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

Mira Villa Announces Grand Opening - First Ever Open House Weekend

Friends and Colleagues, Nexus 30 is excited to announce that Mira Villa - the luxury golf-front condominium community nestled between the JW Marriott and the TPC and Angel Park Golf Courses - will be celebrating a Grand Opening weekend on October 10th and 11th. This event will be our first ever Open House, as we welcome the public to tour the property.

The two-day grand opening festivities will allow locals to get a taste of the Mira Villa lifestyle through an exciting line-up of activities including: tours of all of our stunning model homes; poolside hors d'oeuvres; performances by members of the Las Vegas Philharmonic; a photo opportunity with dancers from Nevada Ballet Theatre; a swing clinic from the TPC Las Vegas PGA Tour Academy; and a wine tasting presented by JW Marriott Las Vegas Resort & Spa.

The grand opening celebration at Mira Villa is free and open to the public from 10 a.m. to 4 p.m. on Saturday, October 10 and 11 a.m. to 4 p.m. on Sunday, October 11. An exact schedule of events can be found at www.miravillalv.com.

If you'd like more information regarding Mira Villa or any other condo complex in Las Vegas, please contract Felipe Crook at 1-866-589-1646 or email me at felipe@felipecrook.com

Felipe Crook

Prudential Americana Group

Las Vegas NV 89117

The Ridges is a spectacular custom home community nestled against the picturesque beauty of Red Rock National Park on the west side of Las Vegas.  In 2004 Forbes named The Ridges as the third most exclusive guard gated communities in the Country and as you drive into this stunning community, you can see why. The contemporary architecture coupled with stunning views of the Spring mountain range plus the famous Las Vegas strip make these custom properties incredibly desirable.

One feature I notice as I drive through the community is how well this community blends in with the natural vegetation of the desert (minus the great big patches of golf course).  The custom lots in this area are secluded by long driveways which give a great amount of privacy.  There are also semi-custom homes in Boulder Ridge by Christopher homes.  The models of these homes are incredible ranging from 4000 sq ft up to 6000+sq ft. The attention to detail is superb and the views are breath taking. 

The Ridges Amenities:

• 24 Hour Guard Gated Entrance
• Jack Nicklaus Designed Golf Course
• State of the art fitness center
• Swimming pool and spa
  
• Private Residents only clubhouse
• Walking trails and parks

There are distinct neighborhoods in The Ridges which include Arrowhead, Promotory, Redhawk, Rimrock, Azure, Falcon Ridge, and The Pointe.  The builders in The Ridges include some of the best know developers in the city which include:

Below are some of the current homes available in The Ridges.  If you'd like more information about this custom community, please contact Felipe Crook at 1-866-589-1646.

Summerlin is a gorgeous master planned community on the west side of Las Vegas. A master planned community is a parcel of land that one developer has planned all aspect of how the land will be used. It dictates what kind of home, what kind of commercial, retail space, and how everything will look. Living in a master plan has the great benefit of an association maintaining the integrity and quality of the neighborhood. This huge parcel of land that developer Del Webb has created is quite desireable because people really enjoy the aesthetics of this area. All the common areas in Summerlin are landscaped and maintained by the association.

Summerlin is comprised of villages which feature walking trails, parks, golf courses, country clubs, shopping, and beautiful views of the city. Located on over 23,000 acres, the tennis courts, community centers, and gourmet cuisine make living here absolutely flawless. It's only a short drive to the strip, but you might not want to leave when you're here.

Our inventory of foreclosures has dropped dramatically all across the valley, but especially in the Summerlin area because it's a very popular and desireable neighborhood.  If you'd like to search for foreclosures in Las Vegas Click here. If you would like more information on any of the property you see, please call me toll free at 1-866-589-1646.  Below are all of the available foreclosures for sale in Summerlin Las Vegas Nevada.

The 89138 zip code in Las Vegas has some very desirable neighborhoods which many buyers find quite attractive.  This is one of the newer areas in Summerlin, the master planned community on the west side of town in Las Vegas.  This area is nestled up against the Red Rock national park. 

Summerlin is a gorgeous master planned community on the west side of Las Vegas. A master planned community is a parcel of land that one developer has planned all aspect of how the land will be used. It dictates what kind of home, what kind of commercial, retail space, and how everything will look. Living in a master plan has the great benefit of an association maintaining the integrity and quality of the neighborhood. This huge parcel of land that developer Del Webb has created is quite desireable because people really enjoy the aesthetics of this area. All the common areas in Summerlin are landscaped and maintained by the association.

Summerlin is comprised of villages which feature walking trails, parks, golf courses, country clubs, shopping, and beautiful views of the city. Located on over 23,000 acres, the tennis courts, community centers, and gourmet cuisine make living here absolutely flawless. It's only a short drive to the strip, but you might not want to leave when you're here.

If you would like to search for home for FREE in Las Vegas click here!

Felipe Crook

Prudential Americana Group Realtors