All Forum Posts by: Robert Adams

What is your best listing for investors right now? (Based on total ROI). If you can keep it short and/or post a link to your deal online for additional info that would be great.

I have some Vegas deals in the pipeline that I will post as they become available in this thread as well.

I am buying a condo right now with a little over 7% return for cash flow with the hopes of selling in 4-6 months and cashing out about another 15% profit between walk-in equity and future appreciation in 6 months. Looking for a conservative 18% ROI in 6 months on this one after costs. If I can get it in 4 months that will be even better. I bought this one with some self-directed IRA funds.

Also picking up a townhome for $116k and will relist it immediately for $150k. Looking to get around a 20% ROI on this one in 60 days.

I will post the property info and ROI for the next investor once they are ready.

Let's see what deals BP has available right now. Thank you.

The test are not hard. Just review the material given thoroughly and you will be fine. Don't overthink it. The hard part is learning to make money after you have the license.

Maps show housing prices for 2018 and the projected housing prices by state for 2023.

#LVrealestateHELP #TheAdamsTeamatRothwellGorntCompanies
http://www.lvrealestatehelp.com/blog/maps-show-hou...

The maps show housing prices for 2018 and the projected housing prices by state for 2023.1 The projected housing prices are forecasted by housing-price indices five years from now. Compare the data for all states.

The maps illustrate the housing prices for 2018 side-by-side with the projected housing prices for 2023. Median home selling prices are currently over $400,000 in four markets: District of Columbia, Hawaii, California and Massachusetts. By July 2023, Colorado, Washington, Oregon & New Jersey are expected to join this group as well.

The current national median selling price is $239,542. By June 2023, it is forecasted to reach $307,618 — an annual growth rate of 5.1%.

Twenty states currently have home prices lower than $200,000. That number is forecast to drop to 10 states by 2023. California is expected to have the highest home appreciation rate — 8.5% — and will see its average price rise from $485,000 to $730,413 by June 2023.1

1Source data: CoreLogic®
Data date: 08/25/2018
Data for 06/2018 vs 06/2023 (forecast)

(This publication is provided for your convenience and information only. The Adams Team at Rothwell Gornt Companies assumes no liability for loss or damage as a result of your reliance on information in this publication. Photos are for illustration purposes only and are not to be construed as an endorsement of a particular product or company. Unless expressly disclosed otherwise, The Adams Team at Rothwell Gornt Companies is not affiliated with or responsible for the products or services of any company that may be mentioned or depicted in this publication. Our goal is for the contents of this publication to be accurate as of the date this issue was printed. However, we do not guarantee that any content is accurate or complete.)

#realestate #LasVegas #LasVegasEstate #Henderson #HendersonRealEstate #MovingtoVegas #Vegas #LuxuryRealEstate #MillionDollarListing #LakeLasVegasRealEstate #LakeLasVegas #RothwellGorntCompanies #listingagent #buyersagent #Realtor #Broker #realestateinvesting #investor

I can send you matching listings if you submit your info/criteria via my buyers form here: http://www.lvrealestatehelp.com/buying-real-estate.html

They are talking about keep the existing licenses for people that are currently doing it correctly. Seems like that would increase value to these grandfathered licensees' properties.

Myabe we should pick some of these units up and license them before the ban hits?

Just curious why refi when you move out? Why not keep those owner occ term in place for the rental?

Or did you mean refi into owner occ conventional and minimize/eliminate MI and then stay there a little longer then move out?

August 2018 saw a 20% increase in inventory in Vegas in a single month (keep in mind in some price ranges we were under 1 month supply). Sept has continued to increase as well. We are still in a sellers market but definitely not as red hot as it was 6 months ago. Overpriced listings are doing more price reductions while the listings priced correctly are still selling and often times with multiple offers (just less offers, rather than 12 offers maybe they have 3). 

I do agree that people are flocking to Vegas due to new taxes in other states like Bill mentioned. This trend will continue to increase through 2019 as people realize how the new tax changes in those states will directly affect their pockets come tax time. Welcome to Las Vegas land of lower property values, lower property taxes, no state income tax, no S.A.L.T. cap, etc.

With all that being said I do a see a softening here locally but nothing to be scared of. I think it is actually healthier to see some additional inventory hit the market so appreciation rates return to more sustainable numbers and financed buyers that were constantly getting outbid finally have the opportunity to lock up some deals.

I always recommend Key Realty School.

Its downtown on 4th street at Nevada Legal News. The margins are very thin after rehab and paying off title issues etc. All cash. No inspections. Higher risk. And as Jay mention competition is thick. There are companies that can go every day and bid for you for a fee. You can receive lists of properties that are going to auction with proposed title warnings etc. Some titles won't be insurable. 

Getting a new primary occ loan on the new home would be the way to go in my opinion. The terms will be better than a HELOC.

Can't really discuss recommendations for an agent, lender and pm company here in this forum as they will most likely remove the post. You would have better luck in the marketplace forum or reach out privately.

Best of luck.