All Forum Posts by: Josh Edelman

My first investment I found two military roommates (I am military also). They each paid me $800 and $850. My mortgage was $1300. The next 3 years I was able to save up to help me fund my next property. 

If you are military or live in a military town you have a great opportunity not for just the VA loan but the NETWORK of fellow military members with a solid income!

Anyone else looking to do this or rent out their rooms? Share you experiences/questions below! 

I just paid off a $70K HELOC I used to purchase my second property. I now have access to $120K back. Any tips/tricks or best practices with utilizing a HELOC out there? Looking to buy the next SFR investment (not moving into it).

Curious to hear how people use their HELOCs. Thanks! 

Practical tips!:

- Ring doorbell so you can monitor and answer visitors and guests if ever needed

- Security system

- Electronic door lock you can control from your phone (change combos, lock and unlock, etc)

- Remote garage opener (being able to open the garage for services, if door is locked, etc)

- Create an item inventory list that your guests sign for within the first few days of moving in

- Create a welcome packet with how to's around the house and things to keep note of (how trash days work, HVAC, internet, etc) 

Hope this helps and good luck!

Many military members come to Vegas for several weeks to months at a time for exercises and events. What does this mean? They need a place to stay, if not on base, and that my friends, is paid for by the military.

What does being paid by the military mean?...the individual doesn't pay nor do they care about the nightly rate. The DoD has a cap based on the city. As long as I provide an invoice, I can charge them max nightly rate! 

Anyone else rent out to military? Please share your experiences below! 

 Well at the time I was a single guy/military. Any house hacking strategies involve the sacrifice of privacy and conveniency to a degree. 

"I worry if I put an offer on this resale home, I won't qualify for the new build anymore. I really like this one and can see myself learning a lot from it. Should I even consider buying both?"

If you can afford both and qualify AND the numbers make sense AND you can manage both (sounds like this will be your first purchase or first investment purchase) then you could pursue it. Although I would caution against it if you were potentially losing out on the new build with all the incentives.

Good morning!

Happy Thursday, here are some updates from the month of June!

🏠📈 Real Estate Update 📉🏠
Here's the latest real estate market report for June 2023 (single family homes) 📊:

💰 Median Sales Price 🔼: $450,000 (May: $445,000)
📈 New Listings🔽: 1,669 (May:1,789)
📅 Median Days on Market Until Sale🔽: 15 (May: 18)
📦 Months Supply of Inventory🔽: 2.0 (May: 2.3)

🤔 What does "Months Supply of Inventory" mean?
It represents the number of months it would take to sell all homes currently on the market at the current pace of sales. A balanced market is typically around 6 months of inventory, so a lower number represents a seller's market with limited inventory.

🎆 The Sphere, touted as the world's largest spherical structure at 366 feet tall and 516 feet wide, made its debut on the Fourth of July with a spectacular display. Its bowl-shaped theater boasts the highest-resolution wraparound LED screen, while its exterior showcases 1.2 million programmable hockey puck-sized LEDs, making it a visual marvel. During the grand unveiling, the Sphere's 580,000-square-foot LED display captivated the audience, synchronized with dazzling fireworks. Despite past controversies, the venue delivered a remarkable show, featuring the message "Hello World." Recordings of the event offer multiple perspectives, including a news segment, a combination of fireworks and Sphere footage, and a comprehensive 15-minute video. The Sphere's official grand opening is scheduled for September 29, inviting everyone to witness its grandeur.

🏆 In a remarkable journey, the Vegas Golden Knights secured their first Stanley Cup victory in their sixth season by defeating the Florida Panthers 9-3 at T-Mobile Arena in Las Vegas. The Knights, the top seed in the Western Conference, showcased a dominant offensive performance, overwhelming the Panthers in five games. This triumph marked the second-fastest Stanley Cup win by an expansion team since 1967, trailing only the Edmonton Oilers. The Knights' exceptional teamwork and resilience throughout the playoffs were rewarded as they celebrated their well-deserved championship.

🏀 Prepare for an exciting event, the inaugural NBA Con, held at the Mandalay Bay Convention Center from July 7-9. This family-friendly gathering combines the passions of NBA players and fans. Notable basketball icons like Kareem Abdul-Jabbar, Jerry West, and Ray Allen will attend, along with present-day stars such as Trae Young, Karl Anthony-Towns, and the top draft pick, Victor Wembanyama.

🇨🇺🍽️ New Cuban Restaurant Opening at Flamingo: Flamingo will soon welcome Havana 1957 Cuban Cuisine, a fresh addition to the culinary scene. This upcoming establishment, part of the successful Vida & Estilo Restaurant Group, draws inspiration from 1950s Cuba, blending authentic Cuban flavors, classic music, and nostalgic memorabilia. The menu, featuring breakfast options like bacon and eggs and Cuban toast, as well as enticing offerings like shredded beef in criolla sauce and sandwiches, promises a delightful experience. Stay tuned for the restaurant's opening, adding a taste of Cuba to Las Vegas.

(I’ll sure be checking out that Cuban restaurant soon!)

If you have any questions about buying, selling, investing, or real estate in general, please call, text, or email me at anytime!

Have a great day!

@alex yee You are right, the new sale homes make it tough on resales! 

I am a realtor as well, just haven't upgraded my account to the pro version yet ;) 

I just have my properties here in Vegas but I am looking at several other markets. I like Vegas for the appreciation reasons rather than cash flow. Single family is more common than multiplexes as Vegas is slim on those!