‎16394 Homes on the market
48% are shortsales
20% are REO/Foreclosures
32% Other(presumed regular sales)

1171 Went into escrow last week
41% shortsales
41% REO/Foreclosures
18% Other

By these numbers we have a 14 ...

This is in California, but I'm sure the same situation existed in other areas of the US, especially Florida, Las Vegas, and Arizona.I've even heard from another investor who started in the booming days and, not knowing better, bought a beat-up house at market value, put a lot into its rehab, and still made profit on it.

I worked with some Investors buying rental properties in Las Vegas already ranging from 30-40k condos to 115k homes(I didn't recommend that one because the cash flow was alot better on a 50-60k house but they wanted a certain area).I was wondering what do you guys look for in a Realtor?

I want to get an update on the luxury condo/town home markets in Las Vegas, Atlanta and Miami.

The problem with the national Case-Shiller Index is it averages several different markets together, so the 6 bedroom house that fell off the cliff in Las Vegas is counted against the 3 bedroom townhouse on the beach in Orange County that tripled in value.

I have had properties in Las Vegas, Phoenix, San Antonio, Austin, and Tampa.What's your story?

That's how those casinos in Las Vegas and Atlantic City get so wealthy.

I LIVE in in a Las Vegas house originally bought for 350k in 2005 now worth about 160k.

buy two Las Vegas rentals that meet the 2% rule .... and I agree with your statement: 2010 will be the best time to buy properties for the buy and hold investor.

Does anyone know any good,honest roof and or mold inspectors in Las Vegas?