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Old 05-16-2013, 06:39 AM
 
Location: Las Vegas nv
868 posts, read 1,130,037 times
Reputation: 231

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Hi spainguy.

Currently I live near San Bernardino ca &like you would like
To buy as rents are in short supply & expensive all around
The area.

The condo Financing is really tough. If you could make
A trip out that would be best. I did that may 1-3. The only
Fits in my price range put me into that category in which
Investors are scooping things up with cash plus About
101% of list price. They have info on Redfin. About how much
Over list bidding is going by zip code. This has been going on
Here in Cali for a long time. Seems within a year the same
Things happen in Vegas.

There are some tracts which have rental restrictions, meaning
Investors don't want them as you have to live in them.
I don't know how to find them per se.

Your best bet would be to find a realtor. Even if you aren't
In a hurry. It could take a while.

You can post a request here & others can send you a direct
Message as no one can advertise here. I will do that now.

Best of luck.
Keep posting.
I bookmarked the las Vegas crime maps to help get a feel
Of zip codes to help get a feel of safety in the different
Areas.
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Old 05-16-2013, 09:59 AM
 
1,205 posts, read 1,892,156 times
Reputation: 605
There is always reason for certain neighborhoods to be cheaper than others, even in Vegas.
If you pay below-average price per sq ft, you should expect a below-average neighborhood.
It's a fair game.
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Old 05-16-2013, 10:52 AM
 
3,574 posts, read 4,015,486 times
Reputation: 3051
Those prices are good, the units are good, but the neighborhoods are iffy... not necessarily bad, but certainly not the best.

You'll get more value for your money (at almost the same price) if you buy something small, but in a much better neighborhood. As a very general rule, I think the best neighborhoods are on the perimeter of Las Vegas. Look at a map with a wide view of the valley and draw a big, thick capital letter "L" over the map. Those are the best neighborhoods.
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Old 05-16-2013, 11:14 AM
 
2,132 posts, read 2,189,936 times
Reputation: 1299
He can look for associations with rental restrictions. Usually the older rentals are grandfathered in and new properties should not rent. How the associations enforce it and whether they have the resources to investigate violations of the rental restriction are another thing entirely.
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Old 05-16-2013, 11:30 AM
 
421 posts, read 744,051 times
Reputation: 341
This site will also be helpful - www.zipdatamaps.com when it comes up just put in the zip code for the property you are looking at. Denise
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Old 05-17-2013, 12:51 AM
 
5 posts, read 7,512 times
Reputation: 16
Thanks for all the great info and suggestions. I'll take a drive up there soon to check out some of those neighborhoods.
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Old 05-17-2013, 08:32 AM
 
Location: Paranoid State
12,685 posts, read 9,432,561 times
Reputation: 14942
Quote:
Originally Posted by logline View Post
... You'll get more value for your money (at almost the same price) if you buy something small, but in a much better neighborhood...
To the OP,

I agree with logline.

There is the old adage about it is better to own the worst house in the best neighborhood rather than the best house in the worst neighborhood.

If it were me, I'd look for a better neighborhood, and see what I could buy in my budget.
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Old 05-19-2013, 07:19 AM
 
2,440 posts, read 2,502,064 times
Reputation: 1319
Quote:
Originally Posted by SpainGuy View Post
Thanks for all the great info and suggestions. I'll take a drive up there soon to check out some of those neighborhoods.
Check out the towns of Spring Valley and Enterprise for condos. Lots to choose from, brand new, newer and older, both great areas in Clark County. NW side of town is nice as well albeit farther away. Check the area as well.

Keep us posted.
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Old 05-19-2013, 08:40 AM
 
Location: In the Silver State of Nevada in Las Vegas NV
1,062 posts, read 1,450,631 times
Reputation: 902
Please keep in mind LV is changing all of the time and not just the strip. The SW area of the valley is having a problem right now with over crowded schools so must be many young families are moving there. The NW part of the Valley is building new places all over the place with great mountain views. The Downtown district is going through a huge change and housing there is going to change. Many outside investors are buying up things and either renting them out or flipping them. This makes for a very confusing housing market which is hard to predict. When you look at the crime map keep an open mind this city has 2 million people in it and if you are worried about living crime free it won't happen. I disagree about the slam put about the Poor Mexicans their are many if not more of these people who work hard and are great citizens in LV. Like in any other large city you have pockets of ethnic nationalities and yes crime is higher there. But unless you plan on walking the streets At 3:00 AM or be out and about in these areas driving through them any other time is not a huge risk. A good real estate person can guide you along and keep things in a realistic way so you do not get miss led.
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Old 05-28-2013, 02:32 PM
 
Location: Alberta
1 posts, read 643 times
Reputation: 10
I have condos in the Rhodes Ranch, Paradise and Summerlin areas. They are great areas. Newer construction, shopping, transit and not near the strip. Use ziprealty.com and use zip codes 89113 and 89118
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