Home Buying in Henderson>Question Details

Raimond Pave…, Home Buyer in Las Vegas, NV

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Asked by Raimond Pavely, Las Vegas, NV Mon Sep 8, 2008

I've noticed that buyers have started to come back to Las Vegas and I see that the prices are slowley rising. is this a good time to buya house in an attempt to try to flip it 6 months to a year from now?

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5
. In terms of buying to flip nobody really knows whats going to happen in the next six months . When you are looking for a good investment purchase a home thats in a desirable location with a competitive price point. Many sellers are very willing to negotiate the asking price . Research communities before you make a decision to purchase than consult with a Full Time Realtor get all the information you need to negotiate a sale.Remember when you make a purchase Location Location Location
Good Luck
Helene M Moore Windermere Prestige Properties
0 votes Thank Flag Link Fri Oct 17, 2008
Good Morning Raimond,
This is an excellent time to buy! As for "flipping" in 6 months to a year...real estate usually provides a greater return when viewed as a longer term investment....3 to 5 years. If you want more details on the market, visit my web site, http://www.ctrhouse.com or give me a call 702-566-3843.

Happy Tuesday!
Shane Carter
Liberty Realty
Web Reference: http://www.ctrhouse.com
0 votes Thank Flag Link Tue Sep 9, 2008
It is undetermine with any real estate when to purchase and flip. There are so many factors involved from an investment stand point. Locate a great buyers agent who works with investors short/long term goals.
http://www.lynn911.com http://www.homes-for-sale-dallas.com
Web Reference: http://www.lynn911.com
0 votes Thank Flag Link Mon Sep 8, 2008
Raimond,

While there are better choices out there to "flip", keep in mind that flipping is always a gamble. Always know that you make your money on the buy and not the sell. There are properties out there that are 30% if not better under current market value, so you never know.

My honest and professional opinion would be to not buy an investment property that you could not financially carry for at least 5 years. Now, of course you can rent the property to offset carrying costs, but I like to buy thinking longer term and jumping on an opportunity should it present itself....that's where the flip comes in.

Of course this depends on what kind of purchase you are looking at making. If you have the capital to make a cash purchase and do repairs and upgrades, there are several remarkable opportunities out there. If you are looking at significantly financing the property and hoping for appreciation and a good under market value purchase to make the money for you.....I strongly suggest approaching the purchase with a longer term outlook.

Mike Dobranski, REALTOR®
Prudential Americana Group, REALTORS®
Las Vegas / Henderson, NV

702-370-3521
Mike@PrimeRealEstateLasVegas.com
http://www.PrimeRealEstateLasVegas.com
0 votes Thank Flag Link Mon Sep 8, 2008
The price would need to be at least 30% below value to even consider doing this right now
0 votes Thank Flag Link Mon Sep 8, 2008
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