Visiting Greater Vegas Area in May - Looking to Connect

Las Vegas, Nevada
General Real Estate Investing
1yFollow

Visiting Greater Vegas Area in May - Looking to Connect

Shanna C.
Member since 2024 · 7 posts · 3 votes

Hey BP community!

I’m new to real estate investing and excited to say I’ll be visiting Las Vegas in mid-May. Since I’m still learning the ropes, I’d love to meet some local real estate agents and fellow investors while I’m there.

I’m hoping to get a better feel for the greater Vegas market, hear about what’s working (and what’s not), and maybe even check out a few properties if anyone’s up for it. Whether you’re an agent who works with out-of-town buyers or an investor who’s been around the block, I’d really appreciate any advice, stories, or just a friendly chat over coffee.

If you’re around and interested, please drop me a message or reply here-I’d love to connect!

Thanks so much, and looking forward to meeting some of you!

Shanna

0Reply
14 views

3 Replies

Jump to latestLatest
  • Young Yim
    Investor · Kirkland, WA · Member since 2021 · 9 posts · 7 votes
    1y

    Hi Shanna,

    I used @Eric Fernwood's services as an out-of-state investor and had a good experience. 

    I go to Vegas every few months for work, but also wanted a community of investors in Vegas to hear about what's working/not-working. If you ever find anything good please let me know too.

    Cheers,

    Young

    0Reply
  • Eric FernwoodBusiness Member
    Realtor · Las Vegas, NV · Member since 2014 · 992 posts · 1k+ votes
    1y

    Thank you @Young Yim, for your kind words. It was a pleasure working with you.

    Hello @Shanna C.,

    For long-term investors, Las Vegas has many advantages. I will list some here.

    • Land shortage. Las Vegas is surrounded by federal land and has severe growth constraints. Currently, Las Vegas has only about 16,000 acres left in the entire metro area. And, there is no way to significantly increase privately held land, largely due to natural barriers and existing land use. This creates a perfect storm: a continuously increasing population combined with the inability to add new inventory will inevitably lead to significant and sustained increases in both prices and rents.
    • Job growth - A rental property is no better than the jobs around it. Businesses, large and small, continuously set up operations in Las Vegas. There are currently $28.3B worth of projects underway or planned. That's a huge amount of money pouring into a relatively small city like Las Vegas. All this development will create thousands of additional jobs, continuing to attract people to move to Las Vegas.
    • Pro landlord environment. Evictions in Las Vegas usually take 17 to 35 days and cost about $300. The result is that tenants know if they don't pay the rent, they are going to be out on the street. Therefore, evictions are not common because people are aware of the consequences of not paying.
    • Crime reduction - Las Vegas is becoming the SAFEST City in America. This is part of why businesses and people are attracted to Las Vegas.

    The combination of rapid population growth, limited land, and job growth is driving sustained appreciation and rent growth, making Las Vegas an attractive market for investors seeking high returns.

    If you would like to chat for more details, please DM me.

    [email protected]702-358-8884
    FERNWOOD Team, KW VIP Realty520 Reviews
    WebsiteView Page
    0Reply
  • Shanna C.
    OP
    Member since 2024 · 7 posts · 3 votes
    1y

    Thanks so much @Young Yim. Yes, I'll will report back!

    Hi @Eric Fernwood,

    Thanks for the super thorough rundown - you don’t have to convince me twice!

    Honestly, it was exactly these factors that got me interested in the greater Vegas area in the first place. I’ve been deep-diving into research and your summary just reinforces why it’s such a compelling market.
    I actually didn’t realize how tight the land constraints are around Vegas, or that it’s becoming one of the safest cities. That’s really encouraging and adds to the appeal.

    I saw your DM - will continue the convo there!

    1Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free