Dan Powers - New Western

It's like getting a power-up that makes your spending power and returns even stronger.

It contains more detailed information on investing insights, analytics, and, particularly, investing in Las Vegas.Before proceeding, note that the charts only include properties that fit the following criteria unless stated otherwise.Type: Single-familyConfiguration: 1,000 SF to 3,000 SF, 2+ bedrooms, 2+ baths, 2+ garages, minimum lot size is 3,000 SF, one or two stories.Price range: $320,000 to $475,000Location: All zip codes marked in green below have one or more of our client’s investment properties (click to enlarge).Overall Las Vegas Real Estate Market InventoryThe chart below, provided by the MLS, includes all property types and price ranges.The inventory level continued its downward trajectory, significantly lower YoY.Rental Market TrendsThe charts below are only relevant to the property profile that we target.Rentals - Median $/SF by MonthRents continued the up trend as expected.

 $7,000 in 2022 was worth the same as $500 in 1993 in purchasing power for land in our area.We subdivided and sold for $50,000 per acre with “forced” appreciation.  

1031 exchanges are a powerful tool for real estate investors.

Just another opinion from an inspector and investor perspective: it is important to have an electrical shut off switch (at least 6 switches or less) to kill all power to a home in case of an emergency.

@Dave Ivery Lots of simple but powerful advice given already.

I am totally new to REI. Im here in Southern California, I wanna know how the market is here in terms of BRRR's and mid-long term rentals. My goals with REI is to generate as much cashflow and appreciation as possible...

So if there is built in equity in the property, you would be missing out on it because of a presumed prepayment penalty, but its a great way to leverage the bargaining power of cash while still maintaining capital to buy multiples at a time.Would be happy to help if you would like to take a look at what you would qualify for.

You can charge up to but not more than what the local power company rate is in your area.