Las Vegas, NV
I do not know the first thing about Australia... other than the Tennis matches they hold there, and a funny movie made in the 80s... What I do know is Vegas, and before you even think about purchasing an investment property, get your foundation in line first... For instance: If you will be collecting income from a property... and you do not already have one...In most cases you will want a Tax ID first... Otherwise Property managers are required to hold out funds for Good Old Unkle Sam.... RROI, ROI, CAP RATE, BLA BLA BLA... Get informed before you jump in, and have an Exit Strategy... There are a multitude of properties available that can positive cash flow, and net you a realisitc, and consistent 6-8 % return, sometimes a little more... You also need to keep in mind things such as purchasing in areas that are stable and hold value, as well as maintian a generally low vacancy rate, etc... REMEMBER...You can make 100 percent return from a tenant;but, if you can't rent it or have to turn the property every 6 months you are generally losing money..... Anyway... Good Luck to you.
Here is Las Vegas we don't really have what you call apartments for sale. They are condominums or condos for short. Las Vegas has many different homes and condos for sale thorughout the valley.. I do believe many more properties to come toward the middle of the year. The banks have lots of inventory right now that they are getting ready to release for sale.
Homes for the most part are selling for $100,000 - $120,000 for an approximately 1600 sf. home. 3 bedroom and den, 2 full baths and 2-3 car garages. You on average will receive around $1500 a month for rent. Of course this is all estimates.
Condos you can puchase for $45k on up and receive around $800 or more a month rental fee. But, of course you will have addtional HOA fees for the condo units. They run around $150 a month.
I hope that helps you out a little. Have a great day. Penny O'BRIEN with IRES
702.321.9383 PennysProperites.com or e-mail me @ Penny@pennysProperties.com
How will you hold the properties?
Sole owner, corporate umbrella (Inc. or LLC)?
I am not an attorney. I think you should look at consulting an attorney that practices real estate law.
Nevada has some favorable laws.
If you need a few names let me know and best of luck!
It all depends on what it is exactly it is your looking for, I have a client that is making 12% ROI annually on his investment. I have clients that haven't seen the property in person they have bought, they trust me to preview the home and send them videos of it then find them tenants for the property. My clients prefer this type of passive investment, becuase they can make a good ROI without doing a thing, just like investing in a bank but the investment is secured with real estate. If you would like to sit down and discuss plans, feel free to contact me, if not I wish you the best of luck on your search.
Currently have my house on the market here in Australia and have some other monies coming in soon, so will be looking to invest hopefully in the next 6-12 months.
Was talking to some friends last night that mention Vegas so thought I would start searching and investigating my options now.
hopefully will have about $350k to $450k to invest be it a few condos or houses depending on price.
Would want good and consistent rental return with a good area with growth as I would be looking 5- 10 years investment before considering selling.
Hope to hear from you.
As far as potential resale however, the single family home has much more potential right now than does a condominium. It is difficult right now to get financing on a condominium, so resale potential is limited on them vs a single family home. There are a lot of really good areas around Las Vegas to purchase an investment property. Conversely, there are areas I would suggest you avoid. A good real estate agent can help you find the area that fits your needs best.
Realty One Group
Call or email and we'll discuss what's best for you.