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Archive for December 2009

Investing in Las Vegas, NV Multi Family Units

Wednesday, December 23rd, 2009

Las Vegas, home to all time successful and most popular casinos is a vibrant city that attracts gamblers and non gambling business visitors to the state. Las Vegas has different types of multifamily units for rent and sale, apartments, duplexes, and condos. Multi family as the name implies is the residential building with different family units in it.

Multi Family apartments are good investment for investors; these units can bring good rental yield for the investor. An investor can watch his apartments pay for itself as he rents it out or hold onto it to sell off at a later date.
Current sale price of multifamily apartments is between $85,300 – $120,000 per unit
With rental value at less than $1,000/month.
For Multifamily duplexes it’s between $275,000 – $450,000/unit.

Real Estate in Las Vegas is indeed a money pot for many investors as it continues to enjoy increase in population and job growth.

Las Vegas will continue to see an increase in visitors because of its busy life, for a new real estate investor, it will be wise to consider buying Multifamily Apartments above duplexes as it attracts more rental yield while you continue to hold onto the ownership of the house for as long as you want. There are more people to rent than to buy. You may eventually sell it off after some years, here your tenants would have helped you pay off your mortgage on it and you can sell it off even for a better price.

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Some Thoughts on Investment Properties in Las Vegas, NV

Monday, December 21st, 2009

The idea of finding investment properties in Las Vegas, Nevada is an idea that is based on solid ground. The number of foreclosures and the generally down market on the Vegas strip can indeed land you a great deal on some fairly prime real estate. The truth is that you may find a commercial property for seven hundred and fifty thousand dollars in a key Las Vegas location if you find a real estate developer desperate enough to sell it to you. Las Vegas Mayor Oscar Goodman is also likely to give a tax credit to any businessperson who starts a job creating enterprise, whether we are talking about setting up high rise apartments or a shoe store where all the kids likely to get the latest fads as an investment.

Goodman has continued to move forward with his revival plan in order to entice buyers to look at investment properties in his city. The mayor wants to set up a new football stadium in the city of Las Vegas. He also plans to center that new stadium around museums, retail stores and restaurants. The football promise and the attraction that a professional sports team can bring to a city is something that Goodman thinks will entice investors to look at building those commercial properties such as strip malls and restaurants. It is key to economic revitalization in Las Vegas.

Goodman has also been talking to private developers about how building a new Mayor’s office in order to do business in and broker deals could get the economy kicking again. The truth is that you need to get three or four casinos in North Las Vegas booming again if you want to see people buying investment properties there.

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An Overview of Multi-Family Units in Las Vegas, NV

Friday, December 11th, 2009

A multi-family unit is part of a building that is meant to provide living space for more than one family. These types of buildings range from duplexes for two families to apartment buildings for many families.

There are many kinds of multi-family units available for sale and rent in Las Vegas. These units include apartments, duplexes, condos, and townhouses. Multi-family units that can be bought or rented are available all over the city for different prices.

Multi-family units are available in different types of neighborhoods. Units are available in residential areas, in areas that are a mix of commercial buildings and residences, and in areas that are very close to the Strip.

Condos can be purchased for under a hundred thousand dollars. Luxury condos can cost several million dollars. Rent for apartments in Las Vegas ranges from under a thousand dollars to several thousand dollars.

Multi-family unit buildings can be purchased as investment properties and rented out for additional income.

In a large city like Las Vegas, there are many choices for multi-family units. Before people rent or buy a multi-family unit in Las Vegas, it would be a good idea to do research to see what is available that fits their needs. Preliminary research to find out what types of multi-family units are available and what the prices are for these units can be done online. Research on neighborhoods can be done by driving around the city. Once research has been done, selecting a multi-family residence will be easier.

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Condos in Las Vegas, NV

Wednesday, December 2nd, 2009

Condominiums, usually referred to as condos, are apartments that are owned by individuals.

A wide selection of condos is available for purchase in Las Vegas. Those who would like to buy condos in Las Vegas can choose their price range, type of condo, and the kind of neighborhood in which they want to reside. There are also condos for rent.

The price for purchasing a condo in Las Vegas depends on the type of condo. Condos are available for approximately one hundred thousand dollars and some may be purchased for less. Luxury condos can be bought for around five million dollars or they may cost more than ten million dollars.

There are a variety of sizes and types of condos to choose from in different kinds of areas. Sizes can range from a studio condo to a condo with four or more bedrooms. Senior condos are for those who are fifty-five or older. Condos can be located in a single story building or on the fiftieth floor of a high rise building. Hotels near the Strip may have condos inside. Some luxury condos which offer many amenities are in high rises. There are condos located in a park like setting by the Las Vegas Country Club.

Developers are planning to build more condos in Las Vegas. Condos can sometimes be purchased before they have been built.

The location, size, and price of a condo should be considered carefully before making a final decision on which condo to buy or rent.

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A Few Important Things to Know When Selling Your Home in Las Vegas, NV

Tuesday, December 1st, 2009

Selling your home may be one of the most important financial transactions that will occur in your lifetime. You need a real estate agent with an aggressive marketing campaign so your home can be sold as quickly as possible. Choosing the right real estate agent can make selling your home in Las Vegas a pleasant and rewarding experience. A person selling their home needs to choose an agent that has a marketing strategy that includes newspaper and magazine advertisements, internet advertising, open house showings and mail- out advertisements. Listing your home on the internet is important because 82% of buyers start their home buying search on the internet.

Correctly pricing your home is the next step in selling your home. Pricing your home correctly is one of the most important decisions you can make to get your home off the market quickly. You can use the comparative market analysis to come up with a fair listing price. Never use asking price when listing your home because it implies that you will accept less than your listing price. Overpricing your home will result in your home remaining on the market for a longer period of time.

In Las Vegas fifty per cent of the sale of homes are new homes sales. Keep in mind that you are competing against model homes that have been professionally decorated. Your home should be clean and very well maintained. Make all the necessary repairs to your home. Showcase your home in the best possible light to make it more marketable.

Make sure your home has plenty of curb appeal. The first impression of your home is the outside of the house including the front lawn and the driveway. Remember the initial view of your home should leave the buyer with a lasting impression that will remain with them long after they leave.

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