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Old 03-11-2009, 07:42 PM
 
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I live in Iowa, and am looking to purchase a home as investment property in Vegas. Was wondering where the most attractive areas in Vegas are for renters, and also which areas I would get the most appreciation on my property over the years. So far I've been looking in Rhodes Ranch/SW Vegas, Summerlin, and Green Valley. Do 2 bedrooms rent well as opposed to 3? Two story home vs. one story? Gated community? I am mainly looking for property value appreciation, but also important, being able to easily find renters. Any opinions? Thanks.
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Old 03-11-2009, 07:52 PM
 
Location: South Strip, NV --> Philly (Fall 2009)
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we're always looking for a 1 story to rent, but typically it is mostly 2 stories that are rented out...
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Old 03-11-2009, 09:49 PM
 
Location: South San Francisco
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When i think of attractive neighborhoods - I just think of my neighbor, who is a works at the Rhino.

I dunno what that does for my property value, but man, is my neighborhood attractive ! :-)
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Old 03-12-2009, 08:29 AM
 
Location: Beautiful Upstate NY!
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Quote:
Originally Posted by Yeti View Post
When i think of attractive neighborhoods - I just think of my neighbor, who is a works at the Rhino.

I dunno what that does for my property value, but man, is my neighborhood attractive ! :-)
And I bet the lawn is well groomed!
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Old 03-12-2009, 09:34 AM
 
Location: NW Las Vegas - Lone Mountain
15,756 posts, read 32,479,957 times
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Quote:
Originally Posted by solaradna View Post
I live in Iowa, and am looking to purchase a home as investment property in Vegas. Was wondering where the most attractive areas in Vegas are for renters, and also which areas I would get the most appreciation on my property over the years. So far I've been looking in Rhodes Ranch/SW Vegas, Summerlin, and Green Valley. Do 2 bedrooms rent well as opposed to 3? Two story home vs. one story? Gated community? I am mainly looking for property value appreciation, but also important, being able to easily find renters. Any opinions? Thanks.
It is a tradeoff. In general appreciation will be higher in neghborhoods with moderate or less renter occupants. Those however may cost more than the neighborhoods where you get the best return.

The classical rental is the 3BR/2Bath small home. Four bedrooms are also OK if the price is right but five and above become more difficult to rent. In condos you can do 2/2 or even 1/1.

To determine suitablility you need to know the rentals for an area, the cost for the area for smaller homes and the percentage renters. In this market I would stick to stuff no more than 15 years old and you can even limit it to 5 with little trouble.

I would be looking for properties around $60 or less per square foot. Aliante or the NW. The SW is still too high for good rentals. For appreciation I would avoid the smallest and cheapest tracts...they will end up mostly renters which will not appreciate as well.

On condos I would stick to purpose built as opposed to conversions. Many conversions are trouble waiting to happen and I don't think the outcome is easily knowable at this point.

Absentee you will need an agent and a property manager. Agents can dig up all the info required. You can do it yourself but the data publicly available is far less accesible than the regular RE data bases.
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