Now, I'm proud to say that I own multiple apartment buildings, and I'm enjoying the financial freedom that comes with it.What I Bring to the Forum:Experience: Over 15 years in the real estate industry, with a focus on flipping houses and investing in apartment complexes.Knowledge: Expertise in value-add properties, seller financing, and leveraging equity for growth.Passion: A genuine desire to help others achieve financial security and freedom through real estate investing.What I’m Looking For:Connections: Building relationships with like-minded individuals who are passionate about real estate.Learning: Staying updated with the latest trends, strategies, and insights in real estate investing.Sharing: Offering advice, sharing my journey, and learning from the experiences of others.If you're ever interested in discussing strategies, sharing experiences, or need any advice, feel free to reach out.

A trend we'll keep an eye out for is the gap between median asking prices and median sale prices.

However, the outlook for 2025 remains optimistic, with expected price appreciation, continued demand, and strong job and population growth in the Las Vegas area.Market Trends 2021-2025From November 2021 to May 2022, median prices for townhomes and condos in Las Vegas increased by 18.8%, from $240,000 to over $285,000, reaching a peak of $287,000 in August 2023.

No new space was completed during the quarter, compared to 8,000 square feet delivered in Q4 2023.Net absorption was negative in Q1 at -19,000 square feet, reversing the positive trend seen in previous quarters.

The listings were not found on the MLS, and I think i had to basically call and 800 number to coordinate the showing which was slightly interesting since they didn't / couldn't have MLS lockboxes (in NJ we have electronic/satellite tracked boxes).So, Redfin still believes that their "national call center of salary agents" with "pay the showings local agents" is better, not sure in what sense (probably for THEIR profit margins), than the current system.This continued trend to non-person-to-person transaction system might appeal to the younger generations, but I think they will find it lacking if given the chance. 

It's not unusual to see 3/1 and 4/1 Section 8 properties but that single bathroom would not do well as an MTR.Overall, I'd say location and the shape of the property is going to be your key driver and the factors that will make or break you in the MTR space so very carefully evaluate both before you make your decision. 

Still you’ll need to fix any plumbing, electrical, door etc type issues which likely are in bad shape.

There was so much appreciation during the pandemic that it will take years to settle back in line with long term trends.

I later heard but never exactly why, that the place was an absolute money pit and the buyer, who was very experienced, regretted buying it big time.It is interesting, but I ALWAYS do at least a bit of research on the prior owners and have found few "hard luck" stories, at least as far as either higher or high priced single fams go, they're by far the same story where the owner makes the financial decision to walk away, mainly due to the insane HELOC's etc they were giving out, like 125% of home's current value back in like 2006, so now they'll owe literally like $750k on a home that IF in great shape would at best fetch $500k, PLUS they trashed or semi-trashed the place, so they'd be really lucky to get $400k as is and often they may be business owners or whatever and have a relationship with a local bank who will then know "the whole story" behind the big hit they take to their credit score and not treat it nearly as harshly as the average Joe, who's practically banned from even entering the bank for years!

So, to be of any help to these people, we need to help them understand that (1) wholesaling is NOT investing, in any way shape or form.