Las Vegas, NV · Member since 2008 · 1 post · 0 votes
Hello, I recently joined this board, and Im reading tons of good info. I just moved to Vegas not long ago, and hear that the housing market is continuing to decrease. I'm only 22 years old, and I'm attending my first seminar in a few days on forclosures. I've heard wholsaling is a good option to start with, but I'm still trying to get rid of some debt and save up a little more. Could anyone who has experience in this particular field give me some useful tips/pointers??? Any input would be much appreciated! Thanks again!
Welcome Jaclyn! I love to see more Vegas people here.
Be sure to go to the groups section and join the Las Vegas Investors Group.
Our local real estate investment club, The Real Estate Insiders Club, meets Wednesday Oct 8th at the Orleans. Networking at 6pm, meeting begins at 7pm. Show up if you can make it and be sure to say hello. Let me know if you need more info, more details can be found in the group section.
Jaclyn, Welcome to BiggerPockets. I don't have any experience in those areas but I'm sure others here will chime in along with Richard with some great ideas.
Welcome to the group. I bet Vegas is full of real estate opportunity. It's one of the areas in the U.S. that I feel is bound to bounce back. It should be a good market for wholesale transactions. I noticed you mentioned that you needed to relieve yourself of some debt. Question: Is some of that debt rent payments? If so, trade if as soon as possible for a mortgage on something with equity left on the table.
I agree with Richard join the Las Vegas Investors Group and start out networking and finding your nitch.
As far as your question with wholesaling I would start out building a buyers list and figure out what will be your acquisition strategy (Shortsale, Preforeclosure, Subject too, REO's) Being able to put the property under contract and pass it off to another buyer as fast as possible is the key.
Best of LUCK... Welcome to bigger Pockets and Las Vegas.