Where to Invest in Las Vegas?
5 Replies
Noelani Neil
New to Real Estate from Las Vegas, NV
posted over 3 years ago
My name is Noelani and I am fairly new to Bigger Pockets. My boyfriend has raved about the site for months until I finally noticed how beneficial this could be for our lives. He bought me the Rental Property Investing book by Brandon Turner and I couldn't put it down. I haven't even finished it because I'm so ready and excited for this opportunity! I live in Las Vegas and am not sure where to begin. Does anyone in Vegas or anywhere else have any advice for a new comer in this profession?
Aaron Hunt
from All Over, USA
replied over 3 years ago
Summerlin. Only Summerlin.
Noelani Neil
New to Real Estate from Las Vegas, NV
replied over 3 years ago
Aaron, thank you for your reply! If you don't mind me asking, is there a reason you say only Summerlin? I am new and don't have much money to begin with and I know that area tends to be in the higher price range. Just curious.
Terry Lao
Professional from Anaheim, California
replied over 3 years ago
read below post and become enlightened.
Terry
Noelani Neil
New to Real Estate from Las Vegas, NV
replied over 3 years ago
@Terry Lao , thank you for the article! Its very helpful!
Terry Lao
Professional from Anaheim, California
replied over 3 years ago
Have you narrowed your type of property? like SFR, condo/townhome, or multi-units (1-4) ? Each type has its pros and cons. If you are a beginner, and not much money, and you currently rent, then the best house hack would be to buy multi-units (1-4), and live in one unit. This way you can use FHA, and only requires 3.5% down, and use the rents from other units to pay for your mortgage. Living in one of the units will also give you first hand experience for repairs and maintenance.
Next question, when you say not much money, how much? because this will narrow your ability to buy one, two, three, or four units.
Terry
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