All Forum Posts by: Adam Jaken

Hi guys and a happy Sunday to you all. I think there is a huge opportunity in Las Vegas right now especially with what is set to arise in the horizon. Here is a list of all things I have seen going on in Las Vegas. Las Vegas will have its first major national sports team (NHL), Faraday Future is a new electric car company that is building a huge manufacturing facility, (not putting a lot of emphasis on this because it can possibly flop you know like Fisker). Another huge thing that is a possible to happen, is LV will get a stadium built and have their first NFL team. (again not really relying on this either because it has not happened yet but they are in talks). There are a few new hotel projects planned on the strip and if those pan out successfully I can see a lot more development in the future. (10 years from now). WYNN announced it will build a man made lake and a new tower. Downtown LV seems to have a lot of revitalization even though it has its very slum parts it seems like it is headed in the right direction. One thing that is kind of scaring me is that these huge companies are building apartment buildings and track homes all over the Las Vegas valley. I don't know if this is a good thing or bad thing. I just hope they don't over build like last time and have to much inventory on hand which will end up pushing down prices. (coupled with bad loans) Also if interest rates move up (which i think will happen when the new president comes in to office) that will also push down home prices, but in general now is a a great time to buy i think. The price to return aspect is 5-6% in A neighborhoods. I would appreciate any feedback on any of the points i have made. (negative or positive) :) Thank you all for taking the time to read my post and providing feedback, you guys are awesome! Have a great day and god bless!!

Chris Seveney We have a few family members that live out in Virginia actually and they were saying the same thing. They had purchased a few properties in the past few years but have stopped because of the same reason.

Yea i can't say i have received a phone call at 3AM (not to jinx myself) but here has been the periodic call "my electric outlet isn't working" to my faucet is leaking.m but then again you need to take in to account the year of the property.

John Thedford Hi John that is true, my partner always says that! "We need to buy right" that's the key because after that you can just sit in it and weather any storm while you make a 5-6% return. That is what we have figured the numbers to be in Las Vegas. Thanks for the reply! Have an awesome day!

Joel Owens Thank you very much for the post reply. I totally understand what you are saying and it makes perfect sense. We try and find the beat up homes in a great area so we may give the home some love and then turn it to a rental. I think we will stick with this plan then. We will keep doing what we are doing because it has been working until now. I was just curious to see if people knew of other ways to go about making a bigger cash flow into scenario. Thank you all!! You guys are awesome!

Chris Seveney sThanks for the reply. Yea i guess there is huge percent returns in class D areas. The reason i was asking this was because i see on the forum where people are posting these huge percent returns and i was wondering if it would compare apples to apples as mine.

Hi guys and a happy Friday to you all. I would like to start off by saying i love this site and all the posts people put up! I have recently been reviewing a lot of posts and it seems like a lot of you are receiving a very high return on investment. I was wondering how that was? I currently own 5 properties in the Las Vegas area and I bought them in 2009 - 2016 and it seems like after calculating all my yearly expenses i make a 5-6% return on the cash i invested in the properties. A little about the 5 properties i own. They are all in class A communities and have very to zero turn over in the last 5-7 years. They are all paid off in cash and I was wondering if there was some where else in the US I can invest and purchase property with a higher return on my money, but not overlooking the fact I would like the properties in a class A neighborhood also? From your expertise what else can i do to expand my investments? What other states/towns are good for ROI for single family homes? Thank you guys for all your posts and happy investing to you all!! Adam

We currently manage 6 SFR homes in Las Vegas valley we are looking to grow that. We charge a very low rate compared to others and do a lot better job at managing properties with little to zero turn over. Please let us know how we can help.

Hi guys and a happy Friday to you all. I would like to start off by saying i love this site and all the posts people put up! I have recently been reviewing a lot of posts and it seems like a lot of you are receiving a very high return on investment. I was wondering how that was? I currently own 5 properties in the Las Vegas area and I bought them in 2009 - 2016 and it seems like after calculating all my yearly expenses i make a 5-6% return on the cash i invested in the properties. A little about the 5 properties i own. They are all in class A communities and have very to zero turn over in the last 5-7 years. They are all paid off in cash and I was wondering if there was some where else in the US I can invest and purchase property with a higher return on my money, but not overlooking the fact I would like the properties in a class A neighborhood also? From your expertise what else can i do to expand my investments? What other states/towns are good for ROI for single family homes? Thank you guys for all your posts and happy investing to you all!! Adam

Hi where about did you buy this property at? That's a great deal, i am paying $200,000 for my properties and making $1,400 in rent. I was wondering where about you can pick up a property for $95,000 and generate $1,100 in income. Thanks, Adam