All Forum Posts by: Robert Adams
Robert Adams has started 221 posts and replied 1661 times.
Post: For Sale in Seven Hills - 1599 Raining Hills Henderson, NV 89052
- Real Estate Broker
- Henderson, NV
- Posts 1,778
- Votes 373
Visit our website for off market deals as well as recently listed deals
Home Details:
-Granite Countertops in Kitchen
-Tile Floors Downstairs
-Hardwood Floors Upstairs
-Interior of House Freshly Painted
-Upgraded Appliances Included in Sale
-Gas Fireplace in Living Room
-2 Car Garage
-Wooden Ceiling Fans
-Chandelier in hallway
-Pool & Spa
-2 Gazebos in Backyard
1599 Raining Hills Henderson, NV 89052
Over 2,200 sqft of living space in this beautiful highly upgraded and remodeled single family home in the Seven Hills area on an over 6,000 sqft lot with a pool and spa. 4 bedrooms, 3 bathrooms, and a 2 car garage with way too many upgrades to list! This one is a MUST SEE and Won't Last Long!
If you would like a private showing or more information please contact The Adams Team at Rothwell Gornt Companies 702.349.9175 or [email protected]
Post: Investor Special! Unique Project on an Acre Lot in Henderson, NV!
- Real Estate Broker
- Henderson, NV
- Posts 1,778
- Votes 373
http://www.lvrealestatehelp.com/blog/just-relisted...
Just Relisted! The owner completed the addition and relisted this 2,850 sqft Henderson home on an Acre Lot for $499,999!
1203 San Gabriel Henderson, NV 89002 for sale $499,999!
2,850 sqft (Public Record shows 1,629 sqft THIS IS INCORRECT) 1 story single family home on an acre lot. With 4 bedrooms, 3 bathrooms, 4 car garage, and with an extra workshop area this home has plenty of space for RVs, Boats, ATVs, and all of your other toys. The owner has made several improvments since these pictures were taken and this home is one you have to see to appreciate. Almost half of this property was just professionally constructed in 2017 as a 1200 sqft new addition, the rest of the home was remodeled in 2016. This home is like new and on an acre lot that is a rare find in Henderson at this price point.
The pictures below are prior to new wood laminant flooring being installed, as well as prior to the addition being completed. Please call for updated pics on the addition or schedule a showing to see the new progress in person. This is the lowest priced home for sale in this entire Mission Hills Estates community as of today.
Contact The Adams Team at Rothwell Gornt Companies for more info, updated pics, and private showings 702.349.9175 or [email protected]
Post: Best way to use 401k to finance a property
- Real Estate Broker
- Henderson, NV
- Posts 1,778
- Votes 373
@Account Closed with the IRA being self directed you choose how agressive or conservative you want your invesmtent to be. Right now I don't see nay factors pointing to a slow down and for that reason I am confident in using self directed IRA funds for real estate. Should the market shift I would also shift my IRA investments to a more conservative investment.
It is definitely a personal decision and everyone has their own comfort levels.
@Ali Hashemi I would be more inclined to purchase a property with out financing if I am using the funds from an IRA. As leveraging the IRA with a loan will increase risk. I would be more inclined to leverage other funds instead of my retirement funds. However, buying a buy and hold property for $100k - $125k with the retirement funds and no debt service in a highly appreciating market like Vegas is very appealing to me right now.
Happy Holidays and Happy Investing everyone!
Post: Strategies To Consider As We Reach A Ceiling
- Real Estate Broker
- Henderson, NV
- Posts 1,778
- Votes 373
We are setup to have our best year ever in Vegas for 2018! So much economic growth, shortage of inventory, and demand through the roof.
In regard to strategies, I agree given the factors above flips are very hard to find right now unless you are buying from off market buyers. We have seen a lot of investors do a hybrid of buy and hold and flip. Meaning they speculate and capture some short term appreciate of 6 months to a year and then do their flip. This allows them to pay more than they normally would for the property to win the bidding wars, capture positive cash flow in the meantime, and the add more equity by rehabbing, then sell.
I hope this is helpful!
Post: Proper Positioning for a Downturn/Crash
- Real Estate Broker
- Henderson, NV
- Posts 1,778
- Votes 373
I agree the down turn is coming....but not for a while....2018 is setup to be our best year ever....fingers crossed fro more income and lower taxes next year!
But to answer your question don;t get caught with your hand in the cookie jar. Meaning don't over leverage yourself when the slowdown comes. Leveraging is fine until the market goes south. At the first sign of a down turn I would consolidate your properties and make sure the ones you are holding on to have positive cash flow and are able to be held until the market comes back again. It is much easier to hold a property that is creating positive cash flow monthly than it is to have an over leverage property with debt service that creates negative cash flow.
Best of luck!
Post: 80% Below Market Value. 30.0% Fix & Flip ROI. 15.5% Rental ROI
- Real Estate Broker
- Henderson, NV
- Posts 1,778
- Votes 373
How much $ in rehab to get it to the $150k ARV?
Post: Best way to use 401k to finance a property
- Real Estate Broker
- Henderson, NV
- Posts 1,778
- Votes 373
A financial planner can better advise on this, but why not look into converting your 401k to a self directed IRA. Then purchase the investment as the IRA being the buyer. You will not be able to put the profits in your pocket without penalty as you would need to put all the funds back into the IRA at the end of the deal but it is a nice way to build a retirement nest egg without paying the penanlties and still differing the taxes.
Post: New Young Investor Looking To Invest Out Of State - ADVICE PLEASE
- Real Estate Broker
- Henderson, NV
- Posts 1,778
- Votes 373
What type of returns are you loking for?
Post: Interested in Las Vegas rental market
- Real Estate Broker
- Henderson, NV
- Posts 1,778
- Votes 373
@Andrew B. thank you for the mention!
@Alvin Goo returns vary on area and property type. Many times properties that pencil out with higher returns are because they are in less desirable areas. These areas tend to have higher vacancies, crime, higher vandalism etc which will lower the actual returns. The opposite is also true, if you are in an area that has less crime, less vacancies, and less susceptible to vandalism then the lower returns on paper usually hold up at the end of the year.
Is there a certain return you are looking for? Feel free to email directly for a quicker response as well.
Post: OPEN HOUSE 12/3/2017 FROM 11AM TO 2PM IN LAS VEGAS!
- Real Estate Broker
- Henderson, NV
- Posts 1,778
- Votes 373
OPEN HOUSE SUNDAY DECEMBER 3, 2017 AT 7914 TEAL HARBOR LAS VEGAS, NV 89117
THIS ONE HAS IT ALL! MOVE IN READY WITH TONS OF UPGRADES! Gorgeous INSIDE & OUT! Rare single story home with tons of natural light. Beautiful kitchen with granite counter tops, custom tile backsplash, and stainless steel appliances. 2 tone paint and cozy backyard with covered patio! . MAKE IT YOURS TODAY!
SEE ALL OF THE PHOTOS FOR THIS HOME
OPEN HOUSE SUNDAY DECEMBER 3, 2017 AT 7914 TEAL HARBOR LAS VEGAS, NV 89117
-3 Bedrooms
-2 Bathrooms
-2 Car Garage
-1,775 sqft of living space
-Stainless Steel appliances
-Granite Counters
-Custom backsplash
SEE ALL OF THE PHOTOS FOR THIS HOME
OPEN HOUSE SUNDAY DECEMBER 3, 2017 AT 7914 TEAL HARBOR LAS VEGAS, NV 89117
Too many upgrades to list! Contact The Adams Team at Rothwell Gornt Companies for more Information and Showings Today!
OPEN HOUSE SUNDAY DECEMBER 3, 2017 AT 7914 TEAL HARBOR LAS VEGAS, NV 89117