All Forum Posts by: Fadia Eramya-Sealy
Fadia Eramya-Sealy has started 1 posts and replied 3 times.
Quote from @Josh Edelman:
@Fadia Eramya-Sealy Have you thought about potential new-builds? I'm working with a lot of buyers with new builds - they just are crushing the resales in Las Vegas now. That is what many buyers are doing in Las Vegas: getting into new builds. Between the rates, the closing cost credits, and all the warranties and brand-new appliances that come with them, it's just tough to beat. Add in the value add from the A communities/parks/client base around the area, I would consider that. Let me know your thoughts!
Josh Edelman
973-459-0938
Urban Nest Realty
Hello @Josh Edelman,
I haven’t considered new construction. Do you have any recommendations on a builder? We would love to purchase in the Henderson or Summerlin.
Thank you!
Fadia
Thank you! I really appreciate your input.
Hello,
My husband and I are selling our home in Michigan to move back to Las Vegas. We're netting about $130k from the sale of our home and have a little more in savings. We would like to purchase a home in Las Vegas with only 5% down, live in it for 2 years , fix it, and then sell it. Since Vegas is such a hot market, should we buy, renovate, sell, OR rent? Either way, we would like to use the property as our primary and live in it for 2 years to avoid capital gains. We're planning on buying another property in 2 years to start building our portfolio. Should we sell that primary or refinance and do a cash out to buy another property and then rent it?
Also, we're planning on renting the first 6-12 months in Las Vegas so we can take our time finding a property and not feel so rushed. I hate to throw money away on a rental, but we just don't want to rush into just any property. What are your thoughts about renting for 6-12 months.
Any guidance would be greatly appreciated.