| |
Newsroom /
Business
/
Business
/
The Return of Las Vegas Offers a Return for Real Estate Investors
The Return of Las Vegas Offers a Return for Real Estate Investors
As home prices lag behind expectations for Las Vegas' next growth cycle, opportunities exist for fast and frequent profits.
NV ,
Las Vegas,
United States of America
(prbd.net)
27/10/2010
Las Vegas, NV - October 24, 2010 -- Foreclosure Treasure Hunt, a Las Vegas-based company which brings together prospective real estate investors with home and property investment opportunities, is bullish on the buyer's market that Las Vegas has become.
Just like any business, Las Vegas is reinventing and refurbishing itself to stay ahead of the growing nationwide competition. Job and business expansion trends are predicted to be on the rise over the next five years. New hotel construction will create a new flow of visitors who will bring new money into the city's economy.
As that transition develops, the opposite has been taking place with Las Vegas housing. Many who bought and moved into homes have seen the values of those homes drop due to recent economic stresses. Some estimates say that up to 80% of Las Vegas homes are under water, through mortgages that are now more than the current value. It's expected that more than 20,000 foreclosed properties will be released by banks into the marketplace.
Ron Hillman of Foreclosure Treasure Hunt (http://www.VegasForeclosureTreasureHunt.com/) observed, "It's been shocking for some people to see homes on the market at prices around 75% of the highs we saw as recently as three years ago. That shock has prevented people from realizing that we're beginning to see a stabilization of prices, which many believe could be the start of a turnaround."
Hillman still sees opportunity via foreclosure auctions. Foreclosure Treasure Hunt connects people seeking real estate investments with Las Vegas properties that present the greatest opportunities for quick profits, through a process that can be repeated to increase the total return on an investment.
Foreclosure Treasure Hunt regularly invites prospective real estate investors to a free three day two night stay in Las Vegas. While in the city, they're taken on a tour to see some of the homes that are auction bound. Hillman and his staff consult with clients, learn what their home and price goals are. Then Foreclosure Treasure Hunt searches the various foreclosure auctions for available homes that meet client's specifications. Clients can place as little as $40,000 into an escrow account.
When a home is successfully bid on and obtained, Foreclosure Treasure Hunt will refurbish it if necessary then flip it for a rapid turnaround and profit which is equally divided with the buyer. Since this can be done as quickly as ninety days after purchase, Hillman says that it offers an investor significant protection against loss. He said, "When you realize that home inventory is starting to decrease and we work on a very fast pace while buying at a low price, values would have to drop by 35% to negatively impact the opportunities we find for our clients. That's just not going to happen."
The steady success that Foreclosure Treasure Hunt (http://www.VegasForeclosureTreasureHunt.com/) has experienced combined with the profits the company has generated for their clients and themselves has encouraged Hillman to consider expansion into other major markets.
"We know we have the right formula," Hillman commented. "Banks aren't in the property management business. They're in the money business. The real estate investor's advantage is that banks are large enough to swallow a loss that can be turned into a profit for the person who realizes the time to move is now."
About Foreclosure Treasure Hunt:
Foreclosure Treasure Hunt specializes in following the Las Vegas foreclosure auction market and matches prospective real estate investors with homes and properties that match their style, design and price preferences. Foreclosure Treasure Hunt then partners with clients to purchase these properties with the goal of reselling in the short term to realize a profit. To learn more, visit the company's web site at http://www.VegasForeclosureTreasureHunt.com/
Contact:
Ron Hillman
Foreclosure Treasure Hunt
6955 North Durango Drive, Suite 1115-323
Las Vegas, NV 89149
Phone: 702-812-1010
ronniehillman@hotmail.com
http://www.VegasForeclosureTreasureHunt.com
About
Pressrelease Solutions is a press release distribution service. Unlike many other press release distribution services, we care about quality press releases. A common problem in today's distributions are distributors who publish anything to make money. This results in journalists and editors ignoring such places after time. Every press release we distribute is reviewed by a human editor to insure it meets the highest standards of quality. By providing better quality content, we make it easier for
|