Is buying a second home in Las Vegas for investment a good idea now?

Question

In the booming new condominium

Answer 1

If you can buy one and have a positive cash flow after ALL expenses, then it is a good time.



Sure it will be more at other times (recent past), but it is never a bad time to have someone (nice tenant) buy you a condo!

Answer 2

Las Vegas is probably the most exciting and enjoyable city on earth and with hotelbye you may find out more. Nowhere else on earth you may find an area that's most of the travel amenities that merely a total resort location could offer: magnificent casino hotels, great dining, great stay activity and state-of-the artwork conference and trade show facilities. Las Vegas is surely a spectacular city and exactly what you would expect from the world-class area, and more, is right here for the vacation pleasure. One of many areas you must visit in Las Vegas is the Fremont Street, a pedestrian region with all kinds of unique sites.

Answer 3

Inventory levels have been rising in Vegas, indicating a bit of slowdown.



Now might not be the greatest time to enter that market.



There are plenty of parts of the country where you can probably do very well from an investment perspective.



If, however, you want the 'sexiness' of a Vegas address, and plan to hang onto it for quite a while...well, that's a different story.

Answer 4

If your goal is to hold the investment for a long time and if there is a negative cash flow, calculate how long you'll be able to support the property. If you can only hold it for a year, then look elsewhere. 2-5 years is would better waiting period for the appreciation to build up.