All Forum Posts by: Bill B.

I LOVE LOVE LOVE all the useless posts Jehoha. Pretty much every single post is...

don’t invest there

that’s a bad idea. 

Hey that info doesn’t help the poster but I’m certainly not going to post any useful info...

Maybe you could spend a month trying to help people instead of as a “hit and run troll” see if it doesn’t make you feel better like you’re actually helping people. Or at least try just not posting at all for a month and see if the forums aren’t a better place. 

Always. Email or visit vegas. Burgers or pizza. 

yes. Sorry. I could have included the month over month numbers as well. 

Plus 1%, plus 0.5% and minus 28% month over month, respectively. 

Good numbers for a “slow month” with school starting in August, earlier in Nevada than many states. 

Las Vegas August numbers are out. Median sales prices up 17.5% year over year.  IMHO, a Better number, price per SF, (ignores a bunch of cheap or expensive houses being sold.) up 18.5% year over year. Days on market down 40%.

August numbers are out. Median sales prices up 17.5% yoy. IMHO, a Better number, price per sf, up 18.5% yoy. Days on market down 40%. 

@Terry Lao

Hey terry, thought subway was a wired exampl from you? Are they still building new ones in California? We’re actually seeing them close up here in Vegas. Sometimes I think it’s becuase people are eating elsewhere (even another close subway.) sometimes the whole mall is empty except that last coupe, hold outs.  Maybe you can pick up an existing one cheap that an owner is tired of?

Still gotta be brave. Unless things have changed, when we opened computer renaissance stores we were personally on the hook for the lease even as a franchisee. @$7500/mo that was a risk I wouldn’t take again. I’d rather own the mall. The restaurant business seem so fickle. 

If I was forced to own/start a business I would think of some kind of truck based business. Plumber, AC/furnace, electrician, pool guy?

I’ll give you my “million $ idea” I came up with 20 years ago and still haven’t put in to practice. Buy a mall, even a small mall, and subdivide each store and sell the stores to the shop owners. Run it like an Hoa with a Managment service. You can sell it to them as...It will be cheaper for them than rent and if they ever close up they have something of value. We closed stores after 15 years and paid to turn them back in to vanilla shells. $1.3million in rent could have been payments towards a store front, something to rent out or sell. 

Figure out how much they would have to raise the monthly fee to go from negative cash flow to positive cash flow and then to be safe I would double that amount and assume the Hoa fee will go up that month. 

If current Hoa fee plus double the increase monthly Hoa fee is a number you can live with, go for it. Remember that Hoa is is for the rest of your ownership and part of any sale to a future buyer. Almost worse than taxes.  

@Russell Brazil

What Russel said.  Especially the smaller the area you look at the more effect a few really expensive or really cheap sales can have on the median. You look at the wrong zip code in Vegas where somebody just bought 4 tears downs next to the hospital and you’ll see the median house price dropped from $200k to $70k that month. Of course there might have only been 8 sales in that zip code last month. 

Depends on the area. In MN it’s common to test for radon. in Nevada it’s never done. It comes from different soil types like grainier so it’s more common in certain areas. The dangers were really overblown in the 80’s and there was a lot of pushback. 

For $70 I’d have it down if your local realtor/real estate expert says levels above 4 are often found. Make sure it’s a multiple day test. The average “fix” is relatively cheap, sub $2,000.  

@Aaron Hunt

I know you didn’t mean zero legit PMs deal with fourplexes. But just Incase you haven’t found any...

I’ve only dealt with key property management in Henderson. But they said they do plenty of fourplexes and would love to do any I buy. Just In case the only reason you haven’t bought a fourplex is you can’t find PM. If you’re looking at buying one give them a chance. They’ve been great. 

I doubt they’re the only “legit PM” that deals with fourpkexes. But maybe you haven’t dealt with a legit one before, or at least a legit one in Vegas.