There's a desert town in Nevada that could be yours for a cool 8 million.

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There's a desert town in Nevada that could be yours for a cool 8 million.

Cal Nev Ari is a 640- acre town located roughly 60 miles south of Las Vegas.  About 350 People live there.  The sale includes the towns facilities - a casino, restaurant, motel, convenience store and a mobile home park - plus an additional 520 acres that remain undeveloped.  

"It's a very large Tract of contiguous land, which is rare in Nevada since the federal government owns 80% of the land in the state," explained listing agent Fred Marik. 

Pilots might also be interested in the town.  It was an abandoned  World War II airstrip for General George Patton and currently has a residential airpark with a dirt runway. Many of the homeowners have airplane hangers.  

 

 

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Finance News: 6 Myths About Credit Scores

It is confusing, intimidating, and misunderstood.

What is IT? CREDIT.

According to Investopedia.com, the definition of a Credit Score is: 

A FICO score is the most widely used credit scoring system. FICO is an acronym for Fair Isaac Corporation, the company that provides the credit score model to financial institutions. There are other providers of credit scoring systems as well. Consumers can typically keep their credit scores high by maintaining a long history of always paying their bills on time and not having too much debt.

A credit score plays a large role in a lender's decision to extend credit and under what terms. For example, borrowers with a credit score that is under 600 will be unable to receive a prime mortgage and will typically need to go to a subprime lender for a subprime mortgage, which will typically have a higher interest rate.

Having great credit is necessary if you intend to buy a house. Educate yourself, take charge of your credit and don't be fooled by these myths!

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