24th November 2009
You know you've arrived in London when you step out of the "tube" and hear the oft-looped pleasantry over the loud speakers, "Mind the Gap!" The announcement is referring to the gap between the subway platform and the train. In the current Las Vegas rea...
19th November 2009
As of September 2009, the nation's supply of REO homes has begun to shrink, even in foreclosure capital Las Vegas, NV. As investors flood back into distressed markets, we are seeing multiple bid situations for most REO or bank-owned foreclosure propertie...
13th November 2009
As you may know I have been very heavily involved in the Las Vegas real estate market for the last six years, both as a private investor and as a licensed real estate agent. As an agent specializing in undervalued properties, I have sold homes and condos...
12th November 2009
Over the last year, many of my clients have asked me about the feasibility of short sales...both from a seller's perspective, as a way out of an upside down property; and from a buyer's perspective, as a way to acquire properties below market rate. Up un...
17th September 2009
The Las Vegas real estate market has endured an amazing roller coaster ride in the last ten years. Homeowners in the Las Vegas valley saw very modest price appreciationthroughout the 90's and the early part of this decade. In 2003, sales began to pick...
16th September 2009
Over the last five years I have sold a lot of real estate in many different markets nationwide. In 2003, droves of investors came into the Las Vegas market and purchased single family homes and condos. In 2004, the scene repeated itself in the Phoenix ...
17th July 2009
For the last 18 months real estate investors, market analysts and other experts have speculated as to when the long awaited bottom for the beleaguered real estate market would finally arrive. Rather than offering guesses as to how long the down market wou...
04th June 2009
The moment we have all been waiting for...for the past two years...has finally arrived! You will not hear about this on the national news...yet...because the news sources are always well behind when reporting trends. You will hear it from me: a full tim...
19th May 2009
Within the realm of real estate investing, each type of investment (foreclosures, fixers, land, REITs, etc) has its good and bad times to buy. To be a successful investor you need to be able to identify not only which type of investment is the best at any...
05th May 2009
I recently attended the public auction held to sell 20 units in the three MGM Signature towers located just off the Las Vegas strip. The auction was held on April 21st and was attended by about 125 people. All units were sold.
MGM has been forced to cl...
27th April 2009
Donald Trump, billionaire and real estate mogul, echoed what real estate agents have been saying for months in a recent appearance on Good Morning America. "This is a great time to go out and buy a home," he said. "You might even lose your own home and yo...
07th April 2009
"I will tell you how to become wealthy. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful." Warren Buffet
We are currently facing the greatest economic downturn since the Great Depression. Individuals and corporation...
13th March 2009
With much adieu the government announced on Tuesday February 10th that over $75 billion would be spent trying to help as many as 9 million American homeowners avoid foreclosure. This will be accomplished through government sponsored loan modifications and...
18th February 2009
I recently ran across an article (which will appear below) in the Las Vegas Review Journal that discussed the stall in new construction of apartments in the Las Vegas Valley. This lack on new construction is coming on the heels of falling rent prices and ...
30th January 2009
In its January 11th, 2009 issue The New York Times heralded Las Vegas as its "Frugal Destination of the Year," proclaiming that "Las Vegas has been buffeted by the economic crisis, and deals are plentiful along the Strip." According to Dr. R. Keith Scher...
