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Will Las Vegas real estate return to gradual appreciation? Can you still make money in Vegas?

Will Las Vegas real estate return to gradual appreciation? Can you still make money in Vegas?

Investing in the Las Vegas real estate market before the recent run up was typically gradual appreciation with very few spikes like that of 2004-2006.

Steve Hawks and Kendall Trotter discuss the current state of the Las Vegas market. Many areas have dropped 20-40% and the question is asked how much lower can it go in some of these areas? Hawks uses a simple real estate example with Trotter.

Hawks states if you by a property for $100,000 and put down 5%. If the property goes up to $105,000 or 5% you just doubled your investment or your ROI. If it goes up 2.5% a year in two years that would be 5% or alittle more than $105,000. when a person looks how much money it is possible to make in Las Vegas real estate even on small gradual rates of appreciation the Vegas real estate market starts looking a lot more attractive.

The two realtors also discuss how the banks just want this to be over and are offering some unbelievable opportunities. Its also a rare point in history when the banks are taking huge financial loss and it is giving the consumer a chance to make huge financial gain from the loss of the financial institutions.

Find out more watch the this edition of the Las Vegas Real Estate update or contact Steve Hawks and Kendal Trotter at 1-888-918-Bank.

 

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