I think you need to actually read the Responses from your fellow Realtors. Most if not all gave the advice to be very cautious. Even to the point of saying the flipping market was played out months ago. Next time read before you slam other Realtors. At least they post their name and numbers.
I myself am one of the few Certified Own America Certified Realtors in Las Vegas.
Please feel free to contact me with any questions.
I looked thru all these responses and the funny thing is that no one gave you the auction website- This is it- it is not mine- it is the main site that has the information posted each day.
that is the site to use to see all of the properties that come up each day for auction-
there is a subscription fee-
you can also receive a free list from the title company that I use on a regular basis
and please check out the link below-
If you know any buy and hold investors looking for a great return- or you are going to conduct a mixture of buy and hold and flips- then please check out my site below-
Harold Richardson Jr
Wardley Real Estate
If you are serious about flipping in Vegas, you will need to gather a staff that can research the properties that are going up on the courthouse steps at foreclosure. (No title insurance, so you need the staff to research the HOA liens and other underlying liens. Nevada is a super lien state, and the HOA usually have liens on these properties.)
There are about six big players that go every day to the courthouse, and most of the time they are bidding against each other for the one or two properties that are not upside down.
Other than that, your best bet is to hook up with an experienced investor agent and get automated listings sent to you immediately when they go on the market. You should also make a plan with your agent to target specific neighborhoods and send out mailers. I would target neighborhoods that have had a lot of short sales where prices are still depressed relative to the other neighborhoods that have recovered already. You can still get some great bargains on those if you are aggressive AND patient with the process.
You should absolutely get familiar with the market before making any purchases. Here is a web site that is updated daily, and you can set yourself up to get alerts on new properties.
We would happy to answer any questions you might have about the local market and get you in touch with some local contractors that could do work for you on rehabs. If you are going to be doing any volume, we have some top notch agents that specialize in investor properties that can help get you organized.
Hope this helps!
Prudential Americana Group Realtors
The Tonnesen Team - with over 30 years of experience helping families call Las Vegas "home!"
David Schwartz, ABR
Foundation Realty LLC