Las Vegas Four-plexes

[David Beadles]

Is anyone familiar with investing in four-plexes around the Las Vegas area? I am looking to purchase my first investment property and am looking for an investor-friendly agent and some guidance. More specifically, here are some initial questions I had.

- What does the local RE community think about investing in these four-plexes? I understand that people have different investing philosophies, but many of these properties seem to produce decent cash flow.

- What would you consider the A or B neighborhoods for four-plexes? Conversely, are there any neighborhoods a new investor should absolutely avoid?

- I know that your mileage may very with property insurance, but what's an estimate for property in the $200-250k range

Thank you everyone.

David

[Troy Fisher]

@Phillip Dwyer and @Robert Adams are both good investor friendly agents in the area. In Vegas Proper there aren't many B or A places for 4Plexes. They tend to be in War Zones, which has higher cashflow and ROI, but has many more headaches. I did well on a couple of 4plexes in the area when I bought in 2010, and have one left I am always looking to sell.