Comments on: Back to Las Vegas real estate, current condominiums market report in Las Vegas http://www.lasvegas4us.com/wordpress/2009/06/23/back-to-las-vegas-real-estate-current-condominiums-market-report-in-las-vegas/ Las Vegas real estate blog, including homes, condominiums, high-rise condos, land and commercial real estate, plus Las Vegas real estate news, investment properties and more Fri, 06 May 2011 22:15:29 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: eklein http://www.lasvegas4us.com/wordpress/2009/06/23/back-to-las-vegas-real-estate-current-condominiums-market-report-in-las-vegas/comment-page-1/#comment-240 eklein Sat, 18 Jul 2009 04:28:07 +0000 http://www.lasvegas4us.com/wordpress/?p=419#comment-240 A few questions about condo mortgages as I am looking to purchase one or two sub-$100k units for rental. - Are there local (smaller) Las Vegas banks that are willing to hold onto mortgages for condos for rental purposes if the buyer has excellent credit and a lot of cash in the bank? - Why are typical lenders willing to finance single-family house purchases but not condo purchases? - Have you seen a depreciation in condo rental values similar to the depreciation in condo sale prices? Has there been ANY noticeable depreciation in condo rental values in the past year or two? Thanks in advance. Hoping for a very quick reply. A few questions about condo mortgages as I am looking to purchase one or two sub-$100k units for rental.
- Are there local (smaller) Las Vegas banks that are willing to hold onto mortgages for condos for rental purposes if the buyer has excellent credit and a lot of cash in the bank?

- Why are typical lenders willing to finance single-family house purchases but not condo purchases?

- Have you seen a depreciation in condo rental values similar to the depreciation in condo sale prices? Has there been ANY noticeable depreciation in condo rental values in the past year or two?

Thanks in advance. Hoping for a very quick reply.

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