There is still much standing inventory in the Las Vegas New Construction market. Some builders are bundling up their
standing inventory ~ some as low as 75 cents on the dollar ~ minimums as low as $2-3 million. While that may seem high, the builders are ahead of the curve with pricing. Much of the standing inventory is from fall outs and are highly upgraded.
This is a great alternative for a smaller investor to an REO bundle priced on individual BPO's and more than likely in need of major rehab. Minimums for REO bundles are usually $5-10 million.
Contact us today if you are interested in making a long term investment in the Las Vegas Valley. Rents are rising as the demand increases.
When you work with us, we will:
- Work with a builder to get your bundled properties in areas with low rental absorption rates & vacancies
- Take pictures of each individual property during due diligence period
- Prepare individual rental comparative market analysis for each property
- Direct a conference call with a permitted property manager so you can prepare to have your properties online and ready for rent immediately after close of escrow
Bundled properties sounds like a winning idea. I hope you can sell some and make a bundle.
By the way, thanks for commenting on Our Need to Be Right Hinders Our Growth and Success
Candy & Dan: Standing inventory mostly gone and now we are looking at waiting lists and price increases from a month ago! Amazing, huh?
Sanford Hall: -25 points for you
No spamming or personal attacks allowed on my blog!
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Now do you feel better Sanford :)