All Forum Posts by: Andy Chu

Netco title company is extremely investor friendly. Contact Danielle McGraw at 702-434-1417

Sounds like fun! I'll be there.

Thanks for the heads up @J. Martin

@Ramon Jenkins I left you a voicemail as you seem to know a lot about the area.

I've been a broker in the Vegas market for a while, but I'm feeling that my area is a little too hyped right now. I was looking for possibly a Realtor or some advice on which areas to consider (zip codes), what is a realistic cap rate, and property managements fees.

Corey is requesting an interest free loan for 5 years.

@Corey Diethorn if you were the seller, why wouldn't u just rent out the property and make more money as the rent that's collected doesn't go towards principal for the seller?

I just had another SS cancel in Huntington because the new BPO came in and now they want $110 a sq ft for a property that needs 5-7K in repairs. Let's see if FREO wants this property, (I seriously doubt it).

The supply of inventory is actually down from December and we are about stagnant with supply moving slight down for the week currently at 5,871 units (ER, SFR, NO SS) . Las Vegas Metro sold 1,643 properties in the last 30 days which puts us at an absorption rate of ~107 days.

We've had a significant number of buyers walk through our office in the last couple of weeks and some of my listings that were sitting are now getting multiple offers. I'm with @Phillip Dwyer on this one. It looks like summer could easily bring 15-20% increases from current median value.

I just went to HUDhomestore and sift through all the properties that reduced price. HUD just removed their appraised value feature off their website. Did anyone else notice it?