If you ever have any questions in regrds to the Las Vegas market please don't hesistate to ask.

That is the situation better explained.Sarah Bixby and John Thedford thanks for that 1% tip, never know about it....is that 1% return on rental rule supposed to be net or gross ( meaning after taxes and insurance and other expenses)Now the plot thickens.....las afternoon i received a call from my realtor, that the bank is considering another higher offer , and if i would consider give a higher offer.

For example, on Zillow, it shows this property was listed by bank on 12/21/2012 - but there is no price.http://www.zillow.com/homedetails/723-W-Las-Olas-Blvd-Fort-Lauderdale-FL-33312/43203838_zpid/However, if you press the "View Complete Details" button, it takes you to Wells Fargo where it listed an agent, but the status is "Coming Soon" and price TBD.http://reo.wellsfargo.com/WBREODetails.aspx?

Thanks guys, i created another thread with the details on my deal.http://www.biggerpockets.com/forums/311/topics/83673-please-review-my-deal-analysis---henderson-las-vegasIn the past, I've always gotten 10-15% below market, but right now, I'm buying at market because of the low inventory and raising prices.

This is a pocket listing I got from a realtor I work with.1 Story Traditional Equity Sale.1150sqft3bed,2bathBuilt 1983Henderson, NVPurchase Price $96k CashRehab $6KARV $110k - $120kRental income $1000- $1100, (2% is hard to come by in Las Vegas.)Walking distance from pretty good high school.Things I don't really like about it.- Small Kitchen- Dining Room Table would be place in the kitchen corner which is only about 5ft x 10ft.- Only standing shower in master bath, no tub.- One sink in master bath.- Normal sliding closet door in Master Bedroom.- Electric Appliance, only water heater is gas.- Garage is attach to the house, but you have to walk out the side door and get in the house via front door.I could flip or rent, if I rent, I would get 9.5% Cash on Cash return, not including vacancies & repairs.

@Katrina Jonah just curious how your Las Vegas investing has been going?

Thanks for the clarification @Pat L. As

Hello, I'm Rob and I'm 48, I live in Anaheim Ca and looking to invest in the Orange County Ca area and Las Vegas NV (I have family in Vegas).

I recently attended a seminar in Las Vegas hosted by Joel Block.

This deal involves a Famous Las Vegas Strip Club and a Gun range on 163 acres among many other things.