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19 August 2024 | 0 replies
For a more in-depth view of the Las Vegas investment market, DM me for a link to our blog site which contains more information on investing in general and investing in Las Vegas in particular.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.We're observing the typical seasonal slowdown in prices and inventory that starts in July because fewer people are buying properties and moving as school resumes in mid-August.Rental Market TrendsThe charts below are only relevant to the property profile that we target.Rentals - Median $/SF by MonthRents had a slight drop MoM ($1.19/SF vs $1.20/SF).
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19 August 2024 | 41 replies
There’s tons of inventory at realistic prices.
21 August 2024 | 8 replies
Check in with @Joseph Chiofalo though..they have a few investors that provide lending on lease holds and/or work with foreign investors nationwide for conventional title.
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20 August 2024 | 8 replies
TIA Hey Sam, Are you pricing this out on a conventional loan?
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21 August 2024 | 10 replies
Financing options include conventional, FHA, private, and hard money loans.
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20 August 2024 | 4 replies
Rates tend to be higher, since these aren't "conventional" loans that are going to be bought by Fannie or Freddie.
20 August 2024 | 5 replies
Rates on a DSCR 1st are pretty low compared to a conventional loan
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22 August 2024 | 29 replies
They also handle maintenance, utilities, tenant turns, including cleaning and touch-up if needed, contracts, inventory, utility billing, and more.]SWOT AnalysisWhen evaluating an opportunity, I utilize SWOT analysis.
21 August 2024 | 182 replies
That means mass tenants displaced with mass numbers of inventory removed from market.
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20 August 2024 | 0 replies
Conventional Financing How did you add value to the deal?