Posts Tagged ‘Been’

Has anyone been to “Old Las Vegas”?

I’m going to Las Vegas in a few weeks and haven’t booked the hotel yet. I’m not worried, there’s a million places and a ton of availability (I checked). I’m thinking about spending one night in Old Las Vegas, just to get a feel for the place.

Has anyone ever stayed at a hotel there? If so, what would you recommend? Any advice is very appreciated. Thank you!
It would seem the Golden Nugget is the general consensus. Thanks for your help guys! It’s only for one night to get the “Old Vegas” experience. I probably won’t be there that much, I just didn’t want it to be a dump.

Thanks again!

Anyone been to the Mandara Spa recently at the Paris Las Vegas? I need input before I spend too much! Thanks.?

We are celebrating a special occasion soon and I’ve booked four hours each for myself and my bf at the Mandara Spa at the Paris Las Vegas. It’s going to be very costly and I want to make sure it’s a good experience. I just read a bunch of really bad reviews and now I’m scared! If anyone has been there recently, can you give me your insights please (good and bad)? Thanks!

Have you ever been in Las Vegas airport in the AM & more people are pooping then there are waiting for planes?

I swear you’d think everyone was pregnant with laxatives.

Cancun Nightlife – Who’s been out at night in Cancun?

Saw all these awesome clubs in cancun! For example Daddy O, The City, Coco Bongo. What are the prices? Is there long lines and what is the cost??. I don’t want it to be like Las Vegas where only a “few” get in. I just want to go to the best nighclubs and want to be sure that I’ll get in. Let me know what I have to do to make sure I get in. I made a online reservation an the City nightclub but not sure how effective that is. Oh & should I get there early???

Oh & I’m going May 27 for ten days!!!

Buying Foreclosures in Las Vegas Has Never Been Easier!

In its January 11th, 2009 issue The New York Times heralded Las Vegas as its “Frugal Destination of the Year,” proclaiming that “Las Vegas has been buffeted by the economic crisis, and deals are plentiful along the Strip.” According to Dr. R. Keith Scher, director of the Center for Business and Economic Research at the University of Nevada, occupancy rates in the city’s 141,000 hotel rooms are down 15%. This results in great deals on accommodations all along the spectrum…from the high end 4 and 5 star properties through the bargain destinations downtown. The Times says that restaurants and shows are also getting in on the act, with performances like Cirque du Soleil offering discounted tickets for the first time in history.

And if bargain food, lodging and fun aren’t enough reason to visit Sin City, Las Vegas also happens to be the largest foreclosure market in America. Properties are selling for 30% of their highs two years ago and are showing strong cash flow for the first time in decades. Now is definitely the time to stay, play and buy in Las Vegas.

As a full time real estate investor, I have been buying and selling in the Las Vegas market for the last 5 years, and the deals that I have seen in the last several months have been better than ever before.

Here are just a few examples of recent transactions that I have brokered for my clients:

7461 Enviable Ct. – This is a 3 BD/3BA, 1300 sq. ft. property that was listed at 109K. We negotiated down to 90K with a cash purchase. The property should rent for around $1395 which, even had the client needed to secure a loan to purchase, would still provide for monthly cash flow between $500 and $700.

Regent Condominiums Unit 1105 – This is a 2BD/2BA, 1247 sq. ft. condo that we wrapped up at $64,000. It sold new in 2004 for $163,400. We secured a renter for the property at $965/mo. the day it closed escrow. This resulted in a positive cash flow for the buyer of over $600 per month.

9502 Milkweed Canyon – This is a 4BD/2.5BA, 1559 sq. ft. home that sold new in 2006 for 257K. We picked it up at 107K. It should rent for between $1200 and $1500, resulting in a positive cash flow on a traditional P&I loan of $490 to $620/mo.

These are incredible opportunities and we are having tremendous success negotiating with sellers to bring already bargain properties down another 10 – 20% from their list prices. This is definitely a great time to buy in the Las Vegas real estate marketplace and we expect the opportunity to continue for another several months at least.