Investing in Las Vegas

[Iris Sullivan]

My sister and I are looking at a few fourplexes in Las Vegas, NV to buy as rental investment properties. Does anyone know much about the Las Vegas market? We've done some research and looks like a few could be cashflow positive right away. Would love some opinions on this!

[Shawn Barga]

Hi there. I myself am looking for a multi-plex here in Las Vegas, and it would depend on what you consider as being able to cash flow. I have personally ran the numbers on well over 100 multi unit properties here in Las Vegas, and if you are going to be using FHA or Conventional Financing with 3.5% to 5% down, at their present asking prices not even one will cash flow. If you pay all cash anything will cash flow. Anything really in good shape in a decent area all cash buyers are buying those up quickly. If you buy in the higher crime areas you will still have to offer at least 75% of the offering price in order to cash flow. That is based on what I have personally seen the last couple months. Feel free to contact me back @shawnbarga and good luck