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For a more in-depth view of the Las Vegas investment market, DM me for a link to our blog site which contains more information on investing in general and investing in Las Vegas in particular.Before I continue, note that the charts only include properties that match the following profile, unless otherwise noted.Type: Single-familyConfiguration: 1,000 SF to 3,000 SF, 2+ bedrooms, 2+ baths, 2+ garage, minimum lot size is 3,000 SF.Price range: $320,000 to $475,000Location: All zip codes marked in green below have one or more of our client’s investment properties.What we are seeing:The chart below is from the MLS and includes all property types and price ranges.We're observing the typical seasonal slowdown in prices and inventory that starts in July because fewer people are buying properties and moving as school resumes in mid-August.Rental Market TrendsThe charts below are only relevant to the property profile that we target.Rentals - Median $/SF by MonthRents had a slight drop MoM ($1.19/SF vs $1.20/SF).

There is a lot more that goes into taxes but that is just a start.

To invest in a house hack, consider income consistency, minimum monthly income, emergency fund, extra savings, debt-to-income ratio (DTI), financing options, stabilizing income streams, starting small, and rental income consideration.

What would you suggest should be the first five steps for someone starting out? 

PMSes have become much more popular over the few years and every OTA has started to open an STR option.

Though this is a very hands on and almost a full time gig, especially when you start adding more and more doors to the equation. 

We’re just starting out so we don’t have a huge network, but think we can leverage 203kcontractors.com as a good starting place since this is a similar type of loan.

After months of being told to wait(Issue started in April 2024) by rent redi, I finally found an agent that would escalate it to their backend payment processor(Propay). 

They are a good way to get started.