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Investment Properties in Nevada : Real Estate Advice

  • All108
  • Local Info6
  • Home Buying65
  • Home Selling17
  • Market Conditions1

Activity 97
Tue May 24, 2016
Widgeonrly answered:
Don't waist your time or money. This area has never taken off like it was advertised to happen. I don,t care that tCeline Dion lives there. Water is going to make or break Lake Las Vegas. ... more
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Wed May 18, 2016
Vdmtrn asked:
Hi, I am not familiar with the market in Reno at all, but heard from a friend that with Giga factory building near by, it might be a good opportunity. Thinking of buying an investment house/condo,…
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Fri May 6, 2016
Jcuenciojr asked:
Absolutely not, TR Realty and Allan Lovinger are the worst. Just google the company name and or Allan Lovinger and look under images to see some of the reviews they block with reputation…
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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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Wed Mar 30, 2016
Ms.cwoods61 answered:
Let me know if you need a loan to purchase the property.
0 votes 1 answer Share Flag
Sat Feb 20, 2016
Robert Adams answered:
Just curious how did your investment property in Vegas go?
0 votes 2 answers Share Flag
Mon Jan 25, 2016
Jennifer Harper answered:
Most Realtors can provide such lists free of charge. Feel free to contact me for a list.
0 votes 2 answers Share Flag
Mon Jan 25, 2016
Jennifer Harper answered:
There are numerous gated communities in Las Vegas close to the strip. Some are gated (electronic gate) and some are guard gated for extra protection. But to name a few of the guard gated communities close to the Strip would include Rhodes Ranch, Rancho Circle, Spanish Oaks, Spanish Hills and The Las Vegas Country Club ( (currently the home portrayed by Robert DeNiro in the 95 movie, Casino as Frank "Lefty" Rosenthal residence is available for sale in this community)

There are more gated communities then could be listed here, best to provide further details (price range, etc.) to narrow down your choices.
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Tue Jan 5, 2016
Robert Adams answered:
In Vegas the multifamily properties are in older areas as they no longer build new ones. If you go over 4 units it will be considered commercial and commercial loan guidelines will apply.

Due to anti-steering laws Realtors can not say one neighborhood is better than another. If you want you can use these links for crime mapping websites. You can plug in an address and see what recent crimes have happened in that area. You can also check out the CCSD website for school ratings etc. Please feel free to call me if you would like to discuss further. 702.349.9175 RobertAdams@LVrealestateHELP.com or fill out our buyer's form here: http://www.lvrealestatehelp.com/buying-real-estate.html

Crime links: http://www.lvrealestatehelp.com/blog/attn-buyers-use-these-sites-to-check-for-crimes-in-the-greaterlas-vegas-area

School link: http://ccsd.net/schools/zoning/search/
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Sun Dec 13, 2015
Jayrogers1306 answered:
Please visit this page, It may help:
http://nvrural.org/homebuyer-services/home-last/home-last-lenders
0 votes 2 answers Share Flag
Tue Nov 10, 2015
Robert Adams answered:
If you would like to email me the parcel number and your pay off amount I can have the title company prepare an estimated closing disclosure for you so you can see your bottom-line as well as all expenses associated with the sale.

Best Regards,
Robert Adams

NV Broker-Saleman & Team Leader of The Adams Team at Rothwell Gornt Companies
C:702-349-9175
F:702-932-8826
RobertAdams@LVrealestateHELP.com
http://www.LVrealestateHELP.com


MA & RI Broker at Sankey Real Estate
C: 508-250-0345
F: 508-643-1515
RobertAdams@MArealestateHELP.com
http://www.MArealestateHELP.com

RobertAdams@RIrealestateHELP.com
http://www.RIrealestateHELP.com
... more
1 vote 1 answer Share Flag
Mon Nov 9, 2015
Robert Adams answered:
High rises are better for appreciation than they are for cash flow. The high HOA fees often times kill the cash flow.

If you would like to discuss investing in Vegas please feel free to reach out directly. We represent a lot of investors here in town as well as out of town investors.

Let us know what you are looking for here and we can help you make sure your investment strategy is solid. http://www.lvrealestatehelp.com/buying-real-estate.html

Also i have an investment property that I will be selling in a few weeks once I rehab it. If you would like the details please let me know. Here is some info about the one I will be selling: http://www.lvrealestatehelp.com/blog/real-estate-investment-opportunity-in-las-vegas-15-cap-rate

1. New sales price will be $37,000

2. 6% Co-op if closed on or before Dec 24th 2015 (otherwise 3%)

3. Should have a tenant in place at $600 mo (meeting with tenant later today to solidify) so there should be no vacancies to account for.

4. Unit will be rehabbed and in move in ready condition needing no repairs to account for.

5. It will be a traditional sale that can close quickly with quick responses.

6. List price will be firm (non-negotiable), priced to sell below comps of $38k and Zillows Zestimate of $49k.

7. Using the 50% rule for expenses will give this unit a 10% CAP rate but this number should actually be much higher since there will be no repairs needed or vacancies (closer to 15% CAP rate).

8. There are only 2 other units for sale in this neighborhood one at $31k which is a short sale and unable to close quickly, it also has $3,200 in liens that must be paid off, because it is a short sale the closing costs will probably be about $1500 more as the lien holder/bank will not pay for the CIC fees or Transfer taxes, and this unit needs to be rehabbed. After calculating for all of that it will cost more than my unit at $37k and will take longer to close and the buyer needs to calculate for vacancies since there is no tenant as well as the needed repairs. The second property in there is listed for $37k same as mine but it needs to be rehabbed and they are asking the buyer to pay the title fees as well as the transfer tax. This will push the purchase price to be higher than my unit and then in addition to that it is vacant so you will need to calculate for vacancies as well are repairs.

Long story short my unit is the best deal in this neighborhood and has so many perks it is an investors dream! Should be an easy sale.
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1 vote 1 answer Share Flag
Fri Aug 14, 2015
Matt Mortensen answered:
My personal preference for long term holds such as rentals is to invest in areas which will hold value. So places like Summerlin, Mountains Edge, Anthem, and Seven Hills (just to name a few) would be my preference. However, statistically speaking you'll have a higher vacancy rate in these areas because there is a lower demand for rental properties. I would also consider how you are financing these properties. A 900 sq ft condo paid for in cash will yield more than a financed 200k single family home. Checking out the current demographics of Vegas helps too! Link below. ... more
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Tue Aug 11, 2015
Roi Ford answered:
I'm surprised no one responded to this question. Is there a market for Snow Birds here in Las Vegas? Absolutely.

I personally know 3 people who come to Las Vegas specifically during the snow season, because we are much warmer than most states during the winter. But the market is not limited to the only three people I know.

So again, the answer is yes; however, you will need to be very meticulous with how you advertise for and select your tenants for the months of occupancy. My suggestion would be to utilize a good property management company.

Let me know if you need anything else.

Roi Ford
Real Estate Professional
ZipRealty Residential Brokerage
250 E. Pilot Road, Suite 220, Las Vegas, Nevada 89119
Direct: 702.806.9594 Office 702.938.6623
Email: roi.ford@ziprealty.com Website: roiford.zipintouch.com
... more
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Mon Aug 10, 2015
Scott Godzyk answered:
When using Hard money, the proof of funds letter is like your loan committmnet stating they are giving you xxx amount of money for the purchase of the property at 123 street in your city. The proof of funds letter leaves off loan terms but you should get that as well for your review. ... more
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Tue Apr 28, 2015
Heather Bayer answered:
Property management rates vary widely dependent on the services you want, and can be up to 50%. However there are many other options including those that are offered by Airbnb and/or related providers. If you can find a cleaning service (for which you can charge an additional fee on your rental rate) then use a provider such as evolve.com or guesty.com, to manage your marketing, administration etc the percentage can be brought to between 3% and 10%.. I'm happy to help if you want any further information. ... more
0 votes 1 answer Share Flag
Mon Mar 30, 2015
Michael Yarbrough answered:
I agree with Craig, you are better served working with a licensed Realtor. You can find for sale by owner homes on various web sites. You can also find for sale by owner homes on Zillow as well. A Relator can also help you locate homes that are not on the MLS. If you would like to give me a call we can talk about these and possibly other options.

Mike Yarbrough
Simply Vegas
(702) 985-5566
... more
0 votes 5 answers Share Flag
Mon Mar 30, 2015
Robin Fraser answered:
Sorry which property? Feel free to search local homes at my web site www.FraserPropertiesLV.com



Roibin Fraser
Realtor Broker-Sales
(702)622-0601
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