I specialize in working with investors. However, there aren't too many homes any more in the $80,000 price range. Those that exist need $30,000 in repairs to make them livable for renting. The $125 price is also difficult. You need to be around the $175 price nowadays to get a home. There are multiple offers on homes even up to the $700's right now. Our market has changed enormously. It went from a buyer's market to a seller's. Get your mortgage in place first and then I would be able to help you. We can't even turn in offers until we have proof of funds or complete prequal for a mortgage. I can refer you to some professionals so that you can get started with the mortgage. Myra Gouger / Realty ONE Group / 702-858-9311 / email@example.com
A Sincere and certified private money lender approved by the GOVERNMENT. I give out international and local loans to all countries in the world. Amount given out $2,500 to $100,000,000 Dollars, Euro and Pounds, available now are Business, Personal, House, Travel and Student Loans. Apply for a loan today with your loan amount and duration.Its Easy and fast to get. 4% interest rates and monthly installment payments.Check out this great offer, Please For more information contact me on firstname.lastname@example.org
I am Reyna and we offer loans at 2% interest rate to Companies, Governments and individuals from $50,000 to $10 Billions. This Company has be existing for the pass 27 years and this Company can deliver within 48 hours without any delay. Contact at email@example.com for more information's
Broker/Owner Xpand Realty and Property Management
Broker, Xpand Realty and Property Management
I have a town home that will be listed next week for $75k. It is a short sale and in excellent condition. The current owners put around $40k in upgrades into the unit. It has 3 bedrooms with an attached garage.
If this is something you may be interested in please email me directly and I will give you more info on the property.
I also have another 3 bedroom home that is in escrow right now with one of our investors that is buying it as a short sale and will be putting it back on the market as soon as it closes. This home will be listed for $100k but this one will have to be a cash offer as you can not get financing on flip properties right away.
If you are interested in this home please let me know also.
Founder of the LVrealestateHELP Team at Rothwell Gornt Companies
I can be reached at firstname.lastname@example.org
I have been in Las vegas since 1971. I have helped many investors over the years and I am always availble to help. I have a great lender that you may want to talk with for back up and so you know exactly where you are. I would be happy to set up a personal property search page for you and send the link. All I need is your criteria. Also my partner is a Licensed realtor and he likes to video properties. When you find a potential property Dave in most cases can do a video walk through and send you the link. I look forward to talking with you.
Inventory levels are very low (under 4800 total properties available in the MLS). This is causing many multiple offers.
So if you are thinking about purchasing, it will be important to find an agent that will work with you on a strategy and will keep you focused. Also, you've got to be patient.
Please call or email me if I can help you in anyway, or answer any questions you may have.
I look forward to hearing from you soon.
SHORT SALE CERTIFIED
Toll Free: 1.800 CALL ZIP x5728
One Source Realty and Property Management
Buyer / Investor Specialists
Cell - 702.501.0973
Website - http://matthewsellslasvegas.las.mlxchange.com
Unless you have obtained a loan in the past 3 years, you will be in for a major surprise. Loan requirements have stiffened a lot! Many investors have flown all the to Las Vegas only to discover their 800 credit rating is worthless. Even if you have a great credit rating and a large pool of assets, you wonâ€™t be able to get a low interest loan unless you meet these general conditions.
You must be a US citizen. Unfortunately, getting a loan from a foreign country is very difficult unless you want a hard money loan.
You must receive a W-2 or have tax returns that show you make money. The days of â€œstated incomeâ€ are way over.
Your credit must be spectacular. Since you are in investor, credit standards a much higher than an owner occupied property.
You canâ€™t be leveraged to your teeth. Lenders will look at your debt obligations and compare that to your net worth.Note: Some folks play the â€œSecond Homeâ€ or â€œVacation Homeâ€ card which gives you better rates than an investor. There is some risk involved because if you get caught, there is a chance the lender will â€œcall the noteâ€ on you.
Qualifying for a hard money loan to purchase properties in Las Vegas
Expect to pay $3k up front and 12% interest. Since you are paying through the nose to get a hard money loan, the conditions are a little looser. Their lending process is still a little vague to me but generally you need to put 40% down, have a large net worth and the property needs to be appraised at or below market. They also quiz you to find out if you have a clue about investing. They generally donâ€™t play with amateurs.
As for a "cash buy"...
Major reasons why you should leverage your money and get a mortgage.
Better returns on cash. You will get better returns on cash if you get a mortgage. The average minimum required to put down is 30%. If you split your money into 3 properties, you will eek out about 50% more on your cash. Rents in Las Vegas support great returns and here are actual case studies showing cash verses loans.
You can hedge against a bad real estate agent. To get a loan, the property must be appraised by your lending institution. If your agent doesnâ€™t do a good job finding you a property at or below market, you can cancel a typical deal as there is usually a contingency for the property to be appraised above the loan amount. Contact me if you want a list of pre-screened agents who wonâ€™t waste your time showing you houses above market.
Cash is NOT king. Many banks want the loans more than they want to unload the property. Even if you are the highest bidder with cash, a bank would rather take a lower offer if they can get the loan. Johnny Lunchbucket with a loan from Bank of America can cut you down if the property is owned by Bank of America. Smart agents will know which properties are owned by which banks. Investors go insane when they discover they lost an offer even though they were the highest bidder. Conversely, if you have a loan with a national lender, you can beat other cash offers.
Hard money loans are not the end of the world. Does anyone remember the days when mortgages were at 14%? Hard money loans are generally at 12% â€“ stiff but not unreasonable. Even if you factor in a 12% loan, you will still get a better return on cash. This page has a list of Las Vegas hard money lenders.
Let us know if we can assist.
I have access to pre-listed homes (bank owned, traditional, & short sales) and have worked with investor clients for the past 12 years. I am tech-savvy, easy to work with and very knowledgeable. I have a low-key approach and would love the opportunity to talk with you about accomplishing your goals.
Give me a call!
Contact me for details.
I got a chuckle out of your stock market comment. Congratulations on your prudent decision to invest in Las Vegas income properties, where yes, the yields are bast on 3/2/2s in the under-$150k range. Several of my 38 Neighborhood Realty agents specialize in investment properties, and we have available inventory inckuding BK Court listings.
Feel free to text me today if you need assistance on Sunday, 702.279.2466.
I help my investor clients find the pre-market and best values in our area; see Top10RealEstateValues.com for a list of hot deals.
You can contact me,
Ashley Thurkow at 702-595-4263 or
Chana Anderson at 702-498-8958
I would be happy to assist you. I can be reached at 702-321-5067 or you can visit my web page at www. Attornyrealtyalliance.com