Comments on: The Whipsaw Real Estate Market http://realestate.bryanellis.com/129/whipsaw-real-estate-market/ Unbiased Real Estate Intelligence For Affluent Investors Wed, 18 Jan 2012 15:39:40 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Jeffrey Smith http://realestate.bryanellis.com/129/whipsaw-real-estate-market/#comment-827 Jeffrey Smith Wed, 09 Jul 2008 15:25:46 +0000 http://www.freerealestatetraining.com/?p=129#comment-827 It seems that the Las Vegas NV housing market has declined to the price support levels required by investors. Houses that sold for high $400K to $500K are now available in the high $100K to low $200K range, which means an investor can lease out the property for a modest positive cash flow at current market rents (people still need a place to live in that market). The real issue for investors is the credit crunch. Lender requirements for high FICO scores (above 720 for non-owner-occupied), larger down payments (20% on average), full documentation, large seasoned reserves in the bank, are putting pressure on real estate investors to look elsewhere for financing. Now is a good time to start farming private lenders, especially those folks that have self-directed retirement accounts looking for a safe haven from the stock market. It seems that the Las Vegas NV housing market has declined to the price support levels required by investors. Houses that sold for high $400K to $500K are now available in the high $100K to low $200K range, which means an investor can lease out the property for a modest positive cash flow at current market rents (people still need a place to live in that market).

The real issue for investors is the credit crunch. Lender requirements for high FICO scores (above 720 for non-owner-occupied), larger down payments (20% on average), full documentation, large seasoned reserves in the bank, are putting pressure on real estate investors to look elsewhere for financing. Now is a good time to start farming private lenders, especially those folks that have self-directed retirement accounts looking for a safe haven from the stock market.

]]> By: Sam http://realestate.bryanellis.com/129/whipsaw-real-estate-market/#comment-800 Sam Tue, 08 Jul 2008 15:44:52 +0000 http://www.freerealestatetraining.com/?p=129#comment-800 Hi Bryan, thanks again for your encouraging newsletters you provide to us investors. You're right, now is the time to invest or we will regret it someday. Hi Bryan, thanks again for your encouraging newsletters you provide to us investors. You’re right, now is the time to invest or we will regret it someday.

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