SPECTRUM APARTMENTS / 348 UNITS / NOD FILED 11.5.2010

SPECTRUM APARTMENTS / 348 UNITS / NOD FILED 11.5.2010

CLICK HERE FOR LAS VEGAS MULTI FAMILY FORECLOSURE REPORT : APARTMENT / CONDO / MOTEL COMPLEXES

CALL FOR COMPLETE BUYERS REPRESENTATION
SERVICE FOR TRACKING, DATA GATHERING AND
BEING POSITIONED FOR SHERIFFS AUCTION ON
FORECLOSURE COMMERCIAL
Ph 208 390 0737

-----------------------------------------

SPECTRUM APARTMENTS - NOD 11.5.2010

348 units
19.77 ac
built 1991

bought 5/2000 for $ 15 650 000
loan $ 11 700 000

60 N Pecos Rd
Las Vegas, NV 89101

Show on Google Maps

STORAGE FACILITIES, MAL INVESTMENTS - NOD 1.2.2010

STORAGE FACILITIES, MAL INVESTMENTS - NOD 1.2.2010

CLICK HERE FOR LAS VEGAS MULTI FAMILY FORECLOSURE REPORT : APARTMENT / CONDO / MOTEL COMPLEXES

STORAGE FACILITIES, MAL INVESTMENTS - NOD 1.2.2010

sq ft 6185
built 1998

bought in 5/1998 for $ 453 500
loan amount $ 487 500

17 E Brooks Ave
North Las Vegas, NV 89030

Show on Google Maps

Storage Complex / Notice of Default filed 10.30.10 / Las Vegas Nevada

Storage Complex / Notice of Default filed 10.30.10 / Las Vegas Nevada

CLICK HERE FOR LAS VEGAS MULTI FAMILY FORECLOSURE REPORT : APARTMENT / CONDO / MOTEL COMPLEXES

SOUTH TECH CHEYENNE STORAGE COMPLEX - NOD 10.30.10

built 2007
27 530 sq ft
1.66 acres

$ 13 450 000 price paid 8.2005

loan amount $ 3 411 768

2475 W Cheyenne Ave
North Las Vegas, NV 89032

Show on Google Maps

Paramount Motel / Sheriffs Sale 11.16.2010 / Las Vegas Nevada

Paramount Motel / Sheriffs Sale 11.16.2010 / Las Vegas Nevada

CLICK HERE FOR LAS VEGAS MULTI FAMILY FORECLOSURE REPORT : APARTMENT / CONDO COMPLEXES

PARAMOUNT MOTEL - NOS 11.16.2010

Sheriffs Sale 11.16.2010

156 UNITS
57 790 sq ft ( approx 370 sq ft unit )
1.17 ACRES
built 1963

BOUGHT 4/2004 FOR $ 3 945 000
loan amount $ 2 200 000

est bid $ 2 490 000

1213 S Las Vegas Blvd
Las Vegas, NV 89104

Show on Google Maps

275 unit condo complex ( 248 units vacant and ready for sale ) - Las Vegas Blvd - 12 000 sq ft retail commercial

www.buytetonland.com

Timothy Anderson

Windermere Real Estate Teton Valley
Windermere Prestige Properties Henderson Nevada

pH 208 390 0737
email : buy@buytetonland.com

---------------------------------------------
Las Vegas Blvd - $ 42 million plus buyers commission costs

* developer will consider joint venture

275 unit luxury condo complex / 248 vacant and for sale

New construction

12 000 sq ft prime retail location is ready for tenants

- All retail suites have Las Vegas Blvd address and
prime signage opportunity

- Ample parking dedicated to retail customers

- Landscaped patio seating along LV Blvd

- Restaurant space, grease intercept ready

- Strong daytime population of
office professionals

- Zoning C-2 City of Las Vegas

- Suites from 980 - 4000 sq ft

247 class c apartments - Las Vegas - BEST PER DOOR COST IN lAS vEGAS

www.buytetonland.com

Timothy Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Henderson Nevada

pH 208 390 0737
email : buy@buytetonland.com

---------------------------------------------

247 class c apartments units in the old Vegas area.

The bank has this as an REO fee simple deal.

$ 5 225 000

This is a C class deal, that has low rents and been mis managed. There are 3 buildings and across the board they are currently 85% occupied. Two of the buildings are cash flowing, one is not.

336 unit condo / apartment rental complex - Near Summerlin - Las Vegas NV

www.buytetonland.com

Timothy Anderson

Windermere Real Estate Teton Valley
Windermere Prestige Properties Henderson Nevada

pH 208 390 0737
email : buy@buytetonland.com

---------------------------------------------

336 unit / $ 37 080 000

class A condo / apartment complex

net rentable area 332 784 sq ft

year built 1998

land area 16.16 ac

Full size washer/dryer in each unit

Fireplaces in second floor units

Large private patio / balcony with additional storage

State of art fitness center

Clubhouse

Resort style 24 hr swimming pool / spa

Borders Summerlin

Close proximity to class A office buildings, neighborhood shopping centers,
fashion, retail and restaurants

UNITS

128 1br / 1 bath 815 sq ft

56 2 br / 2 bath 998 sq ft

120 2 br / 2 bath 1104 sq ft

32 3 br / 2 ath 1253 sq ft

----------------------------------------------
3 568 000 gross rent potential

214 000 vacancy ( 6% actual )

3 354 000 net rental
---------------
187 394 other income

107 094 utility reimbursement
----------------
3 648 488 gross operating income

1 239 316 expenses

1 594 092 loan

815 080 cash flow
OPERATING EXPENSES

391 652 office payroll
107 512 management
33 600 landscaping
97 000 repairs / maintenance
226 800 utilities
28 560 advertising
35 400 insurance
234 792 property taxes
84 000 capital reserves
---------

1 239 316 total expenses

Las Vegas 61 unit Luxury Condos - Short Sale - inludes land for additional 311 units

www.buytetonland.com

Timothy Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Henderson Nevada
pH 208 390 0737
email : buy@buytetonland.com

---------------------------------------------

LUXURY CONDOS

Short Sale - bank wants offers

100% UNOCCUPIED
100% COMPLETE

61 unit ( entitled for 372 ) - INCLUDES LAND FOR ALL

units range 1064 - 4000 sq ft

baths from 1 to 3.5
br from 1 to 4


price in range of $ 6 374 500 - $ 7 649 400

4 story building






Exterior appointments

- guard gated entry
- two subterranean parking spaces per tenant with appointed storage
- outdoor heated pool and spa
- outdoor courtyard with lush foliage and calming water fountain


Two passenger elevators

Two interior stairwells

Foundation consists of poured reinforced concrete/perimeter footings and column pads

The construction components include concrete and steel.

The ground floor is a concrete slab on compacted fill, the other floors are steel reinforced concrete.

The building exhibits flat roofs with a built up composition roofing.

Underground parking garage which includes reserved handicap spaces and additional parking near the current sales office.

SALES OFFICE ON SITE FOR YOUR SALES TEAM

The individual units include roof mounted condenser/compressor units with forced air gas furnaces located within the interior of the units.

Each unit is individually metered for electrical usage. Anticipated operations indicated the Landlord is responsible for water, sewer, trash costs to the individual units, tenants shall pay all other utility costs.

The management office includes a security alarm system.

The improvements are fire sprinkled and all units are equipped with smoke detectors


UNITS

1A

1400 sq ft ( includes 336 sq ft patio )
1 br, 1 bath
computer alcove
two sided fireplace

1B

1738 - 2173 sq ft ( includes 153 - 588 sq ft patio )
2 br, 1 ¾ bath
computer alcove
two sided fireplace




1C

5188 sq ft ( includes 1024 sq ft terraces )
4 br, 3.5 bath
computer alcove
two sided fireplace
loft



15 MODELS TOTAL - CALL FOR DETAILS

re : 61 unit ( entitled for 372 ) luxury condo complex - LV - includes land for all

www.buytetonland.com

Timothy Anderson

Windermere Real Estate Teton Valley

Windermere Prestige Properties Henderson Nevada

pH 208 390 0737
email : buy@buytetonland.com

---------------------------------------------
Short Sale

100% UNOCCUPIED

61 unit ( entitled for 372 ) - includes land for all / luxury condos

units range 1064 - 4000 sq ft

price in range of $ 6 374 500 - $ 7 649 400

----------------------------------------

230 units ( of 360 total )

Apartment / Condo

Henderson

$ 12 017 500

-------------------------------------------------

240 units / Bank Owned

Condo Mapped Apartments

Off Tropicana

$ 12 540 000

-----------------------------------------------------------------------

72 unit apartment building / bank approved short sale

$ 1 567 500

built 1981

7 two story buildings

50 856 sq ft rental

-------------------------------------------------------

247 class c apartments units in the old Vegas area.

The bank has this as an REO fee simple deal.

$ 5 225 000

This is a C class deal, that has low rents and been mis managed. There are 3 buildings and across the board they are currently 85% occupied. Two of the buildings are cash flowing, one is not.

-----------------------------------------------------------------------

63 UNIT LUXURY CONDO PROJECT NEAR STRIP

$ 9 718 500

BANK OWNED FORECLOSURE REO - NOT LISTED - GENERAL OFFERING BY BANK

LOCATED NEAR STRIP

ORIGINAL COST OF CONSTRUCTION $ 23 000 000

2 and 3 BR Condos

144 car parking facility

----------------------------

New Construction

275 unit luxury project

near strip

248 units unsold

12 000 commercial

owner will consider JV

$ 42.3 mil

-----------------------------------

608 unit condo rental project

popular rentals

2.5 mil + CF before debt service

$ 85 mil

----------------------------------------------

Broken condo deal

172 out of 450 available at 150 per square foot.

This package is for the sale of 20 of them, but all can be had for 50 per square foot less than these.

The developer will turn over his seat on the board.

Gorgeous property

--------------------------------------------------

Condo Development

Broken condos so 205 available of 265 condos

Bank wants 120K a door

--------------------------------------------------

Next to Summerlin / Condo - Apartments

$36.575 mil for 336 units

At current rents is a 6 cap.

------------------------------------

Apartments Class A

$25 080 000 mil firm from seller (purchased for $42MM in 2008)

Built 2000. 352 units on Lake Mead Blvd in Vegas.

80% occupancy.

Give me a call if I can be of any help - pH 208 390 0737

BANK OWNED FORECLOSURE APARTMENTS LAS VEGAS

www.buytetonland.com

Timothy Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Henderson Nevada
pH 208 390 0737
email : buy@buytetonland.com
---------------------------------------------

BANK OWNED FORECLOSURE - POSITIVE CASH FLOW


Here is 247 units in the old Vegas area just East of the strip on Fremont. The bank has this as an REO fee simple deal and they are firm at 5MM no less.



That is about 20k a door. This is a C class deal, that has low rents and been mis managed. There are 3 buildings and across the board they are currently 85% occupied. Two of the buildings are cash flowing, one is not.



If you look below on the back of the napkin numbers the group that has the listing thinks pro-forma is at a 17 CAP. We need commission covered from the buyer.


Also here is the back of the napkin underwriting:



This is how the P&L should be according the reps:



(This is obviously quick & dirty, but paints the picture)

GPI: 1,111,500.00 (375 X 247 X12) –Took the low end rent number to be conservative

-Vacancy (111,150.00) – Took 10%, but it should be 5-6% only.

EGI: 1,000,350.00



Less Expenses:

Management (5%): 50,017.50

Maintenance: 24,000.00 ($2k per month)-variable calls only, no permanent staff member or could potentially give a free unit to someone to live on site.

Utilities: 12,000.00 (Common areas only, tenants should pay their own)

Insurance: 18,000.00 ($1500/mo)

Advertising: 12,000.00 ($1000/mo)

Taxes: 20,000.00 (.01 X purchase although it should be less)

Legal: 2,500.00

Total: $138,517.50



NOI: $861,832.50



Projected Cap Rate: 17.2%

Lehman Brothers Betting on Commercial Sales

www.buytetonland.com

Timothy Anderson

Windermere Real Estate Teton Valley
Windermere Prestige Properties Henderson Nevada

pH 208 390 0737
email : buy@buytetonland.com

---------------------------------------------

Bankrupt Lehman Betting on Commercial Sales

Bankrupt Lehman Brothers Holdings Inc. is betting its recovery on an increase in property values.

Alvarez & Marsal, the advisory firm overseeing the firm’s bankruptcy, has reinvested more than $1 billion in apartments, office buildings, and other commercial property located all over the country that is owned or financed by Lehman. The advisory firm hopes to salvage as much as possible from the $14.4 billion of commercial real estate in various stages of distress that Lehman owns.

Some observers say the strategy is questionable, but Alvarez & Marsal believe that they can recover $11 billion from the assets through careful management, more than double the amount they would likely get from a quick liquidation.

Source: The Wall Street Journal, Lingling Wei (08/04/2010)

Investors Betting ON Building Sites

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

---------------------------------------------
Hedge Fund Bets on Land
Hedge Fund Paulson & Co. is now betting that land is undervalued. It is bidding on 8,000 residential lots in Arizona, Colorado, and Nevada, owned by home builder Tousa Inc., which is in bankruptcy.

In other areas, builders are making similar wagers, snapping up property while it is cheap. They are in agreement that values will increase. It is only a question of when.

"The real risk is timing," says John Burns, an Irvine, Calif., home-building-industry consultant. "It's hard [for investors] to realistically estimate when they can sell and for how much."

Source: The Wall Street Journal, Lingling Wei and Robbie Whelan (06/23/2010)

Walk Away From Mortgage ? Lenders May Sue You

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

---------------------------------------------

Lenders Warn Foreclosure May End in Lawsuit

The housing crisis will spark a wave of lawsuits filed by lenders seeking to recoup loses on home sales and foreclosure auctions that do not return enough money to pay the mortgages in full, according to real estate and legal experts.
Experts predict that mortgage companies will begin to sue home owners in the next two years, including borrowers who ransack a house that has been lost to foreclosure and those who walk away from "underwater mortgages," with hopes of discouraging others from such behavior.

Lenders are unlikely to target borrowers who negotiate in good faith or have defaulted on their home due to job loss or other unforeseen circumstances; other borrowers could be hounded by collection agencies that have purchased their mortgage debt from their lender.

Source: RISMedia (06/08/10)

Bank of America To Reduce Principal

www.buytetonland.com

Timothy S Anderson

Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
---------------------------------------------

BofA Rolls Out Plan to Forgive Principal


Bank of America announced Wednesday that it was rolling out a relief program for roughly 45,000 of its most troubled borrowers that would reduce mortgage principal by as much as 30 percent.

To be eligible, homeowners must have missed at least two monthly payments and owe 20 percent or more than their home is worth. Homes must have been originally financed by Countrywide Financial Corp. under specific lending programs.

The offer is a result of an agreement with state attorneys general that settles charges over high-risk loans made by Countrywide. The federal government will pay 18 percent of the forgiven principal.

Source: The Associated Press (06/02/2010)

140K/8+ ac w/home / BANK OWNED FORECLOSURE /Teton Valley

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

---------------------------------------------

Bank Owned 8+ ac parcel w/ home .

140K

Teton Valley

call for details pH 208 390 0737

Commercial Turn Around

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

---------------------------------------------

Commercial Markets May Turn Around in 2011
With high vacancy rates and extremely low prices, the commercial real estate market is going through tough times. For many practitioners and brokerages today, it’s more about survival than success.

“Commercial real estate has been whacked,” NAR Chief Economist Lawrence Yun told an audience of REALTORS® Thursday at the Economic Issues and Commercial Business Issues Forum during the 2010 Midyear Legislative Meetings & Expo. “It’s been a horrible cycle. Residential [real estate] is coming back, but commercial is just trying to stop the bleeding.”

However, a turnaround in commercial real estate may be underway as soon as next year, Yun said. There are indications of improvement in the broader economy — such as rising corporate profits, job creation, and greater availability of credit — that could bode well for the commercial sector. It may be some time before the impact of those developments is felt by commercial practitioners, though.

“Commercial real estate lags the economy by about a year,” he said. “If the economy turned around today, it would be a year from now before commercial recovers.”

Some aspects of the commercial market might improve as early as this year. For instance, the financial picture of real estate investment trusts appears to be getting better already. Also, Yun said the number of commercial property transactions may go up this year, even if the other fundamentals remain weak.

It’s important to note that a return to peak levels for the commercial sector is still at least a few years away. But by next year, the darkest days may be in the rearview mirror, experts say.

— Brian Summerfield, REALTOR® Magazine

Housing Inventory Tight

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

---------------------------------------------
Housing Inventory Tight in Parts of the Country
Homes for sale are in short supply in some parts of the country. Inventories are considered tight when it would take buyers six months to buy up the backlog, and that's just what's happening in many major cities.

In Denver, there is a 5.7-month supply; Phoenix, 4.5 months; and San Francisco, 3.2 months.

All over California, the supply of homes that sell for less than $300,000 is tight, said Leslie Appleton-Young, chief economist for the California Association of REALTORS®.

In the Pacific Northwest, Lennox Scott, CEO of John L. Scott Real Estate, doesn’t believe the end of the tax credits will ease demand. "In lower price ranges, prices will stay fairly stable because we're undersupplied," said Scott.

NEW FORECLOSURE LISTINGS / RESORT COMMUNITIES / VICTOR IDAHO

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
---------------------------------------------


$ 330 000

NEW FORECLOSURE LISTINGS - VICTOR IDAHO

ONCE MILLION DOLLAR HOMES - BANK OWNED PROPERTIES

RESORT COMMUNITIES

CALL FOR COMPLETE LIST

p 208 390 0737
email buy@buytetonland.com

Timothy Anderson
Windermere Real Estate Teton Valley

Home Values Critical To Recovery

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

---------------------------------------------

Home Values Impact All Areas of Economy

Real estate can be an engine or a brake for the U.S. economy. And today, it's mostly slowing things down.

"The housing market, since it was the epicenter of the crisis, is also central to the feeble recovery," says Ethan Harris, an economist at Bank of America Merrill Lynch.

Everything is interconnected: Employment is closely tied to construction spending, which is 25 percent below what it was in 2006. And because property values remain low, many people are mired in debt and can no longer rely on home equity to help them out of it.

The decline in property values is also preventing small businesses from using equity to expand. And lower property values mean lower property taxes, which dents government spending on everything from teachers to police officers.

Source: The Wall Street Journal, Conor Dougherty (05/10/2010)

BANK OWNED FORECLOSURE / 330 UNIT MOTEL AIRPORT LOCATION / LAS VEGAS

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737e
mail : buy@buytetonland.com

---------------------------------------------


BRING SOME KIND OF OFFER !!!!

Agent/Broker Description
The property consists of 8, two story walk up buildings with exterior entries. Built in 1980, the hotel encompasses 103,488 square feet and provides 330 hotel rooms. The property has two swimming pools, a full kitchen, bar/lounge and office. Situated on 4.85 acres on two separate parcels, the hotel has adequate parking to accommodate its current use.
Property Features
Bank Owned Hotel Currently Closed
330 Rooms
Located next to McCarran International Airport
2 parcels totaling 4.85 acres
Zoned H-1
No current management or franchise agreements in place
Close to the Las Vegas Strip

Trophy Home News

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

---------------------------------------------

The 'Cher House' Sold in Miami

ONE Sotheby’s Realty in Miami closed this week on the resale of a mansion sold by singer Cher in 2006 to Sean Wolfington. The recent sale brought $10.45 million, about $2 million more than Wolfington paid.

"There's a shortage of trophy properties on the market and we are seeing an increasing number of wealthy foreign buyers from Latin America and Europe looking to capitalize on the weak U.S. dollar," says Daniel De La Vega, broker of ONE Sotheby's Realty.

Associate Jorge Uribe, who listed the property, says, "A lot of people told me to lower the price by 20 percent to 30 percent because everything was down, but I advised my client to be patient. In the end, the new owners paid a great price for one of the most unique properties in Miami.”

Source: ONE Sotheby’s Realty (05/06/2010)

Region House Prices Still Falling

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

---------------------------------------------

10 Markets Where Prices Are Still Falling
While the overall housing market appears to be on the mend, there are some Metropolitan Statistical Areas where prices are still falling.

Forbes magazine asked Local Market Monitor, a real estate research firm, to examine all 315 MSAs and identify those where home prices are still at least 10 percent above the point where home prices should be based on economic fundamentals.

Many of these locales have higher than average home prices because they are relatively small and their economies are dependent on a few businesses or a single industry. When those businesses run into trouble, the communities feel the pain.

Here are the top 10 places that Local Market Monitor identifies as most vulnerable to continued price declines:

• Atlantic City/Hammonton, N.J.
• Provo, Utah
• Portland, Vancouver, Oregon, Ore.
• Glen Falls, N.Y.
• Bellingham, Wash.
• Flagstaff, Ariz.
• Charleston/Sommerfield, S.C.
• Eugene/Springfield, Ore.
• Salisbury, Md.
• Salt Lake City, Utah

Source: Forbes, Francesca Levy (04/27/2010)

Real Estate Killing

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

---------------------------------------------

Woman Sentenced for Slaying Practitioner
A personal assistant convicted of slaying Linda Stein, a well-known Manhattan-based real estate practitioner, was sentenced Monday to 27 years and four months to life in prison.

Stein, who represented such clients as Madonna and Sting, was found beaten to death in her Fifth Avenue penthouse in 2007.

Her personal assistant Natavia Lowery was prosecuted as a thief who stole thousands of dollars from her employer.

Lowery admitted in a videotaped statement that she killed Stein, but later recanted. She continues to maintain that she is innocent.

Source: Associated Press, Jennifer Peltz (05/03/2010)

SKI HIL ROAD BANK OWNED FORECLOSURE / TETON VALLEY IDAHO

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

---------------------------------------------

BANK OWNED FORECLOSURE $ 225 000

SKI HILL ROAD LOCATION / DRIGGS

1500 SQ FT

2+ ACRES

LANDSCAPED

* If you have ever thought of Ski Hill Road location with close access to
Grand Targhee this is it !

WILL NOT LAST LONG - POPULAR BANK OWNED FORECLOSURE

Builders Snapping Up Land

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

---------------------------------------------
Builders Snapping Up Land at Brisk Pace

Home builders are vying actively to buy land to buy in anticipation of a market turnaound.

"There's been an absolute land rush," says Gregor Watson, a partner with McKinley Partners, a California-based real-estate fund.

Builders prefer land with improvements, including sewers and streets because it allows homes to be constructed quickly. Especially attractive are suburban lots in neighborhoods that are easy commutes.

Nationally, the price of finished lots are up about 20 percent from early 2009. Prices for attractive lots in Phoenix and Southern California have risen 60 percent. Nationwide, the best-located lots are fetching twice as much as they would a year ago, said Greg Vogel, CEO of Land Advisors Organization, a land brokerage firm based in Scottsdale, Ariz.

Source: The Wall Street Journal, Dawn Wotapka (04/21/2010)

Owner Financing Available / Not In Subdivision / Teton Valley

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

---------------------------------------------

2 - 2.5 ac lots

Not In Subdivision - $ 50k each

OWNER FINANCING AVAILABLE

Victor - Driggs Area

call pH 208 390 0737

5 costly Mistakes First Time Home Buyers Make

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

---------------------------------------------

5 Costly Mistakes First-Time Buyers Make

Buying a first home can be a daunting experience. Here are five common and costly mistakes that novice home buyers make:

1. Ignoring the costs of having a low credit score. Lower-score borrowers pay thousands of dollars in increased interest rates over the life of the loan.
2. Muddying the waters by shopping for other things before closing. Lenders continue to check credit scores right up until the time of closing. Too much shopping could cause the lender to take back the loan.
3. Scrimping on an inspection. Being surprised by the need for expensive repairs can be financially devastating.
4. Buying without contingencies. Buyers should give themselves an out if the inspection turns up problems or the bank raises the interest rates.
5. No money for insurance. Insurance can be surprisingly pricey. Buyers who don’t budget for it can face a nasty surprise.

Source: CNNMoney.com, Les Christie (04/19/2010)

Dow Ready to Debut Solar Roofing

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

---------------------------------------------

Dow Ready to Debut Solar Roofing

Dow Chemical is rolling out a new kind of solar roof that could make adding solar power generation a simple and inexpensive process.

The company is integrating film solar cells into roofing shingles that are nailed onto the roof just like conventional asphalt shingles.

The concept still isn’t perfected, but builders Pulte Homes and Lennar Corp. have successfully tested prototypes.

Dow’s Chief Technology Officer William Banholzer estimates that 250 shingles covering 1,000 square feet of roof and generating 3.5 kilowatts on a sunny day will cost the average homeowner $10,000, half of which he would have incurred anyway to put regular asphalt shingles on his roof.

5 Signs a Home Has Potential

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

---------------------------------------------

5 Signs a Home Has Potential

The best deals on homes these days are often on properties that aren’t perfect.

Home shoppers looking for a great deal should keep these factors in mind when they are looking for a place with potential:

· Location, location, location. It’s still true that you get a better deal when you buy the worst house in a great neighborhood than you do when you buy a fancy house in a not-so terrific neighborhood.

· Less than 50 years old. Properties older than a half decade are likely to have more fundamental problems — like aging wiring, inadequate plumbing and sagging foundations.

· Livable floor plan. Buyers should select a home with a basic design they can live with. Once they start moving walls, they’re into big money.

· Light. Houses with the most potential have plenty of natural light.

· Good storage. Adding storage isn’t cheap, so it’s smart to choose a property that already has it.

Source: MSN.com, Marilyn Lewis (04/12/2010)

House Flippers Back

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

---------------------------------------------

The New Face of House Flipping

Home flippers have their groove back, but this time around most of them are pros who are savvy enough to buy the right properties and turn them over quickly.

Nationally, the number of flipped homes rose 19 percent to 197,784 in 2009, according to RealtyTrac. Flipping has been encouraged by a Federal Housing Authority one-year rule change, which allows FHA borrowers to buy foreclosed homes from owners who have held title for less than 90 days.

Many of the today’s flippers are wealthy foreign investors from countries like Israel, Germany, and Spain. In many cases, they bid without ever seeing the properties, relying on services that checks titles and send drivers to properties to relay photos and descriptions via mobile phone to bidders.

Source: BusinessWeek, Prashant Gopal (03/31/2010)

Anthem Country Club Henderson, NV - SHORT SALE

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

---------------------------------------------

$ 500 000

Anthem Country Club
Henderson, NV

3374 sq ft
.27 ac

3 br, 4 bath

View This Home Saturday 4/4

68 Unit Henderson NV Apartment Complex - Price Reduced - $ 20K Unit

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

---------------------------------------------

68 units

49 640 sq ft

2.11 ac

DRAMATIC PRICE REDUCTION FOR IMMEDIATE SALE! * CASH OFFERS ONLY * OFFER MUST ACCOMPANY PROOF OF FUNDS AND THE ABILITY TO CLOSE!

Lender and Seller authorizes a dramatic price reduction for a qualified Buyer that can close expediently and with certainty. If you are a principal with the ability to close quickly and with ALL CASH. We would like to talk with you.

Henderson Plaza offers the opportunity to acquire a 68 unit residential apartment complex for $20,000 per unit. Constructed in 1963 and are comprised of 17 two-story low-rise garden in four-plex configurations. Gross building area of approximately +/-49,640 SF and 2/1ba units averaging +/-730 SF.

Markets Where Home Prices Could Rise Most

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

---------------------------------------------

Markets Where Home Prices Could Rise Most
Money Magazine has released its latest home-price projections for the country’s largest metropolitan areas. Here are the 10 cities where it believes home prices will rise the most in the next year, and the 10 where it foresees the most substantial declines:

Where prices will rise:

• Santa Rosa, Calif., 6.0 percent
• Cheyenne, Wyo., 4.7 percent
• Kennewick, Wash., 4.6 percent
• Merced, Calif., 4.4 percent
• Bremerton, Wash., 4.2 percent
• Fairbanks, Alaska, 4.2 percent
• Corvallis, Ore., 4.1 percent
• Tacoma, Wash., 3.9 percent
• Anchorage, Alaska, 3.8 percent
• Bend, Ore., 3.3 percent

Where prices will decline:

• Miami, -22.5 percent
• Fort Lauderdale, Fla., -21.3 percent
• West Palm Beach, Fla., -18.5 percent
• Phoenix, -18.5 percent
• Las Vegas, -15.4 percent
• Tampa, -13.8 percent
• Pensacola, Fla., -13.6 percent
• Gainesville, Fla., -13.4 percent
• Suffolk, N.Y., -13.4 percent
• New York City, -12.9 percent

Bank Owned Foreclosure Property - Driggs

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

---------------------------------------------

Legal Description: Lot 15, Creekside Meadows PUD, Phase IV Rendezvous Townhomes

Public Remarks: Bank owned and priced to sell--this immaculate 3 bedroom, 2.5 bath Rendezvous Townhome end unit is a fabulous buy!!


Directions: Located in Creekside Meadows-Forest View Dr., app. 1 mile south of Driggs, Idaho


3br, 3 bath

$ 129 900

Bank Owned Las Vegas Condo Loft Project - 80 units

www.buytetonland.com

Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com

---------------------------------------------

BANK OWNED FORECLOSURE CONDO COMPLEX

80 units

Built for $ 540K unit.

Lender will consider $ 120K unit - $ 10 million

Great Las Vegas location - west side near Red Rocks.

GREAT INVESTMENT FORECLOSURE PROPERTY