Rental strength with SFH & Multifamily
Vegas is super strong for equity in homes in the long term which makes for great rental opportunities.
My Uncle & myself have developed a strong rental portfolio, finding most of our success in multi families. Although we do have some SFH's that have done fairly well especially over time, but all in all the multi-families we have are the bread & butter of our portfolio. They have provided strong cash flow and equity from the time we acquired them around 2019 & 2020.
Curious to hear about others experiences in whether you have found more opportunity in SFH or multi-families!
Most Popular Reply
#3 1031 Exchanges Contributor
- Investor
- Las Vegas, NV
For me in vegas it's been all SFR. Tenants stay a long long time, rents have skyrocketed, maintenance is almost zero, turnover is almost always covered by security deposits. I think it attracts more families that don't want to move. Might be schools, kids friends, or just the hassle.
My MN property is 1/2 of a duplex in an Hoa community of 6. I’ve owned it 7 years with the same tenants. The Hoa is $440 but the rent is $3000 going to $3600 next year.
We allow pets and that’s hasn’t been an issue.