Newbie considering 1031 into Las Vegas Commercial Property
Hi all BP Pros,
I would like to discuss investing in a Las Vegas Commercial Property for the long term. I would like to buy and hold for passive income for my retirement.
Since Las Vegas population continues to grow then that should bode well for the future.
As a starting point, I need guidance in how to evaluate properties , locations and economics in each target property.
I need a general strategy on what asset type makes the most sense long term for someone that is NOT business savvy.
Retail strip centers, Office / Medical buildings, Restaurant buildings, Gas stations, industrial office.
Of course, the Cap Rate ( income % ) is an important factor for me.
So, some thoughts on Las Vegas investments in the $1.5M-$3M range ?
What resources should I be looking into ?
How much can you depend on the Buying Broker to guide you into the right deal ?
Best, Rich