2017 Vegas investing

[Sean Harris]

I need some insight from some people in the last Vegas area. I have posted a few times here on bigger pockets and gotten a lot of help from the community which is awesome. I was focused on San Antonio TX in search for SFR due to low costs but now I am swaying toward Las Vegas. Reasons being it's a 1 hr flight or 5 hour drive from where I live in California and we visit Vegas often, so I'm thinking why not look there since we go over there often already and houses around where I live are a minimum of 400k which leaves no room for cash flow. So I'm looking for SFRs or townhouses in the last Vegas/Henderson area for 200k or under. Any specific areas or any pros or cons as far as legality issues or taxes?

[Robert Adams]

Just a heads up, the properties that match what you have descibed currently hae a shortage of inventory and buyer demand is through the roof. Those types of properties if priced right are selling within days with multiple offers.

You will need to submit aggressive offers if you are going with MLS properties. Of you can spend time and money looking for off market deals. Low balling MLS listings right now will be a waste of time.

I hope this is helpful. Best of luck!

PS. Phil Dwyer also hosts a local meetup in the Henderson area.