Local banks are generally more useful once you have to many active mortgages to get a loan from a major bank.

Sometimes in markets that are that active, you may want to offer close to asking, if you think it is fair.

Hi all, I am actively looking for MF investment in Las Vegas.

And a good broker will be able to assess your property value in a comprehensive way, which alone could set you at ease knowing you are making the right decision whenever you need to pull the trigger.6) Do the mathEstimate renovation costs, if any, and closing costs when coming down to your ARV.

By the way I’m active duty military and I would definitely have to higher a property manager to overview this rental if I went that route.

@Chris RandInvestors who have rental properties report their rental activities on schedule E.You report rental income less expenses(insurance, utilities, repairs, mortgage interest, real estate taxes, depreciation etc).The great thing about real estate is that you may have a cash-flow positive business but report a taxable loss thanks to depreciation.The difference between cash-flow and taxable rental income is that depreciation is factored into taxable rental income and principal payments are not a tax deduction.generally speaking cash flow - depreciation + principal payments = taxable rental income

All real estate activities you engage in need to be approved by your broker as their insurance can have a clsim filed against for any of your activities.

For the people that are unaware: Hammond has two voter approved referendums for the new property taxes. 44 cents per $100 of assessed value which will last 7 years and 35.98 cents of $100 of assessed value until hammond pays it bonds off.

Looking forward to hear from local investors.I have been an active Investor in Greater Seattle area, but now want to diversify.

Homeaway has published their Premier Partner Checklist and it is interesting.I personally don't get much business from Airbnb but I have kept my Airbnb listing active because I pickup a few rentals per year there.It appears to me that HA/VRBO is king for true vacation rentals and least in my area.Notice item #1.