Chris' Insight on Wholesales

Our specialty is finding great real estate investment deals so you don’t have to.

We buy and sell real estate, which includes houses, lots, multi-family units, and commercial buildings in any condition or location in Las Vegas area.

We buy many properties at reduced market value, so after repairs and renovations, it can be listed at a retail price that is within the comparables of the neighborhood. Through our experience in this business, we have the skill set to negotiate better than many investors.

Buying, selling, and renvoting is our full time business. We are an established company, get referrals, and are always marketing, which means we get more properties than we can handle. Instead of letting them sit there until we can get to them, it is best for us to wholesale the deal, so someone else can make money on the property.

We buy and sell in many locations and we have a large buyer list, but there are times, we do not have the manpower to handle all of the properties we receive, nor do our buyers. By networking and having many relationships with other investors, we can all benefit based on what each one of us has going on at the time. We will pass deals on to you, thus saving you time, money, and marketing costs.

Most of our investors say they can NEVER find the kind of deals we offer on their own.

If you want great properties, with equity or cash flow, fill out our form and tell us what would be the ideal property for you. Most of our properties do not get posted because we move them so quickly.

Our properties move so fast that they rarely even make it to this website before they are sold to one of our investors.

• To be notified quickly of our next available wholesale property please complete our VIP Buyers List! Join Our VIP Buyers List Now!

• There’s no cost or obligation and you’ll be the first to know about our investment properties as soon as they become available.

Here are a couple of charts showing the short term behavior of the Las Vegas REO market.

The first shows the Inventory of available REO single family residences listed in the MLS and the number sold in the last 30 days. Note that this statistic requires a week or ten days to fully stablize. Basically the sales trickle in over a period of time rather than appearing on day one.

The message is obvious. The REO listings are approaching and likely at one month of sales and still going down strongly. Those negative on a recovery are projecting a slug of foreclosures. That would likely manifest itself as a leveling or even increase in the inventory level.

Maintenance of present trends is likely not possible. The inventory is at or close to a month. If it continues the present trend we will soon be to weeks of inventory. There is likely some unsaleable residue in this inventory. So we are within a month or two of a throttled REO sales scenario. They are still coming on the market but at well less than the market demand.

Should be an interesting time.

Let us also look at pricing during this period…

This is a 30 day median and average for the Single Family REOs sold in Las Vegas. The trend is still down though with less slope than earlier periods. Over time we should see if prices stabilize or increase as the inventory drops.

These charts will be updated at least a couple of times a week so we can all watch this unfold.