Las Vegas Realtor

Chris LaHaie, MBA, Realtor Epic Realty 2820 S. Jones Blvd Ste. 101 Las Vegas, NV 89146 702-338-8256

Tuesday, November 17, 2015

Buy and hold Las Vegas Housing

The Las Vegas Housing market has gained momentum over the past 5 years.Tthe property values have gone up with rental rates exploding in certain parts of the city.  The time to buy a home in Las Vegas for rental income is now.  The interest rates make it possible to leverage your cash for outstanding returns.  You can double the rate you are getting with cash in the bank.  In a city like Las Vegas finding quality rental property is not difficult but it will take a 3-5 year plan to enhance profits.  The most important thing is to get financing at the extremely low rates and consider the projected rental rates and housing costs over the next 5 years.  The key is to find property that will give you small returns of $100 to $200 in cash flow each month rather than to look for the home run property.  The home run property will come along but there are money making properties on the market every single day.  Investment in real estate makes money exponentially over time.  Each day you do not own property you are losing potential future income.  If you calculate modest appreciation of housing values and modest yearly rental rate increases it is easy to see how valuable real estate is over time.  Building your net worth is the name of the game in real estate.  Building net worth is the master plan for success in life and investing.  If you have the ability to buy real estate and you are not doing so today you are making a mistake. 

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