See http://=www.trulia.com%2Fvoices%2FHome_Buying%2FWhat_is_Transaction target="_blank" rel="nofollow">http://www.trulia.com/voices/Home_Buying/What_is_Transaction
Thereâ€™s a lot of input on that page discussing the reasoning for agents to charge a transaction fee. I hope that helps.
I see many answers to your question so there is no need to answer it again.So what I want to say is that I am able to purchase properties at the foreclosure auction for you. Our team can purchase, rehab and market the rental listing. If you want to buy and flip we can show you our profitable track record. I would love to talk with you.
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.
See our website for lots of info: http://lvpropertysearch.com/category/las-vegas-investment-ho
See our video on finding tenants: http://lvpropertysearch.com/landlord-videos
Keep in mind that commissions are negotiable. Before signing anything, you might want to find out how your agent will get compensated. It's not that I had any problems with paying my agent, but I didn't want the bank to pass the buck (pun intended) to me on this.
Yet, that arrangement--although it's still not necessarily the norm--is somewhat more common in commercial.
Ultimately, whether or not the commissions are paid via the seller's proceeds from the sale, the buyer ends up paying for the commissions. So it's wise to price that into one's offer.
Thank you all for taking the time to answer my questions. Greatly appreciate it!
Another question: Is it legitimate for a buyer's agent to charge buyer a fee when a property is found? I thought agents get compensated from the seller's commision already.
Her fee is 10% and I never have any problems. I factor in the 10% on all my foreclosure purchases, and I still get positive csh flow and 15% ROI on 25% down
David Cooper Las Vegas Foreclosure Investor in Bank Owned Houses with cash flow. email or call for Freee List +1-7024997037 not a real estate agent
Both zip codes are wonderful areas of the Las Vegas Valley. I just want to share with you that a lot of Las Vegas tenants are looking for great properties to rent and most don't have very good credit or really crappy credit. But, it doesn't mean that they won't be great renters. Penny
Las Vegas sales for March were over 3300 for SFR and my 35 years investing in Las Vegas tells me this is the best time for investors to get positive cash flow, low interest rates and potential appriciation
Dvaid Cooper Las Vegas Foreclosure Investor in Bank Owner REOs with Cash Flow. Call +1-7024997037
or email for Free list not a real restate agent
I live in 89129, and have been in this area for over 10 years. I just love it! Property values have held better in some areas of Las Vegas than others. We have not had the decline that other neighborhoods have experienced. To answer your questions, there are many areas in Las Vegas that are great for investors, these areas inlcuded. A lot depends upon your goals and your criteria, This is where a great professional like myself can help you make a wise investment of your money. Rents can vary, beginning under one thousand and going into the thousands of dollars depending on the type of property, if it has a pool, etc, so there is not a typical rent. I can tell you, that it is easy to cash flow rental amounts higher than your loan, for immediate return on your investment. At Coldwell Banker Premier, we have an investor division. I have a matrix system that mathmatically calculates everything from cap rate to equity appreciation potential. Most out of state home owners use a property manager to find quality tenants, so I would refer you to my team of preferred property managers. If I may be of further assistance, please feel free to contact me.
Sincerely, Diane Varney 702.401.0307
Thereâ€™s a lot of construction on the 95 N. The freeways is widening allowing for more lanes between Rainbow and the 215 Interchange. You may want to discuss with your property manager what their plans are for advertising a unit for rent knowing this will be a common objection right now. Once the construction is complete your renters drive into downtown shouldnâ€™t be so much of an issue.
I donâ€™t personally do property management, but if you need a property manager, I have a few to refer you to. Because so many homes in the NW were purchased by investors, itâ€™s an obvious place for renters to look when searching for a home for rent.
The average rent for an 1800 + Sq. Ft. Home, is about $1400 monthly rent.
I have a renter that is looking for a home to rent in that specific area.
E-mail me with any questions at Vegasok@aol.com