5 Things To Know About Buying Wholesale Properties in Las Vegas

Interested in getting a great deal on a Las Vegas house? Working with the right property wholesaler can save you thousands on your real estate purchases! In our latest post, we will discuss 5 things to know about buying wholesale properties in Las Vegas.

Are you interested in buying property at wholesale prices in Las Vegas? Doing so can provide you with excellent profits, but there are also a few things you should be aware of. Below, we discuss what you can expect and what you should look for when buying a wholesale property in Las Vegas or the surrounding areas.

What Can It Offer?

Buying property at wholesale prices can be an investor or rehabbers dream come true. When you work with the right wholesaler in Las Vegas, you’ll be able to avoid the legwork and negotiations involved when trying to find these deals yourself. When you find the right one, you will build a rapport and relationship. They’ll know what to look for and you will know the quality of properties you can expect from them.

Not All Wholesalers Are The Same

There are all kinds of people who claim to offer Las Vegas real estate at wholesale prices. While some know what they are doing and have the experience to back it up, others are new to the game and are just looking to make a quick buck. At Las Vegas Wholesale Property we strive to get to know our clients and understand their selling goals. We’ll work with you, finding the properties you are looking to flip or add to your portfolio. You won’t be hit with unexpected fees or costs at any time during the process. We are very experienced in buying and selling houses in the Las Vegas area, and we know how to find and obtain the best deals out there.

Inspecting The Property

When making any real estate investment, you’ll need to do your due-diligence. Have an inspection done or perform one yourself as long as you know what to look for. The inspection should cover all major components of the property. Anything your inspector is unsure about should be handled by a specialist. Remember, your inspector can typically only inspect what they can see and what their tools will allow for. In some instances, a second opinion is needed! From there, get estimates from local contractors as to how much the repairs will cost you. By performing the inspection up front, you won’t have to worry about unseen setbacks down the road. You’ll be able to know what to expect and how to budget accordingly.

Get Comps

Many times, wholesalers will shoot out numbers based on their own personal estimates. While these estimated can be educated, it is ultimately up to you to decide if you are receiving a good deal or not. Your wholesaler will likely provide you with some comps and market information, however, it doesn’t hurt to find some of your own. Try to get 3 solid comps for your prospective property both before and after the repairs are made.

Check The Title

It’s important to hire a professional company to perform a title search before making your purchase. You don’t want to find out after the fact that there are liens affecting the property. Some investors will rush into purchasing a wholesale property from an inexperienced wholesaler, not realizing the property also comes with a cloudy title! Just like when buying a property from a private buyer, it’s important to do your due diligence and your homework before signing a contract to buy!

Buying a house from a property wholesaler can provide you with the profits you want to see from your Las Vegas investment property! Get in touch with us today to learn more about what we do!

Learn more about buying wholesale properties in Las Vegas! Contact us today! 702-602-9825

Daniel DiGiacomo

Daniel is a successful, full-time real estate investor based in Baltimore, Maryland. Being an active wholesaler, rehabber and landlord, he knows what it takes to make a transaction benefit everyone involved. Daniel has bought and sold real estate in Maryland, Pennsylvania, Delaware, Massachusetts, Florida and Arizona.

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