The Leading Web Directory of Real Estate Investing Resources that will teach you how to Make Money by Investing in Real Estate.
The World's Largest Directory of Resources for Real Estate Investors
Home Courses Books Tapes Software Services Gurus
Subscribe to our "What's New" newsletter!
Learn how to make a Fortune Investing in Real Estate
Visit Real Estate Investing Depot Shop

Las Vegas Condos: Never Again
   by Chuck and Sue DeFiore   

  This was an individual we had spoken to and sent information to several months earlier, that if the sale process didn't work to give us a call. (Remember, always follow-up). She called and we went to look at the condo and have her sign the paperwork. It was a 1400 square foot, 3 bd. 2-1/2 ba, split, small backyard, community pool and spa. Only 3 years old. Very nice layout. She was leaving all the appliances.

  We placed our ad, flyers and signs in the area. The end of the first week, we got a call from a women who wanted to see it, and she loved it. She gave us a substantial deposit. Her credit checked out. We called the owner and told her we had someone. The owner was thrilled. We called the tenant/buyer Monday of the following week to set up a time to finish the paperwork. She wasn't there, so we spoke with her husband.

  Well to make a long story short, we never heard from her again. We spoke with the husband, apparently, the son was hurt at school and she went out of town to be with him. Only in Las Vegas does this happen. However, with our Finance Summary form that indicates deposits are non-refundable for any reason other than rejection of the application we were covered.

  At this point, we continued with our marketing of the property. The owner was impatient, and upset that the tenant/buyer flaked out (a common occurrence in Las Vegas). The owner just wanted to rent it. We told her fine. Since our expenses were already reimbursed with the deposit money, we walked away.

  This was the last condo we ever did, or will do in the Las Vegas area.

Copyright DeFiore Enterprises 2000

Interested in having your own successful, home based creative real estate investing business? Chuck and Sue have been helping folks start successful home based businesses for over 17 years, and we can help you too! To see how, visit for the latest FREE tips and tricks, educational products and coaching in creative real estate investing and home based businesses.
Back to Real Estate Investing Articles

[ What's New | What's Popular | Our Forums | Links to REI Forums | Real Estate News | Free Resources | Links ]

© 2001, 2002 The Real Estate Investing Depot