3 Reasons Why Las Vegas is the Best Investment for Out of State Buyers
1. The price is right.
Compared to other booming states like California and New York, Las Vegas gives investors a golden opportunity to get more bang for their buck.
With the average price per square foot in 2019 resting around a low $169, the price of residential real estate in Las Vegas is at the perfect range to capitalize on your investment for years to come.
2. Las Vegas is growing in more ways than one.
Job opportunities are rising in Las Vegas, and with that, a thriving economy comes as a result.
The Las Vegas strip provides thousands of new jobs, not to mention the recent incorporation of the Raiders Stadium. This will bring more people to the city that will all participate in more trades, commerce, and other forms of work, transforming the city exponentially.
A growing city of Las Vegas’ stature has potential to raise residential real estate prices even further (as we've seen with states like California), which leads me to my next point.
3. Demand is HIGH for a reason, so move fast.
There’s a famous quote that goes “don’t wait to buy real estate, buy real estate and wait.”
Essentially, this means that waiting to invest in Las Vegas property will only lead you to spend more money at the end of the day. By getting into the market while it isn’t at its peak, you will save money and earn much more long term.
Whether you want to invest in Las Vegas real estate for personal use or as a rental, it is a worthy investment if you act now!