Real Estate Investing in Las Vegas Returns to Historic Trend

Real estate investing in Las Vegas is back on the historic trend lines according to the latest market data to be released by title companies. This is both good and bad news.

What this means is that real estate prices for single family homes in Las Vegas, which shot up disproportionately for three years beginning in 2004 and peaking in 2007, have now returned to the trend line that they always “should” have followed.

This may be bad news for some homeowners who purchased during the 2004-2007 price boom and were hoping for a speedy market recovery to recoup their recent losses. Instead, what will most likely occur, is a slow, but steady rise of real estate prices here in the Las Vegas valley that mirrors the average national appreciation rate of approximately 5.4% annually over the past five decades. At that rate, many of these distressed Las Vegas homeowners may have to wait 10 or more years to see their properties return to their purchase price.

However, this return to the average trend lines may be good news for new investors flooding to the area to try their hand at real estate investing in Las Vegas. Now that the average trend line has been reached, it seems unlikely that property prices will drop much further. And, because rents have not declined nearly as much as property prices, rental units are cash flowing better than ever in the Las Vegas valley. This creates a perfect investment opportunity where investors can receive monthly positive cash flow on their properties and expect steady, yearly appreciation.

If you are interested in learning more about real estate investing in Las Vegas, please contact Glenn Plantone.

Glenn Plantone
Wynn Realty Group
Office: (702) 656-3264
Mobile: (702) 769-9872
Email: gsplantone@gmail.com

www.viewpointequity.com

New Ways for Las Vegas Mortgage Brokers to Earn Commissions

The credit crunch and economic downturn have affected everyone here in Las Vegas, but perhaps none so much as those looking for financing for a home and those who make their living locating that financing. If you are a Las Vegas based mortgage broker or other finance professional and have had to turn clients away because they cannot meet tightened credit guidelines...we have a solution, for you and for your clients.

We specialize in purchasing quality, newer homes in great neighborhoods. We acquire these properties for well below current market value through bank-owned REO foreclosures, short sales, and trustees’ foreclosure auctions. We fully renovate these homes so they are turn-key and move-in ready. We then offer them to buyers who, like your clients, want to purchase a home but are not quite ready to qualify for traditional funding at this time. We offer lease option contracts of anywhere from 1 to 5 years based on your recommendation of how long it will take your buyer to improve their credit and become eligible for traditional financing.

This is not a theoretical scenario. I am the #4 ranked buyers agent in all of Las Vegas and my team and I have sold over 100 homes and completed over 25 of these lease option placements this year alone!

We have truly been able to create a win-win situation for everyone involved. Your client is able to immediately take advantage of historically low home prices by locking in a purchase price that is 50-60% below values of just a few years ago. By putting down a small deposit of between $3500 and $5000 at the beginning of the lease term (100% of which is credited towards the purchase of the home at the end of the lease period) and receiving a rent credit of between $100 and $300 per month, your client is able to quickly and easily save their down payment while living in their own home.

The best part is that you, as a Las Vegas mortgage professional referring a client into this program, are able to make money three times throughout the transaction. First, we will pay a referral fee of between $1000 and $2000 for every lease option tenant we place into a home. The exact referral amount is based on the amount of the lease option deposit fee we collect. Second, once we place a lease option tenant into a home, we immediately turn around and sell the home to a buy and hold investor as a turn-key investment property. You will be able to work with this investor to obtain financing on the property. (Usually this is via a 25% down investor loan.) Lastly, at the end of the lease term, you are able to put your client into a conventional loan in order to purchase the property.

Don’t turn clients and commissions away any longer! Start earning money on every potential lead. For more information on this wonderful opportunity, please contact Glenn Plantone at Wynn Realty:

Glenn Plantone
Wynn Realty Group
Office: (702) 656-3264
Mobile: (702) 769-9872
Email: gsplantone@gmail.com

www.viewpointequity.com