Updated about 6 years ago on . Most recent reply
old vs. new Henderson, NV
hello - I am looking to buy a SFH as a way to start investing (5-10 yrs). I am currently looking at Las Vegas, NV and the surrounding areas (Summerlin, Henderson). I keep hearing about new vs. old Henderson. Which would be a good area to invest for long term cash flows and/or eventually retiring into between the old vs. new Henderson?
I am okay with low/neg cashflows since I think renting it out would help with the mortgage anyway (thinking 15 yr, fixed, with 20% down).
I am new to both BP and investing. Would greatly any input or feedback, please, from more seasoned investors/RE agents. Thanks in advance!
Most Popular Reply
New Henderson = more expensive, premium A/A+ locations, low crime rates, low turnover, better tenant profile. The tradeoff for this is lower returns.
Old Henderson = older construction, higher crime areas, more tenant turnover, lower quality tenant. Higher returns.
If you can tolerate low/close to zero cashflow (I'd never recommend negative), I would definitely opt for "newer" parts of Henderson. I would aim for 1990 and newer in your particular situation. If you really don't care about cashflow, you might as well buy the most premium location possible. Inspirada, Macdonald Highlands, Anthem, Green Valley Ranch to name a few.
Please let me know if you need more guidance. I live, work, and invest in Henderson, know it like the back of my hand.