ell, well, well, look who's back. It seems I took a little hiatus from blogging. Everyone needs a little break and I don't even know if I'll be posting after this blog post. I am back in the sunny south western USA. I've been in Las Vegas for the last three days and I'm enjoying the heat, and the sun.
I drove down, the same as last time and stopped in Boise, Idaho halfway through. The drive was hotter this time, but it felt shorter which was a good thing. With temperatures down here in Las Vegas reaching 40°C it sounds a lot hotter than you would think. I am not saying that it isn't hot because it definitely is, however if you compare 40°C in Las Vegas compared to 40° in Vancouver, you would die in Vancouver with the humidity level that they have there.
In any case I've been working online and pushing forward. I will be contacting the realtor I deal with down here in Las Vegas, and possibly will be purchasing another condo or two while I am here.
The property management company that I have been dealing with is great, so far no problems, and I don't expect to see any in the future. I have actually been receiving checks, instead of dishing out money every month like I had to with the properties I owned in Winnipeg three years ago!
Buying a condo for $64,000 and then renting it out for $795 per month, just can't be beat. The properties down here require very little maintenance because they are new, so right out of the gate you have much less problems, less repairs and less headaches if you are dealing with the right property management company.
Personally, from what I can tell it looks like the prices of properties here have stabilized and has been that way since I was here and purchased here last October in 2009. No, the prices in Vegas have not gone up very much, if any yet. Obviously, Las Vegas is in a recession, and it still is. But, so what? Las Vegas will bounce back it is just a matter of time. And, in the meantime if the property is being rented out with positive cash flow, what's the problem?
I am making money every month off of my rental, while I wait for the market to rise. Even if it takes three years to rise, I don't really care. All I care about, is that I got the property for a good deal and I am able to rent it out to cover my costs and make some money on the side. This place is a no-brainer for any real estate bastard. If you have the money, and you have the balls this is the place to invest. I have said it many times, but you will see a blog post from me, when the prices rise and the profit of selling one of my condos becomes possible with a nice chunk of cash in my pocket.
On another note, I have to say that people tend to exaggerate everything. I was a little worried that coming to Las Vegas in August was going to be too hot. Yes it is hot, but as always friends and family, and anyone else always tend to jump in and put their own opinion resulting in fear and leaving you scared of the unknown. Never take anyone's word for it, learn for yourself. What is hot to some people, is warm to others, and vice versa.
Anyways, I'm having a great time down here in Vegas, enjoying this time, working and just enjoying my relaxing work vacation. I am so grateful that I purchased the place down here as a vacation home I can't even begin to explain it. I will have this place for many decades to come, even if the prices rise, and they will.
Remember whatever you focus on will expand. What does that mean? Well if you are continuing to think about how fat you are, you will get even fatter. If you continue to think about how sick you feel, you will continue to get sick. You're a thoughts will become your reality. Think about ways to make more money, and you will make more money. If you think about ways to get out of debt, you will create more debt. Think about what you want, not what you don't want. The Law of attraction is always at work, even though many times I find myself thinking negatively it is still working for me just in the wrong fashion. Training your self to be positive is the only way to have a happier life, I see this in myself all the time, and I work on improving myself all the time.
Have a great day, I'm off to the pool!!