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Mary Beth Pallone
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Office: 702-940-4500



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Investment Properties

Tuesday, May 25th, 2010

Las Vegas is an excellent city for one to purchase a piece of investment property. When people go on vacation in Las Vegas they all flock to the strip for lodging. The Vegas strip is lined with fancy hotels. Sometimes vacationers want to feel like they are on vacation, but still want to experience the comfort of home, this is where the investment property comes into play. Consider purchasing a condo that is in one of the high rise building along the strip and renting it out. You will have to furnish it with stylish up to date furniture, because remember you will be competing with the surrounding hotels. By staying in your condo while on vacation, the person will not be confined to one room as they would be in a hotel. They will also be able to save on money by having the ability to cook some of their own food while on vacation, instead of having to eat out every day. This will allow them to have more money to spend at the casinos. You will need to let the public know about your rental vacation condo, for this you will need to take out advertisement on listings such as craigslist. The good thing about Las Vegas is there is no real tourist season. Everyday people flock their by the dozens, therefore if you advertise your property correctly you will not have of renters; this will help cover the monthly expense of the mortgage and put extra cash into your pockets.

The Time is Now to Buy an Investment Property in Las Vegas

Tuesday, April 6th, 2010

Although the Las Vegas housing market has been through a challenging couple of years, there is no question that the time is now to purchase investment property in Sin City. Adjusted for inflation, housing prices are lower than they have been at any point in the last 23 years and are approximately 40% of the peak price. In other words, a house that would have cost $300,000 at the peak of the market can be purchased for $120,000 today. With discounts like that, how can one lose?

Naysayers will point out that the Las Vegas market is still oversaturated with inventory and that housing prices have not yet started to show any sign of true recovery, and they would be right. However, given that a home can be rented out for more than the cost of PITI (principal, interest, taxes and insurance), this is a non-factor. You can own a property today and collect a healthy cashflow stream which is well ahead of what a bank account or government bond would pay while waiting for the market to recover.

Furthermore, recovery is closer than many realize. Hotels are gradually increasing occupancy and rates. Although a number of the most extravagant high-end restaurants have had trouble, many are reopening. Some restaurants are actually increasing meal prices, as well. Since it looks like business and convention travel will return this year, the odds are that the Las Vegas economy will be looking up, as well. These factors will ultimately support the housing market.

Investment Properties in Las Vegas, NV

Tuesday, March 16th, 2010

If you have been considering the purchase of Investment Properties in Las Vegas, NV, then you really just should go ahead and buy. Vegas is an excellent real estate investment choice, because there is always demand, if you have the supply. Having a basic understanding of the Vegas market will further inspire you to expand your real estate holdings, with some property in this unique adult fantasy land.

The first thing that you want to do when you start shopping for Investment Properties in Las Vegas, NV, is to make sure that you understand that Vegas is an ever-flourishing market. The reason why owning Investment Properties in Las Vegas, NV, is a wise choice for any business person, is because if you have the ability to purchase, and maintain investment property in Vegas, you will truly have a gold mine.

The World Plays in Vegas

Real estate is one of the safest bets in Vegas, because people (or potential renters/buyers) never seem to tire of the luxurious hot spot. Vegas, New York and LA, are the main three towns in the US that are known world wide. Imagine the returns of owning a small apartment building, or several condos in Vegas. Even if you do not have a buyer, these properties will earn you constant money as rentals. You will be able to market your rental property to clients all over the world for short or long term stays. This is why, for the real estate investor, nothing beats owning property in Las Vegas.

Some Thoughts on Investment Properties in Las Vegas, NV

Monday, December 21st, 2009

The idea of finding investment properties in Las Vegas, Nevada is an idea that is based on solid ground. The number of foreclosures and the generally down market on the Vegas strip can indeed land you a great deal on some fairly prime real estate. The truth is that you may find a commercial property for seven hundred and fifty thousand dollars in a key Las Vegas location if you find a real estate developer desperate enough to sell it to you. Las Vegas Mayor Oscar Goodman is also likely to give a tax credit to any businessperson who starts a job creating enterprise, whether we are talking about setting up high rise apartments or a shoe store where all the kids likely to get the latest fads as an investment.

Goodman has continued to move forward with his revival plan in order to entice buyers to look at investment properties in his city. The mayor wants to set up a new football stadium in the city of Las Vegas. He also plans to center that new stadium around museums, retail stores and restaurants. The football promise and the attraction that a professional sports team can bring to a city is something that Goodman thinks will entice investors to look at building those commercial properties such as strip malls and restaurants. It is key to economic revitalization in Las Vegas.

Goodman has also been talking to private developers about how building a new Mayor’s office in order to do business in and broker deals could get the economy kicking again. The truth is that you need to get three or four casinos in North Las Vegas booming again if you want to see people buying investment properties there.

Market Recap

  • Avg. Sales Price: 379,000

  • Avg. Days on Market: 69

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