What is the best area to invest in a single family home for rental purposes? Is $100,000 a realistic price?

Asked by Nancy, Los Angeles County, CA Thu Apr 11, 2013

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David Cooper’s answer
David Cooper, Agent, Los Angeles, CA
Thu Apr 11, 2013
Could be a great investment if you can find a 3+2 built since 2000 with at least 1500 sq ft.
Call Limestone Investments 702-530-7707 for current list

David Cooper Investing in Las Vegas since 1994
0 votes
Rena Levy, Agent, Las Vegas, NV
Thu Apr 11, 2013
Hi Nancy,

I just pre-listed a Single Family Home for sell that is not listed in the MLS. Four bedrooms with two baths and two car garage. Living area is almost 1900 square feet on a 6900 sqf lot. It has family room and living room . It was just remodeled and looks great.
Seller is asking $ 150,000 and is below comps. If you are intereste, please contact me at 702-612-7099

Rena Levy
Certified International Property Specialist
Realty Executives
702-612-7099 Direct
Web Reference:  http://www.cvegashomes.com
0 votes
Peggy Wu, Agent, Las Vegas, NV
Thu Apr 11, 2013
Near center of the city will be easier to rent. But house is older.

Peggy Wu
0 votes
Jimmy Chickey, Agent, Las Vegas, NV
Thu Apr 11, 2013
Linda is correct. The average price in Las Vegas just jumped to $161,000. The only area that might get close to$100,000 would be the North side. Also, of the homes sold under $150,000, 72% of the accepted offers were all cash. There is lots of competition right now - mostly due to the lack of inventory. Check out this video for details. http://www.youtube.com/watch?v=-G2qrWefrBA
0 votes
A. Ron Evang…, Agent, Las Vegas, NV
Thu Apr 11, 2013
Nancy: There are two areas that I recommend to investors for the reasons you state:
1. Centennial Hills (Northwest LV)
2. Mountains Edge (Southwest LV)
The reason I suggest these areas is this is where all the NEW building has taken place over the last 10 years & an area where lats of folks lost homes.
I think you are a bit shy of the realistic market at $100K. You should probably set you sights-if you can afford-on $150-$170K
0 votes
Linda Stewart, Agent, Las Vegas, NV
Thu Apr 11, 2013
There are many areas that tenants choose for their home. In our current market of 45%+ offers being from cash buyers, prices are quickly on the rise. a purchase price of $100,000 may not be as realistic as it was two years ago. Please contact us to discuss your options: The Stewart Team, Realty Executives of NV~ Email: Joe@JoeandLinda.com, Direct: 702-313-8100, Text: 702-596-1351
0 votes
Myra Gouger, Agent, Las Vegas, NV
Thu Apr 11, 2013
Any area is good. $100,000 not too realistic any more.
0 votes
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