Las Vegas Housing rental rates can increase rental profit

The Las Vegas Housing market has improved and it is much more stable than in the past few years.  Of course, the property values have gone up but the big change has been the explosion of rental rates in certain parts of the city.  The time to buy a home in Las Vegas for rental income is now.  The interest rates are very low even for investment property purchases so you can leverage your cash for excellent returns.  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.  Net worth will give you options in life and you will be able to use net worth as evidence of your financial stability.  It will give you access to cash to buy the home run property when it comes along. 

Consider It Sold Las Vegas: Las Vegas Housing prices and rental rates on the r...

Consider It Sold Las Vegas: Las Vegas Housing prices and rental rates on the r...: Housing prices are increasing rapidly in Las Vegas.  The average sale price is well about $200,000. It is hard to believe that just a few ye...

Consider It Sold Las Vegas: Las Vegas Housing prices and rental rates on the r...

Consider It Sold Las Vegas: Las Vegas Housing prices and rental rates on the r...: Housing prices are increasing rapidly in Las Vegas.  The average sale price is well about $200,000. It is hard to believe that just a few ye...

Consider It Sold Las Vegas: Seller and Buyer Obligations

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Consider It Sold Las Vegas: What Happens When You Make A Counter Offer?

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Consider It Sold Las Vegas: The single escrow company closing system in Nevada...

Consider It Sold Las Vegas: The single escrow company closing system in Nevada...:  I have lived in a few different states and worked as real estate agent and purchased property for myself in Nevada and in Minnesota.  The...

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Chris LaHaie Real Estate: The importance of clean house and seller cooperati...

Chris LaHaie Real Estate: The importance of clean house and seller cooperati...: Have your house cleaned as if it were a villa you were renting on the beach for $5000 a week in Mexico.  We all have different standard...