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Las Vegas Real Estate Investment – Why You Can Make Money Investing There

Las Vegas epitomizes the glitzy and glamorous way of life. It is the playground of the rich and famous. The world famous casinos, music theaters, luxury hotels and theme amusement centers make Las Vegas real estate investment a worthwhile choice to consider.

Las Vegas is located in the state of Nevada and was a sleepy little town until the 1930s. With the growth in the hospitality and entertainment industry, it acquired the sheen of a perfect destination for relaxation. Casinos where one could splurge as if there was no tomorrow and the luxury hotels to cater to the whims of the super rich have created a boom in real estate in the city.

Las Vegas real estate investment is profitable primarily because the city is registering growing traffic due to the gaming industry and business convention meetings. The luxury hotels cater to the high-end segment and there is a demand for affordable accommodation for the large number of families arriving as tourists.

There are some compelling reasons why you can make money in Las Vegas real estate investment.

• The strip on which most of the attractions of Las Vegas are located commands a premium. Therefore, finding a suitable property close to the strip would allow you higher rental yields. Some developers, especially of resorts, have created apartments that they rent out on your behalf. Las Vegas is a popular destination for family vacations and endless hours of shopping. Prime commercial property would translate into good rentals and high capital appreciation.

• If you cannot afford the city center, then think of property in any of the redeveloped areas. These have been earmarked by the Nevada administration to ease congestion on the central districts while attracting further investment.

• Las Vegas is close to the Nellis Air Force Base. Employees of the base would need businesses to cater to their needs. Commercial property in the area would mean good rentals from companies that wish to provide different services.

Copyright © 2006 Joel Teo. All rights reserved.

Be the first to comment - What do you think?  Posted by - July 5, 2010 at 12:47 am

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NJ woman charged in NY in $45M real estate swindle

NJ woman charged in NY in $45M real estate swindle
A New Jersey woman swindled $45 million from real estate investors in a Ponzi scheme and blew some of their money on extravagant excursions to Las Vegas and Atlantic City casinos, prosecutors said Thursday. New Jersey – Las Vegas Nevada – Atlantic City New Jersey – Ponzi scheme – United States

Read more on Boston Globe

Be the first to comment - What do you think?  Posted by - June 20, 2010 at 12:57 am

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Las Vegas Foreclosure – Get the Best Real Estate Deals

The real estate market has been known to be the best kind of investment someone can make, especially when compared to other forms of investments which are highly risky, such as currency exchange and stock trading Real estate investments have historically delivered a much better return than any other form of investment and there are some great deals in the Las Vegas foreclosure market right now for investors and or home buyers!

Las Vegas House Market

The US economy is either in a recession at this moment in time or very close to one â?? this downturn in the economy driven partially by a flood of bad mortgage loans is ensuring that that are a large number of homes available for purchase via foreclosures. The Las Vegas house market has seen significant increases in value for the last 6-8 years, driven in part by the significant growth the Las Vegas metropolitan area has experienced. This growth in the Las Vegas house market has been driven by a number of factors including Las Vegasâ?? allure as one of the top getaway destinations for shopping and tourism in the world and the emergence of the greater Las Vegas area as a great place for families, retirees and 20 and 30 something singles.

Las Vegas Foreclosure

There are many reasons for a property to go on foreclosure but when it does an investor has a great opportunity to get a Las Vegas home at a significant discount. Due to the financial crunch banks have opted to accept “discounted payoffs” in order to recover some of their loses and not close the books with such huge revenue discrepancies.

Just like all of us, banks rely on cash flow to keep their operations running, so a piece of property which is placed on the “current” market at a high price will most likely not sell due to the fact that no one is willing to pay such a high price, so they have no other option but to discount it until they find an equilibrium price according to current market conditions.

Las Vegas is known to be a real estate powerhouse â?? the city is growing at a tremendous rate and this growth rate is not projected to continue into the foreseeable future due to lifestyle opportunities and the ongoing job growth. The rate at which this city is growing is incredible, so the more the downtown expands the higher the value of nearby houses will be, this is not a speculation, it is a fact.

Currently, interest rates have been brought down to an all-time-low, from the high 7-10% interest rates to below 5%, which will accelerate the purchase of homes in the Las Vegas region moving forward. Meaning, there are great Las Vegas foreclosure deals available now, but as the housing inventory is reduced the deals will also diminish. So, the time to purchase a Las Vegas house could not be better, especially if you factor in the demand for rental property fueled by the continued growth of the Las Vegas real estate market.

Savvy investors know that during this time of financial need, banks are practically giving these properties away in order to get their cash flow going and keep their balance sheets from scaring stock holders Many banks will even provide no payments for up to 6 months, just so that the property can be sold – this is not a promotional/sales speech, these are the facts and because bad loans (no doc, etc) have been removed, investors know that the new “stated” loan requirements will take their interest rate related risks away. This is a great time for a homeowner or investor to purchase a Las Vegas foreclosure â?? there are great deals that can be made but these wonâ??t last forever!

Be the first to comment - What do you think?  Posted by - May 21, 2010 at 2:27 pm

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what las vegas casinos use real coins as a pay off?

the last time i was in las vegas i played the slot machines and was rewarded with a paper ticket. do any of the casinos still use slots that pay off with real coins

12 comments - What do you think?  Posted by - May 17, 2010 at 12:49 am

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The Best Las Vegas Real Estate Opportunity Today

The best Las Vegas real estate Opportunity in todayâ??s market is near the Las Vegas strip area. Staying within Las Vegas Valley, close to the center of the city, will likely be a wise move in the coming years. Anything near the strip is ideal for people who love to go out. The South Strip is a great mix of all that Las Vegas has to offer. The South Strip has been also been called the â??New Vegasâ? and is an area of booming development. Buying and holding property long-term may be the wisest investment in Las Vegas in the long term.

Las Vegas Real Estate â?? Location â?? Locationâ?¦

In todayâ??s Las Vegas real estate market this adage is especially true today. Picking an ideal location is vitally important.
ONE Las Vegas is located in the Las Vegas real estateâ??s South Strip offering luxury extra amenities. Itâ??s designed with elegant simplicity and convenience in mind. Enjoy time with your friends and family in Las Vegas. The pleasures of your Las Vegas condominium lifestyle are many, and youâ??ll have more time to enjoy your favorite hobbies as well.

Las Vegas Real Estate in the Strip

Life in your Las Vegas condo, with its panoramic views, elegant design, and a perfect location, is your private Las Vegas getaway. Your Las Vegas property is landscaped with open areas offering diverse social and recreational options for a fabulous Las Vegas experience. A Las Vegas real estate of your own, a place where your neighbors share your joy of living a dynamic condominium lifestyle, just like you. Owning your own Las Vegas real estate property is ideal for year-round living, a weekend getaway spot for you and your friends, a vacation home, or your future retirement condo in Las Vegas. Itâ??s an opportunity for you to fulfill your Las Vegas real estate dreams. At One-Lasvegas you have access to shuttle and concierge services; you enjoy all the benefits of a downtown Las Vegas condo without all of the commuting and traffic congestion.

Own a Las Vegas real estate property with ONE Las Vegas and discover the exciting lifestyle that awaits you on the South Strip of Las Vegas, Nevada.

Be the first to comment - What do you think?  Posted by - April 7, 2010 at 12:54 am

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Stretch Your Las Vegas Convention Trip Into a Real Vacation

Spring and Fall are particularly busy times in Las Vegas, as one of the premier business convention destinations in the country. Every hotel and airline serving this desert oasis wants in on the action and there are many travel deals to be found online. The Travel section of the newspaper will often include information on hotel deals and cheap airfare.

Of course, Las Vegas is a reasonable driving distance from maybe 40 million people, so many visitors drive instead of flying. From Southern California you can make the trip in 4-5 hours; some convention participants drive in for an overnight trip, and then back home. Others come for the casinos and shows, with convention and trade show sessions during the days and Las Vegas casino action after hours. The Las Vegas Convention Center is huge and can handle multiple large conventions at once. There are other convention halls in town as well, and they get very busy in the April-May timeframe and again in September-October. The conventions often last 2-4 days.

However, if time permits and you aren’t tied to the blackjack tables, there are a lot of great outdoor destinations that you can add to the trip, making it a real vacation. There really is a misperception among many of the millions of Las Vegas visitors, that the Strip and casinos are the only game in town. In fact it’s a city with pushing 2 million residents and a wide variety of natural wonders and outdoor opportunities within driving distance. Your family could enjoy the pool and other attractions in town, and then you could head out after the trade show is over.

The first natural wonder that comes to mind when you think about Las Vegas is actually the man-made Lake Mead recreational area. The lake was formed by Hoover Dam, both of which are worth a visit and can be reached in less than an hour by car. By the way, many of the travel deals out there offer great pricing on car rentals. Water sports are the theme at the lake of course. You can camp or stay at a nearby hotel. The dam is 726 feet high and offers breathtaking views. There are tours and a Visitor Center.

Red Rock Canyon is another inviting natural wonder that is truly natural. You can take the 13-mile scenic drive, which offers one cool vista after another; bring your camera to all of these places. In this area is the Bonnie Springs western town, with shoot-outs, saloon, historical features and a dose of touristy shops and restaurants. You’d be surprised how many museums there are to be found in the greater Las Vegas area. Art museums, historical museums, nature sanctuaries and the Liberace museum are just a few of the non-gambling entertainment options.

If you have a full day to spend, take the 5-hour round trip north up I-15 to Zion National Park in Utah. This 229- square-mile park includes canyons created by the Virgin River. There are many beautiful waterfalls. The most famous landmark is the Kolob Arch, which stretches 310 feet. It’s the largest natural arch in the world. There is camping, hiking, swimming and tubing. The national parks are among the best travel deals to be found anywhere, with fantastic countryside, fun activities and a minimal entrance fee.

Speaking of national parks, if you can stretch an extra day away from your Las Vegas convention trip, venture further north along I-15 to Bryce Canyon National Park. It also is in Utah. It is probably a 7 to 8 hour round trip from Vegas, so you’ll want to spend a night or two in one of the little towns near the park. This park is a bit more off the beaten path, which can be a good thing to avoid crowds, but you won’t find as many travel deals to Bryce Canyon. The geography in this park is really amazing, characterized by the colorful limestone that has been carved into arches, spires, cliffs and canyons.

Do not think of Las Vegas as merely the gambling capitol of the U.S.A. It truly is a gateway to a wide variety of outdoor vacation opportunities, as well as in-town museums and cultural opportunities. When you do your online research for travel deals, spend some time investigating these great ways to enhance your Las Vegas trip. Turn that trade show into a vacation.

Michael is a Southern California native, and has written on numerous topics. Learn more about great Las Vegas travel deals at: Las Vegas Travel Deals or Las Vegas Hotel Deals.

Be the first to comment - What do you think?  Posted by - February 14, 2010 at 6:55 am

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Las Vegas Real Estate

There is no place like Las Vegas in the entire world, therefore people from all over the world come here on a daily basis. Vegas is the entertainment capital of the world – there’s no other place like it. Las Vegas is the Entertainment Capital of not only the US, but also the world.

With the long awaited opening of Wynn Las Vegas, Steve Wynn scores once again with a new level of opulence, this may not be the biggest hotel in town, but it’s the only one with a full-service Ferrari and Maserati dealership and it’s own museum and art collection. According to an interview published July 30, 2004 in USA Today Trump’s plans include a 64-story hotel-condominium tower to be built on a portion of the Frontier Hotel property across from the Wynn Las Vegas Resort and next to the Fashion Show Mall. Restaurants – today Las Vegas is recognized as one of the world’s great dining destinations, with a long list of renowned chefs and spectacular restaurants that are renowned for their lavishness, architecture and creativity.

The Ritz-Carlton: elegance and relaxation along the shore of Lake Las Vegas – an upmarket Mediterranean-style resort, featuring luxurious rooms and suites, a spectacular Italian-inspired spa and fitness center, 36 holes of championship golf, beach and lake activities and Italian gardens. The Bellagio: an Italian theme hotel – which brings true European elegance to Las Vegas – with glass ceilings admitting natural light; fresh flowers and trees in the Conservatory; detailed tile work; fine art on display throughout the property; luxurious rooms; fine Italian cuisine’s; and an exquisite shopping center. If you’re going to be exploring the gorgeous hotels and various attractions on the Las Vegas strip – make sure you take high quality, well-fitting running shoes.

When you’re on the Las Vegas strip most of the attractions and hotels are within walking distance so you don’t need to rent a car. If you don’t believe me just grab a seat at the Bellagio or the Venetian in Las Vegas and watch them. One of the many ways that you can find a deal in real estate in Las Vegas is by using your local phone book.

There is a lot of ways to make money with Las Vegas real estate. One mistake that Las Vegas real estate buyers often make is to forgo using the services of a qualified real estate agent. Las Vegas in the state of Nevada remains today ever more than before one of the top real estate investment locations in the United States.

One reason why you want the services of a Las Vegas real estate agent is because he most probably knows more about real estate in Las Vegas than you do. Other services your agent might provide that can benefit you when buying Las Vegas real estate include providing connections with an affordable mortgage lender, experience in foreclosures, repossessions and estate homes, and experience in corporate relocation. Choose a Las Vegas real estate agent that will carefully research each new home to be sure it fits perfectly with what you want.

When choosing which real estate to invest in, in Las Vegas, decide what kind of investment you want to make. With some basic knowledge of Las Vegas real estate suburbs, you should be able to make a more informed decision. With so much to offer and a steady influx of new residents due to the cost of real estate in Las Vegas it is predicted that even with a cooling off of the current market the demand will remain steady for some time.

While many rushed into the market to make fast money the cost of real estate eventually topped out and the slow down of buyers stabilized the market. Most real estate professionals believe that there is still a significant room for growth in the Las Vegas real estate market.

Over the past couple of years the Real Estate Market has taken center stage breaking national sales records in 2003 and 2004 with record appreciation rates as high as 52%. In conclusion, Nevada today ever that before, remains an important investment area for real estate investment in the United States with the ever increasing tourist traffic and convention traffic flooding into the area. If you are looking for commercial real estate to place your investment in, the location may hold all of the cards where your profit is concerned.

Las Vegas is such a dynamic city, it is hard to find real estate that cannot be put to profit-making use. Whatever your financial goals are, buying Las Vegas real estate will probably be profitable to you.

By making intelligent decisions about your Las Vegas real estate, you can assure yourself of economic advancement. Las Vegas has its own crop of real estate agents. The real estate market in Las Vegas has been appreciating at an incredible rate, and will continue to do so in the near future.

Experienced Nevada brokers primarily aim at meeting the demands of customers seeking to invest in real estate. Las Vegas real estate suburbs are also good investments. First, Las Vegas real estate isn’t cheap.

Nevada real estate agencies offer a selection of properties available for purchase and this is helpful to the real estate investors. If Las Vegas is your dream, look for a nice, maybe quiet place to live in so you have the best of both worlds and one does not intrude into the other. If you think Las Vegas might be the place for you, then you should consider contacting some agents.

Be the first to comment - What do you think?  Posted by - January 28, 2010 at 1:02 am

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Las Vegas: the Premier Real Estate Investment Destination

The most populous city of Nevada, Las Vegas is a name synonymous with the good life. It is one of the world’s popular entertainments, vacation, shopping, and gambling hubs. It comes as no surprise that Las Vegas has emerged as one of the prominent real estate investment destinations of the United States of America. Las Vegas is termed the ‘Entertainment Capital of the World’ and is easily amongst the most glamorous cities of the world. Apart from being the center of gambling in America, it also has superior infrastructure facilities and professional services that make it an ideal location, for those who want to buy a home.

Though the real investment market has seen a marked cooling in many parts of America, the market in Las Vegas has continued its upward swing. The confluence of tourism, conventions, and gaming has kept the economy in good shape through the numerous downturns it has faced throughout the U.S periodically. Retail and dining are the two factors that have made a significant contribution to the upsurge in the economic index of Las Vegas. If you make a real investment in Las Vegas, then you can be a part of this continuous economic boom. It can mean a better life for you and your kids.

Moreover, Las Vegas is fast redeveloping its image from a ‘Sin City’ to one of a ‘Diversified City’. The local administration is taking pains to diversify the local economy largely dependent on tourism and the returns on gambling. In accordance with this fact, the downtown area has seen massive revitalization. Las Vegas was always a hot real estate investment hub, but it has metamorphosed into the definitive city where all real investment dreams come true. It now gives you a myriad choice of some very interesting opportunities with reference to preconstruction.

As mentioned before, for ages it has been known throughout the world for its happening nightlife, luxurious resorts, and other tourist attraction, but now the efforts are on to regain some of its ‘old glory’. The efforts have become successful and it is now projected as a family destination. Furthermore, an array of premium space available in Las Vegas means that investors are making a beeline for this prime location. An attraction of buying real estate here is that if you go for preconstruction property, then you get it for much lower than the market value.

The major concern of people who want to buy a home in any city, are facilities like health care, education, and affordable living expenses amongst others. Las Vegas gives you the best of medical facilities and it has a host of excellent hospitals, doctors, and clinics within its precincts. As far as education is concerned, numerous colleges, and schools cater to the needs of its residents. It also offers an array of recreational activities for the family. In Las Vegas, you will be spoilt for choice in this regard.

Be the first to comment - What do you think?  Posted by - October 7, 2009 at 7:30 am

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Win Big With Las Vegas Real Estate Opportunities

Whether you’re interested in calling Las Vegas home or you just want some investment property, this big little city in the desert is worth checking into. Las Vegas property listings include everything you’d expect, from single-family homes and condos to commercial properties and casino locations.

The draws for Las Vegas are notable and known in many circles. From the beautiful desert vistas to the action-packed strip, this is a city that never sleeps. It’s considered one of the biggest tourist destinations in the United States for a number of reasons. They include:

Gambling: With casino action going on 24/7, this is the city to visit if high-stakes, or even low stakes, gambling is desired. From small, privately owned casinos to the big ones on the strip – the Mirage, Sahara and MGM Grand – this city has everything from card games and slots to craps tables and roulette. While this is the single biggest tourist draw to Las Vegas, there are plenty more.

Cultural attractions: Las Vegas may be known as the home of Lady Luck, but many other players call it home, too. The city boasts a number of museums and galleries. There’s live entertainment here that cannot be rivaled anywhere else in the world. The casinos themselves play host to some of the biggest acts in the world.

Outdoors: The great outdoors is a huge calling in Las Vegas. With miles and miles of beautiful desert landscapes to explore, those who visit this city will not find themselves shorted on things to do outside the casinos and those who live there know this is true. Hiking, biking and more are all available to those who live or visit Las Vegas.

Dining: The city is home to some of the world’s best dining. With literally hundreds of restaurants offering every cuisine type imaginable, going hungry in Vegas is hard to do.

History: Las Vegas and its immediate surroundings are known for their deep historical roots. From Native American history to the history of the Wild West, this area is rich in historical cultural offerings.

Living in Las Vegas offers homeowners the best of all worlds. The city’s offerings for homes range from simple single-family residences to upscale mansions and condos to fit just about every budget. Homes here can range in price from a modest $100,000 to more than $10 million. It all depends on the kinds of listings a person is looking for.

Commercial property in Vegas is what anyone would expect with the casinos thrown in. Business opportunities abound for investors and residents who simply want to make a living serving the people who not only call Vegas home, but also those who visit the Strip.

There are a number of places to go to check out Las Vegas real estate listings. When you do, it’s a good idea to have a price and a location in mind. Know what you’re looking for size wise and shop around. This city offers some great deals on property, but it pays to do your homework first. Offering something for just about every price range, Las Vegas is more than a place to come and gamble, it’s a city many proudly call home.

More Resources

Las Vegas Real Estate tips.

http://www.lasvegasrealestateinsider.com


California real estate tips.

http://www.californiarealestateon.com

Be the first to comment - What do you think?  Posted by - September 25, 2009 at 7:07 pm

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Live Roulette: The Advantages of Live Roulette Over a Real Las Vegas Casinos

The moment the internet went live, the life of the gambler changed forever. The convenience of being able to gamble from your home quickly caught on and making those trips to the casino happened less and less. As time progressed, forum posts and online gaming articles began to question the integrity of the RNG or random number generators and people started heading back to the casinos. Now there is finally a method of online gambling that is just as good, if not better than playing roulette in the casino and it is Live Roulette TV.

If you have not yet heard about Live Roulette TV, it is the latest craze of gambling that literally brings the casino right into your living room. No more generic digital wheels and no more random number generators, just live casino action directly on your television. All you need to do to play is open an account at one of the online sites that allow you to play Live Roulette TV and the tune your television to the channel. A real live host also serves as the dealer and you get to play on a real roulette wheel.

The rules of Live Roulette TV are similar to what you would see in a live casino, but you don’t have to deal with all the hassle. If you live in the UK and are used to going to Las Vegas to play roulette, you really need to look into this option as it presents a lot of advantages compared to making the trip to Las Vegas.

Travel – one of the biggest inconveniences and costs that you incur if you live in the UK and want to play roulette in Las Vegas is the cost to get there. You are more than likely going to spend close to if not more than $1,000 for two people just to walk into the casino. That means you have to win that much just to break even!

Crowds – while you may enjoy the action of the casino, the crowds can often be overwhelming. You may not be able to get a table or you may find the perfect table only to have the most disgusting or annoying person on the face of the earth sit down next to you. Nothing spoils a good trip more than ‘that person’ who just gets under your skin.

Limits – when you are playing in a Las Vegas casino, you are stuck playing the limits they have on available tables. What if they only have $25 tables available and your budget does not allow you to play at that level and your trip ends up being totally wasted. When you play Live Roulette TV, you can play at any limit you desire, any time you want.

Bonuses – There isn’t a casino in the world that will double your bankroll the moment you sign up for a players card, but just about every online casino available will do exactly that when you make your first deposit. If you think you are going to have to sacrifice rewards programs by playing online, you will often find that the online casinos that offer Live Roulette TV will have a much better program available than any live Las Vegas Casino can offer.

These are but a few reasons to enjoy Live Roulette TV over a trip to a Las Vegas Casino. The more you look into it, the better it looks!

Dan Roberts enjoys playing live roulette. If you are interested you can get the latest bonuses, news, and promotions for live dealer casino games.

Be the first to comment - What do you think?  Posted by - July 24, 2009 at 2:33 pm

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