Investment Info:

Condo buy & hold investment.

Purchase price: $140,000

Cash invested: $28,000

2/2 condo, ~900 sq ft

How did you find this deal and how did you negotiate it?
Found on...

I feel comfortable with the Twentynine palms area and Joshua Tree area as they seem to have good established regulations in place and being close to my home town of Las Vegas I am used to desert styles of properties and have contacts at lease kind of close.  

I have been looking into other areas like Colorado Springs, Scottsdale, Phoenix and Vegas.

This is why places like FL and Vegas were hit so hard during the economic crisis.

Just minutes away you have Gulfstream Casino, the racetrack, and Aventura Shopping Mall.

Indianapolis has been at the top of the list for many investors historically speaking dues to being a flat market (pretty much the opposite of TX right now in reactive real estate as people flock in groves from CA realizing work from home could be here to stay & want lower tax rates/cost of living) and perks like cheaper purchase price point and lower tax rates (Marion Co for example just above 1% {for comparison NJ is right around 2.49%} ).Right now TX and Vegas among other areas are really seeing some hot activity - but this is more reactive and not what a more truly flat market like Indy does.

For the last three properties I sold they were selling in one day and buyers were offering $20k to $50k more than my asking price I sold all my homes in Las Vegas and one of the reasons I sold was because the HOA's were driving me crazy with their monthly fees, complaints and fines.If you are into Bnb then sell, but it seems like a high percent if cities are banning them, or putting restrictions on them to make operating them difficult and expensive.

I live in Nevada and I found a property in Las Vegas that currently has a duplex on it.

although I have seen this as an option somehow on a main waterline replacement here in vegas. 

If you didn’t provide a washer/dryer in Vegas your property would sit on the market at least an extra 2 weeks to a month each turnover costing you $700-$1400, plus you’d get lower rent, plus you’d risk damage as these items are moved in and out.