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25 September 2024 | 1 reply
There, you'll find detailed information on investing—both in general and specifically in Las Vegas.Before I continue, note that the charts only include properties that match the following profile, unless otherwise noted.Type: Single-familyConfiguration: 1,000 SF to 3,000 SF, 2+ bedrooms, 2+ baths, 2+ garage, minimum lot size is 3,000 SF.Price range: $320,000 to $475,000Location: All zip codes marked in green below have one or more of our client’s investment properties.What we are seeing:The chart below is from the MLS and includes ALL property types and price ranges.Rental Market TrendsThe charts below are only relevant to the property profile that we target.Rentals - Median $/SF by MonthRents had another slight drop MoM ($1.18/SF vs $1.19/SF).
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26 September 2024 | 9 replies
I realize that many new construction homes and some existing home listings are never entered into the MLS, but I don’t see that affecting the high level results I’m shooting for.
28 September 2024 | 19 replies
It was previously believed that the use of an IDGT not only removed the trust assets from the decedent’s estate for estate tax purposes but also resulted in a basis adjustment to the fair market value of the trust assets on the decedent’s date of death.
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26 September 2024 | 1 reply
It takes time to develop the systems and processes needed for consistent results.
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26 September 2024 | 9 replies
Results: The final numbers – purchase price, rehab costs, sale price, profit, etc.Key Takeaways: What did you learn, and what tips would you give to others?
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25 September 2024 | 7 replies
Do the above two income types match?
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26 September 2024 | 13 replies
Each step my cash took along the path of my plan was established based on how (strategy used), where (market invested in), and when (cash needed to move onto the next deal (the plan).Each step required a specific amount of added cash exiting the deal as required by the next step, so I did deals that may have a cash profit that someone else wouldn't have done because they were looking at a disconnected result.
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25 September 2024 | 2 replies
But I hit a wall.First: Trying to find out what similar properties in the area (10 m radius) rent for, I used rentcast and rentometer for this, but they gave me two very different results.
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24 September 2024 | 7 replies
Comp-sets & Pricing: Update your weekly and monthly discounts to match be competitive with the markets.
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26 September 2024 | 5 replies
However, I've personally stopped taking Section 8 tenants because they ultimately resulted in lower rent income, a higher rate of lease violations and problems, and increased costs at turnover.It also depends on your market.