All Forum Posts by: Amos Lee

Planning to sell my property in vegas, just wanted a second opinion on if these are typical, fair costs in today's market. Property is located in Vegas in Paradise. Thanks!

Hello BP Community!

I plan to sell my Vegas condo and it looks like I'll be able to make about a 35-40K return. I plan to do a 1031 into a new investment property. I have been seeing a lot of talk about Ohio (Columbus, Cincinnati, Cleveland), so I wanted to reach out for some advice. Should I invest into Ohio, or stick with Vegas?

My goal is buy/hold. My priority is appreciation so I plan to hold the property for at least 3-5 years. Would love cash flow, of course, but if I could at least break even on a highly appreciating property, I'd be happy with that. 

Would greatly appreciate advice from all of you BP experts! 

As a South Bay Cali native, home prices are through the roof with no signs of coming down. That is how manufactured homes caught my eye: much lower purchase price, many are renovated and look very nice while still being affordable, no shared walls. I know the biggest con is that you do not own the land and will pay sometimes a hefty land lease, but with the purchase price being so low, the monthly payments are still way more affordable compared to me buying a $500K+ SFR. But still, everyone online say that they are a bad investment unless you own the entire park. I am engaged and a child on the way so I am growing a little desperate on finding a home for my family. Should I make the plunge to get a newly renovated affordable manufactured home, or should I wait for something somewhat affordable (condo, apartment, etc)? I would greatly appreciate any input!

I'd like to add that while I would like to turn our first home into an investment property in the future, it is not a major concern. However, if anyone has any experience with manufactured home investing, I would greatly appreciate any information on that as well. 

Hello everyone! 

I am currently seeking investment rental property in Las Vegas. A lender told me I could qualify for a secondary residence loan (10% down). I currently reside in Los Angeles, CA but I live with my family rent-free. I wanted to request any information on the validity of this process. Can I purchase a property in Las Vegas with a Secondary Residence Loan and turn it into a rental investment property? Any help would be very much appreciated! 

Thank you!