For those of you who may need an extra push to get moving forward on that Las Vegas high rise condo acquisition you've been putting off, please read this article from Rod Smith that appeared in yesterday's edition of the Las Vegas Review Journal. In it, he reinforces what we've been saying all along - do the numbers and make sure the projections make sense. There are 3 important items you need to take from this article:
1) Compared to pricing in other towns such as Manhattan and Miami for similar products, prices for Las Vegas high rise condos are very much in the ballpark.
2) Corporate America is making money and spending it just as fast. Many companies look to provide their executives with corporate retreats - and where better than Las Vegas? - which should make renting out your unit at a hefty sum extremely possible and likely.
3) The sometimes heavy down payments on these properties actually help you carry the unit to make it more profitable for you in the long run, with the goal being a 28.5% return on your money. (see the article for an explanation of how that number is calculated.)
Convinced yet? The next step is to get moving so fill out our inquiry form and we'll get you going in the right direction.
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