As elections get closer we will likely see consumer confidence start to become more uncertain due to the political climate and then resume again after elections are finalized.ibuyers and hedge funds are also ramping up acquisitions which is further pushing demand and lack of affordability.If/when the Feds do lower rates we will see a temporary improvement in affordability, however we do expect that small window to close quickly as lower rates will bring a lot of pent up demand back into the market which will push home values higher and cause affordability to worsen.With all factors considered here in the local Las Vegas and Henderson market we are encouraging buyers to buy sooner rather than later while they can get lower prices and seller concessions and then if needed refi later when rates come down and they have more equity.

After 40 + years in real estate, I have seen the guru industry grow from a few guys teaching others about their own success (by way of $99 seminars, $249 for “books and tapes” ) to $40,000 full mentoring programs with enrollees being mentored by “operations” personnel (who may no experience whatsoever) with marketing programs put together by one of 5 firms located in Las Vegas or Salt Lake City.  

Detroit, Las Vegas, much of Arizona were some of the hardest hit.  

. 🏟️ Las Vegas Raiders rank last in attendance among NFL teams, with Allegiant Stadium averaging 62,190 attendees, second lowest after the Chicago Bears.

His ex wife (also on the show) introduced him, and then inexplicably told that they had lost all their money trying to fix and flip when the economy went bad, that they filed bankruptcy, that her husband went into a state of depression and refused to look for a job or even leave the house for three months, that she contacted an old “mentor” of his in Las Vegas, that she got him to go with her to Vegas, and that this mentor had set up the program, marketing etc that he was about to pitch.

This property has more cash flow than the Las Vegas property.

I contacted las Vegas business licensing ,  las Vegas secretary of state, las Vegas BBB , & Nevada division of lending to see if they have a license to do lending here or in any other state and they do NOT. 

The best time to plant a tree is 10 years ago.

It is a plus in desert areas like Las Vegas or Phoenix?  

I'm considering diverse options for reinvesting the proceeds ($200k+) from a planned 1031 exchange and am open to various strategies:Las Vegas/Reno: These markets offer potential for both cash flow and appreciation, but I'd need more information on their suitability for mid-term rentals and current market conditions.BRRR strategy: This approach could be attractive for value creation, but I'm hesitant about out-of-state management and require a turnkey or experienced team to handle renovations.Other locations: I'm open to exploring other markets offering favorable investment opportunities, particularly turnkey properties or areas with manageable maintenance requirements.My preferences:Turnkey properties: Minimize management headaches and focus on cash flow.Limited appreciation: While some appreciation is welcome, cash flow is the primary priority.Shorter-term rentals: While Airbnb isn't an option in my current area, I'm open to exploring short-term rentals in other markets.Avoidance of major renovations: My recent experience has solidified my preference for well-maintained properties.Current portfolio:3 duplexes in Missouri (mixed performance)1 single-family home in Memphis, TN (turnkey, positive experience)Questions for the community:What are your thoughts on Las Vegas and Reno as potential investment destinations?