Is now a good time to invest in real estate in the US housing market? Yes. Is now a good time to invest in the Las Vegas real estate market 2018? Absolutely.
Timing plays a crucial role in the success of real estate investments. Sell at the wrong time or even buy at the wrong time, and you can be looking at a very pathetic return on investment. Even worse, you could lose a ton of money. Of course, location plays an even bigger role in the success of real estate investments. For certain real estate markets, it’s a better time to be selling investment property. For the Las Vegas real estate market 2018, it’s the best time to buy a house for real estate investing.
We know it’s not enough to say “Now is the time to invest in Las Vegas investment property.” So, here are the top reasons why you should become a Las Vegas real estate investor right now:
Overcoming a Rocky Real Estate Past
There was a time when the Las Vegas real estate market had some of the highest unemployment rates and foreclosures. All of this spelled out bad things for Las Vegas real estate investors. New real estate investors avoided the Las Vegas real estate market like a plague. Even residents were leaving the city, around 500,000 at one point! Any real estate investor will tell you that is the exact opposite of what you look for in a real estate market.
Those were the facts in 2008. Fast forward to 2013, and the Las Vegas real estate market bounced back. Local authorities worked hard to boost the economy and didn’t leave it at that. A plan was put in place to further improve things, and 2018 is seeing the results.
Why Invest in the Las Vegas Real Estate Market 2018 NOW?
If you could look at a picture of the Las Vegas real estate market then and now, 2008 vs. 2018, they’d essentially be opposites in every way. With the addition of over 10,000 new job openings over the course of 2018, the unemployment rate is at a comfortable low. This will possibly also result in over 10,000+ new residents looking for a Las Vegas rental property to call home. This means one thing: rental property demand will be up through the roof.
Take advantage of the rising demand for Las Vegas real estate investments. Click here to start looking for and analyzing the best investment properties in Las Vegas.
As a real estate investor, getting a piece of Las Vegas real estate would be a smart investment decision right now. As demand goes up, prices go up too. Buying an investment property right now in the Las Vegas real estate market means enjoying real estate appreciation upon sale in the very near future.
In fact, according to reports from Zillow, the investment property prices in the Las Vegas real estate market 2017 rose by an incredible 17.1%. As of now, it’s projected prices will rise another 6.8% with no tangible signs of slowing down!
Related: Las Vegas Real Estate Market 2018: Overview and Forecast
The reason Las Vegas real estate investors will enjoy significant real estate appreciation in this location above others is the fact that even though Las Vegas real estate bounced back from the housing crisis of 2008, investment property prices are not at historical highs as they are in many other real estate markets across the US housing market. This means there is so much more room for real estate appreciation in the Las Vegas real estate market 2018.
If a Las Vegas real estate investor chooses not to sell and benefit from real estate appreciation just yet, the demand for rental property will also be high, and a pretty high rental income will follow with this investment strategy.
Everyone’s Signing Up for Cheaper Taxes… So Should You!
It’s widely known that tax deductions are a huge advantage of real estate investing. Why not go further and look for real estate markets that not only bring a good return on investment with some of the best real estate investments but also save you money on taxes?
The Las Vegas real estate market 2018 is one of those markets. With no personal income tax along with cheaper property taxes (up to 70% cheaper compared to the top real estate markets), a Las Vegas real estate investor can save so much more on taxes all around.
Why Invest in the Las Vegas Real Estate Market 2018 NOW?
Not only will you save on taxes as a real estate investor, but what about all those residents moving to Las Vegas? A lot of them are coming from high-tax states like California and driving the demand for rental properties and investment properties even more. Another major incentive bringing your future tenants into the real estate market is the cost of living. Compared to top real estate investing cities like Seattle, Miami, or San Francisco, the cost of living in the Las Vegas real estate market 2018 is low ($3,800).
If you invest now in the Las Vegas real estate market 2018, not only will you enjoy lower taxes, but you’ll also enjoy the growing demand for the same reason!
Find Out: How the 2018 Tax Reform Affects Real Estate Investors
How’s Airbnb Las Vegas Doing?
All of this sounds great for traditional real estate investors looking for a Las Vegas investment property to use as a long term rental property. But what about Airbnb Las Vegas? Is now the right time to invest in an Airbnb Las Vegas investment property?
Back in 2016, the number of Airbnb guests (according to Airbnb) was 265,000. In one year, Airbnb Las Vegas saw nearly double the number of Airbnb guests, 500,000. So, what about Airbnb Las Vegas 2018?
Why Invest in Airbnb Las Vegas Real Estate 2018 NOW?
The Las Vegas real estate market 2018 is predicted to see about 700,000 additional stays at short term rentals. Naturally, a big portion will be staying at an Airbnb Las Vegas investment property. These numbers aren’t simply projected from last year’s growth. Over $10 billion is going into new construction in the Las Vegas real estate market 2018. With tourism making up such an important part of the economy, it’s natural that a large part of this real estate development is going into tourist attractions:
- NFL Stadium
- Convention Center
- Resorts World
- Wynn Park
Airbnb Las Vegas bookings will only increase and benefit from these newer attractions. Invest now and enjoy high Airbnb rental income and Airbnb occupancy rate as these projects are completed over the course of the next few years.
Find the best Airbnb Las Vegas real estate investments now. Click here to start your investment property search the right way.
Related: Airbnb Las Vegas: The City with No Off Season
The Best Neighborhoods in Las Vegas for Real Estate Investing
Now is the time to invest in the Las Vegas real estate market 2018. There is no question about it. This does, however, raise another question: What are the best neighborhoods in Las Vegas for real estate investing? Luckily, Mashvisor’s property investment calculator has returned the top Las Vegas neighborhoods for real estate. To learn more about Mashvisor’s investment calculator, click here.
The Best Neighborhoods in Las Vegas for Airbnb Real Estate Investing
Huntridge
- Median House Price: $199,900
- Monthly Airbnb Rental Income: $2,154
- Airbnb Cash on Cash Return: 7.29%
- Airbnb Cap Rate: 7.29%
- Airbnb Occupancy Rate: 48.7%
Rancho Charleston
- Median House Price: $229,900
- Monthly Airbnb Rental Income: $2,636
- Airbnb Cash on Cash Return: 7.26%
- Airbnb Cap Rate: 7.26%
- Airbnb Occupancy Rate: 59.76%
Winchester
- Median House Price: $222,450
- Monthly Airbnb Rental Income: $2,031
- Airbnb Cash on Cash Return: 6.76%
- Airbnb Cap Rate: 6.76%
- Airbnb Occupancy Rate: 52.5%
Michael Way
- Median House Price: $219,500
- Monthly Airbnb Rental Income: $1,957
- Airbnb Cash on Cash Return: 6.72%
- Airbnb Cap Rate: 6.72%
- Airbnb Occupancy Rate: 60.42%
Paradise
- Median House Price: $285,000
- Monthly Airbnb Rental Income: $2,130
- Airbnb Cash on Cash Return: 5.32%
- Airbnb Cap Rate: 5.32%
- Airbnb Occupancy Rate: 52.75%
The Best Neighborhoods in Las Vegas for Traditional Real Estate Investing
The Strip
- Median House Price: $177,444
- Monthly Traditional Rental Income: $1,501
- Traditional Cash on Cash Return: 5.46%
- Traditional Cap Rate: 5.46%
Rancho Charleston
- Median House Price: $229,900
- Monthly Traditional Rental Income: $1,321
- Traditional Cash on Cash Return: 2.92%
- Traditional Cap Rate: 2.92%
Winchester
- Median House Price: $222,450
- Monthly Traditional Rental Income: $1,066
- Traditional Cash on Cash Return: 2.59%
- Traditional Cap Rate: 2.59%
Buffalo
- Median House Price: $249,950
- Monthly Traditional Rental Income: $1,184
- Traditional Cash on Cash Return: 2.1%
- Traditional Cap Rate: 2.1%
Paradise
- Median House Price: $285,000
- Monthly Traditional Rental Income: $1,252
- Traditional Cash on Cash Return: 1.98%
- Traditional Cap Rate: 1.98%
To get access to our real estate investment tools, sign up for a 7-day free trial of Mashvisor today, followed by 15% off for life.
It’s no wonder that Las Vegas is one of the best cities for real estate investment 2018. With a chance to benefit from increasing demand, rental income, and real estate appreciation, who wouldn’t want to invest in the Las Vegas real estate market this year? Choose from the best neighborhoods in Las Vegas and use Mashvisor to find the best investment properties, and you’ll be good to go!