Lila, Home Buyer in AP 96319

We'd like to buy a house in a decent neighborhood and stay for 4 years. With recent market

Asked by Lila, AP 96319 Sun Jun 1, 2008

condition what is the chance of rent it out later and make it a good investment in the future?

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Unfortunately, nobody can predict the future. However, an honest answer to your question is based on what we know now. If you find a home you like and can afford, your Realtor can show you what that house is currently renting for in that area. You can then decide if that rental income would cover your mortgage, HOA, taxes and property management fees. With that information, you should be able to make an educated decision. As of today, there are many homes that can provide positive cash flow, however in most cases, you would need to put down a sizeable downpayment (20% or more). I wish you luck in your search!
1 vote Thank Flag Link Sun Jun 1, 2008
I also live in North Las Vegas and would recommend Aliante as a good area to look at. It is new and has a lot of community featrures that would make it a nice place to live e.g. the Nature Park in the middle of the community, miles of walking trails, playgrounds, and good schools. It is miles from the strip, but the free ways and the Beltway make it easy to get to any area of town in just a few minutes. But read Mark Karten's comments on the unpredictability of the future conditions. He is right on the mark about that.
0 votes Thank Flag Link Sat Jun 28, 2008
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