Search Listings
Search Rentals
View All Listings
AGENTS
Signup
Here
View Agents
Members
Member Signup
Member Login
| Las Vegas Investment Property - Investing Tips and Advice |
| by: Mark Goldberg |
There is a saying when you talk to the locals about Las Vegas real estate investing and that saying is this “Las Vegas will continue to grow... As long as there’s water” and I believe this to be true. Las Vegas is a city that is known not only for it’s gambling but for it’s exciting nightlife and top shelf entertainment. If you’re interested in learning about Las Vegas investment properties then this article is a must. I’ll go over some key factors about the investment property market as well as what brings all the money, I mean people to this little Nevada town. I believe the reason Las Vegas is exploding on the investment real estate scene is because of several factors. I’ll write them out in bulleted points for easy browsing: 1. People Spend Money on Vacation - What I mean here is that when people go on vacation they spend money. At home it maybe saving coupons and rationing out the kid’s cell phone usage but on vacation most people just want to just kick back and have fun regardless of cost. How does this relate to Las Vegas investment Real Estate properties? Well what people need to understand is that investment properties are only worth while if people are renting out the rooms. If people stopped staying there these luxurious hirise condo hotels (condotels) wouldn’t be in high demand and thus wouldn’t grow at the alarming rate they have been over the last few years. The fact is that one of the main factors investment real estate properties are doing so well is because when people go to Las Vegas they want the best room they can afford and if this means shelling out an extra $200 a night they’ll do it. In Las Vegas anyone can live like a celebrity, at least for a week. 2. Las Vegas is Built on Money - Las Vegas is one of the few places you can go and willingly spend thousands of dollars for a few hours of fun. It almost makes me laugh when I hear people complaining that amusement park tickets in Orlando are so ridiculously high when these same people talk about how they dropped $1400 on a night of roulette. Las Vegas is a town that has perfected the art of taking people’s money and having them walk away happy. So what’s a $300 a night on a room if your spending $500-1000 a night at the casino. 3. Image is Everything - For those of you that have visited Las Vegas you’re probably well aware image is everything. Image. If you’re visiting Las Vegas chances are you don’t want the whole casino to know you’re staying at the Motel Six 15 blocks away from the strip. The Las Vegas culture causes even the most humble people to bend the truth to make themselves feel a little more secure. What this means for the Las Vegas investment property industry is that many people will stay at upscale brand name hotels simply for bragging rights at the casino that night. As soon as you arrive in Las Vegas it becomes clear that you’re stepping into a whole new world. It’s a whole city that has combined it’s forces to attract people from all over the world and entertain them to the best of it’s abilities no matter what they’re into. No other city has done a better job of creating a more welcoming persona then Las Vegas and this not only brings a huge amount of visitors but a huge amount of real estate investors and developers as well. Many experienced investors believe that within a few years Las Vegas investment properties will be some of the highest priced per squarefoot in the country and Las Vegas will grow several smaller “strips” that will all share an unique identity i.e. one strip may concentrate on just families while another caters to just the elite VIP guests. It’s hardest to guess the direction that Las Vegas will go mainly because it’s growing so fast by the time you slow down and take it all in it’s already moved in another direction. Goldberg Executive Realty Group Mark Goldberg Phone: 1-866-247-2259 E-mail: GoldbergRealtyGroup@cfl.rr.com If you are looking for more information on the Las Vegas investment property market feel free to visit our website www.investrealestate101.com or call with any questions. |
EasyFind-Estate.com © 2007. All Rights Reserved.