Las Vegas Real Estate Investing Takes Planning, Strategy

This was from an?article on GlobeSt.com, a respected online resource for commercial real estate news:

?With the?multifamily?market being touted as both white-hot and a safe bet, a new trend is emerging in this industry sector: Small groups of investors who are inexperienced in owning and operating multifamily properties are outbidding savvier investors for these assets and driving up prices in the market.?

We tout real estate investment as a financially savvy way to invest because of its long proven ability to grow over time and the investor?s ability to exercise direct control over their investment through things like rent increases and physical improvements. There are other benefits, too.?

Problems arise quickly when you tackle real estate investing without proper guidance. For example, we?ve seen people quickly jack-up rents to above market rates, which tends to promote vacancy and a loss of income. But that?s a minor issue. Bigger problems stem from over-paying for property with the hope of a quick turn-around. There?s nothing quick about real estate investing, despite what all the cable reality shows want to tell you. The over-valuation of property creates an array of issues for the market at large, influencing lending, property values and the sales cycle. Furthermore, increased sales stemming from a false-sense of competition artificially increases rent and further shakes up the natural cycle of the market. Then, it doesn?t take long for those challenged, half-occupied properties to once again hit the market and contribute to another era of depressed value.

Gavish Real Estate?s Investment Property Specialists?can help you plan and prepare for buying investment property. We can also help you manage it and find the best route by which to include it in your long-term financial goals. It?s critical to look at it as a long-term asset that will grow steadily over time, not something akin to a day-traded vehicle for rapid wealth accumulation.

Source: http://gavishrealestate.com/2012/07/13/las-vegas-real-estate-investing-takes-planning-strategy/

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