Tag archives for Las Vegas

Marijuana Farmers Take Advantage of Vacant Vegas Homes

The housing market is definitely still struggling in Las Vegas, Nevada, but the marijuana market is experiencing a real “bubble” as pot growers take over abandoned and foreclosed homes and turn entire domiciles into pot farms. “All those empty homes present an opportunity for criminal activity,” explains criminologist William Sousa, pointing out that the pot farmers are essentially just moving Read full article »

Investing News & Education: Accountants Should be Helping with Insurance

According to financial planners presenting at the Accounting Today Growth & Profitability Summit in Las Vegas last week, your accountant should probably be selling you insurance in addition to doing your taxes. More than half of clients surveyed (52.6 percent) said that they would prefer to purchase their insurance through their certified public accountant (CPA) than through an insurance broker Read full article »

Canadians See Las Vegas as a Safe Bet

With housing prices way down and rents holding steady, Canadian real estate investors are looking at Las Vegas as a good gamble for long-term payoffs. As one Ottawa broker put it, “Where in Canada can you currently buy a $50,000 property that you can turn around and rent for $1,000 a month?” Other analysts like realtor and investor Jim Eagan Read full article »

Bank-Owned Backlog Still Building

At present, banks and lenders own more than 872,000 homes in the United States today. And that number, twice the number of REOs in 2007 and set to grow by around 1 million in the years ahead as current foreclosures move forward, is starting to make a lot of real estate professionals pretty nervous. Although home sales volumes are up, Read full article »

Multifamily Properties Target for Texas REITs

A Texas real estate investment trust (REIT) is taking advantage of banks’ need to shed properties this year by making some major investments in REO multifamily properties. REITs First Capital Funding and Principals Capital Funding are currently involved in $39 million worth of transactions that they believe “signal recovery in the debt and equity markets.” J.P. Newman, who is the Read full article »

The Politics of Real Estate

Few industries are as profoundly impacted by the political machinations in Washington as the real estate industry. Whether it's old legislation like Jimmy Carter's Community Reinvestment Act or Barack Obama's massive mortgage bailouts, the U.S. political machine has a huge impact (usually bad) on the business of real estate.

Ideally, we could ignore politics. But here at the Bryan Ellis Real Estate Letter, we insist on seeing the world with clarity - including the reality of Washington's aggressive involvement in every facet of our business, from mortgage lending to real estate sales license; from loan modification regulations to appraisal requirements... every piece of our business is profoundly impacted by politics. So rather than stick our heads in the sand and ignore reality, readers of the Bryan Ellis Real Estate Letter choose to be informed and prepared.

About Bryan Ellis

Bryan Ellis is an Atlanta-based real estate analyst and publisher of the widely read newsletter "The Bryan Ellis Real Estate Letter". With over 200,000 subscribers - including real estate investors, agents, brokers, appraisers and other real estate professionals - the Bryan Ellis Real Estate Letter is among America's largest sources of unbiased coverage of politics and public policy for the real estate industry.

Bryan Ellis serves as editor in chief for the Bryan Ellis Real Estate Letter and is assisted by an extraordinary staff of writers, researchers and editors who are each real estate experts in their own right and who assure that the news we report is well researched, factual, and highly relevant to today's real estate industry.

Bryan is very happily married and has two wonderful daughters. He makes his home in the suburbs of Atlanta, Georgia. You can contact the team at the Bryan Ellis Real Estate Letter here.