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Investment Properties in Las Vegas : Real Estate Advice

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  • Local Info68
  • Home Buying303
  • Home Selling35
  • Market Conditions35

Activity 13
Mon Jul 18, 2016
Erika Bentley answered:
89115 is not a fabulous area, however, it is close to Nellis Air Force Base. Typically the folks stationed at NAFB tend to rent a bit further west from that location, more around Pecos/Tropical, Pecos/Centennial area which is actually NLV. The entire city is under the same school district, however, again the quality of school/teachers just varies from one neighborhood to the other.
I would suggest checking LVMPD.com for crime statistics in the area you're looking as well as CCSD.net for information on school rankings in the area.

Also, you can checkout the neighborhood link I have provided. It has 10 of the more well known communities that would be good to invest in.

Regards,

Erika Bentley
Bentley Realty Group
... more
0 votes 1 answer Share Flag
Sun Apr 24, 2016
Danaj4542 answered:
I currently own 2 homes in Spanish Trails. They have been very good investments. My job is moving me to California, so I am going to sell them. Both are rented and the rents are very strong in Spanish Trails. If you are interested in more details email me at danaj4542@gmail.com. ... more
0 votes 10 answers Share Flag
Sat Apr 23, 2016
Lisa Avila answered:
I recently provided an investment property worksheet to one of my investor clients. All 5 potential buys showed a positive cash flow. So to address your concern about ROI (return on investment), you may be in a better position than you think. Better than having the property just pay for itself. ... more
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Sat Feb 20, 2016
Robert Adams answered:
Just curious how did your investment property in Vegas go?
0 votes 2 answers Share Flag
Sun Feb 22, 2015
Diann Tonnesen answered:
You have already received some good advice on this - what makes a "good" or "bad" neighborhood is often based on personal preference. You need to get out and explore neighborhoods on your own - I always recommend going about the time when people are getting home from work. That way you cold even stop a few on the street and ask them what they like or dislike about their community. Most people LOVE to give you their opinion!

If you are concerned about crime, here is the Las Vegas crime statistics web site and you can draw your own conclusions.

http://www.crimemapping.com/map/nv/lasvegas

It's pretty cool once you get used to how it works. To start, simply enter a property address at the top to search. When that specific property's area map opens, you can adjust the criteria by using the tabs above the map for crime types, dates, etc. The date will only go back for the past six months, but if you use the same criteria consistently it will give you a great idea of how much relative crime there is within a certain radius of a given address.

I like to search by zip codes myself. You can plug in the address as "89149, Las Vegas, NV" and pull up everything within a mile radius.

If crime is your main focus, you may want to locate lower crime zip codes first and then look for homes within those zip codes rather than looking for a home first. You can go to this site and search for homes by zip code:

http://www.greatlasvegashomes.com/las-vegas-zip-code-map.php

If you have any other questions, just shoot us an email at sold@greatlasvegashomes.com. We have been agents here more than 30 years, so we should have the answers. :)

Hope this helps!

Diann Tonnesen
Berkshire Hathaway HomeServices
sold@GreatLasVegasHomes.com
702-985-7654

The Tonnesen Team - with over 30 years of experience helping families call Las Vegas "home!"
... more
0 votes 4 answers Share Flag
Tue Feb 17, 2015
answered:
Hello,

I just took a second and read your question, also took a minute and read all of the replies.

The one thing I find funny is no one has made any reference to the ROI being gross or net. Eight to 9 percent gross can be done all day long. Now what you net is a different story.

Between my husband and myself we own multiple properties throughout the valley and manage quite a few as well. This is true for both residential and commercial.

Right now we are seeing returns on SFR properties within the 89123 postal code at about 4.5 % to 6% net. A blue chip area. Gross they are at about 7.5% to 8% gross. So you loose a few points after management fees, taxes, insurance, vacancy calculations repairs etc.

Take that same house and put it in North Las Vegas and we see ROI at 6%to 8% net. Not so much a blue chip stock anymore. My experience is eviction rates are higher, vacancy rates increase, tenant life expectancy within the property half of that of southern Las Vegas. Gross return ranges from 8% to 11% gross.

These examples are all real world examples of properties we own and or have purchased within the last 5 years.

With regards to multi family properties. The ROI is significantly higher. You are looking at an average of 9% to 11% net ROI with a gross of 9.5% to 14% gross. Obviously turn rates are higher, vacancy rates are higher etc. A higher risk investment brings a higher return.

I hope this helps.

If you would like to discuss further or have additional questions feel free to contact me at your leisure.

Respectfully,

Becky Cordova
702-612-1584
becky@canamrealestateservices.com
... more
0 votes 6 answers Share Flag
Tue Feb 17, 2015
answered:
Many of the hi rise towers do allow this.

Between my husband and myself we own quite a few investment properties throughout Las Vegas.

If you're looking to buy a property for investment within one of the towers their are a ton available. If it is merely for investment there are other properties that would perhaps be better suited for you to park your money.

The HOA fees within these towers tends to be high and takes away from the return on investment. That is my experience.

Let me know if I can assist further.

Respectfully,

Becky Cordova
702-612-1584
... more
0 votes 4 answers Share Flag
Fri Jan 10, 2014
Jessica Hood & Laura Roskelly answered:
Hi Oby,

I have some GREAT Realtor connections in Las Vegas that can help you navigate that market and find the best deal. Message me for info.
0 votes 27 answers Share Flag
Fri May 10, 2013
Robert Little Group answered:
For 200 cash your highest ROI right now would be a 4 plex. I can find you a really good one , probably fully rented, with property management. I am seeing gross rents around $2000 a month. My investors have been very happy with the deals we are getting, especially with the heavy competition on SFR's, where ROI is deminishing. Call me today. ... more
0 votes 8 answers Share Flag
Mon Mar 11, 2013
William Meyer answered:
We charge between 8 to 10% depending on the property. We are a full service property management company. We also can help you find the right property and secure top market rent in the shortest period of time. Visit us at www.lasvegasmanagement.com. Thanks! ... more
0 votes 9 answers Share Flag
Thu Feb 21, 2013
William Meyer answered:
We are a full service property management and investment company. We can help you find an investment property and manage it for you. Our website is www.lasvegasmanagement.com. We like single family homes. 4 bedrooms is a plus. We like long term tenants. If you have any questions, please feel free to call me at (702) 499-2445 or email at lvpmi@hotmail.com ... more
0 votes 5 answers Share Flag
Tue Nov 6, 2012
Mark Fleysher answered:
I'd recommend speaking with local lenders.

In essence you'd probably need to show income (and taxes, +) in the U.S. for you or your corporation for several years. You may also try some of your Canadian banks, perhaps a line of credit... ... more
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