Real Estate Investing Expert, Mike Eckerman Announces Long Term Strategies Versus Flipping Strategies for Today’s Las Vegas Real Estate Market
Las Vegas, Nevada (PRWEB) November 20, 2013 -- House flipping is most often perceived as a quick way to make money off a real estate investment. However, navigating the “flipping” market can become risky, leading investors to put in more cash then they may have anticipated. Mike Eckerman, CEO of Novus Dia Financial, a real estate asset management firms says, “A buy and hold strategy is the way to go in today’s real estate market. Buy, hold and let time make money for you.”
Eckerman explains that there are two kinds of investors in Las Vegas, those with a buy and hold strategy and those looking to make a quick profit by flipping a property. “Flipping isn’t nearly as lucrative as investors might think. Due to the lack of inventory in the hot markets of Las Vegas and Southern California, it has become very difficult to purchase a property below market value. I believe that an accurate assessment is that many investors are starting to shift to a buy and hold strategy as they look for a more stable long term solution. In most cases, flipping a property won’t net a big profit for an investor once all of the rehab, commission and escrow costs are paid,” says Eckerman.
Eckerman explains that today’s rising market should encourage more investors to look for sustainability and appreciation on their investments and according to the past year’s valuation data for Las Vegas, those investors who bought and held are likely doing pretty well right now. In a November 6th press release, the Greater Las Vegas Association of Realtors (GLVAR) announced another increase for the month of October, making Las Vegas the top city in the nation for home price increases. “With a continuing trend of valuation increases, there are far more income producing benefits to establishing a long term strategy in Las Vegas. Buying and holding a property creates passive income, lower capital gains and it’s a great tax benefit,” explains Eckerman.
Another attractive incentive for a buy and hold long term strategy is increasing rental values. Las Vegas rental values have remained steady and according to Eckerman, will likely begin to increase over time. “There is a high demand for quality rental properties in Las Vegas and the current rates are extremely attractive. As the market continues to rise and inventory remains low, rentals will eventually begin to increase,” explains Eckerman.
Novus Dia Financial is a Real Estate Asset Management and Strategy Firm that specializes in acquiring, leasing and selling Residential Real Estate. Novus Dia Financial also provides education to individuals on how they can earn above market returns through Proprietary Real Estate Investment Strategies. Novus Dia has office locations in Las Vegas, Newport Beach, Beverly Hills and San Francisco.
Sean Delanty, Novus Dia Financial, http://www.novusdiafinancial.com/, +1 7023019230, [email protected]
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