Cheap houses in Las Vegas

It is well established common knowledge that many service jobs in the Casino/ Hotel industry rely on tips as a major portion of these workers income.  From about 2004 through 2006 with historic low interest rates and the ability of these workers to use “Stated Income” rather than prove their income [...]

I think it’s safe to say that no one really wanted the $700 billion bailout. Unfortunately something had to be done as the credit cash-flow spigot was down to a drip. Even those with good credit were beginning to have difficulty getting funding of today’s tighter standards approved loans. Not only in our own industry, [...]

Bail Out or Hand Out? That is the ultimate question at the moment isn’t it. This question is the most important question of our time that needs to be taken seriously and not just brushed off. Our elected officials who are suppose to voice the concerns for the masses have become completely contempt about this [...]

This post was originally published by Mr. Grant House on May 27, 2008. Interesting insight into how banking/lending may impact the Las Vegas real estate market.
I was talking with John Diffiore (Wells Fargo Private Banking) this morning, and he told me (basically) that investors will be needing 20% down, that Fico scores below 720 [...]