Fierce Competition for REOs Means Investors Need to Change Course in 2010
Monday, March 22
I love the Las Vegas real estate market! Just like the city itself, the Las Vegas real estate market is always changing, always exciting. We saw the market reach bottom last year and begin to stabilize again as investors rushed back in to Las Vegas to snatch up foreclosure deals that generated ...
How To Buy Investment Properties in 2010
Wednesday, March 10
For much of 2009, the quickest, easiest and best way to purchase an investment property in Las Vegas, was to purchase a bank owned foreclosure, or REO. In fact, 75% of all sales in Las Vegas in 2009 were bank owned REO foreclosures. In some individual months, this number was as high as 85%. But...
HUD Drops 90 Day Seasoning Rule - Acquiring and Reselling Foreclosures Easier
Thursday, January 28
The Department of Housing and Urban Development recently announced a temporary policy change that will have significant positive benefits for anyone looking to acquire foreclosures, especially those looking to fix and flip. Previously, FHA has required that any borrowers seeking to finance their...
MGM Update January 2010
Tuesday, January 19
As those of you who follow my articles and blogs know, I have been tracking the MGM Signature Towers Hotel Condo in Las Vegas very closely over the last year. Many of my investors have asked me to write an update on the project. Here is the most recent information on price and sales trends from...
2009 In Review
Monday, January 11
2009 was a year of expectations and a year of hopes. Some of these were met, some were exceeded, and others will wait and continue to seek fulfillment in 2010. We all knew that the foreclosure wave would continue to sweep over the nation’s beleaguered real estate markets. And i...
Stripped Homes Offer Great Profit Potential
Monday, January 04
It's the newest thing in housing these days... 4 BD/3BA... no kitchen. No kitchen, no ceiling fans, no landscaping, even no light fixtures. Yes, it appears that appliances and hardware are the latest casualties in the nation's foreclosure meltdowns. A recent article in the New ...