Although I see your intentions, many investors have come to the reality that it is NEVER....EVER....a good idea to mix the two. Our recommendation is that you decide whether you want to purchase the home as an investment, OR as a home for yourself. With the unpredictability of our market here in Las Vegas and throughout the country, you should strive to maximize the money you place into Real Estate.
Here are a few tips:
Investors who â€œswing for the fenceâ€ rarely make a home run or end up making a run home. Reasonable returns will make consistent income for solid investors. Your real estate activities should be treated as a business in order to reach your goals. A business plan identifies objectives and determines a viable course of action. A business plan also allows investors to visualize the large picture, which helps maintain focus on the goals rather than on any minor setback. Real estate investing can be challenging and demanding, and a solid plan can keep investors organized and on task.
The more you understand a particular market, the more qualified you will be to make sound business decisions. Understanding current trends, including any changes in rents, mortgage rates and the unemployment rate, to name a few, enables good real estate investors to plan for the future. Being familiar with specific markets allows investors to predict when trends are going to change, creating potentially beneficial opportunities for the prepared investor.
It is important to stay up to date with the laws, regulations, terminology and trends in real estate. Keeping current requires additional work, but it will pay off in the long run. It is also wise to continue learning different areas of technology that pertain to real estate. New web sites are created every day to make it easier for investors to make better decisions.
Your group of specialists can be comprised of well-chosen mentors, business partners, CPAs, real estate agents, property managers and dozens of trades that support your real estate business. The costs associated with learning how to do a task is huge compared to the savings a professional can provide. Real estate investing is complicated and requires a great deal of expertise to engage profitably in the business. Most agents that specialize in real estate investments bring all these people to the table.
Contact us anytime for more specialized information,
It really depends on what kind of Return on Investment you are looking for and how much you want to spend. There are many different market segments and the property that gives you the best return may not be the property you want to live in at a later point in time. The best way to come to an appropriate decision is actually to work with an agent that can show you different areas on the computer first and what your return would be before you actually just go out and drive areas. If you are interested in doing some research first, we would be happy to review this with you on Monday. Just give me a call at 702 497-8029 and we will reserve some time for you.
Most retirees look toward Summerlin for it's recreation for seniors and it's great shopping. I suggest looking in neighborhoods just outside Summerlin wwere the prices are lower but you can still take advantage of the Summerlin shopping, entertainment, and recreation and still be within 10 milre of the strip.
If you forward me your email or call 702-499-7037, I can prepare of available HUD Properties and Government foreclosures in that area that you can then quickly review when you are here
DAVID COOPER "SINCE 1917 REALTY" Investment Property Purchase and Property Management 35 Years Experience 702-499-7037 email@example.com
Look at my resume http://www.linkedin/in/lasvegaswinner
Wardley Real Estate
I am fond of the northwest area to locate a fair priced home for a rental! However, since you are considering the home to be more than just a rental, perhaps a Master Planned Community would suit you better!? Please call/email me for some other options you are looking for in a purchase and I can show you plenty of great homes thru out the valley! Thank you for posting and look forward to assisting you in your search, Raina
DAVID COOPER at "Since 1917 Realty" 702-499-7037 Investment Property Sales and Property Management Single Family homes, condos, town homes 35 years experience
One Source Realty and Management
Cell - 702.501.0973
Website - http://matthewsellslasvegas.las.mlxchange.com
web site is http://WWW.AllLasVegasHomes.Com