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Post by Stan on Oct 3, 2012 10:58:21 GMT -8
Tony, sorry I was too late to speak with you tonight.
I previously emailed you some information about Las Vegas. Briefly it is affordable (the cost of living is 30% less than LA), is taking major steps to diversify their economy, and has only another 4% of buildable land (the balance of surrounding land is Federal).
In 2011 254 firms either left California entirely or expanded into other states to avoid CA business climate.
I understand some houses are available for less than $100,000 which cash flow nicely. I plan to spend a few weeks there as soon as my foot surgery and rehab is completed. Becoming a Nevada realtor looks simple enough so I will probably will do that.
What kind of returns would it take to draw your interest?
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Post by Tony Alvarez on Oct 3, 2012 13:01:10 GMT -8
I’m always interested in looking at deals if they make sense. I don’t know enough about that market to make a quick decision. What is your plan? Are you looking to flip or hold long-term? I don’t make long-term loans. Have you picked out a specific target market, zip code, area. Are you familiar with the demographics? First of all, are you familiar with the vacancy factor within your chosen target market? Have you done any actual deals successfully in this market yet? What are the details of those deals? Also, have you ever taken a class from me? If so, where and when? Give me some more information on what you’re looking to accomplish.
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