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.

Thursday, October 23, 2014

Mortgage Rates Holding Under 4 Percent

Great news for those still hoping to buy in today's housing market.  These incredible mortgage rates won't last forever so try and look into it while you still can!

From the article:
Mortgage rates returned to levels best characterized as "under 4 percent" today after drifting higher on Friday.  Last Wednesday was the first foray into the "high 3's" in more than 16 months.  Not every scenario will be seeing those high 3's today, but for top tier borrowers, 3.875% is slightly more prevalent today when it comes to conforming 30yr fixed rate quotes.  4.0% is a close runner-up, but 3.75% may be a viable option for borrowers interested in paying higher upfront costs. 
Today's modest recovery suggests that we're in the midst of a few days of limbo relative to the bigger picture.  Historically, after a big swing down in rate followed by a big snap back (like that seen last week) there has been a time frame of a few days or even a few weeks of comparatively smaller changes before rates embark on their next noticeable move.  That means that long-term optimists can keep hope alive for further gains, but also that there's a risk they won't materialize.  In any event, it won't be long before we know one way or the other.  
It also means that both locking and floating can be justified at the moment, and neither is necessarily a bad choice.  It's worth noting, however, that today's rates are right in line with the second best day in over 16 months.  If you missed out on last week's sub 4% rates, here they are again.

Read more at the article:

Source: MORTGAGENEWSDAILY.com

Tuesday, October 21, 2014

5 Ways to Trigger Your Money-Saving Reflex

If you have trouble balancing your wants vs. your needs when it comes to spending, the LVRJ has some tips on how to prioritize your long-term savings goals over your short-term expenses.

5 Ways to Empower Your Savings Habits:

  1. Create a Paper Chain to Manage Debt or Grow Savings
    • Get Rich Slowly published an article by a woman who created a paper chain to tackle her debt. Each ring represented $100 she owed. As she worked to pay down expenses, she would tear apart the chain and watch it grow smaller. This physical representation made her progress more noticeable, effectively increasing her satisfaction and motivating her to diminish her debt. This same tactic can be used for saving money, as well (by adding rather than removing rings on the chain).
  2. Build a Vision Board
    • Pinterest is a popular social media tool for building inspiration and idea boards. If you’re an active user of this site, building a vision board for your financial goals can be a wise motivator when it comes to saving money. If you don’t use Pinterest regularly, you can also place a physical poster board in your bedroom or office to keep you motivated on a daily basis.
  3. Write Your Goals on Your Credit Card or Wallet
    • There’s no better way to remind yourself of your savings goals then to put them right in your hand at the moment you need to think of them most. Say you’re still $850 away from your goal of saving $1,000: Write down that number on a post-it and wrap it around your card. The next time you’re tempted to buy something you don’t need, you’ll see your goal written out and can subtract from that amount whatever you decide not to buy.
  4. Pay Yourself Every Time You Decide to Save
    • Whenever you make good on your promise to save, divide the amount saved to pay yourself a bit for following through. Saving money shouldn’t necessitate denying yourself — that’s just a recipe for disaster later on. Rather than completely withholding from immediate expenses, you could also take the $50 you decided to save on shoes, credit $40 to your account and give yourself $10 to spend however you choose. It might take a bit longer to reach your savings goal, but this strategy will help keep you satisfied in the process.
  5. Opt for Another Low-Cost Option
    • In the same vein, saving money shouldn’t be associated with the pain of denying yourself some fun and enjoyment. If you decide to not buy those expensive concert tickets, go to a free or cheaper show instead. Don’t completely hold out on the things you enjoy. Choose a low-cost alternative to the expense you avoided to prevent resentfulness and to help maintain your resolve to save.
Source: REVIEWJOURNAL.com
Photo: THINKSTOCK.com

Thursday, October 16, 2014

First Peek: Resorts World Las Vegas Dining and Nightclub

The Chinese-themed Resorts World Las Vegas is the latest and greatest project plan to hit our very own Las Vegas strip.  Hopeful to make its 2016 debt, Resorts World is set to be built in stages and will neighbor the new SLS Las Vegas on the North Strip.

The resort is concentrating its heavy pitch on the foreign investor market, complete with 3D renderings and the earliest glimpses of dining and nightlife options.  With less than 24 months before its theoretical opening day, the artist renderings provide gratifying insight on the resort's overall concept and architectural direction.

Link to the article:
Source: VEGAS.EATER.com

Tuesday, October 14, 2014

Back in Business: Henderson’s Inspirada Eager for a Comeback

Things are picking back up at Inspirada as crews are working to build new homes, parks and roads, and are installing utilities and landscaping throughout the community. With just 1,350 homes of a total planned 8,500 homes, Inspirada is still quite far from competition.

Check out the VEGASINC article for more information on Inspirada's comeback:
http://vegasinc.com/business/real-estate/2014/oct/02/hendersons-inspirada-eager-comeback/?utm_source=dlvr.it&utm_medium=twitter#.VC0cvlS0bzw.twitter

Source: VEGASINC.com
Photo: STEVE MARCUS

Thursday, October 9, 2014

Third Quarter Housing Summary

See below for the 2014 Third Quarter Housing Summary provided to us by Ticor Title. For a closer view of the summary, just click on the image.

Source: TICORTITLE.com

Tuesday, October 7, 2014

Las Vegas Economy on a Roll as Downtown Summerlin Opens

Downtown Summerlin's 1.6 million square ft. shopping center is finally set to open to the public at 10am this Thursday.  More than a mall, Downtown Summerlin boasts shopping, dining, and entertainment (Regal movie theatre included).  Even more so, the project signals the long-awaited upturn of Southern Nevada's economy.  With over 2,000 employees on the way, the Downtown Summerlin complex is the largest off-Strip project in nearly a decade and is expected to gear the local economy for further growth and recovery.

The project began at the dawn of the Great Recession and went unfinished for over 6 years. Its empty frames mirrored the city's devastated economy as the incomplete complex sat looming over the 215 Beltway. Jeremy Aguero, principal analyst with local research and economics consulting firm Applied Analysis, told the LVRJ, "People who drove by Downtown Summerlin saw it every day. It was a symbol of just how difficult a time we went through as a community and an economy. Now it represents the opposite -- a reflection that the market has turned."

See below video for a tour of Downtown Summerlin:


Source: REVIEWJOURNAL.com

Wednesday, October 1, 2014

Home-Price Rise Cools, but Las Vegas Shows 12.8 Percent Gain

The Standard & Poor's/Case-Shiller 20-city home price index rose 6.7 percent in July from 12 months earlier.  Of the cities included in the survey, Las Vegas placed best in the nation with a 12.8 percent annual gain.  Sales of existing homes have been generally sluggish over the past year in the Las Vegas Valley, in large part due to the larger housing inventory we are now seeing as compared to a year ago.

According to the National Association of Realtors, there are 2.3 million homes on the market nationwide - up 4.5 percent from a year ago.  More of the homes for sale are also being listed by regular homeowners rather than as a result of foreclosure.  In Nevada alone, the number of homes for sale has jumped by 46 percent.

Link to the article:
http://www.reviewjournal.com/business/housing/home-price-rise-cools-las-vegas-shows-128-percent-gain
Source: REVIEWJOURNAL.com
Photo: LYNNE SLADKY