As a licensed real estate Broker and agent here in Las Vegas, I have spent the last six years specializing in finding the best deals for my inventors. To qualify as a “best deal” these properties have to include both an equity position and positive cash flow. I have been personally accelerating by purchse of buy and hold homes here in Las Vegas over the last several months as it is my true belief that we have hit the bottom of the market and that home prices will not go down any further. In fact, because of low inventory, prices have risen steadily since early this year. Prices seem to have bottomed at a low point that was down as much as 75% from highs of about five years ago. I have acquired 10 properties this year for my long term portfolio and have three more under contract at the time of this writing that are due to close within a month.
Through our many methods of acquiring homes: foreclosures, short sales, trustees’ sales, bulk purchases, and distressed properties we are able to acquire homes at a reasonable discount from today’s retail value. After fixing and rehabbing the homes, we then place quality renters in the properties and place them with our in-house property management division at VIP Realty Group. We currently manage over 50 homes and have a full service/full time property manager on site along with several agents that specialize in filling our rental properties. Over the last two years my team has bought and sold (flipped) over 150 homes in the Las Vegas market, making me one of the busiest investors in this market along with being the 7th busiest buyers’ agent in all of Las Vegas last year.
This prelude outlining our business model brings me to our most recent development: If you are looking for a comfortable, guaranteed return of 8%, I have an opportunity for you. As a full time real estate investor with over 30 properties in my personal portfolio, I am no longer able to acquire loans on investment homes through conventional methods (banks/lending institutions). Most of my homes are privately financed by individuals, like you, who are looking for a good return and safety of their investment.
My lenders are always in first position with a deed of trust placed against the home, and we generally have a loan to value ratio of near 75% of the market value of the home. We pay interest of 8% on a monthly or quarterly basis (whichever the investor prefers) with a one year initial loan term that can be extended if both parties are willing. Numerous referrals from satisfied clients are available upon request.
I specialize in the northwest part of town and know my market extremely well. The risk for investors is as close to nonexistent as possible as we insure that we have strong positive cash flow on the home as well as a strong equity position. Since we believe that we are already at the bottom of the market, we are also strongly protected against a downward price drop. In the event that an exit strategy is needed, any of my homes can be easily sold to either an investor looking for a turnkey rental property or an owner occupied buyer that is also looking for a home in great move in condition.
This type of investing is often called “First Trust Deed” investing and puts the investor in a safe position with a guarantee of income each and every month. This type of investing takes all the hassle out for you because our team rents, manages, and handles any rehabs and maintenance of the home at our cost. You sit back and enjoy strong returns on a safe, secured investment. Please contact me directly if you are interested in investing with First Trust Deeds in Las Vegas.
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