Possible Las Vegas Multi-family Investing in 2017

[DENHAM GALLIMORE]

Hello everyone! 

I am currently looking at the possibility of moving back to Las Vegas early next year and buying my first multifamily property and possibly house hacking. i use to lived in Vegas from 2011 to 2014 before moving to MD and im pretty familiar with the area. This would be my first property (first time home buyer) and I have been researching for a while now. I know that the NE Vegas has a ton of Multi-family properties but they aren't in the best neighborhood, especially when trying to house hack. I saw on here where a lot of people recommended getting the higher value properties but there's not a lot out there. I would love to hear from the local multifamily investors on what worked.  Feedback and advise is always welcomed! 

Thanks in advance! 

Denham 

[Louis Davis]

@DENHAM GALLIMORE I am a local wholesaler here in Las Vegas and have dealt with many different properties. I would have to say that multi family is the most ignored opportunity for the reasons you stated. A lot of investors do not like being in the neighborhoods of where the multi family properties are sitting so they over look them. When asking advice, please keep that in mind. Are you looking for area or return? If you are looking for a good return on your investment then you can get a great deal on a mult family property and do what you wish to it. Also, be on the lookout for SFR's with Casitas that are being used as Garages or sheds. Just closed on one where it produced 2 different parcel numbers so now my buyer got a 2 for 1 deal! Hope this helps.

Happy Investing, 

Louis