Las Vegas Real Estate News
An unanswered question for Southern Nevada commercial real estate markets is whether they will recover to the typical vacancy rates enjoyed before the Great Recession. My opinion is that office will continue to have high vacancy rates while retail vacancy rates will fall rapidly. This is the time to get into retail strip malls.
Crazy right? The Southwest is becoming it’s own city with aggressive growth. We generally don’t recommend “New Builds” for investors as they come with a high initial tax burden and steep HOA costs. Better returns are found on homes that are not in HOAs.
One of my associates has a property where the owner is willing loan 6%, interest only on a 3yr loan for $295,000. That puts the total payment inc taxes and insurance $1,128.17. It should rent from $1550 to $1650. Cashflow somewhere is the range of $421 to $521 which is not bad.
Moving To Vegas?
Barb’s Corner – Here are this this week’s lows and highs. Call her at (702) 759-9724 if you want more information on these.
Our phone is blowing up on investing and managing SFRs in the short term rental market. It’s so popular, I create a whole page to answer FAQs on Airbnbs. Please read this page first before calling. If you have the guts, we have the process for you.
This weeks’ Commercial Recommendation.
Proven techniques for managing properties. On Sale Now
This book was written to help other property managers and brokers live a comfortable balanced life. While most of the concepts and tips are applicable to folks who want to manage their own properties, the majority of the content is for business owners. This book also applies to small and large operations.