Investor Central

Welcome to the premier resource for Las Vegas investors looking to generate wealth through real estate. Whether you already own a property and need management help or you need assistance to get started, you have found the right place.

Tuesday, August 26, 2014

Sales of Henderson Mountainside Mansion Lots Underway at Ascaya

The mountain-mansion project called Ascaya is finally underway again in Henderson. The long-delayed project that started in 2009 is expected to be fully developed within the next decade. The sales team is now accepting refundable $50,000 deposits from those who wish to reserve an undeveloped lot of their choice.

Developers are imposing design restrictions in the community to ensure each home has a unique and contemporary desert-themed look. The listings, priced at about $1 million each, will be sold in phases. Six lots have already been reserved out of the sales team's long-term goal of 313 lots.

Read the article for more details on the Ascaya mountainside homes in Henderson:

Photo: L.E. Baskow

Tuesday, August 19, 2014

Nevada Jobs Count up 44,600 in Last Year, Report Says

According to the state Department of Employment, Training and Rehabilitation, Nevada employers have added 44,600 jobs in the past year alone.  This made for the 43rd straight month of annual gains in Nevada employment.  July was also the sixth consecutive month with year-to-year gains greater than 40,000.  Although Nevada's unemployment rate remained at 7.7 percent from June to July, it was down 2.2 percent from the prior year.

Read the article for more info and employment stats:


Thursday, August 14, 2014

Service Animals in Non-Pet Properties…

What do you do if you have an application from a potential resident who has a service animal, but you don’t want pets in your property?  The answer isn’t so simple.

The Federal Fair Housing Act, the Americans with Disabilities Act and the Rehabilitation Act (Section 504) require applicants and tenants with disabilities be provided with “reasonable accommodations” as needed in order for them to have an opportunity for full use and enjoyment of their housing.  Allowing tenants and their guests who have disabilities to be accompanied by their service animals is a reasonable accommodation to housing policy and practice.

These regulations seem at first glance to be an imposition on landlords and businesses that may, for good reasons, have policies which do not allow pets and animals on their premises.  The good reasons, we already know… the possibility of noise, territorial disputes between animals, and clean-up problems are the most obvious.  But the benefits of these rules should also be considered.

For more information see a summation of the law attached.

Tuesday, August 12, 2014

Rising Las Vegas Home Prices Hit ‘Nice Milestone’

According to a new report from the Greater Las Vegas Association of Realtors, the median sales price of previously owned single-family homes hit $200,000 in July. This was up 11.1 percent from the year before, and marked the highest recorded level in almost six years.

"This tells you how far we've come back from the depths of our downturn a few years ago," explained GLVAR President Heidi Kasama after calling the $200,000 mark a "nice milestone".

Link to the article:

Wednesday, August 6, 2014

Apartment Complex Rising at the District in Henderson

Years after having bought the project site, The Calida Group is finally continuing its construction on an apartment complex near the Distract at Green Valley Ranch in Henderson.  The complex will bring 360 new, high-end apartments to the area, the first 100 or so slated to open in early January.  Rental rates are expected to top out at around $2,500 per month.  After local development hit record lows last year, this project is one of several valley apartment complexes currently under construction or on the drawing board, putting developers on track to open over 2,000 apartment units this year.

Link to the article: