Vincent Calabrese's Blog – May 2011 Archive (3)
Cash is King in Las Vegas
Interesting stats for Las Vegas.
In March 4,328 properties were purchased. 3,368 of those were cash deals. That is 78%. In April 4,423 properties were purchased. 3,006 were cash deals, another 68%. These numbers include SFR, Condo, Town House, Auction, Short Sale, Full Sale and REO.
Added by Vincent Calabrese on May 25, 2011 at 5:19pm — No Comments
A Warning About the IRS and buying Auction Properties.
As you know, when an IRS Lien is recorded against the owner you have to hold the property for 120 days before we can insure a subsequent transaction, and you can flip it. Alternatively, we can request a Waiver of Right of Redemption from the IRS. In this situation, the investor requested that we pursue the Waiver and then proceeded to market the… Continue
Added by Vincent Calabrese on May 19, 2011 at 7:19pm — No Comments
This is not Vegas
I have started a side project to tell the story of Las Vegas.
It is not all glitz, casinos, and the strip. There is a real community here and we have done a horrible job telling that story. I am going to show why Las Vegas and Southern Nevada is a great place to live, work, play, and do business.
This is going to take a lot of work, but I will get it done. Stay tuned. In the mean time, check out the video I made.
…
ContinueAdded by Vincent Calabrese on May 4, 2011 at 1:33am — 2 Comments
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