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Which Way Is Your Profit Headed?

Many new investors select properties and locations based only on (low) purchase price and ROI. In this article I will talk about the shortsightedness and the potential dangers of this approach. A Good Investment Property So we are on the same page, I believe every investment property must meet all…

The Role of Software Generated Comps

We are frequently asked the question "Why are your manual comps sometimes quite different from the comps shown in the investor tool?" (Note, the investor tool is a subset of our internal tools which we provide to our active investors.) We talked about how to calculate comps in our July…

What are the Best Types of Properties to Buy in Las Vegas?

So we are on the same page, I believe every investment property must meet three criteria: Sustained profitability - The property must generate a positive cash flow today and into the foreseeable future. This means that the property stays occupied by good tenants. I define a good tenant as someone…

How to Estimate the Market Value of a Property

We are regularly asked how much a property is worth. The simple answer is that a property is worth what an informed buyer is willing and able to pay for it. While true, I never cared much for these types of answers so in this article I will provide an…

Current Market Condition

We recently responded to a few blog posts concerning the current Las Vegas investment market. The questions were basically asking whether there are still good deals to be found in the current Las Vegas market. The short answer is, "Yes". We consistently find good properties with 2% to 5% return…

Tax Advantage of Rental Properties

It is tax time again. In this article I will point out the tax advantage of rental properties by attempting to explain Schedule E - Supplemental Income and Loss. Schedule E is the form where you will report "supplemental income and loss" related to rental real estate, royalties, estates, trusts,…

Which Is the Better Investment?

A new client (thank you JW!) sent us a property in Austin, TX that was listed for $252,500 with an estimated rent of $1,700/Mo. We compared that property with a similar Las Vegas property with an asking price of $255,000 and an estimated rent of $1,…

Selecting An Investment Location - Do Not Forget About the Jobs

The profitability of any investment property is totally dependent upon the tenants remaining employed at a similar level of income. Despite this critical requirement, few investors take the time to consider the long term viability of the major tenant pool employers. In this article I will discuss the investment location…

2017 Outlook

2016 is drawing to a close and it is time once again for our annual market update. Before I get into the update, Cleo and I thank you for your trust and your business and we wish you and your families a wonderful Holiday season! Our 2017 outlook is divided…

Case Study - Our Process, From Discovery Through Lease

In this article I will explain in detail how our process works by following a property from discovery through leased. Cleo (my business partner) was the purchaser of this investment property so we can share any and everything about the acquisition. Included in this article you will find links to:…

5 Year Rental Trend

Several people have asked us in the past about rental trends in Las Vegas. While the property manager and we agree that rents are rising we did not have the data to back up our opinion. So, we did the research and below is a snapshot of the result. We…

What You Should Expect From A Good Property Manager

If you only expect a property manager to collect the rent, you have the wrong expectations. The property manager is the most important member of any investment team for a very good reason. A good property manager provides value throughout the investment life cycle. I listed below the phases of…