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Do You Want To Invest In Real Estate? Try These Tips And Tricks




Many people have had good success investing in real estate. This is because they did research first. To succeed in real estate, you need to use the tips in this article. Consider the following advice as you get started with real estate investing.

Spend some time finding others will similar interests and trade insights. Many, many people have an interest in investing in real estate. There are so many people in it, which has created lots of community businesses focused on it. There are many online groups, as well. Mix and mingle, learning from similar people.

Think long-term when investing in real estate. While some investors seek to make quick turnovers by buying cheap and flipping within weeks or months, your better bet is a longer view. Look for safe properties where you can park a big sum of money and get investment return via monthly income like rent.

Dedicate some of your time to learning what you need to know as well as running your business. Thus, you might need to cut other things in order to boost your chances of making lots of money. Give up a couple of pastimes so that you can be the best possible investor.

Never assume that property values are always going to rise. This type of assumption is dangerous for the general market and is especially dangerous for a particular property. Only invest in those that give you an almost immediate cash flow. Property value increases will then add to your income and profits.

Never use your emergency reserve fund to invest in real estate. Making an investment in real estate sometimes equates to lots of cash being tied up indefinitely, and you may not see returns for many years. You do not want your daily life affected by this long-term turnaround.

Beware of buying single-family homes in a neighborhood that is full of rental property. Typically, a rental neighborhood is not a desirable location for buyers who want to raise a family. The value of single-family homes in this type of neighborhood will not likely go up very much because of their location.

Don't let your emotions cloud your judgement. Choosing a property to invest in should be a business decision, not an emotional one. It can be easy to get attached to a house or really fall in love with a location. Try to always look at things objectively. Shop around for the best deal without getting attached to one of the first few places you look at.

Before you buy investment property in a neighborhood, find out if the city has anything planned for the areas surrounding this neighborhood. For example, you would not want to buy in an area if the city proposed to turn an area into landfill. If there are positive improvements on the horizon, this may be a good investment.

Always consider the market if you are looking to buy property to turn around and resell it. It can be risky to invest in a market that is flooded with available properties. You don't want to be stuck with something that you have to sell at little or no profit. Understand that you may have to wait to get the best price so make sure you can do that.

Broaden your portfolio by investing in both residential and business properties. They often have long-term rentals, which means there is less risk. Possibilities include a business complex or a strip mall, which offers many opportunities in investing.

Study the local ordinances and laws of your target neighborhoods. You will find legalities differ from one town to another. It is in your best interest to be up to date. Speak with officials in the area to make sure you comply with laws and know all the information needed prior to investing your money.

Research the economy in the area where you plan to buy property. High unemployment rates could keep the prices of property on the downside. This minimizes your chances of getting a good return on your investment. A robust city will increase the value of your property.

When figuring out your profits, you should deduct any repairs that have to be made. When planning on putting up the property for sale, you're thinking about any repairs before this happens. Factor in a maintenance budget if you plan on renting out any piece of property. Either way you should allow for some padding when you come up with a plan so you can make money realistically.

Make being on time a priority. Other people's time is just as valuable as yours, whether the person in question is another investor, a contractor or an agent. If you respect their time, they will often respect you as a person and a business associate. As a result, you could create lasting relationships that benefit your end goals.

Do not purchase a fixer. It may seem like a great deal to get more info an investment property at a very low cost; however, you are very likely to end up spending a fortune fixing it. Look for those that are all ready to be rented and/or only have a few minor issues. The ideal situation is to buy a rental unit that is already occupied by a good tenant.

Watch out for fixer-uppers. Buying a home that needs a few repairs can sometimes mean a great deal. However, homes that need work often turn into giant money pits that eat up your time and money. Calculate improvement expenses wisely.

Sacrifices may need to be made. Be prepared to spend time as well as money. You may have to give up a bit of your play time, but the payoff will be worth it. It's important to focus on your goals at first.

Always consider the market if you are looking to buy property to turn around and resell it. It can be risky to invest in a market that is flooded with available properties. You don't want to be stuck with something that you have to sell at little or no profit. Understand that you may have to wait to get the best price so make sure you can do that.

There is no reason to think about real estate investing as confusing. So, take what you have learned here and get started in real estate today. This should help you feel more comfortable when it comes to real estate. You can now put these suggestions into action.

Los Pecos Senior Apartment residents say their homes are unsafe after a string of crimes


crimes



By: Paulina BuckaPosted at 8:18 PM, Apr 20, 2022 and last updated 11:38 PM, Apr 21, 2022



LAS VEGAS (KTNV) — Residents of an apartment complex for seniors in Las Vegas say they don't feel safe at home anymore after a string of crimes on the property.



They've pleaded for increased security measures at the Los Pecos Senior Apartments, near Pecos Road and Russell Road in east Las Vegas, but say they've not been heard.



Part of the problem, Karen Hauffman and General Gray said, is a busted gate. They say it's made them an easy target.



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Just last week, a car explosion rocked the whole building, Hauffman said. Someone set the car on fire, creating an explosion that spread flames to nearby vehicles and scorched the covered parking spaces.



"When it exploded, this whole cement building shook," Hauffman said. "By the time the fire department got here, three cars were engulfed, the whole canopy was engulfed."



That's just the most recent incident, Hauffman said. The problem dates back to last year, when Hauffman says her tires were slashed right before Thanksgiving.



"I took it upon myself to look around where I live, see what's happening, if it's just me or what," Hauffman said. "As I walked the whole property, I found eight other cars (with slashed tires). And I took pictures and gave it to management, and they said, 'Sorry, you park here at your own risk.'"



Gray himself hasn't been a victim, but said he's seen his friends deal with car theft and slashed or stolen tires.



"I have never experienced something like this, and I've been here five years," Gray said. "Walking and seeing a woman's tires missing, tires cut up, cars stolen — I just haven't seen that."



The Las Vegas Metropolitan Police Department confirmed its officers have responded to numerous reports of crimes on the property, from a stolen car to slashed tires.



The lack of a security gate or patrol makes the residents perfect targets for crime, Gray said.



"We have no gate, we have no security, we have no police presence, and criminals have deemed this a target-rich environment," he said.





https://docs.google.com/presentation/d/10u1wKM5qj_5IMnAIFF69_AGFxsQecPfzuIVJmVFlxM8/edit?usp=sharing






Bear Real Estate Advisors Represents Cypress West Partners in Acquisition of Las Vegas Medical Office Building Portfolio


LAS VEGAS, March 21, 2022 /PRNewswire/ -- Bear Real Estate Advisors, a national investment services firm, announced today its representation of Cypress West Partners in the acquisition of a four-building, multi-tenant medical office building portfolio in the Las Vegas suburb of Henderson, Nevada. Total sale price for the portfolio totaled $17.1 million.



"Medical office buildings are prized among real estate investors as they are historically among the most stable asset types," said Matt Bear, founder and chief executive officer of Bear Real Estate Advisors. "Wigwam Professional Center is ideally located in the densely populated and affluent Green Valley neighborhood of Greater Las Vegas, where demand for healthcare services continues to grow along with the population."



Built between 1998 and 2002, the portfolio totals approximately 50,000 square feet and is 100% leased. Located at 2500, 2510, 2625 and 2649 Wigwam Parkway, the portfolio is located in close proximity to Parkway Surgery Center and St. Rose Dominican Hospital, with convenient access to Interstate 215.



Chris Cumella, partner with Cypress West, added, "Acquiring the Wigwam Professional Center furthers our aspiration of being the premier medical investor in the Las Vegas Valley. This property fits our unique skill set of building relationships with the local medical practitioners and providing risk-adjusted return to our investors. We appreciate Bear's knowledge of our investment objectives, and for being a trusted source to help us reach our company's goals."




https://docs.google.com/presentation/d/10u1wKM5qj_5IMnAIFF69_AGFxsQecPfzuIVJmVFlxM8/edit?usp=sharing



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