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Rob Flitton, CERTIFIED INVESTOR AGENT SPECIALIST ™

I am highly trained in the acquisition of distressed property.  I will assist you in buying a short-sale or foreclosures at the lowest price in the shortest amount of time, using my experience to research the right areas for the return you are expecting.

Las Vegas real estate is on sale and now is the time to buy.  Here’s why:

• returns of 8-20% and positive cash-flow opportunities are available depending on your available down payment or cash;
• the Las Vegas market is currently very active and more and more homes are listed for short sale and the banking industry inventory is growing – there has never been a better time to buy homes (foreclosed or not);
• Las Vegas prices have been eroding since 2008 but also now seem to have bottomed, or are so low that we may not see any further significant reductions;
• the rental market is extremely robust; the average investment property is rented quickly within a couple of weeks in most cases, due to the significant number of people who left their homes through short-sales and must now rent;
• new-home builders cannot buy raw land today and build for what used homes are currently selling for;
• future Las Vegas development sites are running out making the horizon inventory very light even if the new-home market returns;
• Southern Nevada is still projected to grow by approximately 49% by the year 2028, while the remainder of the US is only expected to grow by 22%;
• buying a short-sale or foreclosure is a smart part of your overall investment strategy.

My Services for Distressed Property Investors:

• Strategic Investment Consultation including Sophisticated Cash Flow Analysis
• Resources for Strategies on Tax Deferred 1031 Exchanges
• Accurate Market Analysis to identify potential Investment Opportunities
• Funding Source Identification and Presentations
• Resources for Advice on Tax Scenarios and for Establishing Corporate Entities for Real Estate Investment
• Property Management Services

Solid Renovation Tips:

Buyers are demanding, so when renovating, think beyond just basic renovating – think about satisfying the needs of the next buyer and you will tip the scales in your own favor.  Also, you will attract much better quality renters when you think about future buyers.

Air-Conditioning.  Any experienced agent can tell you how much of a concern this is to a buyer – everyone wants a cool house in a hot climate, and when buying a resale this is a paramount concern for the buyer.  When renovating or revamping, make sure to add the inspection and subsequent improvement of the mechanical systems into your budget.

Technology and Modernity.  Buyers are keenly interested in energy-efficiency, and this dovetails again into revamping the mechanical systems in the home – buyers want to know their HVAC systems are clean and well-maintained.  They also require the proper wiring and systems for their computers, high-speed internet and audio-visual equipment – they want proper functioning cable and satellite systems.  Today’s buyers are savvy about energy-saving windows and appliances as well.

Storage.  If you’ve ever watched a prospective buyer tour a home, you’ll have observed them checking the walk-in closets, the pantry, the other closets and storage spaces in the home and garage.  Storage is king.  We’re not talking about your minority of people who are packrats, we’re talking about the majority of buyers.  They want clever cabinetry and specialized niches for storing their stuff.

Neighborhood.  Buyers spend time studying the neighborhoods they’re going to buy in.  They want access to good retail, and quick access to transportation without the noise of that transportation – to jump onto the highway quickly when needed, but not to hear it.  They may also be concerned about schools and parks, so your odds of a good return increase when you look at these factors.

Exterior Excellence.  Whether it is a trendy architectural look, a private fenced backyard, a place to protect and manage their pets, or just plain peace and quiet, it is wise to pay attention to these desires of the future buyers when considering the home you’re investing in.

You won’t be able to predict every factor that some future buyer will pay you a premium on, but these ideas should give you a solid advantage.