Rubdata, Both Buyer and Seller in Las Vegas

We are Canadians Investors like to Invest in Las Vegas Nevada in Commercial properties. where we can finance in USA?

Asked by Rubdata, Las Vegas Sat Jul 14, 2012

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Answers

10
Hello, Rubdata.

Here are a few facts on financing here in Ls Vegas:

http://lvpropertysearch.com/las-vegas-financing/las-vegas-ha…

According to our stats, Commercial will be big in the next year or so. However, if you are interested in any Multi Family complexes, we can definitely assist you with those. As of Summer 2012, Cap Rates for Multi-Family units in Las Vegas are closing in on Cap Rates for Single Family units with a straight lease.

http://lvpropertysearch.com/las-vegas-investment-homes/las-v…

We have compiled a list of parcels surveyed directly from our local GLVAR MLS (Single Family Residentials and Multi Family Dwellings). Theses properties are the BEST DEALS we were able to locate for the price and locations.

http://ifindproperties2.fmgateway.com/ifind/investor_search_…

They have already been rated by Equity position, Income potential, Desirability of area, and Condition relative to others.

Let us know if we can help you.

To your success,

LV Property Search
Info@LVPropertySearch.com
(702) 619-6214
1 vote Thank Flag Link Thu Nov 1, 2012
I'd recommend speaking with local lenders.

In essence you'd probably need to show income (and taxes, +) in the U.S. for you or your corporation for several years. You may also try some of your Canadian banks, perhaps a line of credit...
0 votes Thank Flag Link Tue Nov 6, 2012
I can help you. I have several clients from Argentina, Mexico, China, Canada who are currently investing.

Please feel free to contact me by email or telephone.

Respecfully,
John Bonner
Tri-Star Realty, LLC
Tel: 702-582-9255
Email: nvdr1@yahoo.com
0 votes Thank Flag Link Fri Nov 2, 2012
Hi Rubdata,

There are several places that you can get financing here in Las Vegas, Depending on the size of the property you are interested in as well as the type would depend on where I would recommend. If you email me some details on what you and your partners are looking for I can give you some good places to start. Thanks
0 votes Thank Flag Link Thu Nov 1, 2012
Hello, Rubdata...and thanks for your inquiry.

You can get financing from nearly any Canadian lending institution. You should start with the lender who is carrying the note on your primary home. For loans Less than $500k: As of 2/6/12 there is none available. Some clever Canadians have purchased homes as a 2nd home and then made them available for renting. HOWEVER, if you do this within 6 months of purchasing a second home (http://ifindproperties.com/canadians/canadians-2nd-home-faqs.html), your lender could call the note.

"Qualifying for a loan to purchase properties in Las Vegas":

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 won’t be able to get a low interest loan unless you meet these general conditions:

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 “stated income” are way over.

Your credit must be spectacular. Since you are in investor, credit standards a much higher than an owner occupied property.

You can’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 “Second Home” or “Vacation Home” 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 “call the note” on you.

--- Qualifying for a hard money loan to purchase properties in Las Vegas ---

http://lvpropertysearch.com/las-vegas-financing/las-vegas-ha…

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...and they generally don’t play with amateurs.

If you have any further questions regarding making this purchase a success, please feel free to contact us direct. Also, you are welcome to search actual MLS Listing through our website at:

http://lvpropertysearch.com/single-family.html

Or check out our weekly BEST PICKS here:

http://ifindproperties2.fmgateway.com/ifind/investor_search_…

I hope this information helps,

LV Property Search
Info@LVPropertySearch.com
(702) 619-6214
0 votes Thank Flag Link Tue Oct 23, 2012
I do commercial & have an arrangement with a commercial bank. I have already done deals for Canadians with this bank so if you are coming to Las Vegas, please call & arrange for some time together & I will introduce you to the right people. What kind of commercial are you intertested in?
Ron
702-203-9645
0 votes Thank Flag Link Sat Jul 14, 2012
Gods afternoon guys!!!

I am a commercial agent in the las Vegas area. I am working with some other Canadian investors currently purchasing multifamily properties in las Vegas. I work with several lenders that offer all types of commercial loans. Contact me any time!!

Jordan Coache
Re/Max Heritage
702-523-9041
Jordancoache@gmail.com
0 votes Thank Flag Link Sat Jul 14, 2012
There are many different options for financing commercial properties for Canadians. I can send you a list of commecial lenders that specialize in foreign investors. Please call 702-278-7778 if you have any questions about the state of the commericial market in the Las Vegas area.

What type of commercial property are you intersted in M-1, Retail, Office or vacant land? All have different financing guidelines.

Larry DeCoursey
RE/MAX Advantage
702-304-9800
0 votes Thank Flag Link Sat Jul 14, 2012
Please contact us as soon as possible-
We have a commercial division that can assist you in your needs-

And a lender who can get you started-

Paul May
Text, call or email-
702-491-9601

paulmay@mayteamlv.com
0 votes Thank Flag Link Sat Jul 14, 2012
Contact me and I will put in in contact with a couple different options.

Billy Alt
Wynn Realty Group
702-250-1090
0 votes Thank Flag Link Sat Jul 14, 2012
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