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General Area in Las Vegas : Real Estate Advice

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  • Local Info243
  • Home Buying1K
  • Home Selling170
  • Market Conditions78

Activity 111
Wed Aug 22, 2012
Michael Parks answered:
As of a couple years ago the Clark County School District converted back to a 9 month schedule, so they should all be on the same schedule at this point. Here's a link to search for what school they will be assigned to by entering your address. They re-zone a lot of school districts out here, so it's good to check every school year: http://www.lasvegashousingexperts.com/search-mls-homes/clark-county-school-district-zoning/


Michael Parks
Broker (CDPE, CSP)
http://www.LasVegasHousingExperts.com
702-818-1700
... more
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Mon Jul 9, 2012
Alison Hillman answered:
Check out www.branchout.com the largest professional network on Facebook to start your job search on the largest job board on Facebook.
0 votes 2 answers Share Flag
Mon Jun 25, 2012
Lucy Pinon answered:
Las Vegas is a 24 hour town. And, it is very multicultural. There is a good chance your neighbors will work, and live different hours than you do. They may speak a different language than you do.

But, on the positive side. Las Vegans are open minded to new comers. You will find people are not judgemental. Live and let live, seems to be the attitude here.
... more
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Sun May 13, 2012
David Cooper answered:
Barbara. I would put my concerns about water shortage on the same level as living in Los Angeles and worrying about an earthquake. The people who live in Las Vegas do not make "water shortage" a top priority.


David Cooper
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0 votes 3 answers Share Flag
Wed May 9, 2012
Dan Tabit answered:
BillandBob,
Have your mail sent to a post office box, use the address as little as possible online.
0 votes 3 answers Share Flag
Fri May 4, 2012
Mark Fleysher answered:
If you are unemployed, No.

If you haven't been unemployed for long, go get a new job and continue your income, and if your property has 0+ equity and a continually good credit history, you may qualify soon.

Speak to a lender to confirm:

Matt Hennessy 
Certified Mortgage Planner
Evergreen Home Loans
www.HennessyFinancial.com
Direct  (702) 810-1522
... more
0 votes 8 answers Share Flag
Mon Apr 30, 2012
Matthew D'Ercole answered:
We currently have 350 properties available and I'm sure many would work great for you. Please email or call us and we'll send you some that meet your critieria and we'll take you on a tour. Feel free to use our web site to see current listings. Thanks, Kim and Matt

Matthew D’Ercole
One Source Realty and Management
Cell - 702.501.0973
Website - http://matthewsellslasvegas.las.mlxchange.com
... more
0 votes 10 answers Share Flag
Sun Apr 29, 2012
David Cooper answered:
I think that appraiser saved you a whole lot of grief. Something wasn't disclosed in a 41 year old house that sold in 2010 for $60,000 Year built: 1971

3516 Algonquin Dr
Las Vegas, NV 89169
For Sale:$110,000
$408/mo
Beds: 3
Baths: 2
Sqft: 1,752
Lot: 7,841 sq ft / 0.18 acres
Type: Single Family

Year built: 1971
... more
0 votes 15 answers Share Flag
Fri Apr 20, 2012
Steve Matthews answered:
Hello 711711,

Perhaps the real question should be: "Is there a way to put a silver lining into this dark cloud?"

At best, all that happens from the Owner of the property quit claiming the property to you is that you delay the inevitable. The lender is going to foreclose on the home (regardless of the status of a tax or sewer lien)...of that you can be sure. It is only a matter of time. In fact, if they haven't already, the Lender will be paying those liens in order to protect their interest in the property. When that (Foreclosure) happens, the property will be listed and in all likelihood, because of the market we are experiencing right now, will get into a bidding war and sell above market to a cash buyer.

So, how do you turn this into a good situation for both you and the current owner? Your best bet is to persuade the Owner to enter into an agreement with you and cooperate in a short sale. It is to their advantage as well, for the following reasons:

1) Historically, the Lender will net more under s short sale than with a foreclosure. This means a lower deficiency to the current owner, which means (if they have not lived in the home for 2 of the past 5 years), a lower tax bill to the current owner. The IRS sees this as forgiveness of debt and therefore an income event to the owner. Additionally, a lower deficiency means less for the Bank to pursue. More on that in a moment.
2) If this home was used as the primary residence by the current owner in recent past, they may be eligible for a small cash incentive from the bank to complete the short sale. Although it is rare, I have heard of this for investment properties as well.
3) When the Bank forecloses on the home, there will be a very large deficiency, which in the Sate of Nevada the Bank will have the right to pursue against the Owner. We are now successful in most all cases at getting the bank to waive that deficiency altogether. This means no collection agent coming after them in the future.
4) Their credit is hurt less, and recovers faster under a short Sale as apposed to a Foreclosure.
5) The obvious advantage to you is that you will be that at the end of the day the new owner of the property.

Successfully negotiating a short sale requires a certain amount of finesse and tenacity. An agent with relationships is helpful as well.

As for the question of paying the paying back taxes and sewer liens, there is absolutely no benefit to you either now or in the future to do so, so I would not pay those.

If I can help, or answer any questions for you, please don't hesitate to call or email me.

Best of Luck, and thanks for reading.

Steve Matthews
Prudential Americana
702-491-4663
Steve@REOVegas.com
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0 votes 5 answers Share Flag
Wed Apr 4, 2012
Donna Hodge answered:
For that to work the flue would have to be open. In the Las Vegas Valley, If you were living in a house with the fireplace flue open, you'd be pumping expensive air-conditioned air out of the house. That may work in some climates, but not in our area. Perhaps at night it might work, but why not just open a window? The only way to get that temperature inside high enough for a kind of natural convection to work would be to turn off the AC, then hope for cooler temperatures after 9 or 10 pm. Not a pleasant prospect. ... more
0 votes 3 answers Share Flag
Tue Apr 3, 2012
Wendi Williams answered:
Hi, Ledgergirl.

Although I see your intentions, many investors have come to the reality that it is NEVER....EVER....a good idea to mix the two. Our recommendation is that you decide whether you want to purchase the home as an investment, OR as a home for yourself. With the unpredictability of our market here in Las Vegas and throughout the country, you should strive to maximize the money you place into Real Estate.

Here are a few tips:

Investors who “swing for the fence” rarely make a home run or end up making a run home. Reasonable returns will make consistent income for solid investors. Your real estate activities should be treated as a business in order to reach your goals. A business plan identifies objectives and determines a viable course of action. A business plan also allows investors to visualize the large picture, which helps maintain focus on the goals rather than on any minor setback. Real estate investing can be challenging and demanding, and a solid plan can keep investors organized and on task.

The more you understand a particular market, the more qualified you will be to make sound business decisions. Understanding current trends, including any changes in rents, mortgage rates and the unemployment rate, to name a few, enables good real estate investors to plan for the future. Being familiar with specific markets allows investors to predict when trends are going to change, creating potentially beneficial opportunities for the prepared investor.

It is important to stay up to date with the laws, regulations, terminology and trends in real estate. Keeping current requires additional work, but it will pay off in the long run. It is also wise to continue learning different areas of technology that pertain to real estate. New web sites are created every day to make it easier for investors to make better decisions.

Your group of specialists can be comprised of well-chosen mentors, business partners, CPAs, real estate agents, property managers and dozens of trades that support your real estate business. The costs associated with learning how to do a task is huge compared to the savings a professional can provide. Real estate investing is complicated and requires a great deal of expertise to engage profitably in the business. Most agents that specialize in real estate investments bring all these people to the table.

Contact us anytime for more specialized information,

Info@LVPropertySearch.com
... more
0 votes 11 answers Share Flag
Sun Apr 1, 2012
Nakia Woodson answered:
Hello,

I can find residential rentals for you. I can be reached at 702-318-1244 or NakiaWoodson@yahoo.com.

Thanks,

Nakia Woodson
Wardley Real Estate
0 votes 3 answers Share Flag
Sun Mar 25, 2012
Tamra Trainer answered:
There is Sky, Allure, Turnberry Towers (Highrises) or Mid-rises like Soho Lofts, Newport Lofts, The Ogden and then you have South Strip like Loft 5 which a lot of people seem to like for the low prices they offer and great amenities. Contact me for more info Tamra Trainer (702) 858-1777 ... more
0 votes 8 answers Share Flag
Thu Mar 15, 2012
Michael Coxen answered:
I agree that 89144 as well as 89135 are the most affluent areas to live on the westside. Take a look at Red Rock Country Club, The Ridges, and The Vineyards. If you're looking for a penthouse or luxury condo on the westside, look at Queensridge Towers.

I live in the area and would be happy to learn more about your needs.

All the best,
Michael Coxen
(702) 339-8891
... more
1 vote 6 answers Share Flag
Tue Feb 21, 2012
Ivana Alexander answered:
You can not really find out the best answer by reading all the answers here. Call one of the realtors and discuss personally or on the phone. Then visit different areas with your chosen realtor and find your answer.
Good Luck!
Ivana
... more
0 votes 7 answers Share Flag
Mon Oct 10, 2011
Renee Burrows answered:
Homes are selling very quickly in Las Vegas and we barely have any inventory. Buyers are here and defnitely motivated more by price than incentive or terms. They just want a house. They are willing to pay their own moving costs. ... more
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Tue Sep 13, 2011
Brian Rayl answered:
Hi Newinvestor,

If you would consider the Dallas, Texas area, we have a ton of homes that can reap 10-15% or more return on investment annually. Using a property manager, you do very little and get paid the rent every month.

Contact me for more information.

It's more than real estate. It's RAYL-Estate!

Brian Rayl
Keller Williams Elite - Dallas, TX
972-949-4222
Brian@Rayl-Estate.com
http://BrianRayl.com
... more
0 votes 18 answers Share Flag
Mon Aug 22, 2011
David Cooper answered:
School is starting. Have you found a decent house to rent?


David Cooper Foreclosure Specialist with 35 Years Investing Experience. Receive a FREE List Faily of Low-Priced, Bargain Homes in Good Areas with Greta Cash Flow..GO TO website or Call +1-702-499-7037 ... more
0 votes 18 answers Share Flag
Fri Apr 15, 2011
Jack LeVine answered:
There's another side of Las Vegas that you should explore. The Historic Neighborhoods and Urban lifestye is totally different than what you're going to find in the cookie cutter world of suburbia.

I specialize in the the 1950's and 60's neighborhoods and the architectural style known as "Mid-Century Modern". If you've ever seen a magazine called Atomic Ranch, you'll know what I'm talking about.

I'm the only agent in Las Vegas who exlusively specializes in Mid-Mod, vintage/historic neighborhoods and the Urban Las Vegas lifestyle.

There's many gated and guard gated communities, and all of them are minutes from the strip, downtown the airport. The homes are unique and one of a kind. You won't find a cookie cutter home, but you will find enormous old growth trees, huge lots, and individuality.

Yes, it's a secret that we try to keep from the masses, but I couldn't help sharing it with you.

Jack LeVine - Bella Vegas Homes
702-378-7055
jack@unclejack.com
... more
0 votes 11 answers Share Flag
Mon Mar 28, 2011
Bill Eckler answered:
One bedroom units are an indicator of part time residency...when the market went south, many of these owners found it easier to walk away from thes properties than one that was their principle residence. ... more
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