Investing

Want to learn the basics in investing in real estate in Las Vegas? This page outlines the basic steps in purchasing properties.

Click here if you want to access real life investment case studies. These studies include rates of returns and direct contact information of individual investors.

Here is a local agent explaining what most of his investors purchase in Las Vegas.

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Investing in Real Estate in Las Vegas

Las Vegas investing can be a tricky business for people who don't live in Las Vegas. This site is for those who want to learn how to avoid making mistakes and make good property investments. Here you will find effective ways to select the right agent, purchase the right properties and get them managed effectively. You can do this but you need to do your homework first. Follow these steps and you will make money.

Major components of investing in real estate in Las Vegas Real Estate.

1. Determine a financial rout. You will waste all your time if you start looking for properties before determining whether you will be paying cash or getting a loan. If you are not a US citizen, your choices are very limited to either paying cash or getting a hard money loan. If you are looking to get a hard money loan, here are some suggestions: hard money lenders in Las Vegas. If you are a US citizen, it is recommended you start with your current national bank. If your local bank is not in Nevada, then it is unlikely they are licensed here. Go here for Nevada licensed lenders.

2. Decide which purchasing method is best for you. If you attempt to use all paths simultansously, you are likely to make mistakes as there is a steep learning curve for each. Here are the essential paths to purchasing properties:

		Advantage	Disadvantage
	Auctions	You may get lucky.	You might big liens & hidden problems.
	Tax Liens	You will probably get a good deal.	Tax liens take 5 years to cure (no revenue for 5 years).
Agent	Short Sales	You will probably get a good deal.	This process can take 2 months to 2 years to close.
Agent	Foreclosures	You will get a good deal.	You need a good agent.
Agent	Privately Owned	You can negotiate price.	You will probably pay way over market price.
Agent	Private / Tenants	You can negotiate and get a tenant.	These are hard to find and usually sold at market prices.

3. Define your income strategy. Flipping is better suited for local investors who have the time and resources to get a property repaired. Purchasing a property that is in good condition and has enough equity to flip is a needle in a haystack. Investors who fly in looking for this needle always walk away empty handed. The best strategy at the moment for out of town investors is to purchase properties in average neighborhoods and make them available for renting or lease/option.

4. Find a good agent. Regardless of which income strategy you use, you will eventually need to rely upon an agent to help you find a buyer, renter or lease/option tenant. Most investors discover they lose money in the long run when they factor in the amount of time spent finding a prospect or lose money learning lessons the hard way. Contact us if you want a free list of pre-screened local real estate agents who know what they are doing.