Las Vegas real estate offers many opportunities catering to every need, be it retirement residence, Luxury Homes, Golf Course Communities and more.  Apart from being the world famous resort destination, with its phenomenal hotel, casinos, shopping venues, world-famous restaurants, variety of outdoor activities and recreation, Las Vegas is also a great place for living die to its great climate, breathtaking views, luxury lifestyle, relatively low costs of living and of course, absence of personal income taxes. All of these factors have been driving influx of real estate investors from all over the country and abroad to look into Las Vegas opportunities. Being rated number one in the top ten list of ‘Best Undervalued Cities to Live’ by the US News and the World report, Las Vegas potential appeals to many savvy home buyers.

Las Vegas listings of properties for sale have been disappearing at astonishing speed. It’s hard to underestimate the value of investment in distressed properties that sell for 50%, or less of their original price.  Cheap houses for sale in Vegas, including foreclosed properties, reo-owned properties and short sales have been a hit with US and foreign investors. The sales numbers have hit though the roof, majority being cash transactions.

Many Canadians have recognized the opportunity to cash in on Las Vegas real estate. Millhouse Ventures offers their services to those willing to profit from Las Vegas real estate investment as part of their portfolio. Whether it’s one property, or a group of properties, Millhouse Ventures has the expertise to assist you get the highest returns on your investment.

Las Vegas is among the fastest growing cities in the US and one of the fastest-recovering real estate markets.  Even after being hit by the recent housing crisis, the city still continues to expand and thrive. Thousands of properties have been listed for sale, and they are selling at a record speed. Majority of the listings being resale homes, these are the properties that were foreclosed during recession, reo- properties and short sales.  While real estate market country – wide is still limping and struggling to recover, Las Vegas shows very promising potential. Employment is bound to grow with many mega-resorts in planning for the near future. Multi-billion development projects have been planned for the next few years; many job openings will be created to be filled by the current residents and the future residents. All of this population will need housing thereby boosting real estate growth.

Many investors have been attracted to Las Vegas real estate market incentivized by its growth potential.  Whether purchasing properties for own use, or for rental properties, those properties are bound to appreciate in  value given the city flourishing and development.  When looking at the current bargain prices of foreclosed condos and houses that are well below their peak price, the value of Las Vegas real estate becomes evident. Many companies are offering consulting in real estate investment specializing in Las Vegas real estate. Millhouse Ventures is one of such companies offering Canadians a chance to profit from investment in  Las Vegas and area. Relying on years of experience and professional expertise, Millhouse Ventures will evaluate your needs and help to customize your portfolio with the utmost benefits in mind.

If you are looking to invest in a real estate property, there might not be a better time than now. The recent crash of the real estate and credit markets resulting in a massive tide of foreclosures created an unprecedented opportunity for investors to profit from purchase of incredibly cheap real estate.

Once thriving markets in the states of California, South and North Carolina,  Arizona, Nevada and the rest of the Sunbelt region have experienced a deep plunge with their depreciated properties and halted activity. Thousands of properties have been foreclosed, repossessed by banks and offered for short sales, due to defaults on mortgage payments by the homeowners. While the market has been slow to recover, many investors have capitalized on the created opportunity of purchasing cheap real estate assets.

Las Vegas, in particular, was chosen #1 on the top ten list of The Best Undervalued Cities to live by the US News and World report.  It offers a superb quality of life that caters to every generation, its many attractions range from the world-famous hotels and casinos, exclusive shopping malls, supreme choice of restaurants to a variety of outdoor recreation and activities. In addition, great weather year-round, low cost of living,  absence of personal income taxes make Las Vegas real estate a top choice for investment, whether for own residence or for rental use.

Las Vegas real estate market statistics show that it recently has seen a hike in resale home purchases,  especially Las Vegas foreclosed properties, reo-properties and short sales. Las Vegas foreclosed condos and houses can now be purchased for a fraction of their previous cost thereby drawing supreme attention of US and foreign investors.

Millhouse Ventures Ltd introduces an opportunity of investment in Las Vegas Real Estate which is now among the hottest US markets. Investors from all over the US and outside of it have been lured to South Nevada area as it is teeming with cheap houses due to foreclosures and bank repossessions. These foreclosed properties and reo-properties present a very promising prospect investment with a potential of high returns. Homebuyers investing in  Las Vegas real estate recognize this potential of Las Vegas foreclosed properties and many purchase houses with one cash payments. In fact, such large volume of buying transactions involved foreclosed properties and bank-owned properties that they now dominate Las Vegas real estate market. Short sales as an alternative to foreclosures, are more profitable for the banks and a less competitive option for the buyers. Statistics show great ROI number on Las Vegas real estate investment which make it a prudent choice for any portfolio.

Millhouse Ventures LTD specializes in distressed single-family homes in Las Vegas and area. The company business model allows its investors to capitalize on the unique opportunities recently created in the US market. It has an expertise to structure the best case scenario for each portfolio, whether it includes a short-term or a long-term hold, or a rental option. Company projects involve either a single asset, or a group of asset to suit investors’ needs. Millhouse Ventures is committed to provide high returns to its investors, while operating in a systematic, time-tested methodology backed by years of experience.

11)       Millhouse Ventures LTD is an investment company specializing in distressed properties in Las Vegas and the area. The company taps into investment opportunities emerging in the newly revived US real estate market.  ‘Distressed properties’ refers to residential properties that were foreclosed due to the housing and credit market crash, thereby resulting  in dramatic price decline.

In the recent recession, the US real estate market took an unprecedented downturn, when colossal amounts of house owners defaulted on their mortgage payments and lost their properties to banks and real estate firms. Now many realize the opportunity to invest in those assets as the market is slowly making its way to recovery.

Millhouse recognizes the potential of investment in the Sunbelt region, mainly due to its demographic and migration patterns and an attractive climate. The company places capital in favourable areas that score high on the job development, infrastructure investment and high population growth.

Las Vegas real estate has been long a lucrative destination for real estate investors. Foreclosed condos and houses in Las Vegas can now be purchased for half or less of their peak price. By incorporating those bank and reo properties in the investment portfolio, the company succeeds in creating and capturing value and offering exceptional returns. The investors may expect preferential returns, profit participation and low risk associated with investment in Las Vegas real estate.

The company commits to providing high returns on investors’ portfolio, moreover, it offers professional expertise, civic responsibility and integrity in all dealings with clients.

According to UNLV recent research, Las Vegas might be well on its way to a housing recovery. Good indicators are retail sales , tourism and gaming numbers which are the main  factors  in the Vegas economy. Even though tourism and gaming have been sluggish, the numbers are growing compared to the previous couple of years. US economy has been slow to pick up after recession, and has been growing at a slower rate than before the crisis.  It might take years to recover but at least it’s unlikely to turn into a ‘double-dip’ recession.

Corporate rising profits has allowed companies to recruit new employees thereby triggering payroll employment growth. Even though new employment means adjustment to a career change for many, healthy employment numbers along with the appreciating housing prices are beacons for an economy recovery.

Recent years’ Las Vegas foreclosures translate into short sales of reo properties which created a tide of foreign investment in real estate. Las Vegas real estate has been hit the hardest by the recession and it also see the highest rates of appreciation thereby luring a lot of investment capital into the city. Las Vegas foresclosure listings are quickly snatched off the market by investors who see the value of Las Vegas real estate.

Even with the recent frenzy of real estate activity in Nevada, local realtors are unsure how long is that market will stay active. Most of the recent transactions were in the resale-homes sector, Las Vegas foreclosures and reo-properties at depreciated prices. New homes sector hasn’t seen as much activity although been on the rise as well. Because of the slowly rising prices of real estate in Las Vegas many investors realized the value of Las Vegas foreclosure listings and bank owned properties  and rushed to cash in. Las Vegas short sales and reo properties were flying  at a record speed, many of them within days or even hours. At such speed the inventory of depreciated property is not expected to last very long, possibly making a current Las Vegas real estate rush a temporary and short-lived trend.

However, many other factors weigh in when considering buying Las Vegas real estate. Nevada, along with Arizona and New Mexico have long been coveted destination for retirement. Those baby boomers in a financial position to afford a retirement residence in a warmer resort town have good reasons to opt for Las Vegas real estate. Las Vegas real estate investment fares high in terms of weather, entertainment and the cost of living. Retired citizens would be in a better position to buy because they are easier qualified for loans, lower cost of living and a  lack of a personal income tax. Also, with the better performing stock market they will be in a better financial position to purchase real estate.

Las Vegas real estate market has been among the hardest-hit in the country during the recession and the housing slump.            Some statistics report about 60% decline in housing priced compared to 2006.  High rates of delinquency on mortgage payments resulted in condo foreclosures and repossession by REO-s. This huge inventory of vacant homes created a unique opportunity for Las Vegas real estate investors and first–time home buyers.  Recently revived housing market in California combined with abundance of cheap houses for sale in Las Vegas is what driving up the real estate activity in the plagued US housing sector. Foreclosed properties are very competitive and once come out on the market, are bought within days if not hours. Many investors seize the opportunity and often purchase Las Vegas foreclosures and reo-properties with one cash payment. Along with the reduction in Las Vegas foreclosures listings due to re-sale activity, less homes are being foreclosed due to mortgage payments delinquency. The rate of delinquencies went down for the first time in three years. Some other factors indicate slow economic recovery – increase of the payroll employment rates, revival of tourism and gambling industries. Those tendencies can be seen as a sign of hope for Las Vegas real estate industry, and overall US real estate  market.

Despite the looming hope, there is a long way still to a full recovery. Last year Las Vegas still held the record of foreclosures and mortgage delinquencies in the country. About a quarter of Nevada mortgage payments were behind 1 month or more.

Recent couple of years have seen an increasing trend in Las Vegas real estate investment, due to drastically  depreciated prices of Las Vegas foreclosures and REO-properties. Tides of investors have bought into Las Vegas real estate with hopes to turn it into rental properties thereby creating cash flow. However, in still not-so-stable market, those investors have raised concerns as to whether they’d be able to actually rent out those properties. According to statistics, buying real estate in Las Vegas might actually be a shrewd strategy. Even though, with the recovering economy, rentals have just started slowly increasing and vacancy rates are still high, those rates mainly account for rentals in apartment buildings rather than single-family homes, townhouses or condos. Many families forced out of their homes due to foreclosures are now turning to back to rental market that will match their previous lifestyle, namely, condos townhouses and singe-detached homes.

Those investors who took the risk and bought out Las Vegas foreclosures and REO-properties, are now seeing nice returns on their investment. According to Las Vegas real estate firms’ statistics, most homes sold in the recent months have high occupancy rates close to 95%. Even though rental rated have dropped following the housing crisis, home prices dropped at much higher percentage. Breakdown of the financial figures shows that houses can be now purchase at about 30% of their previous price and the cash flow from the rental yields well over the traditional 1%.(1% is the required rental rate in order to yield positive cash flow).

In March last year, Las Vegas real estate market has seen a substantial increase in home sales compared to previous months. According to the Us Realtors Association Rick Shelton, the increase is likely due to soon-to-expire federal tax break on home sales combined with the hopes for recovery in the Las Vegas real estate market. While the new home sales are on the slow rise, the most sales come from the resale-homes market. Although Las Vegas Foreclosures listings have dropped from 80%  to about 50% from all home sales last year, REO-properties(properties repossessed by banks or real estate firms after foreclosure) and short sales( home sold for less than their mortgage value) still comprise majority of resale home transactions. Abundance of cheap houses for sale in Las Vegas due to house and condo foreclosures  led to a purchasing boom, increasing a total number of transactions involving REO-properties. It is estimated that Las Vegas real estate property prices will continue to rise, due to the turnaround of the recovering economy. Although the statistics still show low income percentage form tourism and gambling industries which are the driving factors of Southern Nevada economy, those numbers are up from the previous couple of years and likely will continue to rise. The world economy is slowly coming out of recession bringing back up the employment levels and along with the employment recovery, improved health of the housing market. According to some estimates, it might take some 5 years for the housing prices to climb back up, and we are currently in the middle of that cycle.

According to US realtors, Las Vegas real estate Investment now represents one of the most brilliant  opportunities ever seen in the real estate market. After seeing the worst price decline in the housing crisis of 2007-2009, now the median home prices slowly start to stabilize again.  The recovering market attracts many buyers who hope to ride the new wave of market price increase. Las Vegas foreclosures hit the record numbers during the crisis thereby nearly snapping home prices in half or more. Thousands of houses are being resold monthly in Las Vegas and area at record speed. Las Vegas real estate bargain deals lure many foreign investors, particularly from Canada. Previously retreating to the South for the winter escape, now Canadians have an additional interest in visiting the neighbour States. Las Vegas investment is an attractive option for buyers due to warm climate, high availability of plane flights and all the imaginable entertainment and the lifestyle the city has to offer. Canadians invest in Las Vegas real estate both for the purposes of generating rental income and for own resort stay.

Last year alone, about 60% of cheap houses for sale in Las Vegas and the area houses  were sold in 60 days, with about half of all sales being cash transactions. Real estate in Las Vegas is indeed a fantastic find for those hoping the housing  market will continue to recover. The current trade of massive purchasing in fact is a promise of almost certain rise in housing market  prices.