I’ve opened my own brokerage, Neighborhood Realty, in the southwest area. I’ve hired more agents, more assistants, and yes, you’re probably the last to know. I’ve done you a disservice, and I apologize – you’ll all be invited to the Grand Opening soon!

It’s all good for my Las Vegas Advisor readers and my buyers and sellers, but I just haven’t been able to find the time to stay in touch via my blog. We are already among the busiest brokerages in the Las Vegas area, and I just can’t put aside writing offers and closing deals. But that’s not fair to you, so I forced myself to hire a licensed agent who is also my marketing assistant. Welcome aboard Tracy Castro-Aguilar. Tracy cracked the whip, and House Advantage is back. Our Facebook page is up, and I’m Tweeting market updates much more frequently.

My sincere apologies – I have been a bit overwhelmed. After 3 years in the top 2% of agents in the valley – and in the top handful of buyers agents – it was time to open my own brokerage. Stop by to say “hello” and check out our gorgeous new offices when you get a chance.

Now to my point – and I really do have one. Some exciting news for investors. As of August 20, the 6-month seasoning requirement for cash-out refis will no longer be an impediment for investors looking to buy and then pull their cash out quickly for their next investment home purchase.

There are some guidelines, of course. The purchase must be arms length, and the money for the original cash purchase will need to be documented. There are a few other easy hurdles; call my office, 702.949.0790, if you need a referral to a lender for more details.

This is probably the best news Mack & Wendy could get right now. These clients have $100,000 cash, and wanted to buy their first Las Vegas rental home. I’d already suggested we use leverage to get them into 3 or 4 rental homes (while they’re practically giving these things away!). This gives them the ability to have cash quickly for each purchase, rather than secure one mortgage at a time.

Welcome to the Neighborhood!