Looking to possibly invest in some multi family units in Vegas
Hey guys, haven't been on this forum in a while, from ventura county in southern california and I'm on my 4th property but everything is getting super expensive out here. Was looking into putting my money elsewhere, just a few questions with those familiar in the area.
-Just how hard is it to get an investment loan for multi units out in Vegas being from socal? Can it be done with 25% down? And do they look at my DTI ratios as well if I'm out of state?
-I see a few duplexes that look like they consistently pump out $1100-1200 a month total, with my 25% down my payment would be around $5-600 with these units I'm looking at. Is there a catch?
-How is the property management out in vegas? Whats the fees? Any recommendations.
-Duplexes I'm looking at have been in the 89106 area.. Also any recommendations on any other markets would be much appreciated. Im very familiar with the market where i live but haven't got my feet wet anywhere else.
THANKS!!