Most of the investors I work with look for properties with the best combination of: high return, low acquisition cost, low vacancy rate, low cost of ownership and a high probability of above average appreciation. A tall order but, with the right information and perseverance, largely achievable. Note that as the market changes what I feel is the best investment profile (or Sweet Spot) will change so don't expect to see the same thing on this page six months from now.

At this time I do not recommend condos or town homes except for special situations. Below are the characteristics I look for in single family homes.

Single Family Homes

• In a subdivision that has a home owner’s association and CC&Rs but whose monthly fees are less than $40mo.
• 3+ bedrooms
• Has reasonable access to the strip
• Newer (2000 or newer)
• 2 car garage
• $100/SqFt or less
• $165,000 or less with seller paying your closing costs
• Does not back up to commercial or busy roads.
• The cost to rehab is reasonable (less than $6,000)
• Area vacancy rates are low
• Not an age restricted community
• No private pool or spa
• Tile roof
• 2+ bathrooms
• Not a short sale

If you are considering investing in real estate, call me today. I will save you money, time and risk.

Eric Fernwood
EricFernwood@Gmail.com
702-358-8884