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Rent vs Buy in Las Vegas : Real Estate Advice

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  • Home Buying1K
  • Home Selling172
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Activity 8
Mon Aug 12, 2013
Donald J. Leske II answered:
I own a Real Estate Brokerage in Tacoma Washington. We specialize in renting single family homes, but have a few apartment buildings and some commercial. I have BANKS that have hired us to rent their properties that will not sell.

Just FYI. Some Banks do rent their properties, rather than have them sit empty.

Donald J. Leske II
Managing Broker / Property Manager

BCI PROPERTIES, LLC
BBB A+ Rated
10909 Portland Ave. Suite-L, Tacoma WA 98445
Office: (253) 531-1010 | Fax: (253) 531-5358 | Cell: (253) 241-6695
www.BCIrent.com - Rental homes & Property Management
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1 vote 4 answers Share Flag
Thu Apr 11, 2013
Robert Adams answered:
How do you plan to buy the new home (cash or financing)?

If cash this is simple. You simply purchase the new home with cash and can list the other property for rent. We can help you with both of these transactions.

If you plan to finance the new home you will need to get preapproved by a loan officer. They can often times use your expected rental rate for the old home to help lower your DTI (Debt To Income) ratio. Once you have your financing in place you can submit offers on new homes. Then you can list the old home for rent. Once you get preapproved we can help you with both of these transanctions as well. If you do not have a loan officer that you work with please feel free to email me directly and I can forward you the contact info of the lenders we work with.

Please let me know if there is anything else I can assist you with.

Best Regards,
Robert Adams
Broker/Salesman
The Adams Team at
Rothwell Gornt Companies
C:702-349-9175
O:702-932-8813
F:702-932-8826
RobertAdams@LVrealestateHELP.com
http://www.LVrealestateHELP.com
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1 vote 9 answers Share Flag
Mon Apr 8, 2013
Alison Rosenow answered:
I've noticed an increase in sales of home warranty packages for buyers and sellers. I've heard many great things about them. Just be sure to shop around rates and plans!
1 vote 6 answers Share Flag
Mon Apr 1, 2013
Becky Zisk answered:
I know it is if you "Own" the house but "Renting" I am not sure. Ask an accountant and they can tell you. Good Luck. Becky
0 votes 1 answer Share Flag
Mon Jul 16, 2012
Wendi Williams answered:
Hi, Moe. We have a rent to own division of our real estate brokerage here in Las Vegas, NV. Our websites contain tons of useful information regarding rent to own houses (lease/options) as well as conventional purchases. I hope these links can be of help to you. http://www.LVLeaseOptions.com
http://www.LVPropertySearch.com
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2 votes 5 answers Share Flag
Fri Jul 1, 2011
Deluxe Realty answered:
Hi Steven,

You'll actually find that the cheaper the property, the higher the return. Also, Condo's / Townhomes will have a higher return. Feel free to contact me direct.


I am a licensed professional real estate Broker, and I focus in investment properties.

Though you may get some advice from someone who owns a few homes, be cautious, they may be upside down on ALL of their own properties, and may be inaccurately advising. In fact, be cautious of those who are not licensed real estate professionals and advertise lists.

I specifically deal with investment buyers, am averaging about 2-5 investment properties per week, and have put multiple portfolios together for over 25 clients. I'd love to provide you with more information, and available and recommended properties.

Cheers!

- -
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1 vote 2 answers Share Flag
Mon Jul 5, 2010
Turner7983 answered:
I 100% recommend Greenvalley. I have been in Las Vegas most of my life and in Green vallt for 4 1/2 years. I also and a substitute teacher for our school district and can tell you the the schools in green valley are the best you will find out here without going to private schools. I really cannot state enough how wonderful and area this is for a family. Greenvalley is technically Henderson which has been vored several times into America 100 most playful cities as we have many parks, golf course and rec centers here. As a mother I take full advantage of the ability to walk to wonderful, we kept parks and beautiful shopping areas such as the district.. I understand your fear 100% as we are also a military family who will be PCSing the end of this month.. I would recommend you check out the AHRN site which recommends off post housing. you can search for homes in Henderson specifically. I would recommend staying away from teh older parts of any city and they tend to be the least family friendly.. If you need any more help please email me and we can talk on the phone.. its hard to find real truths and I know as a military wife how unnerving that can be.
JT
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1 vote 8 answers Share Flag
Mon May 18, 2009
Len McGuirk answered:
Hi Nancy,

It will depend on how much you have rebuilt your credit since you filing chapter 13. If you have a decent credit score and the bankruptcy was over 4 years ago, a lender may look at you as being a possible customer. It will depend on the lender as well.

If your husband has decent credit and makes enough money to qualify for a small home, then that may be a better possibility for you both. He might be able to obtain a loan without your income and credit and also get the first time home buyer credit. With an FHA loan you would only need 3.5% for a down payment too.

Feel free to call me and I will be happy to get one of my lenders to contact you to discuss your different options. If it will all work out, I would be happy to work with you and help you find a great home. Hope to hear from you.

Len McGuirk, Realtor
Prudential Americana Group
Direct: (702) 203-6688
LenM@AmericanaGrp.com
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