All Forum Posts by: Aleejandro Dela Vega

Sorry guys, I can’t seem to be able to post any replies. Every time I do, my screen goes white and the reply disappears. It’s very frustrating.

@John M. I see your points and you could very well be right. My original plan was to buy and hold for 5 years, that time period has passed and Las Vegas appreciation keeps going very well. All the houses I bought around the downtown area in 2010-11 have at least tripled and some have even quadrupled in value. Every couple of years I tell myself I would sell and move my investments but so far, it’s been hard to find an other market that could out do Vegas by a number that’s worth all the trouble of doing so. Right now my plan is to hold till at least 2021 and see what will be on the horizon in terms of Jobs being created and overall city growth at that time.

@John M. I see your points and you could very well be right. My original plan was to buy and hold for 5 years, that time period has passed and Las Vegas appreciation keeps going very well. All the houses I bought around the downtown area in 2010-11 have at least tripled and some have even quadrupled in value. Every couple of years I tell myself I would sell and move my investments but so far, it’s been hard to find an other market that could out do Vegas by a number that’s worth all the trouble of doing so. Right now my plan is to hold till at least 2021 and see what will be on the horizon in terms of Jobs being created and overall city growth at that time.

@John M. Very valid points you have. On top of that I think Las Vegas is very much turning into a real city with the football team coming in and Golden Nights and possibly a basketball team. Eventually I think prices and rents will match those of cities like Portland OR, Austin, etc.

@Bill Brandt Very good good point and agree with you. Although I think we have more like over 15 billion under development between your list and add to that the Sphere, Link expansion and maybe even the All Net Arena, although it is a mixed bag. And that’s not including all the residential construction going on, be it SFR’s and apartment buildings.

@Ian Tan I’m on the same page as Ran L. and agree with his comments. I think you’d still be hard pressed to find another city with more favorable investment conditions than Las Vegas. YOY in downtown, which is where invest, I’ve seen appreciation of as mush as 30% on some of my properties and rents have gone up another 5-7%.

@John M. I made that comment since Las Vegas got hit the hardest and it’s come back at such a fast pace which is hard to sustain long term. While I don’t think you can loose money long term, I do think that say 5-6 years from now this rapid appreciation will slow and there might be better cities to invest in, at that point, that will have better appreciation rates. Having sais that, I’m fairly confident that Las Vegas will slow down appreciation wise eventually but have no clue where else might be better to invest at this point.

Thanks guys, I appreciate the input!

Max Tanenbaum Nice! Can you point me to some zip codes or neighborhoods? I'm always contemplating the East Coast.

Alexander Felice I hear you that you'd like to get the 1% but today, unless you're in a sketchy area or you're paying high taxes and/or high insurance, that number is really difficult to achieve. On top of that, will you get capital appreciation? If you can name an area like that, I'd love to hear about it...