All Forum Posts by: Yan Huang

I've only purchased a single family home before; and that was rented to family. I sold it and I am looking at putting some of those funds towards a cash flow property. I am looking at North Las Vegas duplexes at around $130,000; and assuming I can rent out each unit for $600 per month each, I am trying to figure out if I have any errors in my projections (used the BP Excel to calculate cashflow):

https://drive.google.com/open?id=1_8_zDIWrz1uRvE2G...

I based the other numbers at what seems to be average North Las Vegas zip code at that price.

Thanks in advance!

Thanks for the responses.

This is a newbie question but what tool(s) do you guys use to determine the A/B/C/D classification for a home or neighborhood? (ie. is there a conversion tool from the score that Neighborhood Scout gives to these alphabetical ratings; and is the home classification for the most part just eye balled?)

I am planning on purchasing 2 duplexes as an investment properties in Las Vegas (most likely North Las Vegas). I am looking at homes that are in the ballpark of $120,000 to $150,000 with gross rents averaging $1000 (roughly $500 per unit) monthly. 

I've purchased a single family property before but that was in Los Angeles and it was rented to family so this will be my first 2 investment properties. Do you guys have any tips of what I should look for or look out for? And also is my budget and how much rent is within reason as far as an investment goes?

Thanks in advance.