Las Vegas foreclosures are on the rise - That's why we just updated our Las Vegas Foreclosure Bargain website with 17 new properties our office just received directly from a major bank. Here's a partial list of some of the Las Vegas foreclosures you'll find listed on the website:
LAS VEGAS REO PROPERTY UNDER $100K :
LAS VEGAS REO PROPERTY UNDER $200K :
LAS VEGAS REO PROPERTY OVER $200K :
As you can see, there's a bargain above for just about every Las Vegas foreclosure investor at just about every price-point you can imagine. These are some of the best deals - the "Real Steal Deals" as I call them - that you'll come across in the Las Vegas foreclosure market.
Readers of this blog by now know that I've been working with a private financial firm that's providing some significant recession proof type investments to their clientele. What's great about this group is that while everyone's complaining about a down economy and a lack of movement with good real estate sales and mortgage opportunities, their clients (and now mine) aren't feeling ANY kind of recessionary pinch. Why? Because of the unique investment deals they bring to the forefront.
So how does this benefit you, the mortgage broker or real estate agent that's seen their steady supply of real estate buyers and sellers dry up (especially with the Las Vegas high rise condo market)? Here's how: the company has just established an affiliate program which now allows YOU the opportunity of providing the alternative products and services they offer to your clients as well.
Trust me when I tell you this is an incredible opportunity to stay in front of your clients and suggest investment opportunities for them that'll make you look great (while you wait for the real estate market to rebound). I know - I've been showing would-be Las Vegas high rise condo purchasers who are afraid to enter this market right now some extremely attractive cash flowing (and recession-proof) investments that yield double-digit returns with a very low degree of risk in today's market. That's right - TODAY!
If you're a mortgage broker or real estate agent that deals with a high end client (such as luxury property) and are NOT making the kind of money you want to, please contact me to explore the opportunity of applying for this affiliate program.
This is NOT MLM or any other "home based" business nonsense and there is no cost whatsoeveer to get involved. This is an extremely credible way to show your high-end accredited investor clients that you stay abreast of all financial developments and are constantly looking out for their interests, no matter how poorly the traditional marketplace performs.
What's a 10 minute phone call compared to having to sit around frustrated that you're not making money because Las Vegas real estate's not moving? I'm awaiting your email (name and phone number please) or call me at 702-688-6454...
Spam is all over the place on the internet. You wouldn't believe how many junk emails I receive on a daily basis and I'm guessing it's the same case with you. So with all the nonsense I receive in my inbox, it's hard to filter out what emails are for real and what's just a plain waste of time. With that in mind, it boggles my mind how people will respond to my posts, blogs, and websites with info requests such as the following:
+++++++++++++++++++++++++++++
----- Original Message -----
From: <XXXXXX>
To: Ron Costa
Sent: Wednesday, October 22, 2008 1:52 PM
Subject: Investment Consultation
send me details
+++++++++++++++++++++++++++++
The above is a REAL email I received - no name, phone number, or anything of substance. Do you think I'll respond to this person? No way! Did this person really think that by sending me such a blank email that I'd take their info request seriously? Again, no way. I used to email back to messages like this requesting more information, but I've found that to be a waste of time as well, so now I just ignore them as those "wanting to play real estate", if you know what I mean. After all, if you're not serious enough to leave your name or number, what are the odds that something good will come of it in the first place?
People, please... (and this applies to anyone, not just me) - If you're really interested in getting information on whatever, or if you want someone to reply back to you on an inquiry that you made, please include your name and phone number in the body of the email message you send. To do otherwise shows a real lack of respect for a person's time, don't you think?
What's really interesting about the above email is this person actually called me this morning complaining that no one got back to her. You can't make this stuff up!
Did you know that Las Vegas real estate was "in the toilet", according to last month's Crystal Ball housing outlook?
"The truth as I see it today is that the real estate market in Las Vegas is in the toilet," said Larry Murphy, president of real estate research firm SalesTraq. "And the sad probability is that it will stay in the toilet a while longer."
My response to all the experts: Ever tour some of the new homes in Vegas? - They have some pretty nice bathrooms! Fast forward a few weeks and you have today's report that foreclosure filings have dropped to their lowest level since May. One day, an "expert" will tell you one thing - then the next day you'll hear another report from another "expert" saying something different.
Everybody's guessing. That's the bottom line. Analysts need something new to analyze. Publishers need something new to publish. Las Vegas high rises are good - no wait, they're bad. Invest in foreclosures - no, short sales are better deals - no, get into land... Everyone's guessing. But despite all the negative stories coming from all the media sources out there, believe it or not, buyers are still buying real estate (las vegas condos included) and sellers are still selling. Are they all idiots? Or are they just taking advantage of the market downturn and creating opportunity for themselves?
People sitting on the sidelines like to say things such as "great... a real estate agent telling me real estate is a great buy now", as they sit in their living rooms envious of their neighbor that just positive cash flowed a rental property as a result of a foreclosure deal. Marketwatch.com recently wrote an article on how investors are fleeing the market wondering what to do with their cash sitting on the sidelines.
Do you want to be a victim? Then sit there and do nothing. Remember, action creates results - YOU NEED TO TAKE SOME KIND OF ACTION IN THESE UNCERTAIN TIMES, whether it be in real estate or elsewhere!!! Finding recession proof investments is a good start for now (and they're out there - as long as you don't turn on the TV or read the newspaper).
Here's some tough love folks: Whether the Las Vegas real estate market is in the toilet or not, sitting there doing nothing just makes you part of the flush.
It doesn't matter how rich you are these days - securing a mortagage for a Las Vegas high rise condo is getting harder and harder, even for those with no credit issues.
For example according to a report by Duestch bank, closings at Trump are now at a horrendous 21%, while Palms Place is reporting closing at a 57% clip. And why? Lenders are now asking for 50 percent down on their high rise condo deals, and that option's only available for those with excellent credit to begin with.
With interest rates on 30-year fixed on a condo-hotel going as high as 8% and above, it's becoming increasing clear that even those with the means must start looking at alternative investments for now as the credit markets continue to struggle.
Many would-be high rise condo owners are now walking away from 6-figure non-refundable deposits - and if that's their best option, something's not right. Are condo fractionals the answer? At least you can make a case for them being cash flowing investments in an uncertain Las Vegas high rise condo market.
But folks, if you're going to buy a high rise condo in Las Vegas, do it all cash, and make sure you can handle the uncertainty for the next 2 years.
If you are one of the millions of investors concerned or struggling with the economic downturn over the past few years and are looking for new opportunities and possibilities, let's talk!
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
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