The market is picking up in Vegas right now. Prices have been staying pretty much stable and in some areas starting to creep up a bit. This is due to the fact that we are a bit low on inventory right now. Many investors have realized the tremendous opportunity here and started to take advantage of it esp with the low rates and the first time home buyer tax credit soon to expire.
Banks have been holding on to properties as to not overwhelm and crash markets, so we currently are seeing many homes with multiple offers and selling for above list prices.
The rental market is still very strong although lately many landlords are making exceptions for things such as foreclosures on people's credit to rent the properties out.
There are many wonderful property management companies that I would be happy to recommend and of course you make the final decisions as to whom you would prefer to work with.
There are many hospitals in town and therefore many areas that can be seen as an opportunity depending on your price range and your long term goals for this property.
If you have any additional questions, comments or concerns, feel free to contact me. I have over 10yrs experience here in the Las Vegas valley and am here to be of service.
My contact info is as follows:
You can also search properties on my website at http://www.myglobalagent.com.
Good luck and have a wonderful day!
Nobody knows what property values will do right now. Some agents may just want to sell ASAP and tell everyone to buy, but there are other agents like myself that are honest with their opinion. I admit to everyone that I have know idea what will happen with the property values in the near future. Of course I have my own opinion, but it's only an opinion.
There is one very important factor to look at in this argument though that many people do not realize. If property values do in fact decrease a bit more, this means that more buyers will jump in as well. By this happening, there will be even more competition for the available homes on the market. This will eventually drive things back up again to a more balanced level. Bottom line, if you can get a great deal in this market right now, then buy right now. If people wait it out and the market drops a bit more, then that great deal may not be around because of your competition. Just a thought.
It is definitely a great time to be an investor in Las Vegas now. We own a full service real estate firm called PROPERTY SOURCE. Our investors are buying homes and immediately getting positive cash flow. Much better that what the banks can do for you now a days. We would love to help you in your search. We have been in Las Vegas our whole lives and know this town like the back of our hands. Our company handles everything from Land, commercial, investment groups, property management & residential. Our company focus is YOU & we have survived all of these years because of repeat business. Maintaining Professional Relationships are the key to our success. If there is any thing we can do for you please feel free to call us anytime.
Tom and Lisa Fehrman
I would be more than happy to work with you in finding some excellent rental investment deals! I know some excellent areas that are very close to some of the hospitals out here. The rental market is very strong right now and we shouldn't have a problem getting the properties rented for a decent amount. There are a lot of positive cashflow properties floating around the market right now. I also have several references for property management companies that I can connect you with when it is time to start the management process.
Feel free to call me to discuss your situation more in depth and I will work hard to get you what you need. By the way, most of my clients are investors, so I am very familiar with handling these deals. Hope to hear from you!
Len McGuirk, Realtor
Prudential Americana Group
Cell: (702) 203-6688
Fariba Raouf CRS, BA, BS
Prudential Americana Group
We have a specialized team that just handles rental investments. We would be honored if you would permit us to discuss your plans with you.
Feel free to search the Las Vegas MLS using our search tool at http://www.lasvegasmlsproperties.com and give us a call at 702-604-7739 to discuss your plans.
Ginger Lynn Jones
Management companies usually take approx. 10% - or + of monthly rent. I use to use management companies till they were destroying my homes took that side of my business practice myself manage....
GOOD LUCK !
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