Las Vegas Real Estate News
One in every 133 homes in the Las Vegas area was hit with at least one foreclosure filing from January through June, down 10.1 percent from the same period in 2015. Activity also slowed nationally, and overall, Las Vegas’ foreclosure rate was 11th highest among large metro areas.Single Family Prices Continue to Climb
Commercial Loans In Trouble
Commercial real estate is still hungover from the recession. Now is the time to purchase commercial retail.
Lease/Options (Channel 22 Video)
We have made a few policy changes on our lease/options.
- Notices – Tenants will be required to notify owners 90 days before their option to purchase expires. New lending laws are wreaking havoc on the escrow process. Typical escrows now take about 50 days. Rediculous.
- Background Checks – We are now doing “soft checks” on prospective tenants. Tenants who have eviction history or tenants who are flagged will not be allowed to do a lease/option.
Here is the top 10 properties you should consider purchasing for lease/options.
Property Management Info
Grace Imhoff – Has joined Limestone Investments as a property manager. She was a transaction coordinator for Keller Williams and has years of property management experience.
Silvia Mendoza – Has joined Limestone Investments as a property manager. She speaks Spanish!!! You have no idea how hard it was to find and recruit a licensed property manager who speaks Spanish and willing to leave their existing brokerage.
Web Site – Server Change – We are still having issues with our data base. Investors who use their status link need new ones. If you need an updated status link, please ask your agent / property manager.
Popular Links
Recent squatter removal video.
Evictions and how they work