The state has a lot of things going for it.
The cost of gas is cheaper than anywhere else in the country, and most of the population has access to electricity.
And most of us have the money to pay for the car.
But one problem: Most Nevadans are renters.
According to the latest data from the Nevada Department of Revenue, nearly 30 percent of Nevadan households don’t own a car.
If you want to rent a luxury car, you need to get a Nevada rental car loan, which costs $25,000.
But when it comes to paying the rent, you can’t afford to take the risk.
That’s where duplexes come in.
“I had one in Las Vegas and it was awesome,” says Joe Steeves, who moved into his new duplex in September.
“The people there are super nice.
The landlord was nice.
I had a great time.”
The duplex was built on the backs of the old Clark County Coliseum complex, which closed in 2006.
A $2.8 million renovation of the building opened the door for duplex owners to rent out the spaces and install solar panels on the roof.
A year after the renovations, the city of Las Vegas launched a pilot program called Reno Duplex, offering up to $100,000 in subsidized loans to low-income people looking to rent or buy a home.
“This is one of those things that happens to people when you put the money in,” says Steeges, who bought his first duplex, which he is now living in, in December 2016.
“They’ve got a mortgage, they’ve got credit.
They’ve got an income, so they can afford to pay rent.”
The process is similar in other states, but not in Nevada.
To qualify for a loan, people need to qualify for the Nevada Low-Income Housing Assistance Program (LINE), which is funded through property taxes.
“It’s a fairly straightforward program,” says Robert Jansz, who runs a mortgage lending service in Las, Nevada.
“You don’t need to have any experience in real estate or any kind of business to get this.
If someone is looking to buy a property, they need to know they can pay the tax and still qualify for assistance.”
A person who wants to buy in Nevada can apply online, which is easy and takes less than 30 minutes.
If a property owner decides to buy, the property must be in good condition and be affordable for people with moderate incomes.
Once the property is on the market, a salesperson will get a list of properties in the area.
After they’ve received that list, they must decide whether they want to buy the property or lease it.
If the person chooses to lease, the sale will go through.
If not, the buyer has to pay a $150 fee per month.
“If you’re renting, you’ll pay $3,000 to $6,000 a month,” says Jansy.
“And if you’re buying, you’re paying $7,500 to $10,000.”
In a state that has the highest property taxes in the nation, most homeowners are in a hurry to move.
The housing market in Nevada has stabilized over the past decade.
That makes it easy to rent, but people are still reluctant to move, even when they have a mortgage.
“Nevada has been a real seller’s market for a long time,” says Michael Stoll, a financial adviser in Las.
“People want to stay put, but they don’t have a lot more money.
And it’s easy to fall behind when you don’t understand what’s going on.”
But as rents have skyrocketed in the state over the last few years, there have been some people who have decided to make the leap.
“In the last year, I’ve had people come to me and say, ‘I want to live in a duplex and rent out my apartment,’ ” says Stoll.
“For me, that’s a big risk.
If I’m not in a situation where I can afford the mortgage, I’m probably not going to be able to rent.
If there’s no money to rent it, I’d just rent it out to someone else.”
But it’s a risky gamble.
“A lot of people are going to lose out if they do that,” says Anthony Hirsch, a real estate agent in Las who has been renting out his apartment in the city since July 2016.
He has already had a couple of people ask him to rent their apartments out to them.
“There are some people that are just going to pay up front and wait for the money,” says Hirsch.
“But I would never want to give a stranger my money because I can’t find the right person.”
The best way to avoid a duplet in Nevada is to find a buyer.
You can look for a