Is Las Vegas a good market to wholesale?

Is Las Vegas a good market to wholesale?

Member since 2023 · 5 posts · 2 votes

I'm based in Las Vegas and want to start wholesaling real estate here, but I've heard it's not a good market because it's too expensive for investors. Any insight on this?

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Investor · Austin TX · Member since 2016 · 1k+ posts · 2k+ votes
3y
Quote from @Samantha Distor:

I'm based in Las Vegas and want to start wholesaling real estate here, but I've heard it's not a good market because it's too expensive for investors. Any insight on this?


 I have a good friend who is a wholesaler in Las Vegas. He also buys rental properties on the side. I would be happy to connect you. As far as I know buyers are still buying in Las Vegas so its a good market to wholesale in

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  • Kerry Noble JrPro Member
    Investor · Indianapolis, IN · Member since 2018 · 2k+ posts · 1k+ votes
    3y

    If theyre flipping there's opportunity and theyre definitely flipping in vegas. 

  • Real Estate Consultant · Cleveland · Member since 2020 · 6k+ posts · 3k+ votes
    3y
    Quote from @Samantha Distor:

    I'm based in Las Vegas and want to start wholesaling real estate here, but I've heard it's not a good market because it's too expensive for investors. Any insight on this?


     Its all about getting deals, Now all due respect, you live there and you are asking if its a good market to flip....... You are not ready to even look for deals, ( you do not know whats a god deal ,,,,,, YET ) Go to your local RE meeting and connect wth those that are doing deals, .EVERY market is good, its all about pricing, 

  • Real Estate Agent · Las Vegas, NV · Member since 2020 · 461 posts · 305 votes
    3y
    Quote from @Samantha Distor:

    I'm based in Las Vegas and want to start wholesaling real estate here, but I've heard it's not a good market because it's too expensive for investors. Any insight on this?

    If you find a deal, there are buyers.  The key to being a good wholesaler is giving value to the investor. If you send us bad deals, everyone stops looking at your emails. Make sure what you offer is actually going to make the investor money. I’m always looking for a deal. Let me know if you find anything. Good luck 🍀 
  • Insurance Agent · Las Vegas, NV · Member since 2019 · 158 posts · 80 votes
    3y

    This really depends on how good of a wholesaler you are.  I bought my last two deals from a wholesaler who has found some great stuff form me.  The other wholesalers I have been sent deals from in the past have been terrible numbers.  Find your buyers first and see what they are looking to buy.

  • New to Real Estate · Clark County · Member since 2023 · 2 posts · 0 votes
    3y
    Quote from @Jacoby Atako:

    This really depends on how good of a wholesaler you are.  I bought my last two deals from a wholesaler who has found some great stuff form me.  The other wholesalers I have been sent deals from in the past have been terrible numbers.  Find your buyers first and see what they are looking to buy.

     Hi, well your a buyer what are you looking to buy?

  • Insurance Agent · Las Vegas, NV · Member since 2019 · 158 posts · 80 votes
    3y

    I buy well below the median homes in specific zip codes in Las Vegas that I would want to hold longterm.  I stay out of north las vegas and most of the Eastside except Silverado and Henderson.  I only look to buy about every 6 months or so, so I look for properties that need light rehab or financial distress.  Mostly class A- and B properties, I have one C property in Spring Valley. 

    I haven't found anything older than 1980 that I would buy. Prefer tile roofs and low HOAs. I only consider condos if I can verify HOA laws with renters and I won't buy in an HOA over $200 (which is hard to find now). Max I will pay for a 3/2 is about $350k.

    Anything outside of that criteria would have to be much larger margins.
     

  • Investor · Austin TX · Member since 2016 · 1k+ posts · 2k+ votes
    3y
    Quote from @Samantha Distor:

    I'm based in Las Vegas and want to start wholesaling real estate here, but I've heard it's not a good market because it's too expensive for investors. Any insight on this?


     I have a good friend who is a wholesaler in Las Vegas. He also buys rental properties on the side. I would be happy to connect you. As far as I know buyers are still buying in Las Vegas so its a good market to wholesale in

  • Member since 2023 · 5 posts · 2 votes
    3y

    Thanks for the validation everyone :) I'll keep trying in Vegas

  • Member since 2023 · 5 posts · 2 votes
    3y
    Quote from @Lydia R.:
    Quote from @Samantha Distor:

    I'm based in Las Vegas and want to start wholesaling real estate here, but I've heard it's not a good market because it's too expensive for investors. Any insight on this?


     I have a good friend who is a wholesaler in Las Vegas. He also buys rental properties on the side. I would be happy to connect you. As far as I know buyers are still buying in Las Vegas so its a good market to wholesale in


     Hi Lydia! I would love to connect with your friend. Thanks so much for offering and replying!

  • Investor · Austin TX · Member since 2016 · 1k+ posts · 2k+ votes
    3y
    Quote from @Samantha Distor:
    Quote from @Lydia R.:
    Quote from @Samantha Distor:

    I'm based in Las Vegas and want to start wholesaling real estate here, but I've heard it's not a good market because it's too expensive for investors. Any insight on this?


     I have a good friend who is a wholesaler in Las Vegas. He also buys rental properties on the side. I would be happy to connect you. As far as I know buyers are still buying in Las Vegas so its a good market to wholesale in


     Hi Lydia! I would love to connect with your friend. Thanks so much for offering and replying!


     I'd be happy to connect you! Send me a PM and I will get you two connected via email

  • Member since 2023 · 2 posts · 0 votes
    3y
    Quote from @Jacoby Atako:

    This really depends on how good of a wholesaler you are.  I bought my last two deals from a wholesaler who has found some great stuff form me.  The other wholesalers I have been sent deals from in the past have been terrible numbers.  Find your buyers first and see what they are looking to buy.


     are you still looking to buy good deals ?

  • Member since 2023 · 2 posts · 0 votes
    3y
    Quote from @Lydia R.:
    Quote from @Samantha Distor:

    I'm based in Las Vegas and want to start wholesaling real estate here, but I've heard it's not a good market because it's too expensive for investors. Any insight on this?


     I have a good friend who is a wholesaler in Las Vegas. He also buys rental properties on the side. I would be happy to connect you. As far as I know buyers are still buying in Las Vegas so its a good market to wholesale in


     can you send me his info i am based in las vegas as well and i have few good deals under contract 

  • Member since 2020 · 38 posts · 9 votes
    3y
    Quote from @Samantha Distor:

    I'm based in Las Vegas and want to start wholesaling real estate here, but I've heard it's not a good market because it's too expensive for investors. Any insight on this?


     To find out if there are a lot of flipping activity, you can go to zillow and search the zip code you want to target. Then, search for homes recently sold at a substantially lower price than the average home sales price. 

    Then go to new listings, and look to see if any of those homes have recently been flipped. If you are seeing flipping activity, it's a good market to WS. 

  • Insurance Agent · Las Vegas, NV · Member since 2019 · 158 posts · 80 votes
    3y
    Quote from @Account Closed:
    Quote from @Jacoby Atako:

    This really depends on how good of a wholesaler you are.  I bought my last two deals from a wholesaler who has found some great stuff form me.  The other wholesalers I have been sent deals from in the past have been terrible numbers.  Find your buyers first and see what they are looking to buy.


     are you still looking to buy good deals ?

    Not at the moment.  We are building funds and stabilizing are current properties. 
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