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All Forum Posts by: Brett Mazzerle

Brett Mazzerle has started 2 posts and replied 5 times.

Justin, thanks for your perspective.  I know the numbers make sense going that way.  I'm just intrigued with the possibility of owning some place I would like to spend a week here and a week there.  You are spot on.  Thanks.

I know they are not the best investment, but they do give me the flexibility to visit on occasion.  Are there any to absolutely stay away from, or ones that are generally better investments?  I know financing is an issue, so I would be most likely doing a cash deal.  I like the low entry point at Platinum, and am OK with the 60 days max occupancy.  Is it fools gold?

Post: Las Vegas buy and hold

Brett MazzerlePosted
  • Posts 5
  • Votes 4

Sasha, that is exactly what I was looking for...thanks!  I've been around the University and the east side and didn't think it was too bad, but knew there was better.  Thanks, and keep them coming!

Post: Las Vegas buy and hold

Brett MazzerlePosted
  • Posts 5
  • Votes 4

Thanks.  I will not be buying anything without doing thorough research.  That is why I am here!  The next time my wife and I visit, we'd like to look at some places just to get an idea of what is out there.  We didn't want to be running all over the valley wasting time.  Are there areas (like the Arts District ten years ago) that haven't really seen development yet, but would likely see a large influx of investment in the coming decade?  I'm just trying to rule out some areas, and be able to focus on others to try to understand the market thoroughly before doing anything.  Thank you very much!

Post: Las Vegas buy and hold

Brett MazzerlePosted
  • Posts 5
  • Votes 4

Newbie here on the forum and totally frustrated with my local market (area surrounding Reading, PA). My wife and I have one rental property in West Reading that we manage and have struck out multiple times recently with the crazy hot market. We are flirting with the idea of buying a long term small unit in Las Vegas as we aspire to spend some extended time there once we retire - 15+ years from now. We are looking at entry prices being really low in neighborhoods surrounding the Strip and downtown. Low taxes are offset by the HOA fees and not great returns as rent prices are low as well. We are thinking that there is considerable room for appreciation long term though. Are we correct?

What areas and neighborhoods are best to invest now to get moderate cash flow with the ability to have nice appreciation long term? Are there areas to avoid? There are many 1 and 2 bedroom units for sale at or around $150k that have manageable HOA fees just east of the strip. Are these fools gold?
Thanks for consideration and your help!