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Condo loans for investors and links - 10/07/09 11:47 AM
 I speak to a lot of investors who want to enter the condo investment arena. They see the prices and rent equation and think "this is a no brainer." On the surface it makes perfect sense. Buy a condo in Las Vegas with 2 bedrooms, pay $50,000. Put down 20% ($10,000) and have a note for $40,000. The payment on $40,000 is approximately $280/month including taxes and insurance. The HOA is no more than $200/month and your management fee of 10% of rents of $800 is $80/month. Total monthly cashflow using a scenerio like this and not setting aside any reserves … (1 comments)

Your Primary Residence is NOT an Asset - 10/06/09 05:23 PM
 Did I get your attention with that bold statement? Thought so. I figure, this is the first post of many so we might as well define what this blog is all about. Let's leave the confusion at the door. I think part of the problem we're facing right now is that most Americans have no idea what they're doing with their money. We are bombarded daily with images, articles, news reports, blogs, videos, and breaking news feeds with all sorts of mixed messages. My theory is that all these media impressions are purposely designed to be confusing so that you just … (3 comments)

 
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Chris Whittaker

Carlsbad, CA

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Keller Williams Realty Las Vegas & Carlsbad

Address: 6005 Hidden Valley Rd #200, Las Vegas, NV, 89117

Office Phone: (702) 212-2222

Cell Phone: (760) 618-1490

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