In this post, I will briefly discuss the unique supply and demand situation in Las Vegas.SupplyLas Vegas is unique in that it is a tiny island of privately owned land in an ocean of federal land.

There are a lot of facts about your situation that are missing from your story that are needed to make an informed opinion, therefore, I believe it's not reasonable to expect to receive any actionable advice on BP.Since you also write you're in your 70's, I suggest you look for an attorney, or a recommendation from a federal, state, local agency or private interest group (AARP comes to mind) for an attorney who specializes in elder abuse cases.Good luck.

Inching closer to the 7% mark, the 30-year fixed-rate mortgage has climbed to 6.90%, up from 6.77% last week and notably higher than the 6.50% recorded a year ago, according to Freddie Mac data.After a period of smaller rate movements offering some relief to homebuyers, recent signals from the Federal Reserve hinting at delayed rate cuts have sparked an upward trend.Sam Khater, Chief Economist at Freddie Mac, emphasizes that strong economic and inflation data are driving this shift.

Went for a hike last week with an investor who sold off all of his properties and invested it all into multifamily syndications and said he’s getting 3x more monthly than his pension from federal law enforcement.

For instance, a claim filed under a federally declared natural disaster is most likely looked at very differently than a claim for a leaky pipe. 

And that’s why almost every single person on the Federal Open Market Committee believes that it will be appropriate for us to reduce interest rates this year.” — Jerome Powell, Federal Reserve Chairman, during his “60 Minutes” interview.

Typically the borrower never records the land contract (which they should)Pros for buyer - noneCons- tough to insure, could be easier to be foreclosed on, name not on deed, Also most buyers do not run through title or get title insurance as wellMost land contract sellers run it like it’s the Wild West and do not understand these are still consumer loans and follow state and federal guidelines

Establish connections with real estate brokers that focus on investment properties.Funding: Explore various funding options, such as partnerships, hard money lenders, private lenders, and conventional mortgages.Make use of your experience in building to precisely estimate repair costs and provide prospective lenders with well-prepared project proposals.Look into any grants or incentives that may be available to real estate investors on a local and federal level.Create a concise business strategy that outlines your objectives, both short- and long-term, target properties, and investment tactics.Remember, each real estate market is unique, so adapt your strategies based on your local conditions.

Good basis for fighting the ever-more-frequent push for rent control:stlouisfed DOT org/on-the-economy/2024/feb/what-are-long-run-trade-offs-rent-control-policies

This could affect the lender's tax situation.Furthermore, if the interest rate is below the IRS's Applicable Federal Rate (AFR), the difference could be considered a gift.