Newbie from Las Vegas - Hey BP Family!!

[Michael Bailey]

Hey BP Community,

Thank you for taking the time to check out my post.

My wife & I are new to Las Vegas, we are both former accountants from NY.

We’ve always wished about investing in REAL ESTATE & read books about it for years but we recently moved to Las Vegas for a new beginning & to FINALLY stop all the wishing and start doing.

We’re not exactly sure what direction we want to take but our GOAL is to own our first rental property before the end of 2018 (Single or Multi).

Anyone in the Vegas area (or out of it) willing to offer any advice to a young couple getting into real estate? We would appreciate it all. We just want connect with like-minded individuals to share some good energy / ideas with.

A HUGE THANK YOU TO YOU ALL!

[Bill B.]

@Michael Bailey

Don’t worry Michael.

Linda forgot it’s 25%-28% of your Income when you’re buying and 25% when you’re renting, never 20%. She also forgot that half the houses are less than the median price. And then when she accidentally said houses have tripled when she meant doubled, and forgot to mention they are still 20% less than they were 10 years ago ($340k) maybe that’s where she go the 20% from. 

I’m not quite sure why houses being more affordable to buy would be a good thing for a landlord anyway, but either way. You’ll find plenty of people just pop in to your life with a don’t do that, or you can’t do that and ZERO help, just ignore them and keep on moving forward. 

I have literally shown 100 people what I’ve done, maybe 3 people wanted to hear more, and one might have bought the fourplex he lives in because of me, or because he didn’t want to move, I’m not sure which. We live in a world where the media celebrates the lottery winner instead of the business man/woman.