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RL asked:
Is it good time to buy real estate in las vegas,NV now? The purpose is to invest, rent out for vacation.
If so, what is the good/safe area to buy a detached house ? I will search for the price of the area online later. Thanks a lot for the help.
Orlando Florida Real Estate
Yes this is a good time to invest in real estate in just about any part of the United States.
You have to do what is called in the real estate investment trade as foot work.
No one can determine what property your would consider a good safe area. What one person consider safe and a good area might not be so good to another.
So get in your car, check out a few areas that you would want to invest in. At the time you are checking out the area make sure you get the crime reports from the local police.
You might also get out of the car and talk to the people walking and talking on the street. I find that they normally know more than the police, because the police can only tell you what crimes are reported to them.
You might also purchase a couple of real estate investment books from your local book store. This will assist you with several things you need to know before investing in real estate. Ignorance cost a high price.
#1 You will also need an effective marketing plan
#2 You will need real estate professionals to assist you with your new investment field.
#3 You will need a source of funds to fund your real estate acquisitions. (Don’t depend on banks in a up or down turn in the real estate market, they are not your best friends.)
I hope this has been of some benefit to you, good luck.
“FIGHT ON”
Comment by loanmasterone — February 25, 2010 @ 7:09 pm