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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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21 August 2024 | 22 replies
They were older and the wife who paid the bills was ill.
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19 August 2024 | 12 replies
We’ve put maybe 25k into the building since ownership (which was June 23’), but apparently it isn’t enough seasoning for thanks to want to cash me out.
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20 August 2024 | 4 replies
Hello, I'm hoping someone here can point me to a seasoned & experienced tax professional who could help advise me on the best course forward with my 1031 Exchange I'm in the middle of.
24 August 2024 | 55 replies
Sewer scopes are a MUST do item when buying an older home unless you can see clearly the line has been replaced with PVC..
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19 August 2024 | 11 replies
Alll of those areas are good to invest in.Edinburg has a new football coming into their university which is UTRGV and the season is set to start in Fall of 2025.
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19 August 2024 | 18 replies
Roofs may not get full replacement cost if they are older than 10 years.
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19 August 2024 | 22 replies
For those that have already spent some time and $$$ there, what are your experiences and numbers looking like for things such as:Rental/property management feesclosing costs (as percent of transaction)vacancy rates (on and off season)price to rent ratioyoy appreciation$/sqft to build (I know, this is a "it depends" number)Utility issues (water, power, trash, septic, etc.)Anything else that you think would be helpful!
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20 August 2024 | 11 replies
Attending your local REI meetups would also be good too.And, of course, work with a seasoned agent.
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19 August 2024 | 1 reply
We’ve put maybe 25k into the building since ownership (which was June 23’), but apparently it isn’t enough seasoning for thanks to want to cash me out.