Las Vegas Foreclosure top 100
Top 100 Las Vegas Foreclosures
How to find the [best deal Part 1.
Las Vegas foreclosures have steadily increased over the past 2 years. More than 58,000 Las Vegas properties received a foreclosure filing during on the first half of 2009, that’s a 22 percent increase from the prior previous six months and over 50% percent increase from the first half of 2009.
If you’re an investor, it’s difficult to find the very best deals from the thousands of homes for sale Las Vegas. You would have to consider what your objectives are, short term as well as long term goals with that investment property.
With the help of a realtor, it’s much easier to find properties that would yield over 15% annually as a rental property in the price range below $100,000. buyers] have been focused in this market segment simply because of the ROI they have been getting in this market segment.
Since over 70% of the homes in Las Vegas has been built in the past 15 years, most homes are fairly new and will need minimum cosmetic changes to bring them up to almost new standards.
There’s plenty of 4 homes that are priced at 50% of the replacemen value for this type of home in the Las Vegas market. I will talk about this aspect of the investment on part II. Such properties could rent out for 00 to 00 a month. If you purchase such a property in the 80K-90K range, for a cash deal, that’s over 17% return on your money. I have found properties in the 20-30 % ROI range, its a matter of looking around for such properties.
I recommend using a tool that provides a list of the top 100 foreclosures in Las Vegas deals such as the one presented at www.investinlasvegashomes.com, provide you with a very valuable information. They provide a list of hand picked top 100 foreclosures for the Las Vegas market.
See you next time, See you in Part 2.