Looking at the current day prices here for Las Vegas real estate, one begins to see that you can purchase a property in the greater Las Vegas valley and actually have a mortgage that is less than what you can rent that same property for. This is especially true in the case of some condos. With many two bedroom condos for under fifty thousand dollars, you can purchase one of these condos and get into it with a mortgage and HOA payments that are under six to seven hundred dollars per month. To rent that same unit you would be paying at least nine hundred to twelve hundred dollars per month. back in 2003 to 2006, in many cases it did make more sense to rent a home in most cases than to buy that same home. Now however the tables have turned and it's better to buy than to rent in Las Vegas!!!
Bryan Knight, Las Vegas real estate agent specializing in REO properties.
Follow me at www.twitter.com/KnightREO
Fourclosure, REO specialist in Las Vegas area. Servicing Las Vegas, North Las Vegas, and Henderson. Serving My Clients, Like I Served My Country!
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