1. 12-28-10 10:57 PM #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?
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  2. 12-28-10 10:58 PM #2
    pico
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    looking at summerlin area
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  3. 12-28-10 11:10 PM #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.
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  4. 12-28-10 11:16 PM #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.
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  5. 01-03-11 08:40 PM #5
    pico
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    thanks for the input
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  6. 01-03-11 08:42 PM #6
    cotsy2010
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    no point in doing it waste of money at the mo
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  7. 01-04-11 08:27 AM #7
    noties
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    what about buy a forclosure an live in it till the market turns ?
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  8. 01-04-11 02:10 PM #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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