Frequently Asked Questions - Scouting
FAQs - Scouting
Investors who are not prepared for hunting or not sure if they are investing in Las Vegas go scouting first. Generally this about 10 properties in an afternoon.
The majority of investors who come to Vegas are so misinformed that we have to completely break down their thinking before hunting. For example, many investors initially believe they can get a house in Summerlin (aka A neighborhood) for $50k. Or they think they can get a $100k house that rents for $1800. By the time they get here, conditions have changed so much that they rethink their strategy. Once an investor has accurate information on inventory and market rents, they often change their mind about the type of product they want to purchase.
Not unless you brought "proof of funds." Without proof of funds you cannot make an offer as listing agents will throw your offer in the garbage unless you can prove that you can purchase the property.
No. The only purpose of scouting is to confirm what you are looking for and for us to get to know each other. This is our "first date" and there won't be another one unless we get along.
Not likely. 33% of the inventory you see on our web site gets snapped up each week. Competition is stiff. 70 properties a day are purchased by investors like you.
- Confirm availability before making flight arrangements. We book weeks in advance and we are slammed.
- Bring proof of funds. You do not have to give it to us. HOWEVER, it's good to have in your back pocket just in case you see something you like. How often to you go to Walmart without your wallet?
- Wear comfortable shoes and clothing. Scouting & hunting is hard work.
- Get plenty of rest. We start at 0700 hrs in the summer.
- Bring your laptop / ipad so you can do some homework and review results of your tours.
- Leave the kids with someone. We have serious things to talk about and you are making a big decision.
No. We are not going to hold you hostage. We are not into time shares and we are super busy. You can stop when you have had enough.
You should also set up a US bank account if you are not a US citizen. You will need that account in order to receive funds from your tenants or property management company.