[NYDANIEL]

Hi all, I really would like to thank you all for taking the time to response to my questions and thought. Your answers are very thoughtful and insightful. I am looking around area code 89103 for now. but I'm still exploring possibilities now maybe 89121 is a possibility as well. I'm a NYC public school teacher, getting tired of the cold snowy winter in the East Coast. love the dry climate in Vegas. love the buffets and gambling as well. lol. hope I don't loose my shirt. any additional comments is greatly appreciated. thank you.

[SonOfHender]

Anthem, 89044 and 89052. 55+ communities of Sun City Anthem and Solera. Paradise! Do take a look.

[Katie the heartbreaker]

Originally Posted by NYDANIEL

I'm a NYC public school teacher, getting tired of the cold snowy winter in the East Coast. love the dry climate in Vegas. love the buffets and gambling as well. lol. hope I don't loose my shirt. any additional comments is greatly appreciated. thank you.

That scares me.

[Danknee]

What is the point?

I don't understand why you are in the market for real estate now if you are 10 to 15 years away from moving here. Are you prepared to be an absentee landlord? Are you in Vegas frequently enough to manage your own rental? Have you factored property management costs into an already mediocre ROI?

Perhaps max out your retirement accounts instead? Move to Vegas and retire in 15 with money instead of a worn out rental property. Seems like there are much less risky financial gambles available to someone in your position.

[yellowsnow]

Originally Posted by Danknee

What is the point?

I don't understand why you are in the market for real estate now if you are 10 to 15 years away from moving here. Are you prepared to be an absentee landlord? Are you in Vegas frequently enough to manage your own rental? Have you factored property management costs into an already mediocre ROI?

Perhaps max out your retirement accounts instead? Move to Vegas and retire in 15 with money instead of a worn out rental property. Seems like there are much less risky financial gambles available to someone in your position.

This is probably very true. Anything that has been rented for 15 years here or anywhere is going to be tired and beat up by the time you get here! You would have to save the money to gut the condo and redo it by then! And that's if you had perfect renters.

The idea of retiring here is probably a good one. You can't throw a rock here without hitting someone from New York. You could probably say that in Florida too. As long as you don't like gambling too much, it can be a great place to live.

[NYDANIEL]

Originally Posted by Danknee

What is the point?

I don't understand why you are in the market for real estate now if you are 10 to 15 years away from moving here. Are you prepared to be an absentee landlord? Are you in Vegas frequently enough to manage your own rental? Have you factored property management costs into an already mediocre ROI?

Perhaps max out your retirement accounts instead? Move to Vegas and retire in 15 with money instead of a worn out rental property. Seems like there are much less risky financial gambles available to someone in your position.

you got me thinking. you got a very good point there. I am almost maxing out my 401k and roth. but I'm also thinking to be an absentee landlord as well? difficult decision. yes, I go to Las Vegas 3-4 times a year for my vacation and thinking for hire management to run property. I believe the cost of property management is around $100 per month. not looking to make profit here. just kind of forcing myself to safe money. because If I see extra $$$ I would spend it.

love Buffets and hobby of gambling. may be dangerous. lol. or maybe I will get sick of buffet. see, I do not cook for myself , that's the problem.

[airics]

Absentee landlord is a huge mistake as are property mgmt companies

[usnftcret]

Originally Posted by NYDANIEL

you got me thinking. you got a very good point there. I am almost maxing out my 401k and roth. but I'm also thinking to be an absentee landlord as well? difficult decision. yes, I go to Las Vegas 3-4 times a year for my vacation and thinking for hire management to run property. I believe the cost of property management is around $100 per month. not looking to make profit here. just kind of forcing myself to safe money. because If I see extra $$$ I would spend it.

love Buffets and hobby of gambling. may be dangerous. lol. or maybe I will get sick of buffet. see, I do not cook for myself , that's the problem.

Just stick to a comfortable budget and you will do fine. On the other hand if you are one of those that chases their losses?? I think you have a good handle since you are able to max out 401k and Roth.

[MediocreButArrogant]

Originally Posted by vtvette

If the house is reasonably priced they seem to move. There are a few houses in the neighborhood that have been for sale for some time now but, they are over priced. The house next to us is For Sale. Many, many people come through to look but the owner is asking too much.

The other explanation is that some people don't know the difference between the Lakes, and Lake Las Vegas.

[vtvette]

Originally Posted by MediocreButArrogant

The other explanation is that some people don't know the difference between the Lakes, and Lake Las Vegas.

HA! I didn't even think of that!