Las Vegas Luxury Properties Link

I have been working with a few investors looking to purchase investment properties in the last couple of years.  Some of my clients have bought 1 income property, and others have bought 4-5 properties.  CNN Money earlier this year claimed Las Vegas and the best city to buy an investment property/rental property for those looking to put their money into something a little more stable than the stock market. "Overall, the highest ratings are in markets where home prices have fallen substantially," said Ingo Winzer, founder of Local Market Monitor. "Home prices in these markets are also below average, so empty homes are easily turned into competitive rental properties." The cities were ranked by estimated future returns compared with the projected national average return. According to Local Market Monitor's data, for example, investors in Las Vegas who rent out the properties they buy now will have a 4.7% higher return than the 5.3% national average."

Some neighborhoods in Las Vegas have seen a drop in home prices from the peak of the market as much as 65%.  Many of the available homes for sale here in the valley are priced so low per square foot that the replacement cost to rebuild is higher than the purchase cost.  When prices are cheaper to purchase than to rebuild, investors start to flock towards the market.  Consistently over the last year, 48-54% of our transactions were purchased with CASH.  That is a massive amount of money flowing into our city. Always follow the cash.

For those out of town investors looking to capitalize on our prices and great cash flow, the biggest question I get is where they should purchase.  I almost always answer their question with a question to get a better sense of what your goals are.  Are you going for appreciation? Are you going for cash flow? Are you holding long term? Are you trying to flip properties?  Do you have a time frame?  Are you a foreign national?  Most of the investors I'm speaking to say they want appreciation AND cash flow.  

The most rent-able investment properties with some of the best cash flow have these attributes:

• 1400+ sq ft
• 3 bedrooms
• 2 bath
• 2 car garage
• small yard
• Rents for $900-$1200
• Taxes will range from $1500-$2000 a year
• Home Owner's Association fee vary depending on Neighborhood

These types of homes can be purchased for $90k-$140k depending on the area and upgrades.   This falls in line with our median home price in Las Vegas which is $130,000. If you'd like to get a better quality home above the median price, I would recommend looking at property in the $190k-$225k price range.  In this price range I would try to get a home with these attributes:

• 2500 sq ft
• 4 bedrooms
• 2-3 baths
• 2-3 car garage
• bigger lot size
• Rents for $1800-$2300
• Taxes will be $1800-$2600 a year
• Association fees will vary depending on the community.

I work with a property manager to whom I refer all of my investors.  She can help rent out your property, collect rents, screen applicants, and help with repairs.  I definitely recommend using a property management company when purchase out of state as it'll help reduce the stress and headaches.  

Some popular neighborhood that I've helped investors purchase rental income properties:

Summerlin

Rhodes Ranch

Peccole Ranch

Mountain's Edge

Henderson Green Valley

Northwest Las Vegas

These are just a few of the most popular areas in the Las Vegas valley. There are plenty of great communities that would be perfect for a rental home. 

If you would like a free relocation guide to Las Vegas, please click this link.

Please feel free to contact me directly, at 1-866-589-1646 for more information regarding your real estate investments. Feel free to start your own search of the MLS below.  This system is updated hourly and is more current than Realtor.com.  You can save your favorites, get notified of new properties, and track prices.   I have the ability to send you properties with very specific search terms, so if you need a specific type of property please call me.

Felipe Crook

Prudential Americana Group Realtors

1-866-589-1646

felipe@felipecrook.com

If you are looking for horse property with a lot of land in Las Vegas, I have a great listing for you.  It's very well priced and sits on .75 of an acre AND the vacant lot next door is also available for sale.   Combining the two properties would give you 1.5 acres in Henderson with a 4439 sq ft home with strip views from the master balcony.   This home has a remodeled Kitchen, 3 baths have been remodeled, new flooring and carpet in nearly all of the rooms.   The travertine flooring in the first floor is beautiful and is also carried through to the bathrooms.  If you would like a private tour of this home, please call Felipe Crook from Prudential  at 1-866-589-1646.

For more detailed information, please click the link below:

Felipe Crook

Prudential Americana Group Realtors

Las Vegas, NV 89117

1-866-589-1646

Roma Hills is a beautiful community in Henderson Nevada.  Full of custom homes, this guard gated community sits near the base of the southern mountains in the Las Vegas valley.  Take a look at this beautiful home for sale:

• 4 bed, 4 bath
• Den/Office
• 3427 sq ft
• 12,197 sq foot lot
• Pool and Spa
• Guard Gated Community
• Travertine Floors
• Upgraded counter tops and cabinets
• Much more....

ELEGANT CUSTOM SINGLE STORY*TRAVERTINE MARBLE FLOORS IN ALL LIVING AREAS*KOHLER SINKS & PLUMBING*GE MONOGRAM PROFESSIONAL GAS RANGE*TOP-LINE CABINETRY & ELECTRONICS PACKAGE*THEATER ROOM*CASITA*RAISED EDGE POOL W/SOLAR HEAT & WOK WATERFALL*GORGEOUS SEPARATE MASTER SUITE*2 BOSCH DISHWASHERS*BUILT IN COFFEE/ESPRESSO MAKER

For full details of this property, contact Felipe Crook with Prudential At 1-866-589-1646.

Felipe Crook

Prudential Americana Group Realtors

Las Vegas, NV 89117

Henderson - Green Valley

With the help of local industry, the City of Henderson, Nevada, was officially incorporated on April 16, 1953. Originally about 13 square miles in size, the City quickly began to grow and flourish. Today, the City of Henderson has grown to more than 103 square miles and is the second largest city in Nevada. Henderson is often referred to as having small town values with big city efficiencies. The city's official slogan "Henderson-a Place to Call Home" reflects a community that enjoys small town values while benefiting from big city efficiencies.

An increasing number of major shopping malls, movie theater complexes, restaurants and casino resorts offer residents a variety of choices for leisure time. "Shakespeare in the Park" celebrated its twentieth anniversary in 2006, a testament to the community's long standing support for the arts and cultural programs. The City also boasts the largest recreational facility the Multigenerational Facility at Liberty Pointe in Nevada as well as Nevada's only scenic Bird Preserve. The City supports a variety of other cultural events as well, many of which are held at the outdoor amphitheater, the largest one of its kind in Nevada.

Green Valley Master Planned community

American Nevada Company is the developer of the master planned communities of Aliante, Green Valley, Green Valley Ranch and Seven Hills. Green Valley, American Nevadas flagship community, is located in Henderson and was the first master planned community in the Las Vegas valley. The community, begun in 1978 and encompassing 8,400 acres, received national recognition and was recognized by the Urban Land Institute as a prototype of an outstanding master planned community. It is now home to over 75,000 people.

Henderson is also located just a few miles from McCarran International Airport, and the Henderson Executive Airport, recently acquired by Clark County, has completed major renovations and serves as a reliever airport to McCarran.

Quick Facts

Total Population: 220,236 (January 2004) comparable to Fort Wayne, IN;Rochester, NY;Chandler, AZ; Akron, OH

2010 Projected Population:310,000

Total Square Miles: 94.5 (January 2004) comparable to Milwaukee, WI; Palm Springs, CA; Tallahassee, FL

Golf Courses:

• Black Mountain Golf & Country Club
• Desert Willow Golf Course
• DragonRidge Golf & Country Club
• The Falls, Lake Las Vegas
• Legacy Golf Club
• Reflection Bay, Lake Las Vegas
• Revere at Anthem (36 Holes)
• Rio Secco
• Tuscany
• WildHorse Golf Club

City Parks: 40 developed parks
621.1 total acres Henderson is nationally recognized for its outstanding parks and recreation system, having obtained national accreditation and receiving recognition for Excellence in Parks and Recreation Administration

Trails: Over 11 mile, includes River Mountains Loop Trail, Pittman Wash Trail, and Boulder Highway Trail.

Here are the available properties for sale in the Henderson Nevada zip code 89052:

Felipe Crook

Prudential Americana Group Realtors

Las Vegas, NV 89117

1-866-589-1646

The zip code of 89052 is located within the City of Henderson, Nevada, which was officially incorporated on April 16, 1953. Originally about 13 square miles in size, the City quickly began to grow and flourish. Today, the City of Henderson has grown to more than 103 square miles and is the second largest city in Nevada. Henderson is often referred to as having small town values with big city efficiencies. The city's official slogan "Henderson-a Place to Call Home" reflects a community that enjoys small town values while benefiting from big city efficiencies.

An increasing number of major shopping malls, movie theater complexes, restaurants and casino resorts offer residents a variety of choices for leisure time. "Shakespeare in the Park" celebrated its twentieth anniversary in 2006, a testament to the community's long standing support for the arts and cultural programs. The City also boasts the largest recreational facility the Multigenerational Facility at Liberty Pointe in Nevada as well as Nevada's only scenic Bird Preserve. The City supports a variety of other cultural events as well, many of which are held at the outdoor amphitheater, the largest one of its kind in Nevada.

If you'd like to start your own search for properties in Henderson Nevada click here.  Otherwise, take a look at all of the properties for sale in the 89052 zip code.  If you'd like more information, please contact Felipe Crook at 1-866-589-1646.