Moving to Vegas End of July

[daneault23]

Wife and I are packing our bags, taking our dog, and moving to Sin City. We're purchasing a home to start our real estate investment portfolio. This has been in the process since March, but with the way real estate has gone lately it's taken us this long to finally land something. We started looking into 4-plexes but they were few and far between, mostly in shady areas. Keep in mind this would be owner-occupied so we'd have to live in one of the units.

After discussion, we decided to go the buy - live - rehab- flip route. We will be living in the house for the next 2 years, fix up the kitchen/bathrooms and either sell it or start to rent it out. Then buy another and repeat the process.

We currently live in the Bay Area CA and can work remotely without getting pay cuts, we have a baby on the way, but no kids yet. Moving to NV where there is a much lower cost of living, with no state income tax gives us a boost in take home pay without even getting raises.

Also, closer to the pay windows

I know it's gonna be hot out there. Good thing we just got the AC replaced on the buyers dime..

[gauchojake]

Good luck. I couldn’t live there full time but I’m spoiled. Congratulations on the kiddo.

[big joe 1212]

So where does your employer have their “home office?”

If you still belong to the office in CA but work remotely in NV, you may still be subject to CA taxes.

[BeatTheJerk]

Are you guys gonna film the flips ? & is the wife hot ...

[KVB]

Good Luck Dane, gotta love vegas real estate.

[Fishhead]

Great move, here 30 years, best city in America

[BeatTheJerk]

Great move, here 30 years, best city in America

I thought you were from Iowa or is that a 2nd home ?

[ChuckyTheGoat]

I thought you were from Iowa or is that a 2nd home ?

Key word is FROM Iowa. Probably still owns a significant amount of Iowa farmland.

[jjgold]

You will not last son

Have good security

They rob houses like crazy there

[daneault23]

So where does your employer have their “home office?”

If you still belong to the office in CA but work remotely in NV, you may still be subject to CA taxes.

I'll talk to my tax person, but from what I understand there are 7 states that exercise this "convenience" rule. Basically it says that a state can tax you wherever your office is located, even if you're not currently working in that state. 7 states use this rule: Arkansas, Connecticut, Delaware, Nebraska, New York, Pennsylvania, and Massachusetts.

[daneault23]

And to add: the office location where I used to go into work at is in California. Since March 2020 I have been working from home (in CA) as we were not able to go into the office. We're still under shutdown to this day and must work from home, unless under certain circumstances.

Once we move to NV, we will be establishing our domicile by purchasing and living in that home.

We will still have to pay CA state taxes on the income we earn until we make the move, but post that date I think we're in the clear.

[thomorino]

Far better value in stocks than real estate. The future of gambling is legal books, not Vegas. Vegas is the past.

[thomorino]

Online gambling is the future, the Vegas model is outdated. Most major Vegas casino operators like wanna NDA sands are already trying to get outbofb head and increase their positions overseas in places like Macau.

[19th Hole]

Dane-
Congrats on the new venture and the new baby.
I wish you every success.

[jjgold]

10000000%

Most sportsbooks empty now

Online gambling is the future, the Vegas model is outdated. Most major Vegas casino operators like wanna NDA sands are already trying to get outbofb head and increase their positions overseas in places like Macau.

[lonegambler23]

vegas is an absolute dump to live. good luck

[jjgold]

vegas is an absolute dump to live. good luck

yep bad choice

[Jayvegas420]

Summerlin? Henderson?

[flyingillini]

Nothing good about living in Vegas. You only live once, you are in the Bay Area, it's one of the most desirable places to live in America. Stay there, if you decide to go, I wish you nothing but the best.

[hawkwind]

You don't ROB houses You Burglarize a House & you Rob a Person

You will not last son

Have good security

They rob houses like crazy there

[pavyracer]

But move in my opinion but good luck! There is a reason it is called sin city and it is not because they have great places of worship.

[Fishhead]

Summerlin? Henderson?

I recommend Southern Highlands(where I live)

1. Southern Highlands
2. Henderson
3. Summerlin

All excellent choices

Vegas is tremendous right now, been here 30 years and it’s never been better on many fronts.
HIGHLY recommend living here.

[jjgold]

Number three place in America home invasions be very careful and be heavily armed

[kyhawk]

Worthless FH trivia. He is a pro Corn detasseler

[kyhawk]

Be careful of NLV. I used to drive a cab there.

Stay off of the letter streets, like d. etc.

What is the most dangerous part of Las Vegas?

Here are the top Las Vegas neighborhoods to avoid:

• Downtown. As far as high crime goes in Las Vegas, downtown Las Vegas used to be the hub for illicit activities. ...
• North Las Vegas.

[KVB]

And to add: the office location where I used to go into work at is in California. Since March 2020 I have been working from home (in CA) as we were not able to go into the office. We're still under shutdown to this day and must work from home, unless under certain circumstances.

Once we move to NV, we will be establishing our domicile by purchasing and living in that home.

We will still have to pay CA state taxes on the income we earn until we make the move, but post that date I think we're in the clear.

I believe this is correct.

[jjgold]

ask Fishhead how he almost got shot last week at Ellis Islands parking lot

WAR ZONE

[KVB]

ask Fishhead how he almost got shot last week at Ellis Islands parking lot

WAR ZONE

[daneault23]

I recommend Southern Highlands(where I live)

1. Southern Highlands
2. Henderson
3. Summerlin

All excellent choices

Vegas is tremendous right now, been here 30 years and it’s never been better on many fronts.
HIGHLY recommend living here.

We'll be moving to the border of Summerlin South/LV. 5 min drive to the practice facility for the Golden Knights and where that Minor League baseball team plays. Lots of things to do around that area.

[shari91]

Good luck daneault!! Life’s an adventure… enjoy your move and let us know when your baby arrives

[jjgold]

God Bless

44 Caliber a good carry gun

[Fishhead]

We'll be moving to the border of Summerlin South/LV. 5 min drive to the practice facility for the Golden Knights and where that Minor League baseball team plays. Lots of things to do around that area.

Nice area

I still rate it third behind Henderson and Southern Highlands

All three real close for best....comes down to desires/needs of individual.

[Brock Landers]

Nice area

I still rate it third behind Henderson and Southern Highlands

Where do you rate NORTH LAS VEGAS?

[mjsuax13]

We'll be moving to the border of Summerlin South/LV. 5 min drive to the practice facility for the Golden Knights and where that Minor League baseball team plays. Lots of things to do around that area.

Not far from me. Summerlin great community, lots of good people, lots of things to do, lots of money around there, etc... I’m at Charleston Rampart on TPC. You will enjoy the area.

[daneault23]

Been here about a week. Loving it so far. 8 mins from Red Rock Casino. Up $200 there so far.

Got Raider Training Camp tickets for tomorrow at Allegiant. Wife is Raiders fan. Should be fun.