Property Description

Art Spector MBA, 1031 Creative Real Estate Exchanges and property trades or swaps, pool, 1 story, corner lot, IRS, save on taxes, defer, barter, exchange, trade, luxury, family, good neighborhood, desirable, cash flow, positive, flexible and reasonable, property, broker, give or take, national or local, Las Vegas, Nevada, NV, AZ, NM, UT, CO, OWC, note, loan, carry, financing, buy, sell, townhouse, house, condo, residence, land, acreage, owner carry, low cash down, trust deed, mortgage, owner financing, low cost, no up front fees, low down payment

PROPERTY DESCRIPTION

National Council of Exchangors Form

Value: $

375,000

Loans: $

Title:

Las Vegas, NV - 1 story SFR - Pool - Corner Lot

Equity: $

375,000

Fee:

YKYIKM

Have:	SFR; 1 story; 4 bedrooms - 2 baths - 2.50 car garage. 15' X 30' in-ground pool. 79' X 100' corner lot. Mature landscaping. Tall trees. 1,753 SF. Stucco with shingle roof. Highly Redecorated. No H.O.A. dues. Minimal CCR's. Built 1973. Desirable family neighborhood and area. About 5 blocks to 6 strip centers & 2 schools.
Location:	3688 Susana Street Las Vegas, NV 89121-3548 [1 block West of the I/S of S. Sandhill Road & E. Twain Avenue. About 4 miles East of the "Las Vegas Strip".
Benefits Offered:	Resort lifestyle. Easily rented or your retirement home. Near all services. "No Tax" Nevada. Fishing, boating & snow skiing just 1 hour away. Owner-will-carry, SUBJECT.

Income & Expense	Gross Sched. Income	Vacancy	Gross Operating Income	Expense	Net Operating Income	Debt Service	Cash Flow	Cap Rate
Projected	30,000	1,500	28,500	5,200	23,300	0	23,300	8.47
Loans	Balance	As of Date	Payment	Ann. Pmts	Int. Rate	Due Date	Loan Type
Loan 1	0		0	0	0.00
Loan 2	0		0	0	0.00
Other(s)	0		0	0	0.00

Benefits Sought:	$125K +/- F/C sub-dividable acreage with ALL utilities OR other property. OWC $250K @ 9%/20 years, FULLY AMORTIZED MONTHLY, +/-. NO BALLOON NOTE ! The first 120 exact scheduled PITI payments are mandatory vs a $25,000 prepayment penalty. Usual impounds, NV escrow, and collection account at taker expense. Flexible! ALL SUBJECT TO WEBSITE DISCLAIMER
Don't Want:	Junk, Weak TD's, remote land, problems/other, except at "DEEP DISCOUNT".
Can Adds:	None offered. Want "downtrade".
Remarks:	I'd want to lease the LV house back for 1 to 3 months, after COE, at taker's PITI.
Owner:	Arthur Spector Trust; Investments; Lender.

ID:	APN: 161-18-215-030	Type: SFR
Trustee:	Art Spector, M.B.A.
	Creative Real Estate Exchanges
	3688 Susana Street
	Las Vegas NV 89121-3548 U.S.A.
	Art@art1031.com