Local investors adapt to changes in the real estate market
LAS VEGAS (KLAS) – As many of you know, the Valley real estate market shows no signs of slowing down. The palms of local houses are changing their methods as more and more people seek to settle in Las Vegas.
“He got crazier, hotter,” said Jesse Boeckle of the Boeckle Group, “and he got more competitive.”
Jesse and Landon Boeckle are real estate agents and investors.
“Jesse and I, our main strategy is to fix and return,” Landon said. So we return 50 to 75 properties per year. ”
Before the pandemic, finding a home to repair and sell for profit was not that difficult, but with a lot of people moving to the valley and so few homes on the market, they had to make changes.
“What we’ve done is we’ve kind of pivoted our investment model a bit to go towards the higher price bracket, where a lot of early stage investors or new investors are trying to build homes for. beginners. Jesse explained.
The Boeckle team toppled a luxury home in Henderson, making several hundred thousand dollars in profit. They say now there are more buyers for houses like these.
“A lot of California buyers, especially in the luxury market, California buyers are consuming all of the high-end luxury inventory,” Landon said.
They’ve also taken to social media as ‘The Boeckle Brothers’ during the pandemic downtime, and it’s paying off as well.
“To be on YouTube, to be on TikTok and Instagram, so there are a lot of eyes, like wholesalers, that bring us properties,” Landon said. “We bought a lot of properties on Instagram.”
The Boeckle brothers hope to continue their expansion, as the market shows no signs of slowing down.
“I think we’ll continue to see appreciation and continue to see buyer and demand,” Landon said.
They say another hurdle throughout the pandemic has been the shortage of building materials, and some projects are taking much longer to complete.