|
Title: Las Vegas Home Investment Opportunity Post by: tjkeller on September 28, 2010, 11:50:59 AM Las Vegas investment opportunity...if only I had the $$$ :25-
LAS VEGAS- Nevada~3/2 - RENTED $800/MO- TURN KEY-Great Investment (http://www.bid4assets.com/auction/index.cfm?auctionID=471225) or better yet here's a nice little one in Texas with a Home Game Room already in it: Arlington, TX - Magnificent 22,000+ sq ft Mansion (http://www.bid4assets.com/auction/index.cfm?auctionID=455327) Title: Re: Las Vegas Home Investment Opportunity Post by: brichter on September 28, 2010, 12:47:28 PM God, I hate to see those prices...
The Vegas place is going for roughly one half of the DOWN PAYMENT on a similar house around here. The Texas place is going for the price of a 4 or 5 bedroom ranch style 60 year old house on a 7500 sq. ft. lot around here. I think I'm going to be sick... :40- Title: Re: Las Vegas Home Investment Opportunity Post by: knagl on September 28, 2010, 06:57:14 PM The Texas one is beautiful.
What am I missing about the Vegas one, though? $83,000 for a 1200 sq. ft. house with no lot in North Las Vegas. That doesn't seem awful, but I guess it doesn't seem like a steal to me, either? I'd have to defer to Kirk, but I know that not all of NLV is in that great of an area. Title: Re: Las Vegas Home Investment Opportunity Post by: jay on September 28, 2010, 07:30:06 PM Nevada (Vegas in particular) has the highest forecloseure rate in the US. Lots of deals to be had.
This makes me wonder why City Center hasn't lowered its prices. I have been considering buying a condo there as I am sure the market will recover over time. Title: Re: Las Vegas Home Investment Opportunity Post by: Buzz on September 28, 2010, 07:48:42 PM icu44444 lives in NLV in a pretty nice area. Matter of fact he's not on here much anymore, guess those CDSs got to him !!! I guess I shouldn't bad mouth CDS, I have one out of 6 working. ( blew one up when I put the wrong WBA in it ) :25- :25- :25-
Title: Re: Las Vegas Home Investment Opportunity Post by: jdkmunch on September 28, 2010, 08:50:27 PM I wish I had time to buy something like that before my wife becomes in a motherly way.
The thing for me is the airfare - could be as much as pp each way to get to vegas from here. :37- Title: Re: Las Vegas Home Investment Opportunity Post by: brichter on September 28, 2010, 10:47:08 PM The Texas one is beautiful. What am I missing about the Vegas one, though? $83,000 for a 1200 sq. ft. house with no lot in North Las Vegas. That doesn't seem awful, but I guess it doesn't seem like a steal to me, either? I'd have to defer to Kirk, but I know that not all of NLV is in that great of an area. Believe me, if I could move to Texas and afford that puppy, I'd already be there! :37- I'd have the biggest damn gameroom you could imagine! :89- :71- :5- :200- :wa :136- :wa I looked at a 1200 sq ft home on a 2600 sq ft lot ( only 38 years old) this weekend, $599,900. It would need to be tented and there's about $10k of repairs needed, but overall in good shape, and that's reasonable around here. :25- :25- :25- Title: Re: Las Vegas Home Investment Opportunity Post by: uniman on September 28, 2010, 11:12:31 PM We just bought a repo home from HUD here in Moapa Valley. The Valley is 60 miles northeast of Vegas on I-15.
1/2 acre lot with block wall, a 2400sqft home built in 2003. Two car garage, three bedroom, fireplace, etc. Didn't steal it but got what I thought was a decent deal. It was repo'd for $326,000 and we paid a little over two for it. Of course we took a hit on our home back in Mich so considered it all a wash. Vegas is a great place to visit, but I don't want to live there. |