Investing in Las Vegas Real Estate certainly makes sense right now and we have to underscore by pointing out 30-50% of all homes sold in Las Vegas are to investors snapping up cash positive deals, with 20-30% down or less in some cases. Quick recap on why investing in Las Vegas Real Estate makes sense:
- Land will always be a premium here in Las Vegas; approximately 80% of land around the city and surrounding Clark County is public land owned by the Feds or State Government.
- We have only a 2.7 month inventory of homes right now available for purchase – at some point the lack of inventory may not keep up with inventory and investing in Las Vegas Real Estate may not be as lucrative or easy.
- Speaking of easy, it’s not super easy buying a house in Las Vegas for investment; meaning, we have on average 8-10 offers in the super hot $50-150K range and we don’t see this changing any time soon.
- Affordability is driving our market – these prices are close to 1998 levels, with our media price set at $125K; there may not be a better time for investing in Las Vegas Real Estate.
- Interest rates continue to hover at near record lows – we don’t think these will change any time soon, but the “economic winds” can and do change quickly.
- Unfortunately we have a lot of people losing their homes to Short Sales or Las Vegas Foreclosure, as a result our rental market is very strong.
- During the holiday season there is a natural break in some of our sales processes; now is a good time for investing in Las Vegas Real Estate.
If your a serious investor who is interested in Investing in Las Vegas Real Estate we have a team of experts that are trained as Certified Distressed Property Experts, we also have comprehensive Property Management services, we’ve worked with investors here in the US and many country’s including: Canada, England, France, Mexico, China, Japan, Argentina and man others. We have investors focused Las Vegas Foreclosure Bus Tours each Saturday please click here to sign up or for more information.
[...] of what we had in inventory a year ago at this time, which is also a positive sign for a continued Las Vegas Home Sales Increase. Also, Novembers 1,477 Las Vegas Foreclosures reflects approximately a 27% decrease from a year ago [...]