I’m in Las Vegas and it is like that here too.

i was actually putting together a jv deal on a vegas casino build and the client asked me if i knew anyone with an reo portfolio, the same day another client happened to ask if i knew any buyers for an $800,000,000 reo portfolio and that began my venture into the reo world. i just happen to stumble directly into a new york investor with $3,500,000,000 in his personal bank account on my very first deal so it has been pretty easy for me when the packages are real. the hard part is weeding through the fakes and scammers.

It was always difficult REI in Van so I set up in Indianan, Georgia and the Las Vegas.

In addition, I am a certified resident in Las Vegas.

The latest numbers are out for the Las Vegas real estate market.October:For the 2nd straight month there were fewer than 1,000 homes sold with 974 closings reported (990 in Sept).Prices are down 11.4% from Oct 2006, sales are down 42.3% from a year ago.

Even in the high end real estate market (casinos, hotels, bulk reo packages) you will find that there is a lot of overseas oil money (not necessarily US allies) buying big chunks of these high end US properties.

Here in Las Vegas it’s hard to get across town in 35 minutes.

Would love to hear more on what the Las Vegas experts have to say in general about their market.The is still good deals to be had in Vegas but I think the smart investors in Vegas are adjusting their investment strategy to provide a cushion should the market soften further.

sure they cheat blatantly at the casino but the marine environment is stunning.complacency always costs money,

Haha, Seth I just got back from snow skiing and the casino and leave tomorrow for two weeks at the beach.Pay someone to do the work and go on vacation with the TIME you saved.