Home Buying in Las Vegas>Question Details

Alex, Home Buyer in 10312

Las Vegas RE Investment Question

Asked by Alex, 10312 Sun Feb 1, 2009

Hello, I have been looking into purchasing an investment property in Las Vegas. I am not from the area so I am wondering what type of properties (condo,coop,single fam) and mainly which nieghborhoods, offer the greatest upside potential in the current market? Also which nieghborhoods are most attractive to renters(transportation,amenties, convenience ect)? Many thanks in advance.

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Answers

3
Good morning Alex,
Las Vegas is a wonderful place to live and work. There are many Communities that fit your investment needs. I work with many clients that work at the Venetian Hotel and other Hotels around Town some clients look to rent some wish to own property.
I have a condo that I will be listing in the spring with great renters in place.
In fact yesterday the owner and I met with the renters to let them know that the condo will be up for sale in the spring. They showed a desire to stay.
Perfect investor situation with good renters in place that pay on time and take care of the condo.
I would like the opportunity to send you information on investment properties around town along with community information.
Best of Luck to you
Enthusticaly
Helene M Moore email: helenem@windermere.com
Web site: http://www.MooreVegasHouses.com
702-275-2192
0 votes Thank Flag Link Wed Feb 4, 2009
Hello Alex,

I want you to read the blog I just wrote about an investment property I just purchased for myself. I just closed escrow on this house ten days ago.

Click on the link below for more information. I am well versed on invesment properties and have helped many out of state and international clients find properties to suit their needs.

Ron Johnson
Elite Realty
702-595-9743
rjrenv@cox.net
0 votes Thank Flag Link Mon Feb 2, 2009
Hey Alex,

It sounds like you are on the right track to making a great decision. Investing in real estate in the Las Vegas area is an excellent idea right now. The rental market is booming too. There are many tenants in the current market due to all of the foreclosures. Many families are having to move out of their home and rent a place to stay for a while. This benefits any investors jumping into our market.

The one decision you will have to make about the property that you purchase is the difference of a condo and a single family home. A condo will usually have much higher homeowner association dues, yet there is literally little to no maintenance. A single family home will save you some money on the monthly HOA dues, but you will have yard maintenance and property upkeep. So it will depend on what you want your bottom line to be. There are also certain neighborhoods that you should consider for either of these choices. A great neighborhood will go a long way when it comes to getting the most rent for your property.

I know of some excellent locations and properties in this current market that will easily give you a positive cash flow. They will also be a good investment for your money for you to buy and hold them for a while so you can gain some equity down the road. I hope this answer gets you on the right track. Feel free to contact me so we can talk about your situation. I know I can help you with what you are looking to do. Many of my clients are purchasing some great investments right now and they are extremely happy with my services. My contact info is below if you decide to call me. Hope to hear from you. Take care.

Len McGuirk, Realtor
Prudential Americana Group
Direct: (702) 203-6688
RealtorLen@cox.net
0 votes Thank Flag Link Sun Feb 1, 2009
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