1. #1
    pico
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    anyone living in vegas right now? house question

    my friend is thinking about starting a REIT for single home houses in vegas. pretty much buy foreclosed and fix-it up and rent it out.

    house price is pretty cheap, but i doubt anyone is renting in vegas. from what i've heard, vegas suburbs is like a ghost town..

    those of you who live in vegas, do you think there is a rental market in a year or so?

  2. #2
    pico
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    looking at summerlin area

  3. #3
    SoCalFisher
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    3 bed 2 bath 1500 sq. ft rents for 1050-1100 in Summ. right now. I dont see a big change in the next year.

  4. #4
    csm506
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    Right now I would stay out of any fix up and rent situation if you are looking to buy a foreclosure and live in it, then maybe you are a winner.

  5. #5
    pico
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    thanks for the input

  6. #6
    cotsy2010
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    no point in doing it waste of money at the mo

  7. #7
    noties
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    what about buy a forclosure an live in it till the market turns ?

  8. #8
    mindtrix
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    vegas housing market wont bounce back for a while. vegas runs on tourism and no one has money to burn in vegas right now.

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