However the luxury high rise condominium frenzy is still going strong with expected high returns on these pre construction developments.The best advantage for real estate investors right now in Las Vegas would be high rise investments and cashing in on the other investors who purchased without a great deal of capital reserves and purchased properties using adjustable mortgages which are now starting to adjust and most cant afford the new interest rates.If you would like to find out more about our Las Vegas market please go to our website.

Up to 15 months of rent and/or Up to $15K per household is payable directly to landlord.

Though I think properties with ADU on them will see an increase in appreciation I do not think it will have much of an impact on the local housing market because:1) Not every home has space for an ADU2) Not every home with the space wants an ADU3) Not every owner who wants an ADU can afford to build oneIf ADU took off it would only help a small demographic of the housing market (i.e. those with smaller households [1 to 3 people] ).

What is the median household income?

We are focusing on house hacking so that we can jump start our investments and live for/close to free, but duplexes are hard to come by in our area and my partner does not want to share household amenities.

Fannie Mae will allow an individual up to 10 financed properties (for households comprised of a married couple: 10 for her and 10 for him, if each spouse qualifies individually).

If the investment is a rental property, the IRA with with a least 30%-40% of the purchase price will qualify for a non-recourse loan.If the the investment is a single family home, generally 30-35% of IRA funds are required.If the the investment is 2-4 units, generally 40% of IRA funds are required.If the the investment is condominium, generally 40% of IRA funds are required.If the the investment is multifamily, generally 40% of IRA funds are required.Typical Loan Terms5year ARM10 year fixed20 year fixed25 year fixed$50,000 to $55,000 minimum loan amount is the common figure.Average closing time-frame is 30 days with a non-recourse loan.

Furthermore, recently another unit in the condominium with same distribution of mine went to $190,000. 3) After 2 years, the PMI may be removed once LTV reaches 75% or below, but a new appraisal will be necessary, because the last one expired on September 2019.This regrettable experience made me review the Homeowners protection act of July 1998, but they talk about original price.

@Josh ThamesGood afternoon Josh,The reason condominiums have potential cash flow which might favor investors is because the condominium no longer meets FHA/FNMA/FHLMC guidelines.

With this particular deal I was selling entire buildings, not just individual units, but they were within a condominium and still subject to association fees.