This can work out either way to your benefit.
You just have to get your feelers out there and see whats available.
I strict criteria, combined with proper budgeting and persisitance for this market will get you a home to fit your needs.
Give me a call when you have the time and we can discuss this further.
Hank Lauzon III
Exit Las Vegas Realty Center
6600 W. Charleston #119
Las Vegas, Nv 89146
Web : http://www.HanksLVRealestate.com
Never look down on anybody...unless you're helping them up.
Read some books, attend some seminars, go to lots of open houses and talk to the agents and find out what is happening in that particular neighborhood.
Hold on to your money until you know exactly what your doing.
If you are serious and want to make a long term investment on your money
Call me leave voice mail as im out of the office looking for great properties to sell.
Ps There are many great agents on this site so you cant go wrong with any you choose.
Helene M Moore
Windermere Prestige Properties
cell phone 702-275-2192
In regards to buying at the trustee auctions I would not recommend this unless you have a lot of experience doing this. ALL the properties are "good deals" down there if you are strictly looking at the purchase price vs what the property comps for. However, your profitable purchase soon disappears when you find out that there are taxes, liens, assessments, HOA fees, etc. In order to be successful at these auctions you have to have to know what homes are going to be good deals at the end of the day and which ones to stay away from. They give you very little time to research these properties to know what you are buying so you are often times guessing. You never want to buy a property when you are guessing. My 2 cents.
Rothwell Gornt Companies
HUD Properties + Government Foreclosures can be bought at close to auction prices without the hidden dangers of unreported defects.
DAVID COOPER HUD Properties + Government Foreclosures at substantial discounts
7024997037 35 years experience at Since 1917 Realty. Any Questions????
Congratulations on your decision to purchase a home! Before I could make some recommendations, I'd like to get more information from you. 1. What are your goals and finanical expectations are as it relates to the property. (rent it, live in it, flip it, ect.) 2. I would also want to know which resources you had at your disposal (vendors, contractors, inspectors, ect). Once I've got all the information, then we would put together a game plan and hit the ground running. Right now, the properties you are considering are receiving mutliple offers. So it's important to find an agent with good experience.
If you are still looking for the right agent to help, give me a call at 702-517-3078 and we'll see if it makes sense for us to work together.
Thanks and good luck!
Having done quite a bit of research for myself, I have a neighborhood I like that I think you should look at. It's true that you want a good location, but at that price point, you're going to be in a lot of neighborhoods that aren't the best. Well, in the neighborhood I really like, an investor I was working for bought a home for 60k, put 10k into it, and sold it for 123k,. It was a very good deal, but I think the area is often overlooked.
You're definitely going to want to get something you can fix up. It's way easier to negotiate a good deal when it needs a lot of work, and you'll build way more instant equity if you can get the right deal.
The auction is over-hyped in my opinion. We can check it out, but a lot of the investors have been shying about from it recently because the competition has become too fierce. Too much risk and not enough reward anymore.
Let's talk and I'll give you some good ideas of where your money will be best spent. Thanks,
Purchasing single family home and fixing it would be more beneficial to you. The savings are in buying homes that are in need of repairs!
Most of my clients are buying homes that are in need of repairs/rehab for a low prices. Once escrow closes, we have a licensed professional constructor that rehab the properties for great prices. The majority of the properties, the resale price is lower than the comparable market in the same subdivision and the property is in good condition after rehab. Tenants prefer to rent nice properties in good condition.
We have a special professional team that is licensed to guide you step by step . Please contact me at 702-612-7099 for a FREE investment consultation.
You can visit http://www.cvegashomes.com to search for investment properties.
Realty Executives of Nevada