Condotels in Las Vegas

[Jaideep Sawhney]

Hello, we are real estate investors (4 SFR currently) and we live in SoCal. We are looking to purchase a condotel in Las Vegas. We are looking at a condotel in 'The Platinum' for about $130,000 and one in 'Signature MGM' for about $225,000.

Are these a good idea? If yes, which one should we look at? Do you think we can make money now that Vegas is opening up? How do these resale if we want to sell in a few years? Any feedback is appreciated.

Thanks - Jaideep