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..