Also, check out this Investment Property Analysis Calculator to help you analyze your real estate investment in Las Vegas:
If you can afford the home It would proably be better choice because from what Mortgage
Brokers tell me that homes are easy to ge financed and down the would be easier to sell.
If I can be of further assistance and answer
Any of your other questions please contact me
Realty One Group
I KNOW LAS VEGAS AND HAVE FOR 40 YEARS
avid Cooper Investor 702-499-7037
I would not buy a condo at this time. I might consider a Townhome, though. My name is Diane and I am a Realtor, but for 23 years I have been an Investor/Landlord. You didn't say if you were buying the unit as a resident or an investment, but the answer is the same.
Here is the scoop on condo's. Resale is difficult and getting a mortgage is hard as well, because many condos are used as investments. If a condo complex has more than 50-65% rentals in it...FHA will not finance you. Second, is the resale. A condo is simply the purchase of space. It contains no land and...although this is unusual, if the Association (the other owners) decide to sell out to a builder who wants to put up a high rise...you will be forced to sell along with them. A home or Townhome has land under it, and it is decidedly better if you are looking for value. and it is possilbe especially in Summerlin to purchase a home that is smaller which would save on power and heat and one with little or no landscaping headaches. Many complexes also have pools and Summerlin itself has many amenities including a community pool. Hope this helps.
Matthew and Kim Dâ€™Ercole
Buyer / Investor Specialists
One Source Realty and Property Management
Cell - 702.501.0973
Website - http://matthewsellslasvegas.las.mlxchange.com