Nevada multi-family investing thoughts?

Question

Hello all

I am exploring investing within small multi-family (4+ units) in Nevada. My strategy is long term buy and hold. Which counties/areas per your analysis is best for cash flow, appreciation or both? Appreciate your thoughts.

best regards

Ansh

Bradley Buxton · Answer

@Anshuman Thakur

There are some very good advantages to investing in Nevada, low property taxes, no income tax, and landlord friendly. Investments from CA tech companies is driving job and population growth. In the Vegas market talk with @Eric Fernwood. He has some great data and insights on the Vegas area. I'm in the Northern Nevada Reno Tahoe market. The multifamily pricing is all over the place. Although I'm seeing some great deals happen in 5-10 unit assets near the downtown and university areas. What ever area you look at make sure to look at the age of the building. Insurance companies are taking a close look at building materials, quality, and updates.

Bill B. · Answer

I love la Vegas investing. I don’t mind SMF investing. But Las Vegas isn’t the location for it. I like good neighborhoods, with sloped tile roofs, stucco siding, built in the last 20 years. 90% of Las Vegas SMF checks none of these boxes.

Either look out of state for the something like the brick 4plexes built in the 80’s that look the same 40 years later. Or if you want to swap higher returns for lower maintenance you can look in to FIG (fourplex investment group_. I’ve never used them but they do built to rent small multifamily.

Anshuman Thakur · Answer

Thank you Bill