Investor · Greenville, SC · Member since 2011 · 44 posts · 10 votes
My friends this is only my 2nd post so I really hope I put this topic in the right place. Even more I hope this is a legitimate question to ask.
I am trying to decide between 2 worlds: Las Vegas or Greenville?
I currently live in the Las Vegas area so it would be great to start in a place that I am somewhat familiar with. On the other hand, I have an opportunity to move to Greenville, SC and if the move were to take place other opportunities can open.
I'm intrigued by the move because geographically it is about equidistant to the Atlanta and Charlotte MSA's and I do not mind traveling. Well at least not at this time in my life.
I just don't want to miss out on any opportunities. So I come to you and ask where would you continue working your investments?
As I learn and grow and become more successful, I offer my time and efforts to all. Thank you for your responses and advice.
From a macro analysis, Greenville might be better, but it really depends on what you're wanting to invest in to start. LV is more volatile and bubblicious from the hedge fund investors, while vacancy remains high so buy and hold may not be best. Greenville is in an area projected to grow moderately and less volatile so buy and hold could prove worthwhile. As for flips, LV could be better as it is a short term strategy, as long as you're not the one left holding the bag. My philosophy is live where you're happy and make good money, invest where the numbers make sense to help you achieve your investment objectives...just know what they are before you commit.
I vote Greenville, no matter what type of investing. Vegas is so transient, house prices aren't as high, and it's just kind of messy out there. Greenville has a good bit of worth, and certainly Charlotte and Atlanta do too.
In short, you'll probably get better cash-flow and cash-on-cash returns from some of the Atlanta metro areas, but you're longer term capital gains may actually come from Las Vegas.
You can download my 2013 Housing Market Forecast for a more detailed analysis and additional markets to compare.