According to CNN Money, many investors are pulling out of once highly desirable cities like Phoenix and our own Las Vegas for less competitive and cheaper locales. What this means for the smart investor is to diversify and go to other cities for great deals.
But it also means bucking the trend and waiting it out for the competition in Vegas to clear. Investors looking for cheaper or less risky properties will abandon our city but the savvy investor will stay and look for the deals that will help in diversifying their portfolios.
If you are an investor, you’ll want to get an aggressive and creative Realtor who knows the Las Vegas market inside and out and what to look for. The “thinning of the herd” that is currently going on is normal and should be viewed as a positive.
Even though Vegas is no longer the “foreclosure” capital of the U.S. there are still deals to be had. If you are looking for a new real estate agent to help you aggressively search out rental properties, feel free to reach out to us. We would love to have an informative conversation with you and help you achieve your real estate investment goals.