Home Buying in Las Vegas>Question Details

Radzi Buckman, Home Buyer in Washington, DC

I am looking to invest upto 50K in cash to acquire a 2 bed house in Las Vegas, NV. Possibly within the next 3 months.

Asked by Radzi Buckman, Washington, DC Tue Mar 26, 2013

I would like a home that is in move in condition, with very minimum or no HOA type fees ($350-400 yearly is acceptable). If you can provide me with advice on good areas (safe, not overly remote) it would be great.

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Answers

9
This market no longer exists. Housing prices in Las Vegas are going up. Very difficult to get any homes let alone one for $50,000.
1 vote Thank Flag Link Tue Mar 26, 2013
Here is a link to 24 properties that have min 2 bedrooms, SFR, and are $50k or less. This includes all areas or Las Vegas, Henderson, North Las Vegas, and Boulder City. (quite a few of these were manufactured homes that were concerted to real property.)

http://las.mlxchange.com/DotNet/Pub/EmailView.aspx?r=5452574…

Have you thought about leveraging your $50k as a down payment and getting more house for your money?

Please feel free to contact me directly to discuss this further or fill out our Buyer's Form here so we can get you set up to receive properties that match your search criteria: http://lvrealestatehelp.weebly.com/buying-real-estate.html


Best Regards,
Robert Adams
Broker/Salesman
The Adams Team at
Rothwell Gornt Companies
C:702-349-9175
O:702-932-8813
F:702-932-8826
RobertAdams@LVrealestateHELP.com
http://www.LVrealestateHELP.com
0 votes Thank Flag Link Fri Mar 29, 2013
concerted = converted
Flag Sun Mar 31, 2013
Dear Radzi from Washington, DC. You will need more thsan $50,000 to invest in a house, and if you want to even mske s $50,000 down pay, you will need to get prequalified.


David Cooper 702.499.7037
davidcooper@lasvegaswinner.org
0 votes Thank Flag Link Thu Mar 28, 2013
If you send me info regarding the type of home you are looking for I would be happy to assist you with find a home to purchase. The easiest way to get this info to me is to fill out our "Buyer's Form on our website here: http://lvrealestatehelp.weebly.com/buying-real-estate.html


If you have specific address you are interested in you can read below to check recent crimes and school ratings in that area.

Please see the following links to check crimes that have occurred recently around addresses that you plug in.

The Las Vegas Metropolitan Police website covering Clark County and the City of Las Vegas, has a page where you can search crime statistics. We've included the link below.
http://69.69.103.31/crimeviewcommunity/

For areas covered by N. Las Vegas police:
http://www.cityofnorthlasvegas.com/departments/police/CrimeS…

For the City of Henderson:
http://www.cityofhenderson.com/police/crime_search.php

This is the link to the Clark County School District. Again, you can enter in the address you are interested in and it will pull up the schools zoned for that specific house. There are reports and ratings on each school, this will give you a better idea of how well that each school is performing. Once you enter the address, you can click on the school name, then click on the school website and on their front page look for the "2010-2011 Accountability Report". This will give you very detailed information on each school and how they are performing.
http://ccsd.net/schools/zoning/search/


Best Regards,
Robert Adams
Broker/Salesman
The Adams Team at
Rothwell Gornt Companies
C:702-349-9175
O:702-932-8813
F:702-932-8826
RobertAdams@LVrealestateHELP.com
http://www.LVrealestateHELP.com
0 votes Thank Flag Link Thu Mar 28, 2013
2 bedroom houses are NOT the kind of investment that makes sense in Las Vegas. Your best. appreciation potential is 3 to 4 bed. However, 2 bed condo is possible for the $50,000 but then you will have HOA around $100 a month. We are now down to a 6 dsays supply of housing inventory, and the spring buying season has just begun. You can get more info thru my website


David Cooper 702.499.7037
http://www.lasvegaswinner.org
0 votes Thank Flag Link Tue Mar 26, 2013
Hi Radzi

There are just few two bedrooms condos at $ 50,000. The monthly association fee are mimimum $ 100 for condo.
As far as Single Family Homes, its hard to find house under $ 100,000 with multiple offers sbove list price.

You can also use bank's financing with mimimum 25% down payment and leverage .

For more information please contact me at 702-612-7099 or email me at Rena@cvegashomes.com.

To search for all the homes in Las Vegas, visit http;//www.cvegashomes.com

Rena Levy
Broker/Associate
Certified International Property Specialist
702-613-7099
cvegashomes@gmail.com
Realty Executives
Web Reference: http://www.cvegashomes.com
0 votes Thank Flag Link Tue Mar 26, 2013
Mr. Buckman
I will have to agree with Myra's answer. There is a very short supply of homes in Las Vegas. I think the Days of $50,000 dollar properties is over. If you find a condo in that price range the location is most likely not the best area and there is probably a good amount of rehab. There are always exceptions to the norm . The old adage of Supply & Demand is what is happening in the Las Vegas market.
Thank You
Suzie Marquardt
Fahrnyteam@yahoo.com
0 votes Thank Flag Link Tue Mar 26, 2013
A 2-3 bed condo would be more in the range that you want to invest, there are plenty in that criteria in all areas of the Las Vegas/Henderson Valley. Please email me for specific info



Sincerely
Frank DiGangi
702-401-1180
Henderson Valley Realty
702realestate@gmail.com
http://www.vegas-henderson.com
0 votes Thank Flag Link Tue Mar 26, 2013
There are homes in that price range. Especially if you are using the property as a rental. There are also townhomes and condos. Contact me for more info.

Thanks,

Nakia Woodson
NakiaWoodson@yahoo.com
702-318-1244
0 votes Thank Flag Link Tue Mar 26, 2013
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