Cash Flowing Properties in North Las Vegas, NV
I am an agent in Las Vegas and I recently came across a few townhomes in North Las Vegas that appear to be solid cash-flowing properties that will meet the 1% rule and maybe even a little better. I pitched it to my list of investors (not a long list!) and everyone wants flips, not buy-and-holds. The owner is asking $180K and the most recent model match rented out for $1800. I see some serious potential here! And if it's a bad deal I would also love some feedback as to why!
Most Popular Reply
Stephanie,
This market in vegas has been changing rapidly whether it be up or down, investors are leaning towards flipping more just with the uncertainty of where the market goes. So investors want to gear towards the quick flip & cash out.
There has been such a heavy influx of people moving to vegas, as it is top 5 cities for growth in the U.S. currently, which does bring lots of value to the market in vegas itself, but with all the inflation/feds raising rates it makes things a bit more uncertain.
Properties in vegas are not bad thing for buy & hold though, being that long term this city has exponential growth & influx coming to it.
Hope that helps,