Buying Homes In Las Vegas

[Adam Jaken]

Hi guys and a happy Friday to you all. I would like to start off by saying i love this site and all the posts people put up! I have recently been reviewing a lot of posts and it seems like a lot of you are receiving a very high return on investment. I was wondering how that was? I currently own 5 properties in the Las Vegas area and I bought them in 2009 - 2016 and it seems like after calculating all my yearly expenses i make a 5-6% return on the cash i invested in the properties. A little about the 5 properties i own. They are all in class A communities and have very to zero turn over in the last 5-7 years. They are all paid off in cash and I was wondering if there was some where else in the US I can invest and purchase property with a higher return on my money, but not overlooking the fact I would like the properties in a class A neighborhood also? From your expertise what else can i do to expand my investments? What other states/towns are good for ROI for single family homes? Thank you guys for all your posts and happy investing to you all!! Adam

[Robert Adams]

Sounds like you are doing well. With rents going up hopefully your returns will increase in the near future as well.

Have you ran comps on your 5 properties lately? I would find out how much equity you have in each so you can calculate opportunity costs if you were to sell or refi etc in order to make other investments. There is not enough info given to advise whether you would be better off holding what you have or if you would be better off selling or refinancing so you can find new deals.