i am looking for investment property in Las Vegas. Where is the best area to buy and easy to rent ?

(0) | asked by: wing lau | share | 44 months ago | Report

Answers

Since people rent all over las Vegas almost any area is "the best." Ask yourself where you would rent if you were a renter. What would be your criteria? Would you want schools? Nearness to a bus route? Nearness to the Strip because so many people work there? Nearness to a hospital, supermarkets, services? How much would you be willing to pay for a rental? In short, you have to figure what your ROI (return on investment) will be from whatever area you choose. It is best to buy a small home that has a small rent like $800 to $1000 per month rental than a larger property where you might have to rent it for $3500 per month. Obviously more renters will find it easier to pay the smaller sum than the larger sum. Therefore areas where you can buy such a home would be a better area for your financial goals. Please call or email me for further information. It is important to think through all these things before you start choosing a property. Myra Gouger / myra_gouger@yahoo.com / 702-858-9311 / www.nevadahomesdirect.com
(1)   |   by Myra Gouger   |   44 months ago   |   Report
Viewing Answers 1 - 12 of 12
answer by ALVIN KING GRI, B.A.   |   Visit My Website   |   Contact Me
Las Vegas is a very unique city, most areas are great for investment. If you utilize a professional to assist you, and make you aware of the pitfalls of investment and how to make it work for you.
0
0
Answer Helpful?
35 months ago  |   Report   |   share
answer by lucena nicolas   |   Visit My Website   |   Contact Me
If you were buying here on the Big Island of Hawaii, I would tell you in a Heart Beat to buy in Hilo, Hawaii. Everyone seems to work in Hilo and with the cost of gas rental in Hilo is in Big Big demand. Good luck and Aloha
0
0
Answer Helpful?
35 months ago  |   Report   |   share
answer by John Brassner   |   Visit My Website   |   Contact Me
It depends on your investment criteria. If you need a web site in Chinese www . ChinaLasVegas . com
0
0
Answer Helpful?
35 months ago  |   Report   |   share
answer by ALVIN KING GRI, B.A.   |   Visit My Website   |   Contact Me
I would love to assist you. My contact information is available for your viewing. I look forward to talking with you.
0
0
Answer Helpful?
35 months ago  |   Report   |   share
answer by John Brassner   |   Visit My Website   |   Contact Me
Hello Wing, if your native language is Chinese, I have investment information in Chinese, just email me and I can send that to you (email address is in my profile). The areas depend on your investment goals. Let's talk by email or phone. Thank you.
0
0
Answer Helpful?
36 months ago  |   Report   |   share
answer by EMMA AGUILAR   |   Visit My Website   |   Contact Me
Hi Wing, Just checking on how are things? Let us know if you still need help with anything Real Estate. Take care.
0
0
Answer Helpful?
36 months ago  |   Report   |   share
answer by Leslie Camp   |   Visit My Website   |   Contact Me
I would be happy to discuss your options. Please give me a call or visit my website at www.LeslieSellsLV.com Look forward to it, Leslie 702.328.6898
0
0
Answer Helpful?
44 months ago  |   Report   |   share
answer by John Brassner   |   Visit My Website   |   Contact Me
Why don't I find you an investment property that is already rented? Contact me to discuss... ________________________________ John A. Brassner, MBA, REALTORĀ Short-Sales, Residential, and Commercial ________________________________ Prudential Americana Group, REALTORSĀ 10777 W. Twain Ave #333 Las Vegas, NV 89135 Cell: 702-808-9816 Fax: 702-995-0488 Email: john@john4realty.com NevadaRealEstateCenter.com
0
0
Answer Helpful?
44 months ago  |   Report   |   share
answer by Judy Marshak   |   Contact Me
The best place for a rental home, if you are doing the managing yourself is somewhere within a 10-30 min. drive of where YOU live. You will be making frequent trips to the property so you don't want to be driving for hours. Any area is a good area for rentals. They are all over the city. Pick a home where the numbers work out to a good return, around 10% to 12%, and you should be fine.
0
0
Answer Helpful?
44 months ago  |   Report   |   share
answer by Mario Mascarinas   |   Visit My Website   |   Contact Me
Hi Wing Lau! Thank you for your inquiry. The answer to your question will be best served with a one-on-one discussion. I can be reached 24/7 either by: Call / Text - (702) 245-7271 or E-mail - mascarinasrealty@gmail.com. Let my 11 years of experience in the Las Vegas real estate market work for you.
0
0
Answer Helpful?
44 months ago  |   Report   |   share
answer by Louis Gosioco   |   Visit My Website   |   Contact Me
When choosing a home to purchase for rental you will want to look at where you cam have a better ROI, and also you would want to buy a home that has a good value & potential for future appreciation. As long as your rent is priced properly you should not have any problems in finding renters. Depending on how much you want to invest, it also dictates what property will be suitable for you. At your convenience, you can call me at 702-372-9727 or email me at louisgk1@gmail.com. Although in general small homes will be fine for rentals, it is also nice to have 4 or 5 bedroom homes. I will be glad to discuss further with you. Thanks'
0
0
Answer Helpful?
44 months ago  |   Report   |   share
answer by Jason Hunt   |   Visit My Website   |   Contact Me
Myra makes several good points. I would also add that when you consider renting out a home here the two most important factors are the condition of the home and the amount of rent you are asking. If you have a home that is in excellent condition and you are asking the market value for rent, you should not have a problem renting it. If one or the other is out of whack then it may sit vacant for a while....as my company does both help investors buy and manage rentals, these are the two most important aspects no matter which area you decide to buy or what price range you buy in.
0
0
Answer Helpful?
44 months ago  |   Report   |   share
Please read Homes.com's Questions & Answers Community Guidelines.