Reno Real Estate Market * News - Real Estate - Business _ Reno Nv Nevada

Flipping Reno Real Estate

The stigma regarding flipping real estate properties came about in the 1990's. According to Michael Urbanski, CEO of USHUD.COM (TM), a subsidiary of Heavy Hammer, "Flipping today is different than it was in the 1990s. To the savvy investor, flipping real estate means that the home buyer takes the title to the property as they should, renovations are made and the house is then put back on the market and sold at a higher price. Urbanski also states that according to data released from USHUD.COM, trends are showing the foreclosure rate in the US is on the rise. With interest rate only and other special mortgages, buyers are actually able to purchase more house than they can afford. These special loans are eventually converted into higher interest loans and fixed rate loans and for most people this will be devastating.

With HUD selling more than 15,000 properties a month, the shear volume offers the best opportunities available in real estate today. With the cost of $45 per day per property to maintain the inventory list (over $20 million a month) there is a sense of urgency to sell the properties as quickly as possible. This in turn is creating the best opportunity for investors to get into the foreclosure market now.

The National Association of Realtors in Washington, DC released a survey earlier this year indicating that over 20% of all residential real estate transactions in the US last year went to investors rather than buyers looking for a home. Reno Nevada is especially noticed an increase of real estate flipping. The website RenoRealEstateMarket.com reports an increase in some properties from week to week by as much as 30%. Reno Real Estate is now becoming some of the most highly sought after property anywhere.


Zane Durant Editor - September 27, 2005 * Reno Nevada News


Reno Nevada News: September 27, 2005

Metallic Ventures Gold Inc. Plans Additional Drilling Program At ...
Canada NewsWire (press release) - Canada
... The Goldfield project is located about 270 miles southeast of Reno Nevada and is an historic high grade district which produced more than 4,000,000 ounces of ...

Vista Gold Corp. Announces Updated Feasibility Study for the ...
Canada NewsWire (press release) - Canada
... The updated study was issued on September 23, 2005, by Mine Development Associates (MDA) of Reno, Nevada, an independent consulting firm, in accordance with ...

Board of Regents to accept county's bid for Reno property
KRNV - Reno,NV,USA
... in Las Vegas to sell the 55-acre parcel on the corner of Mill Street and South McCarran Boulevard, part of the University of Nevada, Reno's agriculture college ...
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Report: Teenage traffic accidents on rise in Nevada
KRNV - Reno,NV,USA
... report, teenage traffic accidents are on the rise in Nevada, with teens much more likely to have an accident than drivers in their 20s. A Reno Gazette-Journal ...
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Motorcycle accidents increase with Reno event in full gear
KRNV - Reno,NV,USA
Three motorcyclists have been killed in traffic accidents during the annual Street Vibrations motorcycle festival in Reno. And Nevada Highway Patrol troopers ...
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Reno Real Estate Market Feature: Real Estate Today

Career changes lead locals to real estate
Vail Daily News - Vail,CO,USA
... So he turned his eyes to selling real estate. ... More and more people are making that jump into the valley's hot real estate market. ...
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Naples Florida Real Estate Brokers and Agents Are About To See ...
TMCnet (press release) - USA
... 26, 2005 -- Real Estate Search Marketing(TM) www.realestatesearchmarketing.com sees dramatic change coming to the real estate business for all Naples brokers ...
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SSgA/Tuckerman Liquid 40 European Real Estate Index Strategy ...
Business Wire (press release) - San Francisco,CA,USA
26, 2005--The Tuckerman Group (Tuckerman), a real estate investment management and advisory firm and member of State Street Global Alliance, LLC, announced ...
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Real Estate Flipping and Foreclosure Trends Continue to Rise ...
PR Newswire (press release) - New York,NY,USA
ANNAPOLIS, Md., Sept. 26 /PRNewswire/ -- The stigma regarding flipping real estate properties came about in the 1990's. According ...

Former NFL Player Launches Specialized Real Estate Company
PR Newswire (press release) - New York,NY,USA
... Football League player Hardy Nickerson, and his wife, Amy, today announced the establishment of a specialized company that provides real estate services to ...

First American Commercial Real Estate Services Expands National ...
PR Newswire (press release) - New York,NY,USA
26 /PRNewswire-FirstCall/ -- First American Commercial Real Estate Services, Inc., a member of The First American Corporation (NYSE: FAF) family of companies ...
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Legacy Hotels Real Estate Investment Trust Announces Third Quarter ...
Canada NewsWire (press release) - Canada
26 /CNW/ - Legacy Hotels Real Estate Investment Trust ("Legacy") (TSX: LGY.UN) will release its third quarter financial results on October 24, 2005 to be ...
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Elran, UK fund set up European real estate investment co
Globes - Rishon Le-Zion,Israel
... Elran announced yesterday that its subsidiary, Elran Real Estate Ltd., had signed an MOU with a UK investment fund to set up a joint investment company in real ...
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'Advanced Like Kind Real Estate Exchanges' Offered by Lorman ...
PR Web (press release) - Ferndale,WA,USA
This 'Advanced Like Kind Real Estate Exchanges' seminar to be held November 17, 2005 in Folsom, Calif., will cover both the basic and advanced aspects of ...
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Durango Georgia Paper Bankruptcy Estate Auction to be Held at ...
PR Newswire (press release) - New York,NY,USA
... Hilco Real Estate, LLC of Northbrook, Illinois, is the exclusive real estate advisor to the Durango estate, and the company played a key role in the process ...


Reno Nevada News Feature: Business Watch

New Orleans Business Owners Set to Return
New York Times - United States
24 - Business owners can return to the dry neighborhood of Algiers and the central business district in New Orleans as soon as Monday, Mayor C. Ray Nagin said ...
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US Small Business Administration Stands Ready to Assist Victims of ...
PR Newswire (press release) - New York,NY,USA
... victims of Hurricane Rita. The Small Business Administration is ready to assist those hurt by this powerful storm. As a result of ...
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Business Meetings and Seminars
South Bend Tribune - South Bend,IN,USA
A group discussion, contrasting executive management styles and how to coach business leaders will be the focus of the meeting. ...
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NEW BUSINESS SPOTLIGHT
Arkansas Democrat-Gazette (subscription) - Little Rock,AR,USA
... store in June 2005. Growing up in North Little Rock, she said her family always had a small business. Her parents, both pharmacists ...
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BUSINESS CALENDAR
Arkansas Democrat-Gazette (subscription) - Little Rock,AR,USA
Tickets are available for the 2005 Northwest Arkansas Business Women's Conference, which will be held Tuesday at the Clarion Hotel and Convention Center. ...

Business Calendar
Inside Bay Area - CA,USA
... wishrm.org. - The IBI Global Bay Area Business Owner & Enterpreneur Club will be meeting from 7 to 9:30 pm on Wednesday, Oct. 19 ...
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BUSINESS GALLERY
Arkansas Democrat-Gazette (subscription) - Little Rock,AR,USA
... Information about promotions, appointments, awards and new employees can be addressed to Business Matters, 515 Enterprise Drive, Suite 106, Lowell, Ark. ...
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Business leaders must continue the call for affordable housing
Portsmouth Herald News - Portsmouth,NH,USA
Business leaders are beating the drums once more for additional affordable housing on the Seacoast. The call has echoed for close ...

Business agenda
Cincinnati Enquirer - Cincinnati,OH,USA
... 3227. Business Network International, Commonwealth chapter: 11:30 am weekly, Holiday Inn, Covington, 600 W. Third St., Covington. ...

BUSINESS CALENDAR
Birmingham News - Birmingham,AL,USA
... tevans@dhr.state.al.us. Business Network International. ... 980-6131 or admin@mosergroup.net. National Association of Women Business Owners, Alabama Chapter. ...
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Reno Nevada News * Reno Real Estate Market * Zane Durant, Editor