Is anyone building spec homes in Las Vegas?
I see that the market is dominated by national builders, but there are also buildable lots around and parcels that can be split into multiple lots. I was building specs in FL and I am wondering if anyone is building here in Vegas and is willing to chat.
#3 1031 Exchanges Contributor
- Investor
- Las Vegas, NV
Probably your easiest course would be to have a realtor search the MLS for new houses for sale and I think you'll find two kinds of listings 20-50 in a group and 1-4 "singles" I know there were some small builders far west (Just inside 215) between Cheyenne and Craig. Lots of single stories with 3 cars garages. The kind of properties I was looking for at the time btu the location didn't work for me.
I looked at some larger lots in Henderson that had views and some other lots scattered around the valley that I could split. I'm looking to build a few at a time and was wondering if any other investors are building here.
#3 1031 Exchanges Contributor
- Investor
- Las Vegas, NV
Many of our bigger lots come from the BLM auctions. You could look in to those if you’re looking for a bigger than average splittable lot.