[horseplayer]

Originally Posted by olecapt

I will give you NYC...but after that I think you will find around the world more will identify Las Vegas than virtually anywhere. Maybe Los Angeles gives it a run...but Florida? nah only in parts of western europe. Move to asia and nobody knows Florida exsits.

I agree. The Europeans go to Miami, (and Orlando), that's about it. LV is much more commonly known. Half of the World lives in Asia, and my experience says many like to gamble, and love glitzy mega projects.

[missmaxer]

With being Canadian, I am considered a foreigner (I really don't feel like one though). As a foreigner my estate will lose 50% right of the top to taxes. I'm 50 years old and want to trade my two feet (plus) of snow every winter for your sunshine. I have been coming to vegas for 23 years and supporting the casinos and restaurants. I still want to support them but now I want a home. Wish me luck, I will be there in less than a week.

[olecapt]

Originally Posted by missmaxer

With being Canadian, I am considered a foreigner (I really don't feel like one though). As a foreigner my estate will lose 50% right of the top to taxes. I'm 50 years old and want to trade my two feet (plus) of snow every winter for your sunshine. I have been coming to vegas for 23 years and supporting the casinos and restaurants. I still want to support them but now I want a home. Wish me luck, I will be there in less than a week.

Hey charge on. There has not been a better time in recent history.

The Admiral was born a Canadian and remains one though she is also a US Citizen.

She feels Canada is a wonderful place to be from...particularly in January/February...and a great place to visit...July/August. ONe of her favorite places to recover is Candle Lake...north of Prince Albert...

But a big welcome...you are doing the right thing.

[007 license to sell]

Originally Posted by confetti

thank you, I was thinking I should wait a little longer to see how things do but every realtor I talk to say the market is not going to go any lower. it's so confusing. Even my loan guy keeps pushing me to streamline my Fha loan but I keep thinking I should wait. I got my loan at 6% and from the research I've done streamlining won't do much for me unless it's at 4%. I've also learned that you can't refinance your house to it's recent value unless you defaulted in your payment.

Sorry I'm rambbling. I've got so many questions and I just found this forum and are super excited to hear advices from people.

thanks everyone!

I am a realtor and yes the market is still going down, it is a good time to buy due to prices are at historic lows, interest rates were at a all time low unfortunately those just went up. If a realtor tells you that we are at the bottom I want their crystal ball.

The condo market is really soft, there are nice condos out there even cheaper than the $70,000 that you looked at however there is more to renting than just collecting rent. Are you finacially prepared to take on a property if the renter trashes it that you can fix it back up.

Do you know that if utilities aren't paid that in NV that the utility company can attach a lein on your property, so you need to keep utilities in your name. Also if you don't keep up your Home owner dues they to can attach a lein on your property.

If you live 50 miles or more from the rental property that you have to have a licensed property manger not just a realor that isn't a licensed mgr. This is a Nv law.

Are you prepared to evict someone that is behind in their rent or are a menace. These are things you need to take into considersation.

I hope this is helpful.

[airics]

Originally Posted by 007 license to sell

i am a realtor and yes the market is still going down, it is a good time to buy due to prices are at historic lows, interest rates were at a all time low unfortunately those just went up. If a realtor tells you that we are at the bottom i want their crystal ball.

The condo market is really soft, there are nice condos out there even cheaper than the $70,000 that you looked at however there is more to renting than just collecting rent. Are you finacially prepared to take on a property if the renter trashes it that you can fix it back up.

Do you know that if utilities aren't paid that in nv that the utility company can attach a lein on your property, so you need to keep utilities in your name. also if you don't keep up your home owner dues they to can attach a lein on your property.

If you live 50 miles or more from the rental property that you have to have a licensed property manger not just a realor that isn't a licensed mgr. This is a nv law.

Are you prepared to evict someone that is behind in their rent or are a menace. These are things you need to take into considersation.

I hope this is helpful.

wrong.... You always have the tenants responsible for the utilities... Do you want to get stuck with their bills.. The utilities are in their name before they move in...

Wrong..... Its 60 miles and you can have anyone be responsible (doesnt have to be a realtor), it could be family member etc..

[alexanderaf]

Originally Posted by ocean2026

Condos historically don't return as much as houses do. It is more likely than not that Las Vegas will continue to have price declines- if prices decline another 20% over the next year and you had put 20% down what is your equity?

it might be a good idea to invest in one and some point - perhaps next year -however assess the rental market before you do.

Zero! Did I get it right

[confetti]

Originally Posted by airics

wrong.... You always have the tenants responsible for the utilities... Do you want to get stuck with their bills.. The utilities are in their name before they move in...

Wrong..... Its 60 miles and you can have anyone be responsible (doesnt have to be a realtor), it could be family member etc..

okay, now I'm confused. Do you keep the utilities in your name or your renters? I always thought you keep it in the renters name because they are responsible for it. Hmm 007 is right I haven't really thought this through.

So this would mean that I have to find a condo within 60 miles of my house? that's interesting, is my realtor suppose to know that because that person didn't tell me anything about this. Is this only for condos or for single family homes too? my realtor is trying to convince me to buy a single family house in northwest because my realtor said it's the fastest selling place and I have a better chance at a low price in that area.

thanks for everyones replys!

[airics]

again, utilities go in the renter's name.. before they move in

if you are going to manage your own properties, yes you have to be within 60 miles, otherwise you must appoint someone to do it... could be a relative, neighbor, etc...

your realtor is correct, the nw gives the best bang for the buck.. my rental is actually in the north and i have had no problems whatsoever... stay north of Craig, west of 15

and in my opinion, a sfr is easier to rent than a condo especially with pets...and the hoa fees are higher with a condo...

also you can put in your lease with the tenants that you have the right to inspect the home every 30 days (with them present of course..).. i check my house every month

[sornic]

I'm from France. I want to invest in Las Vegas, LV I find more interesting than California or Florida (there are too many foreign investors) I am looking for house with 3 bedrooms minimum located to make the colocation in the 89134 or 89103, if partners want me advised on the charges and income tax I will be delighted. For a few years against the established housing crisis in France and it will resell the property to buy in usa france ... and I will be happy to assist in my turn of the brave Americans who will advise me in the coming days.


Je suis de France. Je souhaite investir à las vegas, je trouve LV plus interressant que la californie ou la floride (il y a beaucoup trop d'investisseur étrangers)Je cherche des maison avec 3 chambres minimuns bien situé pour faire de la colocation dans le 89134 ou 89103, si des partenaires souhaitent me conseillé sur les charges et impot a payer je serai ravi. Par contre dans quelques années la crise immobilière s'établira en France et il faudra revente les biens usa pour acheter en france...et je serai content d'aider à mon tour des braves qui vont me conseillé ces prochains jours.