RSS feed from http://www.MyRoadArt.com

Day 25 in Las Vegas
Starbucks, Cheyenne at Hwy. 215

It's a beautiful morning in Summerlin, light cool breeze and mild temperatures. I know this will change as Summer arrives. I grew up in North Texas, so I can handle the heat. I bet 110 degrees here is easier to take than those 110-degree days I spent as a kid in Wichita Falls. At least here the humidity won't kill you.

The talk around the coffee shops this morning is about the unexpected death of local entertainer Danny Gans. Currently appearing at The Encore, he was only 52. No news yet on the cause of his death. He was a big draw on The Strip and well known for his show. His death is another reminder to keep things in perspective. Taking one day at a time, and living each day as if it were your last, is not the worst advice I've taken.

I'm really beginning to like it here, for whatever reason. For now, anyway, I'm looking forward to building a life here. In a city built on the bad luck of others, I feel I'm right at home. It's been my bad luck (or timing) to settle down in a city being slaughtered by the worst economy in decades. Maybe that's one reason I'm drawn to this place. We both are being kicked in the groin by unemployment, a sagging real estate market, and politicians who can't get their act together. Maybe Las Vegas and I have a common goal: arise from the ashes and come out stronger on the other side of the misery currently besetting us.

I Need Real Estate Investors

rss feed from http://www.MyRoadArt.com

Day 23 in Las Vegas
Starbucks, Cheyenne at Hwy. 215

The two women were talking about real estate, so my ears perked up. Real estate talk is among my favorite hobbies. As a real estate broker myself, I spend half my time reading and learning all I can about short sales, wholesaling, selling, marketing, investing, Realtors, brokerage, and finance. Most recently I've been studying short sales, since banks are holding a lot of unwanted properties. (With a short sale, you're asking the bank to take less than what is owed on the property...and many times the bank will jump at a short sale in order to minimize the loss.)

The women talking nearby were looking for a home. One woman was obviously the agent and the other was a home buyer. The agent told the buyer that the market was near bottoming out and apparently things will begin to turn around next year. It seems what I've been reading in the paper agrees.

The Las Vegas area's job market has plummeted, reaching an unemployment rate of around 10%. Home prices have taken a beating and the commercial sector is in the toilet. It's a great time for those who have cash, however. Bargains are available on all kinds of properties. And with the market rebounding in 2010, it's a great time to invest.

I'm looking to build my list of investors in the Las Vegas area and will be designing a web site to promote my own real estate activity in the coming year. The real estate business has always been in my blood and I enjoy making money in it when I can.

If you're an investor, email me at mitch (at) mitchellaiken.com. I'm a wholesaler looking to go on the hunt for some great deals. Contact me and let's make some money!