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How are investors making money in Las Vegas rentals?
I'm looking at houses in Las Vegas that unless you pay cash, don't cash flow at all, and in most cases are a loss. So how are people making money with rentals in Vegas on 20-25% down financed properties? Appreciation only?
I ask because I've visited the area twice recently and can't seem to find any real estate there that cash flows worth a damn, if at all.