BEST CRITERION FOR RENTAL INVESTMENTS IN LAS VEGAS FOR CASH FLOW, APPRECIATION, QUALITY OF TENANT, E

flagship120
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I am a real estate investor from California. Interested in Real estate investments in Las Vegas.

I have the cash to purchase.

Looking for cash flow and appreciation.

1. Would 80K to 100-120K be the right range

2. Looking to make at least 1%/month on rental income, what would that equate to after expenses.

3. Would 3+BR, 2+BA, 1500+ sq ft, newer than 2002 be the parameters

4. What location?

5. What is the criterion , proximity to strip, school districts?

6. Can you get long term lease?

7. Can you give me some examples of investment properties that you have done?

Pl. email me back, look forward to working with you

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October 05 2011 - Las Vegas

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Answers (4)

Frank Becerra, "Las Vegas agent"
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You can find properties that can give you 7-10% ROI and better in this market in Las Vegas, it's just a matter of drilling down into your needs and finding them. My investors have been able to do it with foreclosures as well as short sale (a lot of patience). Turn key properties are not uncommon.

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October 08 2011

Damon Botticelli, "DBotticelli"
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Good questions, however the best way to answer them is through a conversation because the answers will depend on your needs, goals and abilities.

For example:
How many homes are planning to buy?
I would suggest diversifying your criteria a bit. Investors are buying up rental home in the criteria you've outlined like hotcakes, so if you join the crowd and the rental market softens, you may be competing with quite a few vacant 1500 sf, 3br, small lots, etc, homes on the rental market.

I could go on and on, but I don't want to give everything away for free! Like, when is a 9 month lease better than a 12 month? or when should you push for 15 month lease instead of 12? I've been an agent in Las Vegas for 11 years, and I've been investing in real estate even longer.

Recent investment property deals for clients:

Condo for $60k
Rents for $900/mo
HOA about $150/mo
Taxes about $100/mo
other $30/mo

House for $150k
Rents for $1395/mo
HOA about $40/mo
Taxes about $150/mo
other $100/mo

4plex & House (on the same parcel) for $80k
Rents when fully rented $2450/mo
Average rent due to vacancy $1600-$1800/mo (not bad for an $80k investment)
no hoa
Taxes about $120/mo
other $300/mo

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October 06 2011

Real Estate Investments, "Marco Santarelli"
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Your list of questions warrant a conversation. We have many turnkey properties in Las Vegas that provide great cash flow and yields, but it comes down to what best meets your investment goals.

Feel free to call me or Tim Sweem anytime.

Thank you,

Marco Santarelli
Norada Real Estate Investments
.

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October 05 2011

Jerry Jenkins, "JerryJenkins"
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The problem with asking the question in the manner you have is that there are lawsuits currently ongoing in Las Vegas where Realtors and the Listing Agents quoted cashflow projections to investors and when the numbers did not work out, the Buyers sued the Realtors because they did not get the cashflow quoted or projected. There are no guarentees in real estate and for a Realtor to give exact answers to what can and can not be done is risking their license.
A better way to ask the question is to talk to Property Managers and let them tell you what is "normal" income and expenses for a certain property type and then YOU decide what your return will be based on those incomes and expenses.
I am a Realtor and do own rental property but I will NOT tell you what Rate Of Return you WILL make based on a general investment plan.