Las Vegas vs Florida for rental properties—Las Vegas makes more sense because of big increases in Florida flood insurance rates!
2013 saw huge increases in Florida for flood insurance required on many properties.
Many buyers that were thinking of purchasing a Florida rental property are realizing in many cases that the numbers just don’t work out now when you factor in the increased carrying costs…..
While In some areas of Las Vegas flood insurance makes sense, the number of properties truly requiring flood insurance is not even close to Florida properties…..
When investors purchase a rental property, the rate of return on their money is critically important in their investment decision……
The numbers just seem to make more “cents” in Las Vegas!
Brian Grady, Broker-Salesman
Act 1 Realty
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702.498.4508
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