Home Buying in Las Vegas>Question Details

Pacriman9, Home Buyer in Las Vegas, NV

Are there particular zip codes in the Las Vegas market where to look for properties with good ROI; which ones are good places to start looking in?

Asked by Pacriman9, Las Vegas, NV Sat Feb 25, 2012

I'm asking about residential property, homes, town homes, multiple family buildings, condos.

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Answers

13
Clark County Foreclosures, Bank Owned Homes, Short Sales
Along with the Clark County foreclosure trends, statistics, housing data and demographics, you can review every preforeclosure, foreclosure or bank owned property by selecting a city or ZIP code in Clark County from the list below. For further information on specific foreclosure properties we recommend working with DAVID COOPER. CALL 7024997037

Top Foreclosure ZIP codes in Clark County
89014 89108 89015 89121 89110 89030 89101 89117 89115 89119 89123
89103 .....

.http://www.foreclosureradar.com/nevada/clark-county-foreclosures

web Reference http://www.lasvegaswinner.org
1 vote Thank Flag Link Thu Mar 22, 2012
I agree with David Cooper, Jeremy does not seem to know the Vegas market. We have several investors that are making awesome cashflow on properties as we speak. The ROI is good right now even without appreciation. Also, saying that the market in Vegas is "nose diving" is also inaccurate. Deamnd is incrreasing each month and inventory has been steadily decreasing month after month. Now is a great time to buy in Las Vegas/Henderson. I hope this helps.

Best Regards,
Robert Adams
Broker/Salesman
Rothwell Gornt Companies
C:702-349-9175
F:702-932-8826
CREHadams@gmail.com
1 vote Thank Flag Link Mon Mar 5, 2012
Jerremy of Garden Grove> Jan sales for SFR homes in Las Vegas were 4000+, the highest in 10 years. Altos Research shows a "strong buy" signal on Median Prices for Las Vegas Real Estate dated Feb 27. As an agent/investor that lives and breathes Las Vegas Real Estate for 35 years, I might suggest you might investigate what is really happening in Las Vegas.

DAVID COOPER
0 votes Thank Flag Link Wed Feb 29, 2012
Great ROI in Vegas may take awhile. It's still in a nose dive. I'd wait unitl things look like they're leveling out first.
0 votes Thank Flag Link Wed Feb 29, 2012
I would suggest contacting a reputable real estate agent or property management company in Las Vegas. You should have the agent provide you with a CMA along with other detailed information including the market conditions. Feel free to contact me if you need a good reference*

Best Regards,

Adrian Provost
0 votes Thank Flag Link Mon Feb 27, 2012
Here are Las Vegas and Henderson rental statistics broken down by area. It gives you a good indication of which areas rent for top dollar with lowest vacancy (days on the market)

http://www.trulia.com/blog/damon_botticelli/2011/07/las_vega…

With a little math on your part, you can also tell which are the best rental areas by looking at the absorption rate. To get the absorption rate from my stats, divide the total units rented by 12 to get the number of units rented per month. Then divide the total available units by the units rented per month.

The stronger rental areas will have about a 1 month's supply while the weaker rental markets will be closer to a 2 or more month's supply.

http://www.trulia.com/blog/damon_botticelli/2011/07/las_vega…
0 votes Thank Flag Link Sun Feb 26, 2012
Instead of looking in half the zip codes in Las Vegas, I would focus on 89134,89128 & 89129. They have the proximity to Summerlin, if not in Summerlin proper without the higher acquisition costs of newer Summerlin properties with the bonus of SID fees that are paid off or close to paid off. I've had a majority of my investors buy in these zip codes with excellent results!
For a more comprehensive overview and detailed analysis, please contact us at:
Joe
The Stewart Team
Joe & Linda Stewart

http://www.JoeandLinda.com

Realty Executives of Nevada
1925 Village Center Circle Suite 150
Las Vegas, NV 89134
(800) 786-7942 Toll Free
(702) 313-8100 Direct
(702) 251-5803 Fax
0 votes Thank Flag Link Sat Feb 25, 2012
If you'll stick with:
South Las Vegas/Henderson: East of 15, West of 95, South of Sunset.
West side: West of Rainbow, South of Craig Road, North of Blue Diamond Road
We have some other very important ways of picking areas for our investors. We manage over 350 homes and condos for our investors for the last 18 years. My wife and I work as a team for our buyers no matter what your budget.

Matthew D’Ercole
One Source Realty and Management
Cell - 702.501.0973
Website - http://matthewsellslasvegas.las.mlxchange.com
0 votes Thank Flag Link Sat Feb 25, 2012
Hi,

I think most zip codes will have properties with good ROI potential but I have a few that I prefer. Feel free to review my background and some info that I have posted about investing in Las Vegas. If you are comfortable working with me, give me a call or an email and I can talk to you in more detail about your investment.

Regards,
Kevin
Wardley Real Estate
702-610-7347
kevinmkho@gmail.com
0 votes Thank Flag Link Sat Feb 25, 2012
Las Vegas Real Estate is a good, solid investment - I am an expert in real estate acquisitions with over $200 million of purchases and 25 + years of experience under my belt. Please contact me for a discussion about how to objectively select areas to buy in and achieve your quantitative ROI goals.
Web Reference: http://www.robflitton.com
0 votes Thank Flag Link Sat Feb 25, 2012
Hello Pacriman,

Glad to hear your are interested in Las Vegas real estate a an investment. There are some great opportunities available. My first question would ask what type of return you are looking for. The second would ask if you are interested in straight cash flow or a mixture of both potential future appreciation and cash flow. My opinion is to stay at least within the 1% rule. Purchase a 100k property with a minimum 1k in rent per month. You can do much better than that in different areas of the city. I would watch out for Realtors that use ROI numbers and have no idea of how to calculate it. I am a Certified Investor Agent Specialist and can help you gauge your true ROI. That means putting in reserves for vacancy etc. Remember that the most important part of investing is to know your strategy of how to get out of the property before getting into it! If you would like to speak about your options please contact me directly. I wish you the best on your new venture!

Respectfully,

Billy Alt
Wynn Realty Group
(702)250-1090
0 votes Thank Flag Link Sat Feb 25, 2012
I would love to talk to you to see if we could work together, if we can that would be great if not that's fine too.
Thank you!!.
Stephen Messner
702-882-1235
0 votes Thank Flag Link Sat Feb 25, 2012
I work with several investors in the area....
They all have different criteria, pricing and ROI....
Please call me.....We can discuss this in more detail and I can offer you some suggestions.

Sincerely,
Hank Lauzon III

Exit Las Vegas Realty Center
6600 W. Charleston #119
Las Vegas, Nv 89146

Cell 702-449-0899
Office 702-949-2409
Fax 702-543-6844


Web : http://www.HanksLVRealestate.com

Email HankLVRealestate@aol.com


Never look down on anybody...unless you're helping them up.
0 votes Thank Flag Link Sat Feb 25, 2012
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