I live in Nevada but have been looking in bullhead city AZ for rental properties. I see a few places I would be interested in. I'm not very familiar with the area. From what I've been told elsewhere the Riviera isn't that great and large percentage of vacancies. I was also looking at Holiday shores area but was told that that isn't the best area either. Is the area troubled? Is it difficult to get renters there? I'm looking at stick built homes not trailers. Any information would be appreciated.
Have you thought about investing in other states besides AZ where the cash flow would be better? Or is there a reason why you have chosen AZ?
I live in Henderson NV, I've been looking for some sort of deals here but I've been effectively priced out of the market. I looked in neighboring towns. One town close by is really only good (in my opinion) for trailers as the ground shifts and causes foundation problems. I have a hard money loan so I can't invest in trailer properties. I used to have a rental in Oregon but I sold it unfortunately. I have been looking in other places, but being unfamiliar with them, unable to go see them quickly, makes it a little tough as I'm a hands on type of person. I want to see it and fix it myself. I like some places in Texas, Oregon, Arizona, Nevada, Utah. But like looking at Bullhead city, I found a great property, but it's been sitting for sale for a year. As I asked people that are somewhat familiar with the area, they tell me that's not so great an area and I may not be able to get it rented. Looked great to me. So I thought I'd ask other people on here for other opinions on the area. I haven't chosen AZ. Just limited in funds to put down, especially if it needs a lot of repairs.
Also if it needed repairs, I can do it all myself. I am very skilled in most all of the trades. So the further away, the more money I have to spend on someone else doing what is simple for me to have done for 1/2 the cost.
Like most places, Bullhead City has some less desirable areas and some more desirable areas. Riviera was developed as a retirement area years ago, and is a mix of stick built ad mobile homes, mostly older mobile homes these days. While there are still some properties that ca be profitable, other areas might be more desirable in this area. Bullhead City is a river/casino area, so there are some great opportunities for "seasonal" rentals as well, or the latest craze, Air BnB.
I am very familiar with the area and wouldn't mind giving a little help if you want it.
Thanks Mark, I would appreciate that. I'm not very familiar with the area but the prices are in my affordability zone. I wasn't too impressed with Riviera area anyway, but looked at a home in Holiday shores which seemed nice (not sure if that's basically Riviera area as well just with a different name), then I was told that Ramar st had a lot of crime issues. Compared to Las Vegas, the crime seems benign, but I am concerned about being able to rent it out. I'm not living there, so my concern mostly is it being rentable, quality of tenants, and resale. For the time being, I'm concerned about how rentable is it before I buy in that area. I was going to call a few property managers tomorrow and see if I couldn't get any information. Happy to entertain other areas.
Ramar is a major road in the Bullhead area, running east/west through many areas. Ramar in the Riviera area has a higher crime area, but nothing like areas of LV.
Rents are currently running an average (for an average home) at about $875mo for a 3x2 SFR. My Son and family are currently looking for a place to rent, and homes are being snapped up before they can get to them. They are having some difficulty finding one. Rents seem to be rising steadily over recent months.
Holiday Shores is a better area than Riviera. Stick builts outnumber mobile homes in that area. You have an address? Sometimes just the right street makes a significant difference.
I was looking at Yale dr. I haven't made any decisions yet. it's a bit small but it was move in ready. I already have a property that I'm doing time consuming work on so less work the better.
Can you recommend a realtor down there?
Yale Drive, to sound like a broken record, has some good and some bad, usually not too bad though. Is a mid 1980's through mid 1990's development area. Homes aren't brand new, but usually not in too bad of shape.
As for the realtor, I haven't had the opportunity to work with too many here. John" Doc" Holladay, at Bullhead Laughlin Realty won't be a bad choice.