Recently Funded Las Vegas Fix & Flip Loan
Our borrower purchased this home in Las Vegas, and was able to purchase, renovate, and sell in just over 2 months. Lantzman Lending provided the borrower with a loan for $255,000 on a purchase price of $255,000. Check out these photos from their stellar and efficient flip. The flip was successful, as the borrower closed on the resale for $440,000 after a total marketing time of only 4 days and closed in 21 days.
The Las Vegas real estate market has started to make the turn upwards after 9 months of dropping by about 7%. The median home price now at around $395,000. The market has been flat to slightly increasing since the beginning of the summer.
According to Zillow, home prices in the Las Vegas metro area grew 0.5 percent from April to May, which is lower than the other 49 cities. The average price for a home in this area is $400,274, which is a 6.9 percent drop from this time last year and the fifth-largest decline in the country among major cities.
If you are looking to get a quote quickly on your next investment in Las Vegas then follow this link: https://www.lantzmanlending.com/get-instant-quote/