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Follow on Google News | Foreclosure Treasure Hunt Turns Buyer's Market to Advantage for Las Vegas Real Estate InvestorsThe Las Vegas housing market has seen its share of foreclosures, and banks are eager to get foreclosed homes off their books. One Las Vegas-based company
By: Ron Hillman Las Vegas experienced a dramatic growth in population over the last 20 years. Many people came to Vegas seeking new job opportunities, or looking for a fun and affordable place to retire. As a result, a lot of new homes were built in the last two decades. But in the last few years, a changing job market and a slower economy have combined to roll home prices back to levels not seen since 1999. A very strong buyer's market has been one consequence of this revaluation of home prices. Many property owners have chosen to sell out, realize whatever gains they can, and move on. Foreclosure auctions can offer even better real estate investment opportunities - if an investor knows where to go, and can commit some time to take full advantage of the opportunity. Las Vegas foreclosure auctions are the primary focus of Foreclosure Treasure Hunt ( http://www.VegasForeclosureTreasureHunt.com/ "The number of homes and properties the Las Vegas finance companies and banks are sitting on is well above what they're equipped to manage and spend time with to resell. Their sense of urgency has become one of the best money-making prospects in real estate I've seen in years," explained Ron Hillman of Foreclosure Treasure Hunt. "Thanks to the frequency of foreclosure auctions here in Las Vegas, Foreclosure Treasure Hunt has developed a process that allows an investor to repeat the buy-and-sell process as often as every three months. On a return of just 10%, an investor could triple their money within three years." The comapny offers a free three day and two night stay in Las Vegas ( bit.ly/FreeVegasTrip ) to visiting real estate investors. The Foreclosure Treasure Hunt staff guide visitors on a tour of the city. Investors are shown homes that will soon be placed in upcoming foreclosure auctions. Investors can specify the size and style of home they'd like to buy. They can even set a price range. Foreclosure Treasure Hunt then does the time-consuming leg work. Investors can relax, and enjoy their time in Las Vegas, attending the usual shows, events, and attractions. Following their clients' criteria, Foreclosure Treasure Hunt searches all the Las Vegas area foreclosure auctions for homes that match. The company's staff attends the auctions, places the bids, and finalizes the purchase of the property. Foreclosure Treasure Hunt does the hard work, making it easy (even fun) for buyers to make a nice return on their investment. With any investment, the most important element is timing. Las Vegas is in the midst of a turnaround. It's not unreasonable to believe that new construction will create new jobs, new hotel rooms, and a renewed demand for homes and property. Foreclosure Treasure Hunt partners with investors to rehabilitate and "flip" (resell) homes bought at foreclosure auctions ( bit.ly/LasVegasForeclosures ). The quick resale of a Las Vegas home can return a 15 to 20% profit in a matter of months. Foreclosure Treasure Hunt then splits that profit 50-50 with the buyer. If this process is accomplished four times a year (and Foreclosure Treasure Hunt can demonstrate this is easily possible) a real estate investor could see around a 40% annual cash on cash return. The company states that investors can get started with as little as $40,000. "We know we have the right formula," Hillman stated. "Banks are in the money business. They're not in the property management 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@ Contact: Ron Hillman Foreclosure Treasure Hunt 6955 North Durango Drive, Suite 1115-323 Las Vegas, NV 89149 702-812-1010 press@richcontent.tv http://www.VegasForeclosureTreasureHunt.com/ End
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