[ksc72]

Hi there,

I am a considering acquiring a property in the South west. In Vegas preferably in

- Summerlin or Henderson

1. Is it possible to get something decent (not a fixer upper) for $65,000 (for a Condo) or $85,000 for Single Family House (with No HOA) in these areas?

2. If my investment amounts are too low. What other areas should I look at, if I want something
- Safe and in low crime area?
- Something that will be easily rented (good school district ?)?
- Something that will hold its value or appreciate over time

3. I am also looking for a company which does all (or most) of the following
- Realtor
- Lien and Title checking company
- Rental agency
- Insurance company
- Property management company
- Real estate lawyer (if required in Nevada)

Please DM me your recommendations (someone with experience helping Canadian Investors will be ideal).

4. I can be in Las Vegas for a week (or two) in late December or early January. What is the recommended steps I should take to make sure that I
- Find a place
- Put an offer on it
- Buy it
- Rent it

all within the time I have (1 - 2 weeks); is it even possible? How can I prepare?

5. What is your preference Condo or No HOA Single Family house and why?

Thanks in advance for all the answers!

[macgeek]

I personally don't think investing in vegas is a good idea right now, you won't find many people renting, and your price is all on the low side.

If you where buying to live here, yes its a much better bet.

I am not a real estate agent, or a person who is knowledgeable in 'investment properties'
so YMMV

Jonathan

[von949]

Originally Posted by macgeek

I personally don't think investing in vegas is a good idea right now, you won't find many people renting, and your price is all on the low side.

If you where buying to live here, yes its a much better bet.

I am not a real estate agent, or a person who is knowledgeable in 'investment properties'
so YMMV

Jonathan

I thought that there were more people renting then buying now?

[NoMoreRJ]

If I were you, I'd look into REITs and not deal with the headaches of owning a rental from so far away. There are crooks here that would take you for all your worth and not hesitate one bit.
With all that said, vegas is a prime market for knowledgeable investors who know and have experience in RE dealings. If I were you, I'd search out other real estate investors on the web and network with them and pick their brains before proceeding with investing in vegas real estate.
Have fun on sites like Zillow, Realtor.com, Clark County recorder, find access to the vegas MLS and search for properties that might fit your bill.

[NoMoreRJ]

Originally Posted by macgeek

I personally don't think investing in vegas is a good idea right now, you won't find many people renting, and your price is all on the low side.

If you where buying to live here, yes its a much better bet.

I am not a real estate agent, or a person who is knowledgeable in 'investment properties'
so YMMV

Jonathan

That's some big YMMV but at least you were honest unlike many on the board. I think this market is ripe for investors thus so many buying properties at such low prices. All those ppl that got foreclosed have to go somewhere to live and ppl who get used to living in sfr don't enjoy living in apts will want to rent homes.

I too am not a RE professional but I am somewhat knowledgeable and learning about the Vegas RE investment market.

[ScoopLV]

Originally Posted by von949

I thought that there were more people renting then buying now?

There are -- all those people who lost their homes and can't get a loan for another.

The houses are currently going to less than replacement cost. People who can buy but aren't are betting against Las Vegas as a viable city.

[SportyandMisty]

Originally Posted by ksc72

... Is it possible to get something decent ... Safe and in low crime area?

That's a very interesting question. You see, most people who come to this board for advice ask for run-down properties in high-crime areas. There is nothing quite like the smell of gunfire in the morning.

[ScoopLV]

My favorites are the people who use this board to be spoon fed information, so they can go out there and compete with the people who dispense the information.

Why on earth would I tell someone my criteria for selecting rental property? That's ultimately going to drive up prices for me.

[Spraynard Kruger]

Originally Posted by ScoopLV

My favorites are the people who use this board to be spoon fed information, so they can go out there and compete with the people who dispense the information.

Why on earth would I tell someone my criteria for selecting rental property? That's ultimately going to drive up prices for me.

That logical fallacy pops up every now and then, too. That by virtue of someone else making a dollar...you, by default, did not.

Your "secret" is not exactly trademarked.

[ScoopLV]

Originally Posted by Spraynard Kruger

That logical fallacy pops up every now and then, too. That by virtue of someone else making a dollar...you, by default, did not.

Your "secret" is not exactly trademarked.

True, but I had to do my own homework.