All Forum Posts by: Craig Corby

Thank you Charles.

I understand you see a better area. Where would you suggest me to concentrate my effort?

Hi.
I was offered to buy a home in Las-Vegas as an investment. I hope to earn mostly from its appreciation. The House costs 60,000$, and the rent is 370$ a month, guaranteed for the first year. I hope to sell the house for 100,000$ in Five years.
However, I am worried about the general situation of the American economy, which doesn’t seem to be picking up jobs fast enough, and I’m not so sure that the rent will stay the same for future years (assuming I can rent it…). Do you think Miami is a good location for a second home investment, and represents a good return in comparison to the riskiness of this deal? Are there any other cities in the US which represent a better deal, as far as you’ve heard?

Thanks in advance

Craig