Last week I promised to show you that Las Vegas is a better place to invest than Florida and Arizona. Why did I single out these two states? Because we have so many foreign investors who have a hard time deciding which state is the best choice.
Once an investor does their homework and crunches the numbers, the clear winner is Las Vegas. We have an extraordinary amount of interest from Canadians and it makes sense that they’re torn between three warm weather locations.
Trulia released a really cool interactive report this week that shows that Las Vegas is the 8th most desired city in the US for European house hunters. Click HERE for the report (best viewed in Safari, Chrome or Firefox.)
Florida has five cities in the top 10 results but Phoenix is 22nd and Tucson is 40th. How can I say that Las Vegas is the clear winner for investors compared to Florida? Two words – property taxes.
Florida’s property taxes are very high. When an investor is looking at their return on investment (ROI), nothing eats more of your profit than taxes.
For affordability, Florida’s prices have already started to recover and are heading up again, click HERE for the details. Compare other cities to Las Vegas’ appeal of our weather (no humidity or devastating hurricanes), cheap flights, low property taxes, world-class dining, unparalleled entertainment, the best shopping in the world (from the outlet malls to the top designer names) and don’t forget the gambling.
Back in November, my newsletter was entitled “Insider Secrets to Buying Las Vegas Real Estate” – click HERE to read it again. I gave all the ways to submit a successful offer rather just looking for “deals” and coming up empty. Combine these pointers with our investment analysis and you just can’t lose.
Every week, I research the homes with the highest return on investment that fit my stringent criteria. To read today’s report, click the purple button on the bottom right of this newsletter.
If you’re considering a purchase in a city other than Las Vegas, send me the details of the property and let me analyze it for you. There’s no cost to you, just another service we provide so you can make the most informed decision possible.
Next week, I’ll talk about the incredibly low mortgage interest rates available and why you’re most likely going to pay more than what’s advertised.
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