I know how to analyze a market to understand if it’s a good investment decision and which neighborhood is best for this investment. I read numerous books on the process of purchasing a home and created spreadsheets to understand my revenues and expenses. I found a move-in ready 3-bedroom home with parking and a covered backyard for a final negotiated price of $83,500. My research told me the city had plans to do a massive renovation to the neighborhood on the East side of the UNLV campus. I also knew there was an Air Force Base not too far away which constantly rotates through military personnel. I knew that hotel and casino workers were renters, as were college students (UNLV). This was before I heard the word A-I-R-B-N-B so I was analyzing it in terms of long-term rental income. In 2011, I was researching Las Vegas to purchase my first investment property. If you are looking to buy a vacation rental property anywhere in the world, start with this AirDNA review. It is subscription-based by US state starting at $199.99/month.
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