Iryna Sysenko, Las Vegas and Henderson Real Estate

We are buying foreclosed properties for cash investors at the Las Vegas Foreclosure auction. Note, we are not dealing with the banks foreclosures; we are buying our properties at the public auction before they become REO bank foreclosures.
The foreclosed properties are bought at below the bank foreclosures price so that they can be flipped and sold for profit in a short time of 3-4 months. You can make about 15-20% profit on each property depending on your initial investment.
We can either provide a full service of buy-rehab-sell for a fraction of the profit or just buyer's representation service when we buy a property for you below market price and you decide what you want to do with it.
You can find more details at our website http://revegas.com.
We can provide you a full report of the recent (last 12 months) properties that we bought and sold to give you an idea of the profit you can expect.
Please call me at 702-556-5540

Real Estate investor is selling his rental portfolio. Properties are rented to long term tenants.
Prices range from $33,000 to $175,000.

For the list of the properties available, rent amount, taxes, please visit http://www.revegas.com/content/rental-properties-sale


Benefits:
1. No need to chase bank owned properties
2. No struggling with multiple offer situation and waiting for response.
3. No need to remodel properties and invest additional money and time. Properties have been recently remodeled.
4. No need to find tenants.
5. Cash flow from day one after closing!
6. Fast answer on offers and quick closing.

Buying a Bank Owned Property vs. Buying Rentals from a Private Investor.
Buying from a Private Investor
Select properties from the list.
Make an offer. (Offer Instructions). Negotiate with real person.
Close.
Re-sign leases with tenants the same day.
Get positive cash flow.
Total time frame - 1-10 days with minimum efforts.

Buying a bank owned property
Pre-viewing and driving multiple properties
Putting tons of offers
Waiting days and weeks on banks answers.
Getting some of the offers accepted.
Opening escrow
Sitting in escrow waiting on HOA and other liens negotiations.
Closing.
Remodelling and updating the properties, making it suitable for renting out
Putting the property for rent,
Finding the right tenant.
Getting cash flow. Finally.
Total time frame could be up to 6 months with all the efforts applied.

Any time you have a client that is using VA financing this form should be signed upfront with the normal contract from the seller and buyer....at the time you are making an offer. Not only is it a protection for your buyer, but many lenders will require it to be executed prior to documents being drawn. It saves time in the end to get it signed up front.

I've just closed a couple of VA loans and we had delays because of new addendum.

Here is it:

It is expressly agreed that notwithstanding any other provisions of this contract the purchaser shall not incur any penalty by forfeiture of earnest money or otherwise or be obligated to complete the purchase of the property herein, if the contract purchase or the cost exceeds the reasonable value of the property established by the Veterans administration. THe purchaser shall, however, have the priviledge and option of proceeding iwth the consummation of this contract without regard to the amount of the reasonable value established by the Veterans Administration.

The purchase agreement must unclude, or is amended to include the above statement if the purchase agreement was signed by the Veteran/Applicant prior to his receiving notice of the reasonable value of the subject property.

This is my third year with Realty One Group and this is the first time I see the owner of the brokerage.

His interview is published. The full version is available here: http://www.lasvegassun.com/news/2010/apr/16/q-kuba-jewgieniew-ceo-realty-one-group/

I citate some interesting questions:

How did you do as a Realtor?

I did about $30 million in sales my first year. I was working by myself. I had no team and no assistants. I got burned out on that, and that was another reason I wanted to start my own brokerage.

How did you finance it?

With the sales that I did. I had $30 million in sales, and I got some good commissions. I was buying and selling properties at that time around 2004 when the market was hot. It was a combination of the two.

How did you set it up?

For six months to a year, I was researching my competition and understanding what their models were and how to tweak it and if there was room for another player. I gave it a shot.

When I do things, I don't sleep. I wanted to perfect it. After the fourth month, I have been profitable since.

How does work your model work?

We charge a $200 flat fee and another fee of $175 (for a total of $375 per transaction). Ninety to 95 percent of the transactions are $375, and the agent gets to keep the rest, no matter if the commission is $2,000 or $20,000. (Agents also pay a monthly fee of $100 regardless of whether they complete any sales).

Why go your route?

The flat fee is simple. Life is complicated. We have two programs. If you are an experienced agent and know how to do your business, it is 100 percent minus the $375. If you need training, we have a mentorship program. It is one on one with our corporate broker and that is a 70-30 split (with 70 percent going to the agent).

Did that help lure people when you started?

We attracted 100 agents the first two months, and had 300 agents by the end of the year.

How many now in Las Vegas?

A little more than 1,600 and with Arizona, 2,200.