Investing In Las Vegas Real Estate - Investment Properties in Las Vegas, Nevada
Investing in Las Vegas real estate can be done in two ways
- Investing in Las Vegas residential investment properties such as Las Vegas, Henderson or North Las Vegas homes, condos and high rise condominiums.
- Investing in Las Vegas commercial investment properties, such as investing in Las Vegas vacant land, industrial properties, retail space or business parks
- What Las Vegas, Henderson and North Las Vegas real estate Investors have to do to get the best deal
Investing in Las Vegas homes, condos, lofts or multifamily
All cash buyers, 1 million dollars or more
We can go directly to the bank or wholesalers in order to get our investors 20% or more discount from current Las Vegas foreclosure or bank owned listings. This is a significant discount which makes it possible to buy average homes in North Las Vegas, Henderson, Unincorporated Clark county and Las Vegas for $40-$60 per square foot.
We have compiled the list of Greater Las Vegas apartment buildings which owe more than $2,000,000 on their condo project and will contact them with a viable buyer.
All cash buyers less than one million dollars
We can still go to the bank or wholesalers, however the discount will not be as much. We can also help our cash buyers to buy from Las Vegas real estate auctions or court house foreclosure auctions.
What Las Vegas, Henderson and North Las Vegas Investors have to do
We treat investors who want to invest in only one home or condominium the same as an owner occupied home or condo buyer. However those who wish to buy at wholesale prices and in bulk, then we have to have all your contact information and PROOF of FUNDS. No Exceptions. The investor has to sign a confidentiality agreement and exclusive buyers contract. Banks and real estate wholesalers in do not answer inquiries unless they are sure that the buyer is viable and will not give a real estate agent many chances to deal with them if they feel that their time is being wasted. We will help investors with a business plan if the bank requires it and some do.
Investing in Las Vegas, Henderson and North Las Vegas commercial real estate
Unless the buyer of a Las Vegas commercial property is an owner user, then the buyer is an investor. Las Vegas commercial real estate has been badly hurt by the current economic troubles and I wrote in a blog post in August 13th, 2008 that Forbes.com doesn't know what they are talking about when they declared;
I was right and whoever listened to Forbes.com lost and invested in Las Vegas commercial properties at that time lost money. Actually Dubai World lost a billion.
As far as Las Vegas vacant land, I don't see a turnaround until the oversupply of homes, condominiums and commercial buildings are depleted.
As for retail properties and office space; again credit troubles have forced many small and large businesses to shut down their doors and high vacancy rates have affected the rental rates which keep going down. This along with credit crush have made selling commercial properties of all kinds very difficult in the current climate. Very good deals, including my own office building can be found now. However caution is the word of the day.
How much lower the prices for commercial real estate in Las Vegas go depends on the success of the current administration economic rescue plan.
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