I live in Orlando and would like to invest in a short term rental in Las Vegas. Local Vegas wholesalers please get in touch with me to discuss options. Under $70k and no more than 2 miles from the strip is my target price range.
You will be looking at mobile homes which probably wont allow short term rentals
In my opinion it makes sense to have vacation properties that are single-family houses and would be suitable for big groups of renters since there is a big price competition from local hotels. What do you think @Steven Picker ?
@Ilya Evgrashin absolutely single family offer the most bang for the buck but many pats of the city do not allow short term rentals and it is very regulated in Vegas
Hey guys any clue where a good area would be near the strip or Freemont?
@Christopher Vargas When you say good do you mean A,B? Because Las Vegas doesn't really work that way. You will find a few condos within 2 miles that will be nice but under 100K? Probably not. Someone correct me if I'm wrong but I can't think of anything with 2 miles of The Strip or Downtown that won't be a high-rise or condo. If you mean a good area to find properties there are quite a few where you might still be able to find something under 100K but the market for STR is very particular. Message me and we can talk more about what you're thinking.
@Christopher Vargas South up on Las Vegas Blvd has a lot of new development with many amenities near by: bus lines, shuttles, grocery stores, newer local casino with bowling, movies, restaurants. All the things that I personally believe a short term renter would want. There's a condo complex you can get a 2/2 for about $100-$110K and have seen investors rent them out fully furnished for $1400/ month. PM me if you'd like I can get you more information.
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you
Create Lasting Wealth Through Real Estate
Join the millions of people achieving financial freedom through the power of real estate investing