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Cash is King in Las Vegas Foreclosures
Take a Look at - lock smith las vegas

Over the last 5 years I have sold a lot of real estate in many different markets nationwide. In 2003
droves of investors came into the Las Vegas market and purchased single family homes and condos.
In 2004 the scene repeated itself in the Phoenix market. In 2005 markets like Albuquerque and
Austin had a large amount of investors snatch up new construction homes. In 2006 the Carolinas
became hot and east coast investors invested very heavily in many markets in Florida.

Have Look at - phony locksmith

All the while I was out buying and selling in many of these markets myself I was sitting on the
sidelines in the Las Vegas market because home prices were too high and just did not make good
investor cash flow sense. That all began to change in the summer of 2008 as prices began falling
faster that normal and the point of cash flow was once again reached. This point of cash flow I
speak of is a simple equation in which the amount of money an investor can get from renting a
home exceeds his/her costs of ownership. These costs of ownership would include the mortgage,
taxes, insurance, repairs, and property management. With a 20% down payment positive cash flow
can now be achieved in this market for the first time in several years. Las Vegas has lead the nation
in foreclosures for well over a year now and the amount of foreclosures coming on the market are
near triple the amount from just a year ago. Nearly 1 home in out of every 70 is in some stage of
foreclosure here in the Las Vegas market. The median home price in Las Vegas has come down near
$10,000 a month over the last year from a high of near $300,000 to a new median price of only
$189,000.

See To - illegal locksmith

As a full time investor and also a licensed realtor I spend my time looking for the best deals for
myself and my investors here in this market. Local newspaper articles and analysts talk about 30%
declines in values. The reality is that we are seeing prices that are being discounted 50-70% off of
where they were just 2 years ago. Many of my deals over the last month or two are coming in at
well below 50% of older higher values from 2006. I just sold a one bedroom condo at $53,000 that
was $148,000 two years ago. This is near 35 cents on the dollar folks. New 2 year old three
bedroom homes that were as high as $300,000 just 2 years ago are now priced under $120,000.

This opens the doors for virtually anybody to step back into the Las Vegas market and begin buying
once again. Because of the governments Housing Recovery Foreclosure Bill 1st time buyers have a
$7500 tax credit to take advantage of; baby boomers and retirees looking to relocate to a warmer
weather destination do not have to head south of the border as the Southwest has become affordable
once again.

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Cash is King in Las Vegas Foreclosures

  • 1. Cash is King in Las Vegas Foreclosures Take a Look at - lock smith las vegas Over the last 5 years I have sold a lot of real estate in many different markets nationwide. In 2003 droves of investors came into the Las Vegas market and purchased single family homes and condos. In 2004 the scene repeated itself in the Phoenix market. In 2005 markets like Albuquerque and Austin had a large amount of investors snatch up new construction homes. In 2006 the Carolinas became hot and east coast investors invested very heavily in many markets in Florida. Have Look at - phony locksmith All the while I was out buying and selling in many of these markets myself I was sitting on the sidelines in the Las Vegas market because home prices were too high and just did not make good investor cash flow sense. That all began to change in the summer of 2008 as prices began falling faster that normal and the point of cash flow was once again reached. This point of cash flow I speak of is a simple equation in which the amount of money an investor can get from renting a home exceeds his/her costs of ownership. These costs of ownership would include the mortgage, taxes, insurance, repairs, and property management. With a 20% down payment positive cash flow can now be achieved in this market for the first time in several years. Las Vegas has lead the nation in foreclosures for well over a year now and the amount of foreclosures coming on the market are near triple the amount from just a year ago. Nearly 1 home in out of every 70 is in some stage of foreclosure here in the Las Vegas market. The median home price in Las Vegas has come down near $10,000 a month over the last year from a high of near $300,000 to a new median price of only $189,000. See To - illegal locksmith As a full time investor and also a licensed realtor I spend my time looking for the best deals for myself and my investors here in this market. Local newspaper articles and analysts talk about 30% declines in values. The reality is that we are seeing prices that are being discounted 50-70% off of where they were just 2 years ago. Many of my deals over the last month or two are coming in at well below 50% of older higher values from 2006. I just sold a one bedroom condo at $53,000 that was $148,000 two years ago. This is near 35 cents on the dollar folks. New 2 year old three bedroom homes that were as high as $300,000 just 2 years ago are now priced under $120,000. This opens the doors for virtually anybody to step back into the Las Vegas market and begin buying once again. Because of the governments Housing Recovery Foreclosure Bill 1st time buyers have a $7500 tax credit to take advantage of; baby boomers and retirees looking to relocate to a warmer weather destination do not have to head south of the border as the Southwest has become affordable once again.