Chris's Blog

Condo loans for investors and links

Chris Whittaker (Keller Williams Realty Las Vegas) — Wed, 07 Oct 2009 11:47:26 -0500

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 for repairs or vacancy is $240/month.

The difficulty unfortunately isn't with the scenerio, it's with the reality of this market and how difficult it is to obtain financing on any condos in our city. Not to mention the competition is so fierce you'll most likely get beaten out by a cash offer anyways. Here's what you need to know about condos in this market.

Conventional loan: No more than 15% of the owners can be delinquent in their HOA Dues and the owner occupancy percentage must be over 60%. No pending litigation and the lender must still approve the complex.

FHA and VA loans: Must be on the FHA approved Condo list (see FHA link below) AND the requirements listed on the approval page must be met. No pending litigation.

Canadians purchasing a condo in Las Vegas: No more than 5% of the owners can be delinquent in their HOA Dues and the owner occupancy percentage must be over 70%. No pending litigation.

IMPORTANT LINKS

FHA http://portal.hud.gov/portal/page?_pageid=73,1&_dad=portal&_schema=PORTAL

FHA Mortgage Limits https://entp.hud.gov/idapp/html/hicostlook.cfm

FHA Approved Condo Look-Up https://entp.hud.gov/idapp/html/condlook.cfm?CFID=1318400&CFTOKEN=9c57314bac1b7ef7-DD1133B5-B1F5-2C90-75FF9D8F2543C965

First-Time Homebuyer Tax Credit http://www.federalhousingtaxcredit.com/2009/index.html

100 Questions and Answers about buying a new home http://www.hud.gov/offices/hsg/sfh/buying/buyhm.cfm

½ Off Homes for teachers, firefighters, EMT's and Cops http://www.hud.gov/offices/hsg/sfh/reo/goodn/gnndabot.cfm

Do I have a Fannie Mae loan? http://loanlookup.fanniemae.com/loanlookup/

Do I have a Freddie Mac loan? https://ww3.freddiemac.com/corporate/

I hope this helps clarify your investment questions.

Your Primary Residence is NOT an Asset

Chris Whittaker (Keller Williams Realty Las Vegas) — Tue, 06 Oct 2009 17:23:14 -0500

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 throw your hands up and say something to the effect of, "Why don't I just give my hard earned money to this financial institution to manage for me because I have no idea what I'm doing?" or even worse, "I can't deal with this mess right now, we'll just start investing later, 5 years from now, or 'someday'." As Tony Robbins says, "The road to someday leads to a town called Nowhere!" Unfortunately, due to the economic crisis we're living in, that town will be filled to capacity and will have a lot of occupants who chased the hottest investment ideas, the next big thing, easy money, quick flip properties, penny stocks and the like. My goal for you would be to take the exit before "nowhere" and live a life of abundance (which doesn't always have to mean financial abundance). Success is the stuff left over when the money runs out.

Here's where we begin. Let's get a few of the basics on the table. If you take a deep breath and open up to the fact that with time and some educated investments, you will retire in style and live a life that's a little less confusing. Start with the title of this post. Your primary residence is NOT an asset. The definition of an asset is something that puts money IN your pocket. By definition, the house you live in does not put money in your pocket, in fact it takes money out of your pocket every month for 15 to 30 years typically. Even if it's paid for, you still have to pay taxes and insurance and possibly a homeowner's association fee. The confusion that we've encountered this past decade is that homeowners have been able to pull money out of their primary residence and use it to buy lavish gifts, vacations, home improvements and other rental property. The problem with this is that over the course of 10 years, the first time homebuyers got used to hearing the stories of these kinds of financial winnings and have come to expect the same. Buyers would constantly rationalize their purchase as an "investment" because it's just supposed to appreciate. Never before was appreciation really the incentive to buying a primary residence. Some markets in this country and other parts of the world would appreciate at alarming rates and owners got very excited about what they could buy with the "equity" in their home. In reality, a home is no different than a car except for the cost and the financing terms. A home is supposed to last 30 years thus a mortgage is typically 30 years, while cars unfortunately tend to last 5-7 years thus financing is the same. A car was always looked at as a bad investment because it went down in value as soon as it was driven off the lot, but a home was looked at differently for some reason. A home was just supposed to go up in value and as soon as that proved not to be true starting around the end of 2006 panic starting setting in. . . (to be continued)

July Las Vegas Market Condition Report

Chris Whittaker (Keller Williams Realty Las Vegas) — Wed, 08 Jul 2009 14:19:17 -0500

HAPPY SUMMER EVERYONE!!

I hope you all had a wonderful 4th of July celebrating another year of freedom. Dana, Carter and I went to San Diego for the weekend to visit family and saw almost an hour of fireworks on the bay. Carter (2 1/2) declared that he "loves firecrackers."

I have the July report for your viewing pleasure. If you'd like me to send it, please e-mail me back. What we're seeing is inventory that's almost as low as our boom years. We now have below 9000 single family homes for sale. Buyers are scrambling to get into a property since prices have become so affordable and rates are still very low. Investors are also competing with these buyers because rents are far exceeding the cost of the property. Bank owned homes still comprise the majority of our sold properties (over 80%), with short sales selling about 10% and non-distressed homes making up the difference.

We're unsure how many homes in Las Vegas are being held by the banks and not yet released to the market. We know they have them because we can monitor how many are in the NOD (notice of default) stage. We're unsure why they wouldn't release them in a steady manor except to generalize and say the more they release the lower the prices. With all the government programs and funding being thrown around, I'm sure there's something going on that's more beneficial to the banks, but there's no consensus on what that is. If you have your theories, I'd love to hear them. It's a dialogue I have almost daily with people.

We do believe that the banks are working more diligently with homeowners who are upside down. This problem seems to be getting worse as layoffs increase and homeowners are frustrated with being underwater 30%-50% in our market. If you or anyone you know is having thoughts but is unsure of what to do, I have a couple of suggestions. We know two lawfirms that have an excellent track record and they will consult with the homeowner. One charges $200 for the initial consultation. The idea is you want advice that benefits you, not the lawyer, loan mod company or real estate agent. Advice that is clear with an action plan that you can feel good about. If you're having trouble sleeping at night because you're worried about your future, give me a call to at least discuss some of your options. You do have options. If you're a buyer or investor and you're sitting on the sideline waiting for the masses to declare NOW is the time, why are you waiting, what sign are you looking for? Investors, if it cash flows, isn't that what you're looking for? Yes, it may drop another 5% or maybe even 10% but at these prices, we think you can make that up by the interest rate you'll be getting if you buy today compared with next year.

Anyways, enjoy your summer with family and friends, and consider me as your real estate advisor in these difficult times.

Inventory update in Las Vegas/ Henderson/ N. Las Vegas

Chris Whittaker (Keller Williams Realty Las Vegas) — Fri, 24 Apr 2009 19:06:42 -0500

I wanted to give you an update on inventory. When things were slow in Las Vegas/Henderson/ N. Las Vegas (Fall of 2007) we had 24,000 condos, townhouses and homes on the market. Our market picked up in the spring of 2008 and we had approximately 22,000 units on the market. We slowed down a little in the fall of 2008 primarily due to the state of the economy and uncertainty with mortgage rates and criteria. During that time our inventory was around 21,500. Right now we have a little over 16,000!! That's a tremendous decline in inventory.

Also, an average month for us up until Feb. of this year has been 2700-4000 contingent or pending units in escrow. Right now we have slightly over 10,000. That just shows you how fantastic our buyer volume is right now. Even if the banks add to the inventory we should be okay, as long as we stay under that 18,000 unit number we'll be healthy and strong as a market.

Did the bank moratorium on foreclosures work? Still too early to tell. Yes, we've seen more properties come on the market since the March 31 lift but the prices of these properties for the most part has been so low, investors are smacking their lips. Lots of cash buyers and investors are in our market right now.

Update and REO presentation

Chris Whittaker (Keller Williams Realty Las Vegas) — Thu, 12 Mar 2009 18:17:28 -0500

2009 is going to be a great year. Reflecting on 2008, there was a lot of transition. This market has changed as many of you know, so I have to be pliable and find what works best for me and for my clients. I've been a licensed real estate agent in Las Vegas since 2000. Over the past 9 years I've worked as a solo agent; Started a top producing team with my wife Dana; Merged with another team at Prudential; Co-founded a real estate brokerage; and was the Broker and Vice President of a real estate investment company with 712 members and a top ranking website.

It's time to get back to basics again and that's why I've recently joined Keller Williams Realty Las Vegas. The leadership and owners create a work environment filled with excitement. Our market has dropped 50% since our boom days. We are now seeing beautiful homes with pools, 4 bedrooms, 3 car garages and granite for $350,000, nice 1600 sq.ft. starter homes for $150,000 and 2 bedroom condos and cashflow properties UNDER $50,000. Now is the time to buy. Call me if you're interested in more information, or if you know anyone who's fallen behind on their payments, I can help as well. I also represent a bank in the sale of their REO's and have an inside track on those properties as well.

Also, This coming Saturday March 14th, we'll be having a presentation at our office on S. Durango (between Desert Inn and Sahara) starting at 9am on how to get offers accepted in this market. This month REO agent Craig Sutton (who was an appraiser for years and really knows his stuff) will be teaching any and all buyers what they need to know to get their bank owned offer accepted. Trust me, if you come to this, it will make your life easier!

At 10 Craig will give us a list of the 5 VERY BEST REO BUYS in our office. Some of these may not even be on the market yet but are great opportunities and you will have first crack at them! We can go from house to house together! I think everyone should be done by noon.

You can bring a friend who has been talking about buying too!

Investor Financing Available Again.

Chris Whittaker (Keller Williams Realty Las Vegas) — Fri, 13 Feb 2009 14:30:26 -0600

After 8 months of tight financing parameters, the noose has loosened. We had plenty of investors that had the downpayment requirements satisfied, but they just couldn't buy because they owned more than four properties. The guidelines are as followed (please bear in mind that I'm a real estate broker, not a lender. Consult with your trusted loan officer about your specific situation).

As of today, you can own more than four properties and still get financing. Your credit cannot show a bankruptcy or foreclosure in the last 7 years. Also, you cannot have any mortgage lates in the last 12 months.

Reserve Requirements: PITIA- Principle, Interest, Taxes, Insurance, Association (HOA fees plus SID/LID)

If you own 1-4 properties- 6 months PITIA reserves for the property you're getting the financing on, plus 2 months PITIA reserves for each other property.

If you own 5-10 properties- 6 months PITIA reserves for the subject property, plus 6 months PITIA reserves for each other property.

It's still a minimum of 20% down (of course), and the Rent Loss Insurance is no longer required.

So financing has become available again! With all the reserve requirements, you do have to have substantial capital to support your properties, but that's good to have anyways. Rates are LOW, investor points may cost a little bit, but prices in most markets have dropped as much as 50% (some parts of CA as much as 70%).

Also, here in Las Vegas, there's a CULINARY workers program (primary residence) that just became available. 100% financing (using a no interest, no payment 2nd mortgage), details are just coming out now.

Multiple Bank-Owned OPEN Houses this Saturday--Get the MAP

Chris Whittaker (Keller Williams Realty Las Vegas) — Fri, 23 Jan 2009 09:26:19 -0600

KELLER WILLIAMS REALTY LAS VEGAS Paints the Town RED (edit/delete)

Multiple Bank-Owned OPEN Houses this Saturday--Get the MAP

KELLER WILLIAMS REALTY LAS VEGAS Paints the Town RED

Event Info

Host:	KWLV
Type:	Party - House Party
Network:	Las Vegas, NV

Time and Place

Date:	Saturday, January 24, 2009
Time:	11:00am - 4:00pm
Location:	Las Vegas and Henderson, NV

Description

SATURDAY, 1/24/09: MULTIPLE Bank-Owned OPEN HOUSES

Open from 11am to 4pm, just look for the Keller Williams Las Vegas RED balloons!

2118 Feather Bush-1066 Otto Ridge Court-5005 Wild Thyme Ave-3832 Pastel Ridge-5865 Obannon Dr-504 Soso-8067 Dark Hollow Pl-6666 Little Owl Place-1621 Shadow Mountain Pl-4459 Wendy Ln-2085 Casa Ladera St-4872 Nara Vista Way #103-8301 Alder Meadows Ave-3226 Birdwatcher Ave, North Las Vegas-9049 Blue Raven Ave-10263 Cantiamo Ct-10469 Concetta Ave-12048 Contorno Vista Ct-4112 Garden Genoa Ave, North Las Vegas-11256 Gibbs Hill Ave-9014 Greek Palace Ave-122 Harbor Coast St-333 Hopedale Ave, North Las Vegas-6484 E Karlsen Ct-10058 Keifer Valley St-532 Landra Ln-2366 Malaga Peak St-8018 Mesquite Ranch St-6047 Mild Wind St-5574 Olympic Spirit Ln-333 Plum Horse Ave, North Las Vegas-3839 Pumpkin Creek St-8768 Redtail Ct-7658 Rising Port Ave-3336 Sonterra Cir-5463 Tender Tulip Ave-5209 Villa Dante Ave-9677 Vista Crest Ave-7609 Zermatt Ave-2837 Holmes-1842 Renada Circle-3728 Blue Dawn Drive-2102 Rustler Ridge-538 Feliz Contado-1519 Pen Hollow-205 Vallejo-4419 Crimson Tide-4917 El Campo Grande

http://maps.google.com/maps?f=d&source=embed&saddr=1066+Otto+Ridge+Court,+Henderson,+89052&daddr=2118+Feather+Bush,+las+vegas,+nv+to:5865+Obannon+Dr,+Las+Vegas+89146+to:8067+Dark+Hollow+Pl,+Las+Vegas,+Nevada+89117+to:504+Soso+las+vegas,+nv+to:1621+Shadow+Mtn,++las+vegas,+nv+to:5005+Wild+Thyme+Ave,+Las+Vegas,+NV+89131+to:6666+Little+Owl+Place+las+vegas,+nv+to:3832+Pastel+Ridge+las+vegas,+nv+to:4459+Wendy+las+vegas,+nv+to:2085+Casa+Ladera+St+las+vegas,+nv&hl=en&geocode=&mra=ls&sll=36.138545,-115.166915&sspn=0.497961,0.878906&ie=UTF8&ll=36.138545,-115.166915&spn=0.388169,0.583649&z=10

Press the restart button

Chris Whittaker (Keller Williams Realty Las Vegas) — Fri, 16 Jan 2009 18:20:50 -0600

I've had some interesting conversations in the past couple of weeks about starting over. I've been a resident of Las Vegas since 1992 and have been in the real estate business since 2000. To say the least, it's been very difficult this past year. The temptation is to start over, but where... doing what...?

These are obvious questions that still go unanswered as the thought has just entered my mind. Is this something you ever think about? Don't get me wrong, I don't mean a start over in all senses of the term (I have a family that I love to death, and I wouldn't change that, I'd just take them with me on this new adventure...). What will it be?

Rumors have been started that there will be a mass outmigration of financial services professionals because the job market in NY and the Northeast has imploded. Where will those people go? Talk about pressing the restart button. I guarantee you, they made no less than $100k a year and now what can they do? How can you afford the taxes on the apt. in NY with no salary, or limited income. I can assure you, stockbrokers don't save money in the bank. They invest, and they take lots of risk. My guess is they're moving to Las Vegas to start over. Why not, what better place? Florida? Probably not. Maybe Phoenix or San Diego. But now's the chance to get out of that 6 degree stuff and move to the desert and start over. Get yours, I'm going to get mine.

Las Vegas tops for Relocation

Chris Whittaker (Keller Williams Realty Las Vegas) — Fri, 16 Jan 2009 18:10:20 -0600

Las Vegas topped the list of places to move to in 2008. According to Relocation.com (copy and paste)http://www.relocation.com/library/moving_guide/2008_moving_survey.html

Las Vegas, 2 bedroom condo for $90.000

Chris Whittaker (Keller Williams Realty Las Vegas) — Thu, 15 Jan 2009 15:33:08 -0600

Unit # 2109 Virtual Tour: ML # 899666 Status: ER Subdivision: FIESTA CONDO Bedrooms: 2 Full Baths: 2 3/4 Baths: 0 Half Baths: 0 #Den/Oth: 0 #Loft: 0 SqFt: 1,019 Year Built: 2000 / Resale PropSubTyp: CON Lot Sqft: 2260 PropDes: Garages: 0 Carports: 1 / Detached Carport Construction: Frame & Stucco Interior Features: Exterior Features: Private Pool/Description: Lot Description: ** GLVAR Deems Information Reliable, But Not Guaranteed ** 01/15/09 01:34 PM Presented by: Christopher Whittaker iRiches Real Estate info@300sold.com Phone: 702-818-1013 Fax: 702-926-9594 8501 W UNIVERSITY AVE $ 90,000 Beautiful condo recently upgraded with granite in the kitchen and both bathroom vanities. New sinks. New kitchen faucet and undermount sink. New light fixtures. Double sided fireplace. Beautiful balcony w/ views. Fridge, washer and dryer stay. Upstairs condo w/ neutral carpet and paint. Not a short sale or REO. Tile in kitchen and bath. Ceiling Fan(s) Balcony N Under 1/4 Acre Directions; From Durango and Flamingo, go South on Durango, east on University, Fiesta condos on your right, enter thru gate, stay left, look for bldg 28 on left, park in open spaces

Happy Holidays! New listing in the Northwest.

Chris Whittaker (Keller Williams Realty Las Vegas) — Wed, 24 Dec 2008 15:54:22 -0600

Happy Christmas Eve. Just wanted to send a listing I just put on the market in the Northwest (95 and Lake Mead). It's a 2 story home with almost 1600 sq.ft. for $152,000. It's bank owned, easy to show and at $95/sq.ft. a fantastic deal in the Northwest part of town. The link to this listing is below my signature. If you or anyone you know is interested or has any questions, feel free to ask. Have a great holiday weekend.

Best regards,

Chris Whittaker
Vice President
Broker of Record
iRiches Real Estate, LLC
Direct: 702.285.1363
Office: 702.818.1013
Fax: 702.926.9594
chris@investmentriches.com
http://www.investmentriches.com/
"Where Real Estate Investing Begins"

04-SFR Brochure (Medium) View

Happy Holidays from Investment Riches

Chris Whittaker (Keller Williams Realty Las Vegas) — Tue, 23 Dec 2008 14:24:00 -0600

Happy Holidays from Investment Riches!

As 2008 draws to a close, we want to take a minute to thank all of you for your business, referrals, support, advice, teamwork, and inventory from around the country. We recognize that this year has been filled with unbelievable economic chaos and we don't know what 2009 will be like. The rules are changing every week it seems. What we do know is the basic concept that real estate is an asset that if bought correctly, and maintained over the long run, will provide an excellent (and reliable) retirement strategy. We don't sell any fancy or creative financing strategies or wishful thinking appreciation plays. We provide investment grade real estate inventory in markets that have proven their strength over time. (Example: We just received a 4-plex outside of Winter Park, CO, built in 1999, for $276,500 that's fully occupied and renting for $3500/month). Our mission is to be part of your investment plan in 2009. Have a very happy holiday and a wonderful new year.

Your executive team at Investment Riches.

Tim Miner

Chris Whittaker

www.InvestmentRiches.com

702.818.1013

chris@investmentriches.com

Cash Cow!!

Chris Whittaker (Keller Williams Realty Las Vegas) — Fri, 12 Dec 2008 12:20:07 -0600

Denver was our number one market in 2008 and is our top pick in 2009. Here's an example of one of the 12 new listings we just received in Denver. All of our other Denver listings are single family rehabbed homes, half of them have tenants in place, some have granite, tile floors, stainless appliances. They are all under $150,000 and cashflow right now. Let me know if you, or anyone you know may be interested in discussing an investment in Denver. P.S.- The majority of our rehabbed listings are in the Fitzsimmons section which is about 20 minutes from the airport and will be the largest biotech facility in the U.S. (larger than the Raleigh-Durham research triangle in NC). At least 15,000 jobs will be created by 2010 and 30,000 if the VA builds their facility. See the listing below and call me with questions. Chris Whittaker 702.285.1363

November 12, 2008

20% down = $1,000 a month cash flow!! 5 min. From Fitzsimmons hospital

Cash Cow!!
Aurora/Denver, CO 80011
Duplex 20% down = $1,000 a month cash flow!! 5 min. From Fitzsimmons hospital. 8 Bed 3 bath Totally remodeled and occupied, everything is new, separate back yards with a oversized 2 car attached garage. This property is in a quiet culdesac minutes from I-70 and Fitz-simmons Hospital Development. The Value Proposition
Excellent passive cash flow! Minutes from the number 1 rated children's hospital that has just been completed and is not slowing down in growth any time soon. This is a half brick duplex with an oversize 2 car joining garage. In a quiet culdesac. Last sold in 2005 for $270,000!!

Property Data

Est. FMV:
Nexus Price:
Est. Equity:
Rented?
Current Rent:
Deposit:
Yearly Taxes: SqFt.:
Price/SqFt.:
Year Built:
# Bedrooms:
# Bathrooms:

$225,000.00
$220,000.00
$5,000.00
Yes
$2,300.00
$2,000.00
$2,016.00 3,728
$59.01
1974
8
3

Market Research & Trends The perfect storm for investors may be brewing in Denver. The current market conditions nationwide have had a much smaller impact on Denver than in many of the other large metros. This is due in large part to the influence of the state's energy sector and the improvements achieved in the transportation infrastructure. The energy boom in Colorado has created jobs in the oil and gas industry fostering a lower than average unemployment rate of 4.2%. Foreclosures still represent a major concern for investors in the Denver market, but recent data suggests that the impact thus far has been well countered by the buying activity in the metro. The steady absorption of new listings and a decline in overall inventory starting in December 2007 have many investors taking notice.

Nexus Analytics

Denver, CO Cashflow

Chris Whittaker (Keller Williams Realty Las Vegas) — Thu, 11 Dec 2008 18:27:38 -0600

Nice Brick Ranch

Nice Brick Ranch, Denver CO, Cash Flow!
Denver, CO 80239
Single Family Residence This awesome property is close to shopping and transportation. It has a beautiful glass sun room attached to the back and a great yard. A one car attached garage, with a brand new professional remodel just completed. Awesome cash flow! We will have interior pics soon. The Value Proposition
Awesome brick ranch with a full basement that is fully finished. Great street and curb appeal, these properties were selling for 200k in 2003 and should reach that point again. Also giving you great cash flow in between. Professionally remodeled, everything is NEW! Interior Pics Soon to come!

Property Data

Est. FMV:
Nexus Price:
Est. Equity:
Rented?
Current Rent:
Deposit:
Yearly Taxes: SqFt.:
Price/SqFt.:
Acres:
Year Built:
# Bedrooms:
# Bathrooms:

145,000.00
$109,000.00
$36,000.00
Yes
$1,200.00
$1,000.00
$840.00 1,700
$64.12
.138
1969
5
2

Market Research & Trends The Denver real estate investment market has been heating up over the previous two quarters. The inventory of unsold homes in the Denver area plunged by 20 percent in August from a year earlier, the largest percentage drop in five years. The current inventory of 17,000 resale homes is just a few thousand units above its normal level indicating that Denver may be n the very early stages of a stabilization and possible recovery. Denver real estate as a whole has weathered the economic storm that has ravaged other markets. With a nominal drop of 2.21 percent in home prices from July 2007 to July 2008, Denver leads the nation. According to Mark Fleming, chief economist at First American CoreLogic, the nominal price declines "indicate additional stabilization in the geographic expansion of the housing market malaise. There is reason to be cautiously optimistic because the price decline stabilization we observe in this cycle is necessary before any improvement in price levels occur." The Denver market was bested only by Charlotte, NC with a drop of .74%. Another key milestone was reached near the end of last summer when commercial vacancies once again reached levels not seen since the dot-com crash of 2001. The re-absorption of prime office space once occupied by the burgeoning dot-coms has put Denver back into the position it was before the tech companies closed their doors virtually overnight.

Nexus Analytics

Bank Owned Golf Course Homesite

Chris Whittaker (Keller Williams Realty Las Vegas) — Thu, 11 Dec 2008 18:17:09 -0600

Hi Everyone, I just listed a homesite with golf course frontage on 2 sides. It's at the end of a cul de sac in a vintage neighborhood in Las Vegas. It's bank owned and we're selling for $133,900 which is by far the cheapest homesite in Las Vegas on a golf course. Please consider it. The link is at the bottom of this page. The co-op is 5%. Hope you're having a great week.
Best regards,

Chris Whittaker
Vice President
Broker of Record
iRiches Real Estate, LLC
Direct: 702.285.1363
Office: 702.818.1013
Fax: 702.926.9594
chris@investmentriches.com
http://www.investmentriches.com/
"Where Real Estate Investing Begins"

10-LND Flyer w/Agent Photo