Get a Loan One Day Out of Foreclosure!

A local Las Vegas lender is thinking outside the box with three brand new loan programs for Nevada home buyers! These mortgages are truly unique and no other lender is offering them.

1. Fresh Start Program - One day out of foreclosure or short sale with 20% down payment! If you've been told before that you had to wait one to seven years to purchase a home, wait no more. This program is designed for owner occupants only, and the interest rates are outstanding.
2. 5% Down Jumbo Loan Program - This program is designed for owner occupants, but vacation home buyers can also get in on it with 10% down.
3. 5% Down High Rise Loans - No other lender in Nevada has 5% down mortgages for high rise condos. The 5% down program is for owner occupants, but second home buyers can also purchase a high rise with 10% down.
4. 5% Down "Unwarrantable Condo Loans - most residential condos in Las Vegas cannot be financed because of owner occupant to renter ratios. This has put a real damper on condo sales over the past 7 years. Now owner occupants can buy a condo with as little as 5% down in any project that does not have structural litigation, opening up a whole world of possibilities instead of just a handful. And second home owners can have the same opportunity with 10% down.

For more details on each of these exciting new loans, go to New Nevada Mortgage Loan Programs. Or call 702-985-7654.

These programs are only for properties purchased inside the state of Nevada by US citizens.

Still can't qualify quite yet but want to buy a home? Try private money mortgages. The interest rate is high, but over the long term it may be much cheaper than the price increases the Las Vegas Valley has been experiencing.

New Mortgage Loan Program One Day Out of Foreclosure!

Is Marijuana the new “Pot of Gold” for Real Estate

Oh happy day!

Since recreational marijuana became legalized in Colorado, hordes of new residents have relocated to the Centennial State, and in Denver alone, more than 4.5 million square feet of space has been dedicated for commercial cultivation facilities, storage and distribution, and retail shops. Talk about your Mile High City - that’s over 78 football fields for you Bronco fans!

Commercial and residential purchasers in Colorado urban areas are scrambling to find new locations, something that is much easier said than done with the restrictions in place for local zoning ordinances. Prices have already zoomed for both residential and commercial real estate, and commercial real estate, in particular, is in short demand.

As a consequence of that shortage, the Las Vegas real estate market is already seeing the early stages of a new boom driven by cannabis consumers. Even though medical marijuana applications have a temporary moratorium in place, experts in the industry expect to have recreational marijuana legalized by 2016 at the latest. After seeing what happened in Colorado, investors are already staking their claim to prime locations in Las Vegas. (In order to accommodate these investors more efficiently, we are already developing our new web site for Las Vegas Marijuana Real Estate. Updates to current zoning regulations should be posted by the beginning of April.)

We have gotten numerous calls from national name brand companies that are diversifying their portfolios into what looks to be a highly lucrative new “field.” (Sorry for all the bad puns, but I can’t seem to help myself!) Quite a number have already tied up commercial warehouse space in Clark County for future cultivation facilities.

But don’t expect to see a boatload of marijuana dispensaries along Las Vegas Boulevard. Though the Strip and downtown Fremont Street would seem logical spots for retail pot shops, marijuana sales are prohibited in any of the gaming corridors, in addition to the normal zoning restrictions about being close to churches or schools.

Another more subjective concern is that local authorities do not want to bring potential crime into what are now low crime areas. That means you won’t be seeing a retail shop near Summerlin homes or close to Anthem Country Club any time soon, even once both medical marijuana and recreational marijuana are legalized. You’ll probably have to drive a bit to get to your favorite dispensary.

And individual homeowner’s associations may/will prohibit growing marijuana crops in private homes. If you want “room to grow” you may need to look for a house outside of an HOA. It actually might not be a bad idea to start looking right now for a potential grow home. We expect to see a residential population shift to the unincorporated areas of Clark County once recreational MJ is legalized, which will drive up prices in the non HOA communities. You don’t want to be priced out of that market and have your dreams go “up in smoke.”