All Forum Posts by: Joshua Castillo

@Michael Robbins, Would you say North Las Vegas is a growing area? 

- Property is 1996 built. 

My initial thought was: 

- $82,000 Purchase Price
- $645/Monthly including the $250 HOA
- $1,000 Rent
- $355/Month x 12 = $4260/Yr

After reviewing with all of the advice received, I missed some items to consider and review. 

With PM fees at 8% = $3300/yr would be for the unit. 

@Casey Powers, Thank you for your insight! I will continue to do my due diligence. In your experience, do you feel this could obtain $1,000 rent?

@Sachin Amin, That was very insightful. Thank you! 

@Casey Powers, Thank you for your insight! Per the listing agent, the HOA is in good standings and offers Association Management, Maintenance Grounds, Sewer, Trash, Water.

Do you have a sense of what this could potentially rent for? Also, do you charge 8%? Thank you! 

@Account Closed, Do you live in the LV area?

Thank you for your response! Apologies for the lack of detail:

Subject property: https://www.redfin.com/NV/Las-...

- Was a long term renter, so was under market value. I got the 1K from previous rental unit information.

- I have multiple family members in North Las Vegas that would help manage.

- What %’s should I factor for vacancies, repairs, maintenance?

- I see Las Vegas as a growing area, so potentially within 5-20 years, I’d have a good return on investment.

Thank you for your responses! Apologies for the lack of detail: 

Subject property: https://www.redfin.com/NV/Las-...

- Was a long term renter, so was under market value. I got the 1K from previous rental unit information. 

- I have multiple family members in North Las Vegas that would help manage. 

- What %’s should I factor for vacancies, repairs, maintenance? 

- I see Las Vegas as a growing area, so potentially within 5-20 years, I’d have a good return on investment. 

Hi Everyone,

I’d like to potentially invest in a property and would like to ask for advice/feedback on the potential purchase.

The property is in Las Vegas, Nevada. I’d be submitting a 82K offer with 20% down as an investment property. The community has potential rents of 1K and the property was previously long term rented at $875.

At 1K, this would potentially be $364/mo positive cash flow. $4,368/yr. Is this a good investment? What is yearly appreciation YOY in Las Vegas? 

Thank you!

Hi Everyone, 

I’d like to potentially invest in a property and would like to ask for advice/feedback on the potential purchase. 

The property is in Las Vegas, Nevada. I’d be submitting a 82K offer with 20% down as an investment property. The community has potential rents of 1K and the property was previously long term rented at $875. 

At 1K, this would potentially be $364/mo positive cash flow. $4,368/yr. 

Is this a good investment?