For example: If you were to buy a 2 bedroom Las Vegas Condo as an Investment for $40k including closing costs, putting down 10%, your mortgage of $36k would give you a payment of about $216 a month at a 6% interest rate. You can rent this same unit out for about $700-$800 a month. This leaves you with positive cash flow of $584 a month (you will still have to pay taxes and HOA but these will vary depending on the specific property). If you paid cash for this unit your positive cash flow would be about $800 a month (you will still have to pay taxes and HOA but these will vary depending on the specific property).
When banks are paying about a 0.5% interest for your savings account you can understand why Investors are jumping all over these Las Vegas REO/Bank Owned Home opportunities. We have experience in dealing with the banks as sellers and we know how to get the deal closed. If you are interested in seeing what Las Vegas REO's/Bank Owned Homes are available in your price range simply submit your info in the contact form below and we will be happy to assist you with the purchase of your next Las Vegas REO/Bank Owned Property.
For more info on purchasing REO's/Bank Owned Homes visit: