Home Buying in 89135>Question Details

Jay, Home Buyer in Los Angeles, CA

what means not to buy in old neighbourh. and old house/apt.?

Asked by Jay, Los Angeles, CA Fri Dec 13, 2013

hello

Im thinking about bying an apartment for short rentals so that also my family and me can enjoy it when want to have fun, or for business, attending the events at convention center.

I see many advices not to buy in old neigh. and older home but not sure actually what it means. Which neighborhoods are older and what years do you consider as old?

Thank you !
Jay

Help the community by answering this question:

Answers

9
Keep an Open Mind and go with a good Local Realtor.

Look at http://www.crimereports.com
0 votes Thank Flag Link Thu Jan 2, 2014
you cannot rule out properties because it is new or it is old. You must weigh the advantages of the property vs how much it is to buy verses in this case how much profit you can yield. The only thing you can say is how much is it for improvements on house. But there are some very very very old houses in England which I would love to buy but cannot afford.
0 votes Thank Flag Link Thu Jan 2, 2014
Hi Jay,

I suggest you do not close you mind to any opportunities. It looks like you would like to enjoy nice rental income properties so you can enjoy you time. I would love to help you create this type of lifestyle with some very clever investments.


Search http://www.Las-Vegas-Real-Estate-Home.com

Regards,

Phil Scheinman, ABR, GRI, E-PRO
Broker * Sales Agent * Realtor
Realty One
2831 St. Rose ParkwaySte. 100
Las Vegas, NV 89074
Direct: 702-580-9198
Fax: 702-405-7659
E-mail:smokey25@cox.net

http://www.philScheinman.com
0 votes Thank Flag Link Wed Dec 18, 2013
Sorry, I meant to say there are not many places under $100k that are really nice like the ones between $100k and $200k. (Trulia doesn't let you go back and edit your responses!)

Some of the listings between $100k and $200k are in guard gated newer developments that would make an ideal "lock and go" vacation home for you and your family, and they are right on Las Vegas Blvd South, making it easy to get to the Strip.

Diann Tonnesen
Prudential Americana Group Realtors
sold@GreatLasVegasHomes.com
702-985-7654

The Tonnesen Team - with over 30 years of experience helping families call Las Vegas "home!"
0 votes Thank Flag Link Tue Dec 17, 2013
Jay, we have a WIDE variety of price ranges here in Vegas! Below I have placed a link to different listings of condos that are close to the Strip so you can see what I mean. I didn't go over $200k, because you can get something very nice for under that amount. But you will see that there are not very many places under $100k either.

Under $100k: http://www.greatlasvegashomes.com/idx/?refine=true&searc…

$100k to $150k: http://www.greatlasvegashomes.com/idx/?refine=true&searc…

$150k to $200k: http://www.greatlasvegashomes.com/idx/?refine=true&searc…

Hope this helps!

Diann Tonnesen
Prudential Americana Group Realtors
sold@GreatLasVegasHomes.com
702-985-7654

The Tonnesen Team - with over 30 years of experience helping families call Las Vegas "home!"
0 votes Thank Flag Link Tue Dec 17, 2013
Thank you for your answers and info.
Then i think this is what i need:
"what you are looking for such as the strip is surrounded in older communities so one wanting easy strip access would have an advantage by looking into the older communities"
- i want an easy strip access that means probably 2 miles distance max.?
Max 1 bedroom, cash, in which part of the year its better to buy?
Would price range can i expect?
Thank you!
Jay
0 votes Thank Flag Link Mon Dec 16, 2013
Hi Jay, I am not sure why someone would say not to buy an older home or condo w/o having a specific reason that would pertain to what the person asking the question was looking for. There are advantages to buying in an older community just as there are advantages to buying in a newer community, it just depends on what you are looking for such as the strip is surrounded in older communities so one wanting easy strip access would have an advantage by looking into the older communities just as one who enjoys hiking would be more likely to prefer the newer communities as far as convenience. Older communities "generally" also mean lower or no Hoa dues. It simply depends on each buyer and what their needs are.

As far as how many years is considered old? That again depends on what each buyer considers old. Obviously most would consider a home built in the 40-50's as an older home but not everyone will agree that a home built in the 80-90's is old. All in the eye of the beholder.

I would like to help you with your search for a short term rental that would also fit your family's needs for when you do come to visit. I would need to hear what your thoughts are as well as your criteria to understand what may/may not work for you.

Feel free to call/email me so we can discuss this further!

Laura Bauer
Foundation Realty, LLC
702-370-1072 - Direct
LAURI365@AOL.COM

http://www.trulia.com/voices/profile/Real_Estate_Pro-Las_Veg…
0 votes Thank Flag Link Fri Dec 13, 2013
Please call me for detailed answer to your question as it's very involved answer. Matt 702-5010973
0 votes Thank Flag Link Fri Dec 13, 2013
If this was already before answered please post a link to it
0 votes Thank Flag Link Fri Dec 13, 2013
Hi Jay, I have not seen this post before now!
Flag Fri Dec 13, 2013
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2016 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer