Why invest in Land?

It’s been said before – vacant land is one of the most overlooked and misunderstood real estate investments in the world.

Whenever I discuss the buying and selling of LAND, I get a lot of blank stares. There seems to be a widespread assumption that vacant land is a “weak” or even pointless investment because;.

  1. It doesn’t produce income.
  2. It just sits there and nothing happens.
  3. It’s flat out boring.

The truth is – some vacant land is capable of producing serious cash flow and the rest of it is one of the best long-term investments on earth because of its hands-off nature and versatility.

Don’t you just love the fact that land just sits there, and nothing happens?

The simplicity and stability that comes with owning the right piece of land, purchased at the right price, sometimes outweighs the myriad of problems that come with other types of real estate. If you have overlooked raw land as a viable investment opportunity in the past, take a few minutes and get educated about what land is all about!

Here are 8 reasons you should consider investing in land:

1) With Vacant Land, You Don’t Need to “do” Anything to the Property.

Forget construction! Forget renovations! You don’t need to be an expert or know anything about how to rehab a property yourself. In most cases, you really only need to know one thing: “Is the property suitable for building?” As long as someone else can build on the land if/when they want to, a huge part of the battle is already won.

2) Raw Land is a “Hands-Off” Investment.

Have you had enough of dealing with tenants, toilets, bugs, mold, lawn care, leaking roofs, bursting pipes, broken furnaces, and the hundreds of other issues that come with owning buildings? Vacant land doesn’t involve ANY of those things. Once you buy it… it sits there, it behaves itself, and nothing happens.

3) Land Investors Call Their Own Shots.

When you buy vacant land, you buy each property with your own cash and completely avoid dealing with banks and mortgage companies. When you know where to look for great deals on land, it requires very little start-up capital to get your business up and running. (could you afford $500 per acre?)

4) When You Learn How to Research Properties Effectively, you can Buy and Sell Vacant Land Properties Without Ever Seeing Them In-Person.

Using the tools that you and I have available for FREE online you can purchase vacant land. The beauty of land is that it doesn’t involve any structures. This means the inspection process is VERY simple – and if you’re doing the right research, you can easily buy your properties without ever visiting them in person. (That does not mean you shouldn’t hire a professional to check it out for you).

5) Add Seller Financing to the Mix and EXPLODE Your Income Potential.

When you combine vacant land that you own with the power of Seller Financing, it’s a match made in heaven. It can open up the doors to finding MANY more buyers because most banks are very hesitant to lend money on vacant land. Due to the scarcity of “easy money” financing, a land investor can use this to their advantage by charging a higher-than-market interest rate and many people will gladly pay it. Seller financing is also a great way to create multiple streams of passive income that act like rental properties but come with virtually none of the typical headaches that rental properties are known for.

6) Land is Very Inexpensive to Own as a Long-Term Investment.

When you buy a piece of land, there are, no utility bills to pay, the cost of property insurance is nominal (if you have it at all) and property taxes are extremely cheap. Plus there is almost never a mortgage payment. If you want to park your cash somewhere and forget about it, vacant land could be exactly the investment vehicle you’re looking for.

7) Land Gives its Owner Peace of Mind.

Think about it – land is a long-term, tangible asset that doesn’t wear out, doesn’t depreciate, and nothing can get broken, stolen, or destroyed. Put all of these benefits together with your ability to buy it for next-to-nothing… and can you think of a better combination?

8) They Aren’t Making Any More Of It.

Most people don’t think of vacant land this way, but the reality is that land is an extremely valuable resource with limited quantities available. Especially when you purchase land in the path of growth, you will find yourself with a finite asset that a lot of other people want to get their hands on. Stocks, bonds, mutual funds, and 401Ks all make sense in certain scenarios, and so does land. If you go into this with the intent of holding the right property for the long-term, it can make a lot more sense (and be a lot more profitable) than any other retirement vehicle out there.

If you want more information on investing in vacant land please contact me.

Do you have a need for commercial / industrial / retail buildings or land? Are you ready to buy or sell a home? We can help you with that, safely… just call us at 702 SELL NOW or click on this link to my website http://www.702SellNow.com

Choose to have an amazing day….Jeff

At Las Vegas Little Theatre – The Show Must Go On!!! (despite all of the obstacles)

As we all know a lot of things have changed since the beginning of March.  The Strip closed down for two months and now reopened with restrictions.  Live plays with audiences have not come back yet.

But as they say in show business “the show must go on”.  In that spirit the Las Vegas Little Theatre is trying a bit of a new concept.  They have the stage set for a play however you will watch it via Zoom.

At the moment there are two performances left of The Quarantine Monologues.  I saw it last week and I recommend it.  You can see it on July 31 and August 2 online for only $15 per device.  For tickets, click https://bit.ly/3gYjQrt or contact the box office at 702-362-7996.  

On August 1 – there will be a live-streaming extravaganza (most likely via Zoom also however I would check with the box office); a benefit performance of Deception At The Disco!  Frannie Fabiano (Gillen Brey), LVLT’s new Event Coordinator has hired three acts to entertain: The Diva (Joy Demain), Vinnie Vegas (Michael Kaczurak) & the Vinnettes (Monica Johns and Melissa Riezler), and Troy Tritone (Glenn Heath). Everything is about to hit the fan when The Diva finds out she is not the only headliner for the evening and that her ex-fiancé and ex- backup group are also on the bill to perform. Tempers are raised and there are threats tossed around in this hilarious Who Dunnit. Someone is about to make their last appearance!

Oh, and the sleuth that’s gonna crack the case? It’s you! The audience!

It is so great to be able to write about something happening in the theatre community and hopefully there will be more to tell you about soon.

​Do you have a need for commercial / industrial / retail buildings or land? Are you ready to buy or sell a home? We can help you with that, safely… just call us at 702 SELL NOW or click on this link to my website http://www.702SellNow.com

Choose to have an amazing day….Jeff

What should a Home Buyer do when they close on their home?

That day has come you and your family have finally moved into your new home. Of course, before moving in you had your utilities turned on, packed and arranging movers;  now I suggest (strongly) 4 more items a homebuyer should do when they close on their home.

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1) Change out all smoke detector batteries.

Let’s face it you won’t know when the batteries were last changed in your new home. Don’t take any chances and replace them when you first move in. Smoke detectors almost universally use the rectangular 9v batteries. After this the recommended amount of time for changing out smoke detector batteries is semi-annually (every 6 months). There is an easy way to remind yourself to perform this important maintenance action: Change out the batteries every time you set the clocks forward or back for Daylight Savings Time. 


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   2) Replace the air filters
 
Replacing the air filters in your home is one of the best things you can do to reduce maintenance and failure issues. The Home Depot and Lowe’s carry a large selection of sizes and generally will have what you need.

Here, in the Las Vegas Valley, the air filters are most commonly located in ceiling areas. The single most common reason for homeowners not changing the filters as needed is because it can be a pain to perform this maintenance action. Luckily, I know of a trick that makes it easier.
 
Go to the thermostat. There are hundreds of thermostats out there but almost all of them will have two switches or buttons. One for “System” and one for “Fan”. The fan switch or button will have two settings: “AUTO” and “On”. The normal position for the fan should be AUTO. But when changing out the air filters you should switch the setting to “On”.  This way the filter stays in place and you can easily swap it out for the new one.  Extra advice – use a marker and put to date on the filter so you know when the last time it was changed.
 
Bonus: Look for additional locations in your home. When I moved into my current home I saw the air return and replaced the filter… several months later I realized there was a smaller one I had ignored (and the crazy thing is that one was right above my bed! Not kidding!)

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3) Change locks and codes. 
 It’s always a good idea to change all locks upon taking possession of title and moving in. Remember to obtain master alarm codes from the seller and if the front door has a programmable lock, make sure it is changed to a number unique to you and that all previous secondary codes are wiped out as well. The garage door key pad code should also be changed. Most keyless exterior key pads for garage overhead doors will have the procedure for re-programming the combination inside the cover of the key pad.  Don’t forget to have the post office change your mailbox key if you have one of those community mailboxes. They will do this for free if you request it in the 1st 30 days you live there (you’ll need proof that it is your new residence).

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4) Verify the settings on your irrigation system control panel.
 
Be aware of the fact that you can be fined by the SNWA (Southern Nevada Water Authority) for watering your lawn on days or at times when it is not allowed. Yes, there are specific days and times when you should be watering, and specific days and times when you’re not allowed to be watering. 
 
The settings for your panel are easy to find. The Las Vegas Valley Water District (LVVWD) has promulgated all the required schedules on their website. You only need to enter your address. The link is here:  https://www.lvvwd.com/conservation/mandatory-watering-schedule/index.html
 
Your settings will need to be changed seasonally per your LVVWD watering schedule.  
 
Do you have a need for commercial / industrial / retail buildings or land? Are you ready to buy or sell a home? We can help you with that, safely… just call us at 702 SELL NOW or click on this link to my website http://www.702SellNow.com

Choose to have an amazing day….Jeff
 
 

2 Big Things Happening for Las Vegas Today (and another certainly worth mentioning)

First, Clark County School District is having an online Town-hall meeting today. This is supposed to begin at 4:30 and run for an hour; it’s all about the 2020-21 school year. The public is able to ask questions in advance. For details, click this link. If you have kids enrolled in a CCSD school, I’m sure you’ll want to watch this.

Second, The Vegas Golden Knights return to training camp today and NHL play is scheduled to start August 1 to potentially October 2. The hockey on television, with six games a day available early on in the process, will be an incredible spectacle. For more details, click this link.

Vegas Golden Nights NHL team
That’s my son and I at a game at T-Mobile arena

Notable; If you miss live theatre as much as I do, you will want to know that tonight, as well as Sunday 7/19 & Monday 7/20, the Las Vegas Little Theatre will present “The Quarantine Monologues”. It will only be presented on-line and is a collection of original monologues themed on the COVID-19 pandemic and its effect on our lives. There were almost 90 submissions from all over the country and 15 monologues were selected to be performed. The list of monologues being performed as well as how to enjoy it can be found right here.

Live Theatre returns to Las Vegas (or theater if you prefer)

Do you have a need for commercial / industrial / retail buildings or land? Are you ready to buy or sell a home? We can help you with that, safely… just call us at 702 SELL NOW or click on this link to my website 702SellNow.com

Choose to have an amazing day….Jeff

Play Time is important for kids.

Active play time is very important for kids to have in their daily routine. It helps build   imagination, physical coordination and other important developmental skills.   Here in Southern Nevada the weather is not always great for outdoor active play. There are some splash pads and fun parks that are great for some parts of the year, however, if your kids need more play time in their lives and need an option that doesn’t involve going outside, it might be time to consider an indoor play space. Not only will this enable your kids to play regardless of the weather or other outside conditions, but it can also net you some serious “cool parent” points once it’s finished. There are a lot of possibilities for how you might tackle an indoor play space, so here are a few ideas to get you started.

Climbing the Walls… Literally

There are many ways that you can add climbing options to an indoor play space. You can install climbing ropes, rock climbing wall units and yes even “trees” that are designed for climbing – your kids will have fun and burn off some of their pent-up energy. If you don’t want to go for one of these options, you could add a smaller jungle gym or similar play structure. Regardless of what sort of climbing option you choose, the key to all of this is making sure that they are securely mounted so that nothing can come loose during a play session. Some added padding on the floor is also a good idea to help absorb any impacts in case your climbers decide to jump down instead of climbing all the way.

Bounce Around

Another fun option for bringing the outdoors inside is to place a small trampoline inside the play area.  Of course; the trampoline will need to be secured and it should have netting and other protective gear installed to prevent injuries during play. The end result offers a lot of fun, though. Just make sure that you choose a trampoline unit that’s small enough to easily fit indoors but big enough that your kid can actually bounce around inside of it. Most likely you’ll want to get a 6-foot or 8-foot trampoline at most.

Bringing the Outdoors Inside

There are a number of ways that you can bring elements of the outside indoors for the play area you build. You can create an indoor “tree house” that captures the look and feel of outdoor play within an enclosed room. You could also add artificial grass in place of carpeting to give some or all of the room more of a feeling of being outside. Creative paint and lighting can make the room more fun while replicating some of the feel of playing under a bright blue sky, and adding multiple or large windows can let in some natural sunlight as well. You could even add popular outdoor options such as a sandbox to give even more ways to play; just make sure that you have a plan in place to clean up spilled sand.

Open the Imagination

You don’t have to dedicate a child’s play room to a single play option or theme. You could have multiple stations within the room including a block table, a play kitchen, car seats, an “outdoor” area and more. You could even forego some of these formal stations and simply provide ample space for play and extra storage to keep it organized. You know your kids, so design the play space that will fit them and their preferences the best.

From updating outlets for safety to adding custom construction or storage, you might need to hire a couple of professionals when designing an indoor play space. Fortunately, I have lists of electricians and other contractors that can get the job done, so feel free to reach out to me.

I want to take this opportunity to wish you a Happy Fourth of July.  I’m sad to announce that this year our Summerlin Patriotic Parade, which my family almost always attends, will be seen virtually at www.summerlin.com

Do you have a need for commercial / industrial / retail buildings or land? Are you ready to buy or sell a home? We can help you with that, safely… just call us at 702 SELL NOW or click on this link to my website http://www.702SellNow.com

Choose to have an amazing day….Jeff