Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Nevada > Las Vegas
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 10-04-2013, 03:16 AM
 
Location: Las Vegas
2,880 posts, read 2,785,331 times
Reputation: 2464

Advertisements

Quote:
Originally Posted by Thursdaynigh View Post
I just moved to Vegas because of a job. Want to buy something that can be easily sold or rented out if I leave in a year or two. Should I look for a 2 bedroom condo near the strip (a little bit old that need some remodel for better value), or a house in Henderson/Sumerlin?
Do you have the resources to remodel?

If I had the cash, or financing available, I would be buying a house... Just know that if your plan is to rent out after a couple of years, that the vacancy rates are very high in Las Vegas, and they are higher still for condos. This typically means yields will fall, all else being equal... however since prices are probably still going up, yields will fall even more

Quote:
Originally Posted by FrostyToasty View Post
I would say as far as renting out properties, lower priced properties probably have higher rates of return than properties in Summerlin/Henderson would.
I would have to agree with this. I bought 2 properties almost 3 years ago, they were in the less expensive areas of town.. rental yield is great... however, capital appreciation isn't so great compared to the "blue-chip" areas like Summerlin or Henderson

If I could go back and given my budget, I would probably have bought in a nice area of Spring Valley or North Las Vegas (but not too far north)
Reply With Quote Quick reply to this message

 
Old 10-09-2013, 10:10 PM
 
Location: Las Vegas nv
1,051 posts, read 1,479,982 times
Reputation: 375
I recently purchased a ground level condo w/a direct
Access garage. It wasn't that easy to find. More
2 bdrms w/no garage around.
I was looking @ the low end of the market, true but
Even a bit higher was flooded w/cash investors.
Many of those "single moms & retired" mentioned
Above would prefer ground level w/garage. Many people
Don't want to hire landscapers or do yard work themselves.
Although I think the HOA costs may outweigh
That. For instance, my HOA = $210/mo. You could
Get some nice landscapers & pay a bit more utilities/taxes/homeowners
Insurance for that. ESP if you are local & don't hire a manager
Reply With Quote Quick reply to this message
Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Settings
X
Data:
Loading data...
Based on 2000-2020 data
Loading data...

123
Hide US histogram


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Nevada > Las Vegas

All times are GMT -6.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top