If you're an investor of any type, or a follower of Robert Kiosaki for that matter, then you have your eyes peeled for great opportunities in multi-unit residential real estate. When I lived in Utah there was a consistent stream of duplexes and fourplexes on the market. However, Las Vegas has quite a different story. For the most part the city doesn't allow development of smaller multi-unit properties. Those that were constructed years back are usually owned by long-term investors and if they do make it to the Las Vegas market they are snapped up quickly and they are a challenge to cashflow.
What is hot right now is single family homes. One of our team members recently sold a property for $136,500 that rents for $1,100 per month. We have access to 600 or so repo properties and some are similar to the one mentioned here. Get in touch with a Las Vegas Realtor® to take advantage of a hot repo property.
