Real estate, a proven vehicle to wealth, is a capital intensive, yet secured investment. It involves buying, managing, renting and selling of properties for profit. Unlike stocks and bonds, real estate has limited liquidity. The key to success in real estate is cashflow management. Any investment that goes into cashflow negative for a period of time is not sustainable, often resulting in liquidation or insolvency. Flipping is also another risky practice as it may not allow enough time for equity to mature.
As Canadian real estate market sky rockets, the depressed US real estate market has become very attractive. That is because of the "cashflow management" factor in real estate investment success. For example, Las Vegas, a major metropolitan city where people actually live there full time and are employed, has a robust rental market. Strong Canadian dollar and low tax environment in Las Vegas have made its real estate market very attractive to Canadian investors. In fact, Canadian is now buying Las Vegas foreclosed properties by storm, as investment and vacation homes.
CNN reported that some Las Vegas properties are"car cheap". That means for the price of a car, one can buy a property in Las Vegas. To find out more about Las Vegas Real Estate News, visit www.millhouseventures.com and click on "Live CNN".
Toronto, Canada based Millhouse Ventures Ltd., has been taking advantage of this opportunity in the past 3 years and enjoys great success. Its principals have over 30 years of experience in the Las Vegas real estate market. It specializes in helping Canadian investors acquire, manage and selling off investment properties in Las Vegas.
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