Las Vegas Real Estate News 

Construction spurt creates labor shortage

Residential and some sectors of the nonresidential construction markets have been heating up over the last several quarters in the Las Vegas Valley, leading to a greater need for qualified workers. But some local firms and homebuilders are reporting a dry spell in available workers needed to fill some of the new positions.

Hard Money Opportunity

We have a home owner who needs to refinance $88k on a home worth approximately $178k. This owner completed a 5 year term with my first investor and is looking for another 5 year balloon at 10%. She paid on time and is very low risk but my investor wants to cash out.

This week’s SFR recommendations – Virgo (3/2/2) for $140k is a good deal.

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This weeks’ Commercial Recommendation.

Strip Center
Las Vegas, NV
Community Strip Center, 51 parking spaces, Upside potential. 4 leases are one year. 1 one lease is month to month.
Price Reduced:  $850,000
Cap Rate:  7,862 SqFt
Property Type:  Retail “mom & pop”

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