Las Vegas Newbie Investor

1 Reply

Hey 

So I finally got some money saved up, I wanted to get some Information if it is worth buying a residential income Property or if I should try to go get a vacant lot loan then try to convert it to a construction loan and start building town houses but strictly for rental income. 

1. How many units can I build on every acre in Las Vegas? 

2. Any recommendation for where to go get a loan with someone that has knowledge and knows how to get the job done? Good Lon officer or credit union? Works with vacant lots 

3. Should I even deal with a broker right away or should I shop around on websites and then look for a broker? What is reasonable rate for a broker on a deal? Any broker recommendations?

4. What types of return will I being seeing on rental properties with a loan over me? Could I build more units with equity that's built over years?

I would love all the knowledge everyone that can throw at me. I’m young and looking to build early so my passive income and portfolio grows for early retirement. 

Thanks!! 

Originally posted by @Daman Singh :

Hey 

So I finally got some money saved up, I wanted to get some Information if it is worth buying a residential income Property or if I should try to go get a vacant lot loan then try to convert it to a construction loan and start building town houses but strictly for rental income. 

1. How many units can I build on every acre in Las Vegas? 

2. Any recommendation for where to go get a loan with someone that has knowledge and knows how to get the job done? Good Lon officer or credit union? Works with vacant lots 

3. Should I even deal with a broker right away or should I shop around on websites and then look for a broker? What is reasonable rate for a broker on a deal? Any broker recommendations?

4. What types of return will I being seeing on rental properties with a loan over me? Could I build more units with equity that’s built over years?

I would love all the knowledge everyone that can throw at me. I’m young and looking to build early so my passive income and portfolio grows for early retirement. 

Thanks!! 

 Hello and welcome! Best of luck to you!!