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Old 08-18-2017, 11:13 PM
 
141 posts, read 72,155 times
Reputation: 189

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Quote:
Originally Posted by BBMW View Post
Try Desert Manor, down town. Cheap and crappy, but you'll survive and save money.

Do you have a car?
I'll skimp on a lot of things, but where I live, health care and food aren't them. I just won't eat out. Don't hav a car yet. I found a place I like. I'm calling tomorrow.

My second day at work was amazing. I work for a great company. They are nice people. It's a touristy place, but it's full time work and pays way above minimum wage at least. They are fun people.
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Old 08-18-2017, 11:35 PM
 
Location: Las Vegas
13,432 posts, read 24,199,022 times
Reputation: 24745
Good for you!!!
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Old 08-20-2017, 02:01 PM
 
9,952 posts, read 8,438,330 times
Reputation: 5826
You're going to be renting. Therefore you're throwing away money. It's a necessary expense, but it's one you want to minimize. Once you get past minimum functionality, how much more is it going to be worth to have a "nice" place, above just an acceptable one?

Rent the cheapest thing you can live with (and think hard about what it is you can live with) and save for a down payment to buy something.

Quote:
Originally Posted by vegasfan1985 View Post
I'll skimp on a lot of things, but where I live, health care and food aren't them. I just won't eat out. Don't hav a car yet. I found a place I like. I'm calling tomorrow.

My second day at work was amazing. I work for a great company. They are nice people. It's a touristy place, but it's full time work and pays way above minimum wage at least. They are fun people.
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Old 08-20-2017, 02:08 PM
 
Location: Here and there, you decide.
11,574 posts, read 22,669,562 times
Reputation: 3882
i disagree. if the op is young and single.. he needs a decent place, not some ratted out studio apartment. you tell him to save to buy.. homes are very expensive now and i don't see an end to that... rent for a year, see if it works out, and then decide.
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Old 08-20-2017, 03:35 PM
 
9,952 posts, read 8,438,330 times
Reputation: 5826
Why? He's in his building phase. If he's smart now, he can set himself up for the rest of his like (and visa versa - by being stupid he could be putting himself behind the eight ball.) His goals at this point should be building a career and building net worth. He shouldn't be worrying about living well and partying.

Quote:
Originally Posted by airics View Post
i disagree. if the op is young and single.. he needs a decent place, not some ratted out studio apartment.
That would only be relevant IF an end could be seen. If properties are on a stable upward track, then he should buy. Note that buying a home is not the only thing he could invest in. But he should be saving money to build wealth. And since he'll have to live somewhere, he might as well live in an appreciating asset. he's not to the point where he can do that yet. But he should be trying to get himself there.
Quote:
you tell him to save to buy.. homes are very expensive now and i don't see an end to that...
Agreed. In point of fact he basically has no choice. The question is, how much to spend on rent. The answer to the question is ALWAYS as little as possible, as long as the place is basically safe, and at least marginally big enough for him (and that probably smaller than he thinks.)

Quote:
rent for a year, see if it works out, and then decide.
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Old 08-21-2017, 02:49 AM
 
141 posts, read 72,155 times
Reputation: 189
Appreciate all your guys advice. I've looked at the buyer's market. Whenever I do buy something, it will be a high quality studio or a 1 bedroom condo/apartment. There was a great studio at the LVCC a month ago for 75,000, but of course it closed in a day literally with cash. I didn't know there even studios over there. I considered buying, but if I can't find something I really like, the answer is not to just jump in because the market is getting more expensive. At some point it will bottom out or hold stable.

For the record, I'm here working on the last stages of a business/startup that is on the cusp of something amazing. I had a lot of friends/contacts before I moved here. Why I moved to Vegas. Besides the full time job I have, I'm pretty much doing nothing but working, but my passion project involves working with the hotels on the strip and lots of fun. Saturday evening I was at one of the resorts doing my first of many great things. For the record, the job I got full time had nothing to do with any relationships. I got it independent of that.

I don't drink/do drugs and only party if it's work related. Sometimes it is. Know a lot about the gambling industry, but won't be partaking in that much.

The challenge right now for a person buying a house is all the good stuff between 70,000 and 100,000 is being scooped up by cash buyers. Even with my great credit scorer and no debt, I haven't found anything amazing I could win the bids on because there are a lot of market buys with cash. I look at the market every day.

At some point I will buy, but I am not gonna live in a rat hole. I am looking at rentals between 700 and 900 for my first year. I actually found a great rental for 700, but can't get the person to call me back. I need like 450 square feet and that's about it. I don't need much space. I agree with that.

I am here to leave a lasting impact on Vegas. I am not here for get rich quick schemes. In my first 2 weeks here, met a lot of wonderful people who have moved here who are doing well and got a list of people who want to get together and work on everything.

Living within your means is everything. I am not your typical buyer whose goal is to have a home in Summerlin or something else.
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Old 08-21-2017, 05:01 PM
 
2,953 posts, read 1,388,601 times
Reputation: 5292
SBA here is great! Not like most states with grey haired men putting their time in and have nothing to offer.

They are located in the Bank of America building downtown. Might be able to help you out with contacts for your business.

What I like about Vegas is I can go anywhere and I meet nice people. They or me just start talking with each other. Lots of locals go to the park near T mobile arena before shows. Everyone taking LYft cause no one wants to deal with parking fees, etc.
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Old 08-21-2017, 06:27 PM
 
2,132 posts, read 2,187,821 times
Reputation: 1299
If you're serious about staying in LV but don't have the money for a house at this moment, I'd buy land. You can find good deals out there.
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Old 08-21-2017, 06:42 PM
 
Location: Here and there, you decide.
11,574 posts, read 22,669,562 times
Reputation: 3882
Quote:
Originally Posted by vegasfan1985 View Post
Appreciate all your guys advice. I've looked at the buyer's market. Whenever I do buy something, it will be a high quality studio or a 1 bedroom condo/apartment. There was a great studio at the LVCC a month ago for 75,000, but of course it closed in a day literally with cash. I didn't know there even studios over there. I considered buying, but if I can't find something I really like, the answer is not to just jump in because the market is getting more expensive. At some point it will bottom out or hold stable.

For the record, I'm here working on the last stages of a business/startup that is on the cusp of something amazing. I had a lot of friends/contacts before I moved here. Why I moved to Vegas. Besides the full time job I have, I'm pretty much doing nothing but working, but my passion project involves working with the hotels on the strip and lots of fun. Saturday evening I was at one of the resorts doing my first of many great things. For the record, the job I got full time had nothing to do with any relationships. I got it independent of that.

I don't drink/do drugs and only party if it's work related. Sometimes it is. Know a lot about the gambling industry, but won't be partaking in that much.

The challenge right now for a person buying a house is all the good stuff between 70,000 and 100,000 is being scooped up by cash buyers. Even with my great credit scorer and no debt, I haven't found anything amazing I could win the bids on because there are a lot of market buys with cash. I look at the market every day.

At some point I will buy, but I am not gonna live in a rat hole. I am looking at rentals between 700 and 900 for my first year. I actually found a great rental for 700, but can't get the person to call me back. I need like 450 square feet and that's about it. I don't need much space. I agree with that.

I am here to leave a lasting impact on Vegas. I am not here for get rich quick schemes. In my first 2 weeks here, met a lot of wonderful people who have moved here who are doing well and got a list of people who want to get together and work on everything.

Living within your means is everything. I am not your typical buyer whose goal is to have a home in Summerlin or something else.
there is nothing between 70-100 except in very bad areas.. even condos are over 100 unless they are converted apartments.. for a house, its 200 and up

70-100 was back in 2011.
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Old 08-25-2017, 11:34 PM
 
4,317 posts, read 5,265,036 times
Reputation: 4213
Quote:
Originally Posted by airics View Post
i disagree. if the op is young and single.. he needs a decent place, not some ratted out studio apartment. you tell him to save to buy.. homes are very expensive now and i don't see an end to that... rent for a year, see if it works out, and then decide.
LOL homes are very expensive in Vegas?! You're joking right? Have you ever watched HGTV? You guys practically give away houses in Vegas. Maybe they're not recession cheap like $70,000 anymore but for $250,000 you can get a solid house and for $1 million you can get a pretty awesome one. In cities like Portland, you can't find anything half way decent for under $600,000 until you hit the suburbs and even then it'll be a solid but unremarkable suburban home. For $1M you get something good but not at all impressive. And SF, LA, and Seattle to name a few West Coast options put Portland to shame. Vegas is REALLY cheap!
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