Two Plus Two Newer Archives  

Go Back   Two Plus Two Newer Archives > Other Topics > Business, Finance, and Investing

Reply
 
Thread Tools Display Modes
  #1  
Old 10-11-2007, 09:35 PM
good2cu good2cu is offline
Senior Member
 
Join Date: Mar 2005
Location: Blog Updated: 9/17
Posts: 3,110
Default Buying a first home: Las Vegas

I've been doing very well in poker recently and have decided to pursue a wise professional gambler ivesting strategy: spend your money before you lose it. I’m decided purchase a single family home/condo/townhouse in Las Vegas and am looking to spend 300-400k. I choose Las Vegas simply because I am a professional gambler.

-I am basically a total real estate noob and could use any advice I could get (along with book recommendations).

-I plan on putting down 100-130k. My credit score is around 740 and I only have a tax return for 2006 (with my own records for 2007). Will I have any problems getting a loan? Will my parents have to cosign?

I am looking for in order: safe area, baller factor (pool, hot tub, tile floors etc), closeness to strip.

I sincerely appreciate any help.
Reply With Quote
  #2  
Old 10-11-2007, 09:38 PM
stinkypete stinkypete is offline
Senior Member
 
Join Date: Jul 2004
Location: lost my luckbox
Posts: 5,723
Default Re: Buying a first home: Las Vegas

[ QUOTE ]
am looking to send 300-400k.

[/ QUOTE ]

stars account stinkypete13 plz
Reply With Quote
  #3  
Old 10-11-2007, 09:41 PM
technologic technologic is offline
Senior Member
 
Join Date: Nov 2003
Location: watching mussina sort of pwn
Posts: 3,055
Default Re: Buying a first home: Las Vegas

don't know much, but it seems like putting down 20%+ and having a 740 score should be enough to get the mortgage you need

wherever you live, you can just make renovations to make it baller, so that's not really an issue.
Reply With Quote
  #4  
Old 10-11-2007, 09:56 PM
ahnuld ahnuld is offline
Senior Member
 
Join Date: May 2005
Posts: 10,945
Default Re: Buying a first home: Las Vegas

I think you should hold off buying for a few more months. I have a feeling vegas RE hasnt gone down nearly as far as it will.
Reply With Quote
  #5  
Old 10-11-2007, 10:36 PM
good2cu good2cu is offline
Senior Member
 
Join Date: Mar 2005
Location: Blog Updated: 9/17
Posts: 3,110
Default Re: Buying a first home: Las Vegas

[ QUOTE ]
I think you should hold off buying for a few more months. I have a feeling vegas RE hasnt gone down nearly as far as it will.

[/ QUOTE ]

Have you been to michigan in decemeber?
Reply With Quote
  #6  
Old 10-11-2007, 10:44 PM
ahnuld ahnuld is offline
Senior Member
 
Join Date: May 2005
Posts: 10,945
Default Re: Buying a first home: Las Vegas

[ QUOTE ]
[ QUOTE ]
I think you should hold off buying for a few more months. I have a feeling vegas RE hasnt gone down nearly as far as it will.

[/ QUOTE ]

Have you been to michigan in decemeber?

[/ QUOTE ]

I live in canada lol, you get no pity from me. You can always rent for a few months.
Reply With Quote
  #7  
Old 10-12-2007, 02:00 AM
pig4bill pig4bill is offline
Senior Member
 
Join Date: Dec 2005
Posts: 2,658
Default Re: Buying a first home: Las Vegas

[ QUOTE ]
I think you should hold off buying for a few more years. I have a feeling vegas RE hasnt gone down nearly as far as it will.

[/ QUOTE ]

FYP
Reply With Quote
  #8  
Old 10-12-2007, 03:32 AM
maxtower maxtower is offline
Senior Member
 
Join Date: Sep 2005
Posts: 1,264
Default Re: Buying a first home: Las Vegas

http://macromarkets.com/csi_housing/MSA/las_vegas.asp

Check out where prices are headed in Vegas. You might want to wait awhile.
Reply With Quote
  #9  
Old 10-12-2007, 03:56 AM
john voight john voight is offline
Senior Member
 
Join Date: Apr 2006
Location: SALAZARRRRRRRR
Posts: 2,653
Default Re: Buying a first home: Las Vegas

wait like 2 years
Reply With Quote
  #10  
Old 10-12-2007, 07:49 AM
kamana kamana is offline
Member
 
Join Date: Mar 2005
Posts: 44
Default Re: Buying a first home: Las Vegas

wait at LEAST a year
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -4. The time now is 03:01 PM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.