Getting 20% ROI on a $100,000 3+2 in upscale Las Vegas neighborhood.

Team in Las Vegas going full speed so I plan to go back and forth quite a bit in the next few years.

Hello.In my attempt to find a local REI club, in hopes of some networking, found a group on meetup.com for Las vegas.

I'm actually moving out to Vegas in two weeks, is that in the breadth of the company you work for? 

There should be some in Las Vegas I imagine.

HI BP community, I have called several banks  and credit unions to get a HELOC for my investment property in Las Vegas , NV  but until this day I have not found a lending company/ institution  to help me with this ordeal.

It feels a bit like winning a big hand in Vegas and knowing when to walk away and when to keep playing.

Hi @Kevin Wiley...I'm not familiar with your FL market but if it is a strong sellers market there like it in the markets I invest in (Las Vegas & San Diego) then using a 80% ARV calculation is pretty normal.  

We are not considering Boom-Bust states like CA, FL, AZ or NV..well, Vegas is back on our radar because the Raiders and the new NHL team (the Knights) are coming into town.

With 12 properties (vegas tile roofs so almost never expensive fix) and a cash flow of about $7500 I use a credit card for any “major” repair ($1,000 water heater, $2500 ac unit, $5000 main water line leak) so I’ve gone almost 20 years with no “reserves”.