Las Vegas Cash Flow - 2017

[Andrew Lee]

Currently looking at multiple markets to jump into within the next 6-8 months. Las Vegas came across based on the relative close distance to home (Orange County, CA) and familiarity. Looking through the MLS and comparable rentals, there seems to be great potential in solid, cash flowing properties. I have seldom seen Vegas mentioned as a hot spot for potential investors but the numbers seem to add up. Am I missing something?

[Jay Hinrichs]

@Alexander Felice  I am not advocating markets as I tend to be market agnostic when it comes to the rental business except Texas not keen on holding rentals when you live out of state in that state.

but I think what some may like about Vegas is

1. ease of exterior maintenance compared to other parts of the country.  especially yards etc.  no snow removal. no frost damage wind and water damage to a minimum.

2. foundation issues are minimal compared to some markets.. think Texas  :(

3. easy day drive from socal  so that's nice

4. compared to some areas property tax's not bad  again think uber high tax's In a market like Texas and or Memphis

5. if your going to own rentals and go look at it much more fun to go to Vegas than many other markets..

again just thinking of the positives.. each market has it share of them.. I really don't know the numbers.. as I am an appreciation investor.. but if the cash flow say 4 to 6 % consistently without damage from the elements or tenants and have low taxs and such not a bad choice for someone in socal.