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Las Vegas Foreclosure

How to locate the best deal Part 1.

The Las Vegas Foreclosure Market have steadily increased over the past 24 months. More than 58,000 Las Vegas properties received a foreclosure filing during on the 2 quarters of 2009, that’s a 22 percent increase from the prior previous six months and over 50% percent increase from the 2 quarters of 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 associated with that property.

I usually found that in this type of downturn, 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.

About 70% of the properties in Las Vegas has been built in the past 15 years, most homes are in great shape and will need minimum cosmetic changes to bring them up to almost new standards.

There’s plenty of 4 bedroom properties that are priced at 50% of the insurance value for this type of home in the Las Vegas market. I will talk about this aspect of the investment on part II. These properties can easily rent out around 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 have been using using a site that provides a list of only the top 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.

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