No one in our industry could have predicted that Las Vegas Real Estate would have dropped by about 30% during calendar 2008! Is our market still a bit unstable? Absolutely! But, we think 2009 is going to be a year of transition and we think as investors and prospective homeowners look at our local market they need to “think local” and ignore what much of the national media is saying about…
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Monthly Archives: January 2009
Las Vegas Real Estate Investment Strategy
Many people believe that owning rental properties or fixing up homes is the only and best way to make money in real estate. In actuality, there are more than ten ways to make money on Las Vegas Real Estate.
- Hold rental property for long term appreciation and/or a positive monthly cash flow.
- Buy distressed property and rehab it for rental or sale.
- New construction speculative flipping (not too good in existing market). Meaning,…
Las Vegas Real Estate Getting Stimulus
Like everyone around the US and across the world today, there is a great optimism about the incoming Obama administration. Many feel that any kind of change will be a good thing, forgetting one’s political persuasion.
We believe the country’s housing crisis has been at the epicenter of our economic maelstrom. The good news is the Federal Government seems to be waking up to this realization as well and are preparing…