Top Foreclosure ZIP codes in Clark County
89014 89108 89015 89121 89110 89030 89101 89117 89115 89119 89123
89103 .....see David Cooper blog on TOP TEN ZIP CODES

DAVID COOPER PROFESSIONAL BUYERS AGENT - INVESTOR - SALES ASSOCIATE - PROPERTY MANAGER at SINCE 1917 RealLTY 7024997037 with 35 YEARS EXPERIENCE

BANK-OWNED FORECLOSURES 16% TO 20% ROI SEE WEB.

Since I have several policemen as friends, crime rates might not be the full picture of a community. Actual businesses, open and operating in an area is far superior than searching an area under a crime rate filter. When I'm looking to sell homes, I literally search a particular area based upon the businesses of the area, get out and walk around.

At 6'2", 240lbs with 5% body fat, not too many people will mess with me. I walk the neighborhood and talk to the neighbors. This is a superior way to get a feel for investing in an area than hoping to get a glimpse of it through a remote filter.

Also as an investor, you might want to partner with other investors, bird dogs or wholesalers.

Check the TOP 10 ZIP codes for Foreclosure Blog under Las Vegas. This will guide you to the areas where investors are buying already, so you have to reinvent the wheel.

DAVID COOPER



BANK-OWNED FORECLOSURE LIST with 10% DOWN for INVESTORS see WEB

There are a number of areas that I recommend-
Aliante- master planned community- it is a community that was built at the height of the market and ultimately is now turning- There are some townhomes in that area- I currently have purchased some in that same area that are giving great returns-

As a bank owned listing agent- we have a list of properties- some not even on the market yet- reply with - send me the list-

Thanks
Paul May

Finding a Positive Cash Flow House that is in an area that attracts long-term rentors and also has low crime are just 3 of my top filters when adding to my investment portfolio. Some o of the expensive houses in Las Vegas are in low crime areas, but don't make sense as a rental. Check out the web refrence for bank-owned houses that are in good areas that are attractive to rentors.

DAVID COOPER Buyer Agent - Investor- Sales Agent - Property Manager with 35 Years Experience

Beyond the crime stats, drive the areas. Get into your car and visit the areas. That'll tell you a lot about crime and perceived crime.

However, Bridget makes an excellent point: School statistics are often more important than crime statistics.

Beyond that, though--and perhaps contradicting both Bridget and your own assumptions--if it's a rental, who cares about crime? Really? What ought to matter is what the property costs (initial purchase price and upkeep) versus rental income. You're not buying to live there. You're buying to make money on a rental. There are plenty of rental properties near me that I wouldn't want to live in. But from an investment standpoint, they're ideal.

Which would you prefer as an investor: $650 a month in expenses and $1,000 in income in a marginal area, or $1,200 a month in expenses and $1,100 a month in income in a safe, solid area? The answer is either the first property, or you're not an investor. As an investor, you have to work the numbers.

I also wonder about your budget of $60,000. If you have $60,000 in cash, you can leverage that for a lot more. If you're assuming that you'll qualify for a $60,000 mortgage, then look into creative financing. Perhaps owner financing, especially if the property is a rental already. Or acquire a property for virtually no money using other techniques, such as "subject to." You need to work with a Realtor who understands investors and investments.

Hope that helps.

I have lived here since 1971 and know Las vegas very well. We can discuss the areas. I can set up a search that will allow you to view available properties. I have a very nice tool that will help you get a view of a particular area when we narrow the criteria down. I would love to talk with you when you have some free time.
Thank You
Suzie marquardt
702-234-7653
Fahrnyteam@yahoo.com

Given your budget, please tell me you are looking for condos.

How about taking a different strategy: look at school data before you consider crime data. Schools are an interesting window into a community. They tell you about demographics. They tell you if it's the kind of neighborhood where parents care. Here's what's even better: parents are willing to pay MORE RENT MONEY to be in a neighborhood with good schools, and that's the kind of renter who is less likely to tear up your property!

So pick a few good middle schools (good grade schools feed into them), and *then* look at the crime rates for those areas. Here's a good site for you to start http://www.greatschools.org/

I have 'crime-mapping' on my website and I work with many investors in your price range. The short answer is there are many options depending on what your "taste" is for investing. Call, text, or email me for the long answer :)

Steve Mikrut
702.630.6239

There are several areas in Las Vegas & Henderson that are great rental areas. as an investor one of the things that you need to look at is how long it will take to get your property rented and what you rate of return will be. It is inportant to hire a Realtor that truly understands the needs of the investor. I deal with a lot of investor and can help you with your search. I also have a back ground as an appraiser before getting my real estae license and did a lot of appraisals work helping investors fined the right properties. If you would like to talk please call me @ 702-306-2361.

Hello,

you can call me directly on my cell: 702-241-6110 and I'll be glad to assist you!

Denny Hebibovich - REALTOR
Realty ONE Group, Inc
Denny@PropertiesofLasVegas.com