Best Investment When Buying Real Estate
“So what’s the best investment” when buying real estate, you ask?
“For the average retail investor, the best investment is buying a primary residence” Says Billionaire John Paulson. And if you ask me, it sounds like pretty simple logic. Take a look at this short clip that came out from CNBC:
He goes on to say “Today financing costs are extraordinarily low. You can get a 30-year mortgage somewhere around 4.5 percent. And if you put down, let’s say, 10 percent and the house is up 5 percent, which is the latest data, then you would be up 50 percent on your investment,” hedge fund manager Paulson explained. “And you’ve locked in the cost over the next 30 years. And today the cost of owning is somewhat less than the cost of renting. And if you rent, the rent goes up every year. But if you buy a 30-year mortgage, the cost is fixed.”
So you want to be up 50% on your investment?
Would you be happy if you were up more than that? Let’s chat about the Las Vegas neighborhoods that are showing a steady increase and that may yield the return you are looking for. Below is a map indicating that in June 2014, most Las Vegas neighborhoods were, and still are, well above the 5 percent Paulson speaks about.
So, regardless if you are in the market currently, as a homeowner, or looking to get in; it’s a great time to be an investor in Las Vegas. David Radcliffe of The Radcliffe Group at Keller Williams Realty Southwest would be honored to sit down with you and discuss your investment goals and help determine where your hard earned money is best invested in the Las Vegas real estate market. Feel free to search their site and see what’s currently on the market. For a private showing be sure to give David a call at 702-379-3401.
Written by Nickel Lowman