Cheap Las Vegas condos?

[Account Closed]

I was scanning Zillow today and looked at Vegas out of curiosity. I noticed quite a few sub $130,000 condos in Vegas that met the one percent rule. The suspicious thing is that many of them have been on the market for quite some time. In today’s market, any property that meets the one percent rule, even if it’s D class is gone immediately. It seems strange to me being that Vegas is one of the fastest growing cities in the country. Lots of California money flooding in. Anyone in the Vegas market want to share some insight?

[Phillip Dwyer]

Some condo communities have rental restrictions.  Some are not approved for financing.