The Investment Potential of Las Vegas Foreclosures

Las Vegas real estate prices have dropped to levels of feasibility not seen in years as viewed from the perspective of positive cash flow investing. When you combine the invest-to-rent financials with current data on rental occupancy rates in Southern Nevada, the picture becomes even more compelling. The most up-to-date data for 2008 (compiled through the end of September) documents an occupancy rate in the Greater Las Vegas apartment market of 94 per cent. The recent intensification of economic pressures will surely cause even more people to choose the rental option for their residential needs in the months ahead. Are you concerned as to who would be available in tough economic times to rent your new Las Vegas investment property? According to the latest figures from DMV, almost 5,700 people moved to Clark County in the month of October alone. The new Encore at Wynn Las Vegas is due to open on December 22nd and the 68-story Fountainebleau Las Vegas is less than a year away. Las Vegas, Nevada is still a city that attracts a high influx of new residents with a level of economic opportunity few cities could ever hope to match.

The Michelle Sterling Team at Prudential Americana is currently working with a multitude of residential real estate investors (from all over the country) that feel confident about adding Las Vegas property to their diversified portfolios. Put our knowledge and experience in the market for Las Vegas foreclosures to work for you. Toll free at 888-349-2595.

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