Go buy Las Vegas, it could be the time to buy Vegas again
I mention to buy LV two years ago, nobody is interested, now you are interested?
I went to LV twice to survey Summerlin and Green Valley Ranch.
I prefer Green Valley Ranch, elt1 prefer Summerlin.
These Cities are most vulnerable when downturn occurs. Buy them after a recession hits so that our margin is high !
2 years ago it was better to buy BA instead of LV. Now it is different. BA is now so expensive and there is no good deal anymore.
I would only buy in Vegas for personal use. I am betting on Phoenix for investment…
Why Phoenix over Vegas on investment?
Better returns. Too many builders in Vegas. Can get overbuilt fast…In Chandler we are looking at a 28IRR
28 IRR is very impressive. What’s the gross rental yield?
Vegas has less buildable land. Phoenix is also famous for abundant builders.
I had a cousin who bought and sold Vegas. Very volatile. I love Vegas for the personal fun and thrills but I wouldn’t invest there simply because it will downturn at some point and you could be caught up in the bloodshed since you wouldn’t be able to liquidate fast enough and you are so far away from there. I suppose if you buy in cheap enough perhaps you can ride it out but certainly don’t buy at the top of the cycle…
Both Phoenix and LV are located on deserts. Good luck with your tenants surviving the next drought. And hope you don’t spend too much money hiring that local property manager… 
It’s a development deal…Money is in the value add…Same in Vegas, just lower IRR. Build and sell that is my recommendation for most flyover states
Blame the environmental movement, global warming wackos, nimbyies, liberals, Rent control, down zoning, restrictive codes, building inspectors, planners, government no prisoners gestapo attitude…
The housing shortage is nationwide.
It has become so critical the only solution now is temp housing, trailers and millions of them…
Is Chicago household income much higher than SD, Orange County, Denver? 100k income for Chicago does not seem right
Lot of money in Chicago…The capitol of the midwest…And a lot of cheap housing…It is an island in the rust belt sea
Here is another thing for lanlords to worry about.
I friend was a San Mateo cop. A lot of his job was to deal with people dying in their homes. I guess you can get insurance for the clean up.
Key an eye on your units. This case was left for months… poor management.
If the tenant failed to deposit rent for the next month, I’m sure the landlord will check on that. So the maximum length of time a tenant could die and remain unnoticed in a rental would be about 1 month. However I have a unit where rent is automatically deposited by a 3rd party… so I do need to keep an eye on that one…
I had a tenant just disappear. On Christmas Day.
Finally got a new tenant for February 1.
I knew he was gone in a week. But had to find his sister to remove his stuff, clean show and rerent… Dying would have made things ten times worse.
Come on, Nevada???