All Forum Posts by: Brian Walters

I'm looking into condos in Las Vegas and both agree and disagree with some comments on this thread. There is the added cost of HOA fees, but you can also budget far less in long term repair to the unit. You're never going to have to pay to replace a roof, external , etc. Also, some cover some utilities so you can advertise that for the rental.

I agree with reviewing the Financials of the HOA, but that's also something easier said than done. A big thing is confirming rentals are allowed, some don't allow or cap how many are allowed

The HOA fees can add expenses, but you build that into your calculations and if the numbers work they work, doesn't matter what made them add up to what they did.

My parents dealt with this when buying a new primary as the previous owner was selling without somewhere to move.  In the closing agreement it included that the prior owner would pay them a specific amount of rent back for the exact period they were to be in and the day they had to be out by.  Wasn't ideal for them, but ended up working out and I believe their willingness to do this was one of the reasons they got the place in a competitive market.

Just make sure everything is in writing and signed by both parties to protect yourself.

Does anyone have any experience with seller financing in Las Vegas?  

Not sure why I think this, but would think with newer housing, like in North West Vegas it would be something you see far less of.  

Trying to find creative ways to finance deals in town, due to somewhat limited resources, and I read stories of seller financing a lot so curious if it happens in this area.  Open to any suggestions or conversation.

It feels like that new law isn't going to impact the average house in Las Vegas. Given the average yard sizes in the city of Las Vegas most SFH can have a pool that fits the size of the yard pretty well still under these new rules.

Seems like this would impact much larger houses within the city and not sure how those houses work for investing.

 Seeing more and more of that with every property I look at.  The cashflow isn't there a lot of the time, even with prices dropping slightly, but the properties still moving in this town.

Stephanie, I'm interested in learning more.  Would it be possible to send me the listings or addresses so I can research more?  Are these off market?

Not sure what, but with how investment properties move in this town it seems hard to see why these aren't already sold if those numbers are accurate.

Let me know what you think.  Thank you

 Just curious, if you're looking for mutli-family, why not look in Vegas?  I know this town isn't known as being the best for multi, but curious your thoughts.  I'm new to investing, actually looking at condos for my first investment, so our paths sounds similar.  Happy to discuss in 1 on 1 in direct  messages on here as well if possible.

 Don't forget California almonds.  Take a look at how much water it takes to both grow almonds and also to produce almond milk.  

@Palani (Pono) Wright where and when?

I lived in the flight path of 2 major airports in NYC and now live in Vegas and get air traffic from the North LV airport as well as from the base even though I'm in the northwest.  It's easy to get used to the noise to the point where you don't hear it, especially inside the house.  Unless you're so close to the airport that the planes are taking off or landing right over the house it really shouldn't be an issue.  If you found what you think is a good deal I wouldn't let this change that opinion.