All Forum Posts by: Stephen DeThample
Stephen DeThample has started 5 posts and replied 443 times.
Post: Bought 2 4-plex Rentals in Las Vegas - Costing me tons in Repairs - Advice Needed
- Real Estate Agent
- Las Vegas, NV
- Posts 458
- Votes 304
Are the 4 plex properties in a bad neighborhood? Las Vegas only has a few good areas with them.
Post: Introduction post to community
- Real Estate Agent
- Las Vegas, NV
- Posts 458
- Votes 304
Welcome to BiggerPockets
Post: Hello BiggerPockets! New PRO here
- Real Estate Agent
- Las Vegas, NV
- Posts 458
- Votes 304
Welcome to BiggerPockets!
Post: Hello BiggerPockets! New PRO here
- Real Estate Agent
- Las Vegas, NV
- Posts 458
- Votes 304
Welcome 👋🏻
Post: Trump Tower Las Vegas
- Real Estate Agent
- Las Vegas, NV
- Posts 458
- Votes 304
When they don’t share the numbers proudly, it is usually a negative cash flow situation.
Post: STR Arbitrage stings landlord with a $180,000 fine
- Real Estate Agent
- Las Vegas, NV
- Posts 458
- Votes 304
There are a lot of owners who are playing the illegal Airbnb game. The people from the city will make a reservation on Airbnb to catch you and find you $1000 per day based on the amount of time it’s been on Airbnb.
Post: how to leverage equity of paid off home
- Real Estate Agent
- Las Vegas, NV
- Posts 458
- Votes 304
Sit down with a few loan officers and see what they have to offer.
Post: Real Estate Investor
- Real Estate Agent
- Las Vegas, NV
- Posts 458
- Votes 304
Welcome 👋🏻
Post: Looking for Air BNB in Las Vegas
- Real Estate Agent
- Las Vegas, NV
- Posts 458
- Votes 304
The majority of Airbnb properties in Las Vegas are illegal and some owners have been fined very large amounts.
I would make sure you run the numbers for multiple different income models ( mid term, long term, rent by the room) before purchasing a property for an airbnb.
Post: New to real estate - Not sure where to start
- Real Estate Agent
- Las Vegas, NV
- Posts 458
- Votes 304
California is expensive for sure. Run the numbers on every possible scenario and see if you can find something that works. If you’re having a hard time getting close to breaking even, I would definitely consider taking the smallest bedroom to make more from the primary bedroom rent.