Yesterday, the Greater Las Vegas Association of Realtors reported that in January more than half of the transactions were cash purchases. For the most part, these cash investors are looking to rent out their investment properties. Paul Bell, GLVAR's president, believes that the cash investors are crucial to our Las Vegas market, "without them, the homes would sit vacant and inventory would rise. With low rents and attractive single-family residences available, many tenants are opting to rent their own homes rather than live in complexes."
If you are looking to invest in Las Vegas real estate, or are perhaps looking to rent a single family residence, please don't hesitate to contact me.
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