Deals in Las Vegas, Nashville, Phoenix

There will be deals in disaster areas such as flooded Nashville, housing boomed Las Vegas. Keep your head on, however.

There are deals for savvy real estate investors in Las Vegas and Nashville.

Disasters tend to weed out the settlers who want to leave town and start over somewhere else.  I have seen that first hand in Nashville.  Get on Craig’s List and look at the huge discounts in some properties that were flooded and most likely, will never flood again.  (Shhh)

These investments are not for the faint of heart.  There’s a lot of work to be done and the new EPA guidelines about lead paint removal are kicking in.  Some folks without dry drywall are throwing in the towel, literally.

Will some of those properties always be cursed?  Hard to tell.  Others can not get a building permit to rebuild,  so beware.  But there are opportunities.

Las Vegas and Phoenix, on the other hand will probably have another dip on prices coming very soon, according to the Bloomberg news.

Sales are down since the tax credit ended, which means there will be more inventory to move.  That’s inventory left over from the last housing bubble.

Read about sales plunge from bubble market- Bloomberg News

More from the Web

2010 Nashville Flood Aftermath

Trash video-2010-05-11-17-29-01.3gpNashvilleTwilight’s Kristen Stewart Trailer Trash Pictures: ‘Flaunt’-ing …Blairstown plant turns trash into.

Publish Date: 05/28/2010 18:32

http://www.nashvilleflood.net/2010-nashville-flood-aftermath.php

Increase In Bank Foreclosure Listings Attract Homebuyers

In the counties of San Bernardino and Riverside, selling prices of properties in Bank Foreclosure Listings were comparable to values back in the year 2000. On the other hand, Las Vegas and South Florida’s foreclosed home prices were …

Publish Date: 05/29/2010 9:36

http://www.lendersindex.com/foreclosure/increase-in-bank-foreclosure-listings-attract-homebuyers/

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Census Workers Can Enter Your Properties?

Did I hear that right? A census worker can enter your property with or without permission?

Can census workers enter your properties, with or without the tenant’s permission?

Yes, according to Bob  Barr or the Barr Code.

Here’s  the quote…

“What many Americans don’t realize, is that census workers — from the head of the Bureau and the Secretary of Commerce (its parent agency) down to the lowliest and newest Census employee — are empowered under federal law to actually demand access to any apartment or any other type of home or room that is rented out, in order to count persons in the abode and for “the collection of statistics.”

He goes on to say we landlords could be fined $500 if we don’t cooperate.

This is wild, and I think all landlords need to be aware of it.

However, I have been dealing with one of the nicest, most considerate census takers.  She called several times politely during the Nashville flood and we became phone friends.  If most census takers are like her, this will not be a problem.

Read Census workers can enter your apartment

More from the Internet

More Than 100 Census Takers Have Been Assaulted Or Attacked This Month

More than 113 census takers have been the victims of assaults or attacks this month, the US Census Bureau said late Wednesday. In response to inquiries by Rep. Carolyn Maloney (DN.Y.), Census Director Robert Groves said the bureau’s …

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Top 8 Weirdest Houses

Here’s Popular Mechanics’ list of the strangest houses. It’s fun and I hate to admit I actually like some of them.

 

Here is Popular Mechanics’ list of the 8 weirdest houses.  Actually, the list is 18 long, but the mag is giving us a tantalizing glimpse of some of the most interesting ones online.

They range from a sphere shaped tree house to the Gaudi-like Nautilus House, which is kind of whimsical.

My most fav is the Steel House, which is on a high bluff in Texas.  Not sure how tornado resistant it will be since it’s balancing on four skinny legs, but maybe that’s just me.

See Popular Mechanics’ 8 Weirdest Houses Continue reading “Top 8 Weirdest Houses”

Home Foreclosures: Are They Really Down?

Are home foreclosures really down, or is the Realty Trac report exaggerated? If the report is correct, have we finally turned the corner?

This house, where Huntington lived, was built ...
Image via Wikipedia

Are home foreclosures really down, or is the Realty Trac report exaggerated?

Realty Trac’s report is saying foreclosure fillings went down 2% in April 2010 from April 2009.

Nevada is still the highest.  This is their 40th month.  Not surprisingly, Arizona and Florida are next highest for foreclosures.

There could be several reasons for this, is we can really believe this report. One reason for the possible decline is that lenders are being more responsible with loans.  They’re not lending to high risk borrowers like they were in 2006.

Read USA Today’s Foreclosure Decline Report

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California Foreclosures Made up 38 Percent of Home Resales

Sales of California foreclosures accounted for 38 percent of all home resales in April. A total of 37481 pre-owned housing units and new homes were sold in April, an increase of 0.5 percent from March total sales.

The Real Estate Wonk: Foreclosures and short sales in the …

Foreclosures were significantly more popular among buyers than short sales, which isn’t surprising given the uncertainty about how long banks will take to respond to short-sale offers. (The “short” in “short sale” refers to selling for …

Real Estate Investing: Risks Vs Rewards

Real estate investing must be protected by a good reputation. Find out what happens when it’s not.

Real estate investing has its risks and rewards, we all know that.  We wouldn’t be doing it if we didn’t believe it can create a much better life for us instead of the rat race of working for someone else.

Bigger Pockets as an excellent post about what those risks and rewards really are and it’s kind of shocking.

Writer John Fedro goes into detail about why building a reputation is so vital for your career in real estate.

He also gives real life examples of some “straw buyers”  in the Tampa market  who got caught and their credit was ruined.

Read Bigger Pockets’ post about real estate investing

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