Hi.
I was offered to buy a home in Las-Vegas as an investment. I hope to earn mostly from its appreciation. The House costs 60,000$, and the rent is 370$ a month, guaranteed for the first year. I hope to sell the house for 100,000$ in Five years.
However, I am worried about the general situation of the American economy, which doesn’t seem to be picking up jobs fast enough, and I’m not so sure that the rent will stay the same for future years (assuming I can rent it…). Do you think Miami is a good location for a second home investment, and represents a good return in comparison to the riskiness of this deal? Are there any other cities in the US which represent a better deal, as far as you’ve heard?

Thank you in advance

Natali

Do you want a home or an investment? I can make your returns much bigger and leverage you into a deal with more upside in commercial if you have the cash money to invest.A 40k upside over 5 years is not a great return at all.

I am in Georgia. Let me know.

hi,

I want to buy a house.At the same time it will be investment as I am going to sell it approximately in 5 years.

Which destinations/cities do you suggest for good investment?

Thank you

Natali

I think it depends upon you..

Your best bet is to find the sweet cross between the top appreciating and most affordable markets. But it's still an investment - nothing's for sure.
Also, if you believe in mystical stuff, Carmen Harra's made a lot of comments about real estate lately. heh

I am a realtor and have two inestment homes - one in Miami and one in Orlando. Miami has been the best bet so far. My Miami home is close to I-5, South Beach and the airport. They film movies and TV shows on my street and the area hs built up tremendously. When I purchased it, everyone told me I would lose my money - haha - I still won't sell yet. Orlando however is worth half the price even though it's a huge entertainment area. Go wih Miami and if you need help let me know. I am only 90 minutes away.

Las Vegas probably isn't a bad place to hold a home long-term for an investment. I can't imagine prices getting much lower than they are now. But I think the emphasis here is on long term. There's a glut of inventory out there, and nearby California buyers are now gunshy for good reason.

Miami/Ft Lauderdale is definitely a hot spot for investing. House prices have dropped tremendously since the housing market crashed. There are a lot of underwater homes and if you have cash, you can end up with some great deals. I can't give you much advice on how much the values of properties will increase over a 5 year span though. You should look at it as a new stream of income with a steady ROI. Buy it, rent it and ride the wave that is housing prices in Miami.

Well I live in Miami and got to say that it is a beautiful place to live. Las Vegas has that surreal effect to it as a known place to get away from problems. I would say that in the real estate market that Miami would be a better place to invest than Las Vegas. Homes in Miami were at there peak price back between mid 2006 to early 2008. My home was purchased for 98,000 in 2000 and was valued at 455,000 in the fall of 2006 and currently valued at 235,000. Home prices will slowly rise, but not as rapid as before. Vegas only has the strip, while Miami has South Beach, and other Rich areas that will help with the price of your home.

Every place has the potential of good investment as long as you know what to do. Always keep in mind that before investing in certain place, conduct survey first.

I love Miami and have no clue how the investment market is there. We do sell a lot of investment homes in Arizona and our clients have been very happy. I know in AZ we have created a whole new pool of renters with all of the recent Short Sales and Foreclosures. Property values have plummeted and rents have not (they have lowered but not plummeted). Just an example of a recent deal, the home was purchased for $65,000 and is rented at $700 a month. Of Course it all depends on area and many other factors just like any market.
Good luck on your search for investment homes and if you ever want to know more about Arizona or Washington state just let me know we have been guiding investors and buyers in the right direction for over a decade.

south florida is like hamburgers...it never goes out of style..

miami may be the best place in America right now to live--if you do not like the cold

Miami is an excellent long term investment location. The prices are so rock bottom now and within the next 5 years you should definitely get the return you are looking for. Do consider the prices of homeowners insurance and do some research before making the jump due to the seasonal possible hurricanes.

Yes, Miami is a good place to invest. Because there are lot of tourist destination there. You can build more business there with regards on local marketing.

I've lived in Miami all my life and I have several investment properties which, I have done well with. In the last few months the rents have gone up, due to the housing demands. Many people are left without a home due to the foreclosures, both homeowners & renters. You have to know the market, where the best areas are for investing & also if an HOA or Condo Association you have to watch the monthly fees.
Good Luck...