a property to house-hack here in Las Vegas, and I'm need a knowledgeable real estate agent to help me out. 

Whether it's a single-family home (SFH), a fourplex, or anything in between, I'm open to exploring various options that as long as I can live in one unit and rent out the others to offset the mortgage.

It's my first time! I would greatly appreciate any guidance or advice that anyone can provide.

Here's a bit more about my situation:

  1. Budget: I have a downpayment of $50,000 to $100,000.
  2. Timeframe: Ideally I can close within the next few months.
  3. Location: Open to considering various locations, the safer/quieter, the better. 
  4. Credit score: 750+
  5. Employment status: Employed, Full-time