It looks like the fun is coming to an end. I only have a few more days in this desert dream land. I have offers on 16 places, but my goal is to buy 3 condos out of the 16 that I put offers on. I am waiting to hear back from many of the offers I put in, then I will choose exactly which condos I want to buy. Las Vegas real estate is crazy at this point and you need to put in a bunch of offers, because many times there are multiple offers, so if you only put an offer on 1 place unless you want to pay asking price then you may lose it. I'm not paying asking price that's for sure, lol. I'm low balling on many places and others I am putting offers $5,000 to $7,000 less than asking price. Asking price is usually about $75,000 for a two bedroom with a 1 car garage condo, so it will cash flow even at that price.
My friend Paul is down here (from Vancouver), he just bought a 2 bedroom condo near the strip and is doing some touch ups to it before he gets a property management company to do the rental managing for it. Good to see some people taking my advice.
Hopefully I know the result of the others offers I put today. I need to leave Vegas this week, but not before I see these places in person.
And if my fucking hosting provider (IValueHost.net) doesn't get there shit together, I am going to find new web hosting, this is complete bullshit. I can't even call you assholes on the phone because you never pick up the phone! I want reliable service please, you jackasses!.
Moving wordpress blogs takes a bit of time and that is the only reason I haven't moved it over yet, dickheads!
I snapped some photos of random stuff, as well…
I painted 2 walls in the condo a yellow, these will be the accent walls. I will come back in October and paint the rest of the condo a pale yellow I'm thinking..
Driving to Red Rock Canyon
Driving to Red Rock Canyon
brother feeding big sister…
Sad because they have to go home, no more pool….
“It looks like the fun is coming to an end. I only have a few more days in this desert dream land. I have offers on 16 places, but my goal is to buy 3 condos out of the 16 that I put offers on. I am waiting to hear back from many of the offers I put in, then I will choose exactly which condos I want to buy. Las Vegas real estate is crazy at this point and you need to put in a bunch of offers, because many times there are multiple offers, so if you only put an offer on 1 place unless you want to pay asking price then you may lose it. I’m not paying asking price that’s for sure, lol. I’m low balling on many places and others I am putting offers $5,000 to $7,000 less than asking price. Asking price is usually about $75,000 for a two bedroom with1 car garage condo, so it will cash flow even at that price.:)”
So do you mortgage them or how do you finance them? Don’t Cdn investors pay double property tax and some other fees? Curious….
You can finance them by doing a home equity loan (borrowing against your home, or other property you own). That is how most Canadians are doing it.
Canadians investors are safe in Arizona and Nevada, in other states such as California and Florida they pay more property tax because they foreign investors. That is part of the reason most Canadians come to Las Vegas or Phoenix, Arizona, taxes are the same as a regular U.S. citizen, and super cheap prices. Don’t buy in California or Florida unless you know what taxes you will be paying, or it will bite you in the ass!!