HELP! - Can't find my first property!!

5 Replies

I live in Vegas and I want to invest near my house.  I am looking for a condo or house under 200K I can rent out and pull in atleast 250-300 a month net profit of cash flow.  I would like a nicer neighborhood.  I would put down %20 on a conventional loan.

I have been reading and learning everything I can about real estate for the past 2 years and finally built up the courage to buy something about 3 months ago.  But I just cant find anything here!! I am really searching daily for a decent deal where I can make somewhat of cash flow, and get my feet wet in the real estate world.  I know once I get started I will learn fast and do well for myself-but if I buy something and I get messed over somehow, or end up not having cash flow, I will be too hesitant to get further into real estate.  I am not sure if it is Vegas, me, or investment properties in general nowadays, but I just cant find something!!!

Is there anyone with experience in Vegas that can offer some advice, guidance, (or properties :-) ) to help me find my first REI property?? Or anyone anywhere on BP that can help??

(BTW I live in South Summerlin and would prefer to buy my first property within a few miles of my house)

Thanks in advance to any help!!!

summerlin and south summerlin tend to be around 250-500k for properties.. You might want to drive for dollars and find a discressed property. 

Most will rent for 1200-1800.

Still under 1% 

Originally posted by @Brandyn Duff:

summerlin and south summerlin tend to be around 250-500k for properties.. You might want to drive for dollars and find a discressed property. 

Most will rent for 1200-1800.

Still under 1% 

Thanks Brandyn! Your mostly right. But There are patches of area for small 3 bedrooms SFR are around 200 and codos are from 80-215

Id go up to 250 it the rent went up proportionally.

There are plenty of condos and homes between 100-200 Checkout the Southwest area code 89113 

7700 HAMPTON PARK LnLas Vegas, NV 89113 $152,000HOA Dues: $50/mo.

2

Beds

2.5

Baths

1,237 Sq. Ft.$123 / Sq. Ft.

Built: 2005 Lot Size: 1,742 Sq. Ft. On Redfin: 129 days

Status: Exclusive Right

Exclusive Right

This home is listed as "exclusive right," and is available for sale. The seller's broker will receive a commission from the seller, regardless of who brings the buyer into the purchase.

More Info

thanks steven!  But that area is not summerlin.  I dont know the area very well.  Lower class? Upper class? Appreciation rate in that area? Rental rates?

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