Las Vegas Real Estate News
In its midyear report, SalesTraq, the residential research firm of Applied Analysis, said there were 405 resales through the end of June. That puts 2017 on pace to surpass the 717 resales in 2016 and 626 resales in 2015. It tracks 21 high-rise properties in Las Vegas. These cash flow very poorly so we don’t recommend them.
Folks that purchased luxury homes on golf courses are under assault from developers who purchased the golf courses and want to develop them. The lawsuits are abundant. This happens when the golf course goes under and the new owners have a different idea of how to get their money out.
Limestone Investments Liquidating Multi Family Properties
Our investors have unloaded about 26 of our 30 multi family buildings for these 4 reasons:
- They are old and prone to major repairs.
- The prices have increased dramatically and they are taking their gains.
- We are done managing them. All of our lawsuits and brain damage are attributed to these tenants.
- Airbnbs out perform multi family by at least 2 to 1.
Our phone is blowing up on investing and managing SFRs in the short term rental market. It’s so popular, I create a whole page to answer FAQs on Airbnbs. Please read this page first before calling. If you have the guts, we have the process for you.
This weeks’ Commercial Recommendation.
Proven techniques for managing properties. On Sale Now
This book was written to help other property managers and brokers live a comfortable balanced life. While most of the concepts and tips are applicable to folks who want to manage their own properties, the majority of the content is for business owners. This book also applies to small and large operations.