Las Vegas Real Estate / REO Blog

With the not so sudden downturn in the real estate market, I've found more and more that when I sit down with prospective home buyers that more and more of them start talking about how they want a great deal. I then must ask the question, "Do you want a great deal, or the right home and the right...

Myself and one of my two partners are highly focused on the short sale market here in Las Vegas. The other is working REO's full time. We started out by going to a lot of different classes, some free and some for pay, that educated us on the proper way to work short sales. Through a lot of trail ...

Become a Productivity Warrior - and a Market Maker. Know that there is enough business in any market for you to achieve your goals. Become the local "Real Estate Economist of Choice." AND, do the following 12 things:1. Focus on seller pricing strategies2. Master Staging3. Learn and use creative f...

Mortgage Forgiveness Act Signed into LawYesterday, President Bush signed H.R. 3648, The Mortgage Forgiveness Act of 2007, into law, sparing homeowners the tax burden associated with canceled mortgage debt.Prior to this action, forgiven mortgage debt due to foreclosure, short sale, or deed in lieu...

What's your exit strategy? This is a question that was once asked to me and that I now like to ask to other people, real estate agents especially. What I found interesting is that most people don't have and exit strategy. For example, I was speaking to an agent that was sitting in our lobby waiti...

My partner and I have entered the arena of bulk REO ( Real Estate Owned / Foreclosures ), NPN ( Non Performing Notes ), and MTN ( Medium Term Note )purchasing. It's been interested to say the least. My business partner has actually been working to put a deal together for over six months. Everybod...

So, do rental caps help or hurt neighborhood values? Here's the scenario. You're an investor and there's a home for sale in a neighborhood that you'd love to own a property in. It's an REO property, 22% below market value, it's clean and you feel that it's a great buy. You go to buy the property ...

Think you've heard enough from the media on the real estate market in Vegas? Who is better at telling the truth about the real estate business other than the people in the business? What does the media know? Only stories that sell news; true or not.Take a look below at the job projection in the n...

With the recent advent of local Las Vegas real estate companies either shutting down, consolidating or filing for bankruptcy, one has to ask why is the become more common, and are all local real estate companies having similar financial crunches? First Century 21 Aadvantage Gold, filed for bankru...

Here's a little tidbit of information for you to be knowledgeable of. If you go into contract on a new construction home and during the building period, the builder lowers the price on your model home, you can go back to builder and request that they honor the lower price on your home that you ha...