Ho Eun Park
Investing in rental properties outside of CA -> NV, TX, IL
6 September 2020 | 8 replies
. - Lot more inventory to work with (flexibility)- I see many affordable homes 150k-250k range and multi unit homes around 250-400k range- Thinking of buying between or near UNLV university/ main strip so I have faculties, staff, students from the universities as well as employees from the casino/hotel- Property Tax is cheaper (but can be a con in other states).Con & other inputs: - I feel like Las Vegas have short term residence more than long term residence (most of the properties seems to be owners who are not purchasing to live but to use it as vacation home or short/long term rentals.... so many properties can be vacant and potentially allow squatters/long eviction process)- Nevada law require a "responsible" person aka landlord/property management within 60 miles - Distance (I like to buy my properties locally because I can stop by or fix something if needed either by myself or contractors that I work with/familiar with- Property Management fees since long distance - Finding a property management company that is reliable and trustworthy. - Unfamiliarity with the area/surroundings- Lower Rent compared to CA but I know I can't compare apples and Oranges (But I don't want to invest just to break even)------------------------------------------------------------------------ Tax questions ***Some state does not have tax on income(?)
Travis Raila
Out of state investors - what market did you choose and why?
19 January 2021 | 116 replies
Las Vegas Nevada - Very close to CA so I can either drive or fly short distance- No income tax- Can be maybe used for vacation rental- Low Property Taxes*** Worry is economy is heavily based on casino/hotel so if there is a downturn in the economy potentially have a lot of vacant properties in the area due to laid off/less tourist/etc *** Slight concern that I have is that I look at number of renters/landlord ratios (is it owner occupied or for investment?).
David Collier Jr
First duplex closed! Thank you Bigger Pockets and Community!
11 September 2018 | 8 replies
Ozarks is a great show, yes, but the cartel is not forcing you to build a casino so shut it off.
Christopher Petrigno
Massachusetts multi-family locations
12 September 2018 | 7 replies
The lender at my bank also said he’s starting to see more money being invested in that area and I feel there is a lot of room for growth in that city.Chelsea is a rougher area but flanked by a budding East Boston and a new casino in Medford where people with a lot more money than me are investing in.
Alexander George
I was given land near the Catskills, Upstate NY - Thoughts?
2 August 2018 | 4 replies
I also found an article noting some of the newer activities to enjoy near the area, such as a new casino, breweries, hiking and camping, and more with only about a 2 hour drive from NYC.
Frank Capaldi
Best places to invest??
1 September 2019 | 10 replies
We just saw the Rivers Casino breaking ground on a new hotel that will be accompanied by a major upcoming development called the "Esplanade" transforming Pittsburgh's North Shore.
Paul Stewart
Atlantic city Issues a story of bad luck??
15 August 2018 | 3 replies
Especially since 2 casinos opened and the college is on the horizon.
Alan Lambkin
Analysis Paralysis - I'm stuck
3 August 2018 | 17 replies
Either self manage and fire PM or sell the property or take a ride to the casinos and roll some dice, you may have better returns.
Andy Mirza
Changes to Definition of Accredited Investors
9 September 2019 | 59 replies
The same investor could then go straight to the casino with his $50k and risk it all in the poker room, blackjack table, or roulette.
Drew Y.
Its beginning to feel a lot like 2005 everywhere I look
9 June 2018 | 98 replies
We are still collecting chips rolls after rolls of dice in a red hot casino crap table.