We first described the single family rental business as an opportunity back in late 2009, when homes could be acquired at trustee sales with enough velocity to make sense. In our 2011 annual report, we also described how the business could make sense. Since that time, many more buyers have become active in the Las Vegas market, many of which are backed by private equity. Further, these firms are likely to achieve some economies of scale and are taking a mixed approach to the underwriting with a view towards cash fl... read more

Buyers that lost their homes to foreclosure just several years ago, have nursed their credit back and are back in the market for a new home, however they often enter at half of the prior mortgage payment.

http://money.cnn.com/2013/03/11/real_estate/foreclosure-homes/

 

 

 

Recently there has been a lot of talk regarding shadow inventory, negative equity and Nevada Assembly Bill 284. AB 284 requires an affadavit of authority which states that the signatory has personal knowledge of the documents required for a proper foreclosure. This has lead to a sharp drop in notices of default, the first step in the foreclosure process. However, I don’t think that AB284 should get all of the blame. Certainly it has had a major impact but we shouldn’t look at it in isolation. Lack of inventory is a... read more

We are now in the third quarter and therefore within a reporting cycle that summarizes recent trends. One such report is our Las Vegas Residential Investor IQ report, for the summer season, which examines the single family rental market. This report features: Vacancy and time on market trends Rental rates Capitalization rates Factors that influence investments such as lender owned inventory, default activity, age of inventory and seasonal patterns. Real estate investment terms and concep... read more