Many real estate investors are finding the Las Vegas area, including Henderson and North Las Vegas, a great place to meet their investment goals. Investors from out of state or out of the country are flooding the market with cash and snatching up homes. Especially these days, you often find news articles talking about how much real estate has gained in value, investors feel pressure to purchase as quickly as possible, since the appreciation rate is going up faster than expected.
Buyers who were waiting for so called “Shadow Inventory” missed their chances to purchase at the bottom. Now we see bank owned homes listed at higher than traditional sales, banks are not flooding the market with low-priced homes at present.
For investment, not only purchase price and location, there are many other factors that have to be considered. Many home owner associations restrict renting homes, and some communities have too many available rentals on the market. To help you acquire the best investment property for your needs, we provide rental comparatives of the same subdivision which include the number of available and leased homes or units. We also research the history of each property and check the prices in the same communities at the peak of the real estate boom.
Home owner association fees, master plan fees and SID/LID will add up your monthly expenses. Repair costs, landscaping, window blinds and appliances also have to be considered.
Atsuko Winston and Sachi Reeske together hold a property manager permit, short sale designation CDPE, bank owned BPO/REO designation and single family CFAC/SFR certification. We assist investors daily in purchasing properties and placing good tenants in them.