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Robert Adams
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Is it true that the Vegas real estate market is good for "Buy and Hold" investments but not "Flipping"?
6/28/2015
 
I was recently asked if the Las Vegas real estate market is good only for a "Buy and Hold" strategy or if it is still possible to flip homes in the current Las Vegas real estate market. Below is my reply:

"​Vegas prices have been going up year after year since the end of 2011. 


2012-2013 we saw huge appreciate around 30% annually.

2014 and 2015 we have seen a slow down in appreciation although we are still appreciating just not at the scary rate of 30%.

Rental rates have not changed very much over those years so with the cost of purchasing being so much higher and rental rates not changing much the CAP rates of 12% etc are VERY hard to find now. If you are ok with 6-8% you can still find that.

Flipping is not bad or impossible it is just hard to find deals that have enough meat on the bone to still turn a profit after covering all expenses. In most cases if you are looking to flip you will want to find off market deals. The MLS properties tend to sell for just under appraisal value leaving you very little room to turn a profit after the closing costs, commissions, and rehab costs.

I hope this is helpful."

Best Regards,
Robert Adams
Licensed Real Estate Broker in NV, MA, & RI
NV Broker/Salesman at The Adams Team at Rothwell Gornt Companies
C:702-349-9175
RobertAdams@LVrealestateHELP.com
http://www.LVrealestateHELP.com
    
 
MA & RI Real Estate Broker at Sankey Real Estate
C: 508-250-0345
RobertAdams@MArealestateHELP.com
http://www.MArealestateHELP.com
RobertAdams@RIrealestateHELP.com
http://www.RIrealestateHELP.com
    
 
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Robert Adams

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We have a new relationship with a bank trustee and a private fund. 4 new condos listings in various parts of town coming by next week. If you are shopping for a condo contact us today and find out about these listings before they hit the market.

If you are looking to sell ask us how we can get you top dollar for your listing. Almost 70% of our active listings are currently in escrow with buyers we brought to the table for our own listings. #bringingbuyersandsellerstogether #lasvegasrealestate #lasvegas #listingagent #broker #realtor #lasvegashomes #TheAdamsTeamatRothwellGorntCompanies #LVrealestateHELP http://www.LVrealestateHELP.com 
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My thoughts on the current Las Vegas real estate market 4/27/15
4/27/2015 2 Comments
 
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Below are a few of my thoughts on the Las Vegas market right now:

-Inventory has decreased month after month for several months now pushing us more toward a seller's market. With that being said the market is fairly balanced right now. Buyer's do not have to over pay for properties any longer and sellers are expecting to get close to appraisal value for their properties.

​ -Many listings are listed way above value as some sellers and listing agents still believe it is 2012-2013. The listings priced correctly are still moving quickly.

-Some neighborhoods where the values skyrocketed we are seeing some correction as other surrounding neighborhoods catch up in value.

-We are stilling seeing around 6% CAP rates give or take. You can find some good deals from time to time and still get 9% etc but it takes a little more work to find those. If inventory continues to decrease I would think the higher CAP rates would become that much harder to find.

-Rates are still very low and there is a lot of talk about increasing rates in June as well as more talk about it increasing a quarter point in Q4 for 2015. We will see how it all plays out.

-New Builders are still building and asking too much. Many times the appraisals won't come in and builders either reduce the price or the buyer will come in with cash or a mix of both. New builds are still not a good deal in my opinion and haven't been for years.

-NOD's are up slightly the past few months but are still way below the 2009-2011 days. I don't see this being a major contributing factor to inventory in the very near future. If legislation changes then maybe this will come into play again but again I don't see anything changing this right now.


Best Regards,
Robert Adams
Licensed Real Estate Broker in NV, MA, & RI
NV Broker/Salesman at The Adams Team at Rothwell Gornt Companies
C:702-349-9175
RobertAdams@LVrealestateHELP.com
http://www.LVrealestateHELP.com
    
 
MA & RI Real Estate Broker at Sankey Real Estate
C: 508-250-0345
RobertAdams@MArealestateHELP.com
http://www.MArealestateHELP.com
RobertAdams@RIrealestateHELP.com
http://www.RIrealestateHELP.com
    
 
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Why List Your Home with The Adams Team? I would like the opportunity to sell your home for you. I want to explain the list of benefits I can offer you as an experienced listing agent and show you how I can make you more money even after paying my commissions.
- I will run a free Comparative Market Analysis (CMA) for your property and neighborhood. From there we can discuss what I believe your home will appraise for as well as an accurate list price for your home in today's market. The market is constantly changing and pricing your home correctly is very important.
- I will hire a Professional Photographer to come out and take high quality pictures of your property so that your property is represented in the best light possible for all of your property's advertisements that I will place for you.
- If you wish I can add a Lock Box to the property.
- If you wish I can pay to Post a Sign on your property.
- I will create Professional Flyers for your listing and disburse them in your neighborhood as well as in the flyer box on the sign post.
- If you wish I can hold Open Houses that work with your schedule. I often times have lenders that will sponsor the Open House and provide answers to potential buyers in regard to their financing. The lenders often will provide a Snow Cone Truck to help capture the attention of people in the area. We also provide drinks, snacks, balloons, and more!
- I will use our enormous online presence to assure your listing is placed in front of buyers from around the world. We have "VIP" status, "Premier Agent" status, 1,000's of contributions on the Top Real Estate related websites and Las Vegas related websites. You can search for us on Google, Trulia, Zillow, etc and see our posts, reviews, and more. See more reviews here: http://www.lvrealestatehelp.com/reviewsrecommendations.html
- I can use syndicating websites to send your listing to thousands of websites across the web.
- I pay for an email marketing plan that will send your listing to thousands of investors, agents, and other professionals in our network.
- I will take out paid ads for your property and place them in "Feature" position above your competition on major real estate websites.
- And of course I will place your listing on the MLS exposing your home to thousands of Real Estate Agents in the Vegas Valley.
I want to earn your business. Please contact me today to discuss your listing further. I look forward to doing business with you.
Best Regards,
Robert Adams
Licensed Real Estate Broker NV#62827 MA#9530304 RI#18138
NV Broker & Team Leader of The Adams Team at Rothwell Gornt Companies
C:702-349-9175
RobertAdams@LVrealestateHELP.com
http://www.LVrealestateHELP.com
MA & RI Broker at Sankey Real Estate
C: 508-250-0345
RobertAdams@MArealestateHELP.com
http://www.MArealestateHELP.com
RobertAdams@RIrealestateHELP.com
http://www.RIrealestateHELP.com
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Can originators leverage this CFPB complaint database to win clients?
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