Buying in Las Vegas for Investments

[Josh Ambrose]

Right now in Las Vegas there are a HUGE amount of homes that cashflow. The type of homes that are going to be your best to buy for rentals over the next few months are going to be your patio homes.

By patio home, I am talking about the homes that are single family residents but don't have much of a yard if any.

The reason why these homes are great is they were built during the Las Vegas boom from 2003-2006. They are the most wrecked by foreclosures and short sales.The other factor is most people that are buying homes to live in are over bidding for the homes with lot space.

Right not you can get a home that is listed at $70,000 for about $65,000 with conventional loan and pay less than $400 in mortgage($50,000 loan at 5% for 30 years) and rent that one out for $900-$950 a month.