What Type of Investments Weather the Storms Well?
Friday, August 07
Not all rental properties fare equally during economic downturns. Rental property stability during times of financial turbulence is dependent on the stability of jobs for the pool of tenants. If the pool of tenants for a given property remain employed at a similar income, they will scale back...
Is Las Vegas for You?
Wednesday, August 05
There are a lot of discussions on Biggerpockets about where to invest. I am a Realtor in Las Vegas and most of my clients live in other states or countries and one of the first questions I get is, “Why should I invest in Las Vegas?” My response is,“What are your goals?” It is important for m...
How Do You Define Class A, B, and C Properties?
Monday, August 03
I have been recently asked about where I think the Class A, B, and C properties in Las Vegas are located. So I put the following response together. The short answer is that the type of property class is defined more by the tenant population than the physical location.In Las Vegas, and I assume mo...
A Process for Increasing Your Odds of Profitably Flipping Properties
Monday, July 20
Flipping can be a profitable business but you need to really know what you are doing or you can lose a lot of money. At least once a month I see one or two partially remodeled properties for sale. When I see this I know there is another “instant profit” flip victim. Many things have to be right b...
How To Compare Properties in Different Metro Locations
Thursday, June 25
In this article we will compare an identical property located in different locations to show the effects of property taxes, landlord insurance and state income taxes on cash flows.Calculating Cash FlowA formula for estimating cash flow is shown below: Cash flow = Income - Recurring Expenses -...
How Do I Manage Real Estate Investment Risk?
Wednesday, May 20
There are risks involved in real estate investment just as in any investments. This article covers these risk factors and possible ways to manage them.Risk FactorsIn general, we divide investor risks into the following categories: Legal risk - A tenant sues you.Price risk - you pay too much for...