We are now in Q3, and it is a good time to check in on the Las Vegas investment market's performance for the first half.Before proceeding, note that the charts only include properties that fit the following criteria unless stated otherwise.Type: Single-familyConfiguration: 1,000 SF to 3,000 SF, 2+ bedrooms, 2+ baths, 2+ garages, minimum lot size is 3,000 SF, one or two stories.Price range: $320,000 to $475,000Location: All zip codes marked in green below have one or more of our client’s investment properties (click to enlarge).How’s the Market Doing in 2024?

Like who will manage the building, what is the collective rent, what are the taxes and insurance, is it all up to codes of the town, zoning questions, what is the as-is value - this will be very, very hard to comp and the lender will come in at the low end of the comps for sure. 

Is that strictly enforced?

I wouldn’t state any final decision on family until I talked to someone knowledgeable about Fair Housing and your local occupancy codes.

Hi AllI'm on my neighborhood association's problem properties community and we are tracking a large property in Kansas City, owned and managed by an out-of-state investor, who is delinquent on taxes and has multiple housing and health code violations.

Setting strict lease terms can also prevent issues.

Most new home communities do not allow rentals and have pretty strict guidelines for this now in DFW. 

Hey @Dan Miles - Manage strictly to the terms of the lease.

Where can I find detailed zoning information (beyond just the code, such as max building height, maximum percentage for building size, etc.)?

This is one of those complicated areas of the tax code.