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>>DALE: Good afternoon, this is Dale Snyder with The Snyder Group at Keller Williams Realty
here in Las Vegas Nevada. Let me get right to the point. There are a lot of reasons why
people are investing in our marketplace right now.
In fact, our team has represented probably, I don't know 30 investor sides last year and
everyone of those properties are rented out. Our rental market is strong, let's start with
that. With all the foreclosures, short sales, bankruptcies, divorce, and we have a super
strong rental market, people moving to town, you know they're looking to renting before
they buy for about a year or a year and a half.
And so average days on market is about one week to 45 days for any investment property.
That is a very big part of it. 2 is the cash-on-cash return. If you're a savvy investor watching
this video or even if you're not a savvy investor and you've been doing a little bit of diligence
in reaching out to investors in other states. "What's the cash-on-cash return on your investment
for you to be able to get into other markets?"
And there's maybe one or two that can compete with our marketplace. You know I'd say 5%-15%
cash-on-cash return. And I'd say it averages about 6%-8% depending on the market and the
product you buy. And that's huge, that's a great return on investment.
Plus the other thing that I think is very exciting is you don't want to speculate and,
say I'm buying for equity position. If you look at the Case Shiller Index, the graph
of from like 1985 until today's date, and on average you'll see about 3.5% appreciation
rate per year, which is paired with inflation, right? You run that from 1985 to today, we're
80% below where the value should be in our market.
Now this isn't talking about the 2005 ridiculous bubble pricing we're talking about a home
that's a $100,000 right now, shouldn't be worth $250,000, right? No, that home's worth
about $180,000.
Whatever we come back to normalcy in the market, whether it's going to be 2 years, 3 years,
5 years. It doesn't really matter, does it? As long as you're getting a good return on
your cash.
Let me take a look at my cheat sheet here. There is no state income tax. I always forget
that one. That is a huge thing.
Majority of our investors are coming out of California, and some of them aren't even buying
investment properties. They're buying a property that they can declare as a "primary residence"
to save a lot of money on not having to pay state income tax.
We also have a lot of baby boomers coming from the midwest, all over the country, and
world that are buying a second, third, fourth, fifth home or doing a primary retirement home.
One, Las Vegas is known for entertainment. We have world class shows, fantastic dining,
fantastic weather, yeah it gets hot during the summer but there are stuff to do indoors.
Now we also have the mountains where its 30-40 degrees cooler. So there's a lot to do in
the outdoors, indoors here that really attracts the baby boomers.
In addition to that, we have international direct flights everywhere, which is an important
thing, right? And we're close to the coast. About a 4-hour drive from California, so the
beach is close by. There's a lot of value in that as well.
What else do we have here? I think that's about it. You know you can find out more information
about us on DaleSnyder.net and on our YouTube Channel DaleSnyder1. But throughout a lot
of fantastic opportunities, if you're already in the market, congratulations! I think you're
making a wise choice. If you're not and you're considering about it. Please reach out to
me and I'll have an educated conversation with you.
This is Dale Snyder with The Snyder Group at Keller Williams Realty.
Have a fantastic afternoon.