If you ever have any questions in regrds to the Las Vegas market please don't hesistate to ask.

If you ever have any questions in regrds to the Las Vegas market please don't hesistate to ask.

If you ever have any questions in regrds to the Las Vegas market please don't hesistate to ask.

That is the situation better explained.Sarah Bixby and John Thedford thanks for that 1% tip, never know about it....is that 1% return on rental rule supposed to be net or gross ( meaning after taxes and insurance and other expenses)Now the plot thickens.....las afternoon i received a call from my realtor, that the bank is considering another higher offer , and if i would consider give a higher offer.

For example, on Zillow, it shows this property was listed by bank on 12/21/2012 - but there is no price.http://www.zillow.com/homedetails/723-W-Las-Olas-Blvd-Fort-Lauderdale-FL-33312/43203838_zpid/However, if you press the "View Complete Details" button, it takes you to Wells Fargo where it listed an agent, but the status is "Coming Soon" and price TBD.http://reo.wellsfargo.com/WBREODetails.aspx?

Thanks guys, i created another thread with the details on my deal.http://www.biggerpockets.com/forums/311/topics/83673-please-review-my-deal-analysis---henderson-las-vegasIn the past, I've always gotten 10-15% below market, but right now, I'm buying at market because of the low inventory and raising prices.

This is a pocket listing I got from a realtor I work with.1 Story Traditional Equity Sale.1150sqft3bed,2bathBuilt 1983Henderson, NVPurchase Price $96k CashRehab $6KARV $110k - $120kRental income $1000- $1100, (2% is hard to come by in Las Vegas.)Walking distance from pretty good high school.Things I don't really like about it.- Small Kitchen- Dining Room Table would be place in the kitchen corner which is only about 5ft x 10ft.- Only standing shower in master bath, no tub.- One sink in master bath.- Normal sliding closet door in Master Bedroom.- Electric Appliance, only water heater is gas.- Garage is attach to the house, but you have to walk out the side door and get in the house via front door.I could flip or rent, if I rent, I would get 9.5% Cash on Cash return, not including vacancies & repairs.

If youre trying to get it done under 20K it all adds up really quick.If the garage doesnt pan out and this is in a smaller town where mobile homes are permitted, you could plant a decent one on the lot for near the 20K and get $500 -$600 with the garage.

@Katrina Jonah just curious how your Las Vegas investing has been going?

Thanks for the clarification @Pat L. As