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Rent vs Buy in Nevada : Real Estate Advice

  • All107
  • Local Info6
  • Home Buying65
  • Home Selling16
  • Market Conditions1

Activity 8
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
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Thu Apr 11, 2013
Justin Massimino answered:
Please contact me directly as to the best way to proceed specific to your circumstances. Much Appreciated

Justin Massimino, REALTOR®, 5-Star Certified,A-REO, CDPE, SRS, AHWD
Home Retention Consultant, FDCPA Certified
Exit Realty Unlimited
2420 W Horizon Ridge pkwy #130
Henderson, NV 89052
Direct (702) 494-7060
Fax (702) 948-5238

"I am always open to accepting aged assets, difficult assets or re assignments."

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Mon Aug 12, 2013
Becky Zisk answered:
To answer your question, I would say yes if the bank is offering the home for rent. If the home is for sale, the answer would be no. Good Luck. Becky
0 votes 5 answers Share Flag
Mon Apr 8, 2013
Rena Levy answered:
Hi Pennylane

I would highly recommend to purchase a home warranty. Throughout my career I have seen my clients savings thousands of dollars by using the service calls with the home warranty.

I will be happy to recommend a few home warranty companies. Please call me at 702-612-7099

Rena Levy
Certified International Property Specialist
702-612-7099 Direct
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Mon Jul 16, 2012
Chris Harrison answered:

You need to elaborate more on your question. The way a rent to own works is you would usually need to put some down payment down on the property. You would do a lease option contract and a % of your rent amount would be allocated towards the rest of your down payment after a 1 year or 2 year lease. What ever you work out with the owner. If your not able to purchase the property once the option to purchase is up you usually lose the down payment.

Chris Harrison
Barrett & Co., Inc.
2885 S. Jones Blvd
Las Vegas, NV 89146
(702) 592-9510 ph
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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
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Mon Jul 5, 2010
The Ballen Group answered:
Fair housing laws prohibit agents from expressing what is a "good" school or "safe" neighborhood. I would suggest you use the internet to investigate crime and schools. If you google nevada crime and nevada schools, you will probably find lists of website that can help. When you are zoned in on an area, we would be happy to email you available properties. Good Luck! Feel free to use our website (link below) to search the Las Vegas MLS Live & FREE. No registration required. ... more
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Wed Mar 26, 2008
Jason Salsbury answered:
This is definitely one of the strongest Buyer's markets that Las Vegas has ever seen...
Since your monthly payment would be building Equity... I would always recommend Buying over Renting if it is at all possible.
Loan guidelines are tightening up... but with the large downpayment you mentioned, there may be the possibility of getting you approved. Or there is also the option... if you were able to pay off the collections... To get an FHA loan for only 3% down.
I would be happy to put you in touch with a Loan Officer who also does FHA... to discuss all of your financing options. She has helped other Clients of mine when other lenders had turned them down. I think it would be at least worth a shot... to try and get approved before you decide to continue renting.
If you do get approved... I would be happy to help you find an ideal home as your Buyer's Agent at NO cost to you. Anyways give me a call (702)351-9863 or you can instacall me from my website below...
Best of luck!!!
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