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, December 29, 2015

Las Vegas Real Estate Market is Stabilizing



"The median sales price of a single-family home in the Las Vegas area hasn't changed over the last three months and is currently at $220,000. Compared to 12-months ago, the Las Vegas real estate market is actually up by over 10%." 
The Las Vegas real estate housing market is starting to stabilize and is seeing less distress among the market. 
"So what's the big picture? The Las Vegas real estate local home prices are about halfway back to where they were during the height of our housing boom in 2006 where they peaked at $315,000, and far better than our lowest point when home prices bottomed out at $118,000 in early 2012. Yes, the Las Vegas real estate market has had some challenges in the past, but purchasing a home in Las Vegas still remains very affordable as compared the rest of the country and similar metros of the same size." 

Shawn & Kyle Cunningham
Cunningham Group at RE/MAX Advantage
shawn@cgvegas.com | 702-960-4819 Shawn
kyle@cgvegas.com | 702-960-4819 Kyle
Source: Market Watch

Wednesday, December 23, 2015

Just What Kind of Cars will Be Built in Vegas?


With the recent approval by the state legislature of hundreds of millions in incentives for Chinese automaker Faraday Future, North Las Vegas is soon to become a hub of manufacturing. But just what type of car will be built here?  A recent Fortune magazine article takes a look at a "teaser" from the automaker.

Faraday Future, the secretive electric car company, released a teaser video that doesn't show a car—that happens next month—or any details on the product. But tucked in this vague 1-minute 30-second video montage of people and urban infrastructure is a question that hints at one possible direction….

Las Vegas Airport Sees Huge Numbers in November

Another great report from McCarran Airport… passenger count soared 10%, the largest year-to-year rise since 2004.  At this rate, we will have more than 45 million passengers arrive at our airport by the end of 2015, huge numbers, and continuing to approach the record 47.7 million in 2007 before the economic crash.  After ranking as the 24th busiest airport in the world last year  the Las Vegas airport is likely to rise into the Top 20 this year.


Tuesday, December 15, 2015

Bright Future for North Las Vegas


Faraday electric car plant expects to open in North Las Vegas' Apex Industrial Park in late 2017. The 100% electric cars will be produced inside the 3 million square foot plant that will cost $1 billion to build. 

"Faraday chose the site over locations in Georgia and Illinois that offered usable auto plants and better relocation incentives because it likes the business environment Nevada offered."




The Numbers:

  • 3 million square foot plant
  • $1 billion plant
  • 4,500 plant jobs
    • 50% of the workforce hired have to be Nevada residents
    • $22/hour is the average wage for its workers
  • 3,000 construction jobs
  • 9,000 indirect jobs
  • $230 million in state general fund revenue (once the plant has matured)
  • $270 million in local government revenue (once the plant has matured)
  • $85 billion in economic growth over the next 20 years
  • $260 million in K-12 education revenue over 20 years
  • $1 million-a-year direct charitable contribution to K-12 education over 6 years starting in the 2018-2019 school year







Video via KTNV- Gov. Sandoval formally announces electric car plant deal


Shawn & Kyle Cunningham
Cunningham Group at RE/MAX Advantage
shawn@cgvegas.com | 702-960-4819 Shawn
kyle@cgvegas.com | 702-960-4819 Kyle
Source: Las Vegas Review-Journal

Monday, December 7, 2015

Veer at City Center on the Vegas Strip - 2 Years No HOA Deal

Ever wanted to own on the Las Vegas Strip?  You can do so for way less than you probably though at City Center.  I have seen all of the high rises on the Strip, and this is the one I like the most. It has the walking distance advantage (to basically all of the most popular resorts and the new arena), plus the vast amenities of the City Center complex.  And one of the biggest barriers to high rises is the HOA dues - which for a limited time, is being taken care of.  VEER Towers is currently offering 2 years of HOA credits at close of escrow on the following 3 units. They all have tenants in place.  This is for a limited time.  Message me at shawn@cgvegas.com or give me a call to learn more 702-823-0855. 
 
 
3 PROMOTIONAL UNITS.



  1108-E   
  $272,000  
   539  
  Studio  
West
Partial view
  Leased at $1,350
  East  
  500  
  S-A  
3722 Las Vegas 
Blvd S. #1108  
  1605-W   
  $290,500  
   549  
  Studio  
West
Full view
  Leased at $1,450
  West  
  506  
  S-A  
3726 Las Vegas 
Blvd S. #1605  
  1704-W   
  $428,000  
   841  
  1 Bed  
West
Full view
  Leased at $2,000
  West  
  675  
  1B-J  
3726 Las Vegas 
Blvd S. #1704 

Vegas Investor Insiders... 3 bed/2-Story/2-car Condo in Great NW Location

1,492sf condo, 3 bedrooms, 2.5 baths, 2-car attached garage, gated community. 
  • Built in 2003
  • Tile floors in entire downstairs
  • Convenient location
  • Upscale Lone Mountain area near I-215 and Cheyenne, just 10 minutes to swanky Downtown Summerlin 
  • Numbers:
    • $806 annual property tax
    • $500 estimated annual insurance
    • $145/mo HOA
    • $0 SID-LID Assessment
    • Estimated rent $950
    • Short sale, bank counter price is $130,000
    • Needs some new carpet and paint.
    • Call 702-823-0840 or email kyle@cgvegas.com for more information or to write an offer today!
  

Las Vegas Sets Record Visitation in October


The Las Vegas economy is poised for continued gains. Today we learned via the Las Vegas Convention and Visitor’s Authority (LVCVA)that Las Vegas visitor-ship reached 3.78 million just in October 2015 aloneClick here to view the report. That represents a 5.6% increase year to year. Significant increases in convention attendance played a part in the higher visitor numbers. With more visitors comes more opportunity for growth on the Las Vegas strip. In addition to the forthcoming Genting Group property “Resorts World”, several other projects are under development or have broken ground in Las Vegas this year. The Lucky Dragon hotel (picture above) is being built just north of the Las Vegas strip near the Stratosphere. Also under development is the new Ālon Las Vegas, a hotel-casino project led by Australian billionaire James Packer and former Wynn Resorts executive Andrew Pascal. This will be located on the site of the old Frontier hotel. 
For sports fan, nothing is more exciting than the forthcoming (and monumental) new MGM/AEG arena between New York New York and Monte Carlo resorts. Check out a live view of the construction here. It is being built behind a brand new outdoor park and entertainment complex that will provide for a plethora of “pre-game” shows and activities (including live acts). This will be a true state of the art arena that will have 20,000 seats and is being designed with NHL hockey in mind. For college basketball lovers, it will host it’s first basketball game between our local UNLV Runnin' Rebels and the Duke Blue Devils next December. A re-match of those infamous early 1990s Final 4 match-ups. 
Exciting things are afoot in Las Vegas that will continue to drive visitor-ship and property values in the future. 
Kyle Cunningham
The Cunningham Group
Re/Max Advantage
(702) 823-0840 Desk

Tuesday, December 1, 2015

Renewed Interest in Las Vegas as a Safe Place to Make an Investment


“There’s a renewed interest in Las Vegas as a safe place to make an investment,” Mr. Parks said.

"Similarly, high-rise condo sales have rebounded to the point that some “mothballed” projects are about to come to market, said Bob Hamrick, chief executive of Coldwell Banker Premier Realty in Las Vegas. That is partly because of the ability of bulk buyers to turn a profit by selling units at a steep discount to their original price, he added."

"Record tourism, a push for more international visitors and heady lodging fundamentals are emboldening investors and developers. A record 41.1 million visitors trekked to Las Vegas in 2014 — an increase of almost five million from the trough in 2009 — and tourists have set a pace to surpass that this year, according to the Las Vegas Convention and Visitors Authority."

As we head into 2016, there is strong momentum among investors in Las Vegas, especially in investments on the Las Vegas Strip. If you would like your chance to join the rest of the investors and own your piece of the strip, we are offering Veer Tower Condos starting in the high $300K range that are already leased or are available for leasing. The Cunningham Group will lease the property for free and provide two years of free property management. 

If you would like more information, please contact Kyle Cunningham. 

Shawn & Kyle Cunningham
Cunningham Group at RE/MAX Advantage

Friday, November 20, 2015

I had the privilege of spending the day touring new communities in development in Las Vegas. One of the biggest (and most pleasant) surprises was learning of the new changes happening and in development at Lake Las Vegas. Under new ownership, we are seeing the re-opening of a new clubhouse and restaurant at Lago Vista, and brand new homes from top notch builder William Lyons. Beautiful lakeside homes are under construction right now at surprisingly affordable price points. Great options for affluent second home buyers or owner occupants.
View from Lake Las Vegas model home backyard. Contact me if you’re interested in more information! Kyle Cunningham

Wednesday, November 18, 2015

7 Reasons Why You Should Hire A Property Manager



Like everyone else these days, saving time and money are always at the top of the list. Hiring a professional property management company is worth the money to save the time to know your investment is taken care of. 

7 Reasons Why You Should Hire A Property Manager: 
  1. It is important to be totally objective when screening tenants; it is all too easy to get sucked in to an emotional tale of why their credit score is low or why they weren’t able to pay on time in their last rental. Property managers, on the other hand, assess the likelihood to pay based on a tried and true formula, and sometimes even employ a computer screening process.
  2. Finding a new tenant when you only have one (or a few) properties to advertise is far more difficult than casting a wide net advertising for tenants for multiple properties. You haven’t really saved much if your rental is vacant for an extra month or two!
  3. Professional property managers play by the rules. Because it is their vocation, they are up to speed on all the intricacies of landlord-tenant law such as how many days notice to pay or quit, how the eviction process works, etc.
  4. Property managers have special accounts set up for holding escrow, and accounting for interest which under certain circumstances must be paid to the tenant.
  5. Paperwork! Because they’ve “seen it all,” property managers have comprehensive application forms and lease documents, walk through forms, etc. that address every situation imaginable. That offers you far more protection as a landlord than using pre-printed forms online.
  6. Perhaps the most valuable asset of all is that professional property managers have a reliable network of affiliates – everyone from handyman to plumbers and electricians that they can count on in an emergency. They also work with attorneys who specialize in rental properties as well as tax professionals to give you sound advice when applicable.
  7. Thorough inspections, both before move in and upon move out, are essential to a smooth transition. Having an experienced, objective 3rd party to conduct these inspections and insure that the appropriate follow up paperwork is completed is a must.
Additional Resources



Shawn & Kyle Cunningham
Cunningham Group at RE/MAX Advantage
shawn@cgvegas.com | (702) 823-0855 Shawn
kyle@cgvegas.com | (702) 823-0840 Kyle
Source: thesavvyrealestateinvestor.com

Tuesday, November 10, 2015

eBay Investing $412 million in Nevada

By Shawn Cunningham

The transformation of the Nevada economy from solely a tourist economy to a data hub (and clean energy) based economy continue.  The immense impact of Switch Communications' vast data hubs continues with eBay looking to invest in a data center in Nevada end of the Strip.

Read more here:





Wednesday, November 4, 2015

Kyle Cunningham touring VEER Towers

Own a piece of the world famous Las Vegas strip!

CGroup's Kyle Cunningham explores an option to purchase a high rise unit as low as the high $300s range. Walking distance to Aria, Bellagio, MGM Grand, and the new AEG sports arena. There are even units already leased! Ask about our free property management incentive on high rise condos.

Check out the live tour below or by clicking here.


Vegas Investor Insiders: 1-Story / 4-Bed / 3-Car Henderson

Address: 681 Scenic Tierra, Henderson, NV 89015
  • Sq Ft: 2,096
  • Beds/Bath/Garage: 3-bedroom (potentially 4), 2 baths/3-Car garage
  • Year Built: 1995
  • List Price: $270,000
  • Projected Rent: $1,500
  • HOA Dues: None
  • Reasons to buy: Hard to find 1-story with a 3-car garage in this price range.  Located in a very well kept neighborhood with no HOA, just a couple of minutes to the I-515 for easy access to the rest of the valley. 4th room has a closet space, it's a minor change to convert to a 4th bedroom.  Very nice backyard.  Easy rental, just needs paint.
  • Renovation: $3,000
  • Purchase price recommend: Offer $260,000
  • Download MLS Reports and More Photos Here: https://drive.google.com/folderview?id=0BxiCC1VX85cAdzh5dEsxTVE4Nk0&usp=sharing



Wednesday, October 28, 2015

Investors still see value in flipping homes in Las Vegas - VEGAS INC


" House flippers aren't giving up on Las Vegas, even though profits are sliding here and rising elsewhere, a new report shows. 
Flipping accounted for 8.7 percent of home sales in Southern Nevada in the quarter ending Sept. 30, and sellers booked an average gross profit of $39,367 per deal, a 23.7 percent return, according to RealtyTrac." CLICK HERE FOR THE ARTICLE

Buy a Builder MODEL Home for $282,000 in Eldorado!

Address: New Pardee Model Home is for sale (community is closing out)
  • View Floorpan Here: http://www.pardeehomes.com/eldorado/livingsmart-homes-eldorado-ridge//movein-ready/MODEL/
  • Sq Ft: 1,849
  • Beds/Bath/Garage: 3-bedroom/2 baths/2-Car garage
  • Year Built: 2015
  • List Price: $282,000
  • Projected Rent: $1,500
  • HOA Dues: $57/month
  • Reasons to buy: The Plan 1 model that is for sale at Eldorado Ridge will include the washer, dryer, refrigerator, laundry room upper cabinets, security system, electrical pre-wires, birch wood cabinets, 42” cabinets in the kitchen, granite slab kitchen counter tops, kitchen island, stainless steel under mount sink, bbq stub out, upgraded flooring, alumawood patio cover, backyard landscaping, and more! 
  • Renovation: N/A
  • Notes: 
    • Purchase price recommend: You can typically make an offer on standing inventory. Make an offer in the $270,000 range.

Vegas Investor Insiders: New Construction in Green Valley! $309K

Address: 1050 Bobby Basin, Henderson, NV 89014
  
  • View Interactive Floorpan Here: http://www.drhorton.com/Nevada/Las-Vegas/Henderson/Warm-Springs-Ranch/2260-Plan/1050-Bobby-Basin-Ave.aspx#FloorPlan
  • Sq Ft: 2,260 sf
  • Beds/Bath/Garage: 4-bedroom/2.5 baths/2-Car
  • Year Built: 2015
  • List Price: $309,990
  • Projected Rent: $1,700
  • HOA Dues: $44/month
  • Reasons to buy: Rare new construction in Green Valley, one of the more popular and established communities in Henderson.  Located within walking distance of large retail, commercial districts and the under-construction Henderson Hospital and health district.  Easy access to both I-515 and I-215.  This property is located in the center of the community, on a perfect corner lot with a large backyard.  4 bedrooms, and it's completely done, just needs appliances, blinds and landscaping.  
  • Renovation: N/A
  • Notes: 
    • D.R. Horton Built Home
    • 4 Bedrooms + Loft
    • Oversized lot
    • Tile Floors
    • Granite countertops
    • Two-tone paint 
    • Walk-in Closets in Two Secondary Bedrooms
    • NO LID/SID
    • Low HOA Dues
    • Purchase price recommend: You can make an offer on standing inventory. Make an offer in the $300,000 range, ask for washer/dryer/refrigerator and blinds

Wednesday, October 21, 2015

Vegas Investor Insiders: Excellent Pre-Negotiated Deal on a 1Story 4-Bedroom

We have a great opportunity for a pre-negotiated deal on a single story 4-bedroom home in the North West part of the valley. The address is 1305 Misty View. 
We just got great terms negotiated but by the time the seller replied, our investor had secured a backup deal elsewhere. 
 
If it interests you just let me know. We may be able to hold these terms for a couple more days. 

Property Profile:
1763sf, 1-story, 2-car attached garage
Built 1992
4-bedrooms, vaulted ceilings 
Recently installed wood laminate floors throughout most of the house with tile in some areas. 
Great curb appeal 
Island kitchen
$20/mo HOA
$1171/year taxes
Estimated rent $1,200 per month
Price $180,000 
 
Seller has already agreed to these terms:
$180,000 price ($5k off list)
Seller will pay for a full coverage home warranty for 1 year
$2900 closing cost credit 
$2500 repair credit for patio cover
 
Recommended upgrades:
$2500 granite counters for kitchen
$750 electrical / fixtures  (adding ceiling fan lighting to the bedrooms)
$350 new dishwasher
$2000 interior painting 
$1800 fridge/washer/dryer
$7400 projected costs
 
Also
$2500 to replace or bring patio cover up to code (may be much much less. Seller will credit for this in full anyway. )



Let me know if you may be interested! 

Wednesday, September 30, 2015

High rise condos available at Veer Towers in the City Center of Las Vegas!

Own a piece of the world-famous Las Vegas strip! This upcoming high rise listing is located at Veer Towers, in the City Center complex on Las Vegas Blvd. Walking distance to Aria, The Cosmopolitan, Bellagio, Paris, Mandarin Oriental, Caesar's Palace, MGM Grand, and the under-construction 20,000 seat MGM-AEG Arena.

Check out a unit currently for sale:
http://tours.virtuance.com/410233?idx=1

This particular unit is 843 square feet and located on the 27th floor! It is currently tenant occupied on a short term basis at $1,900 a month.

Call me with questions!

Shawn Cunningham
shawn@cgvegas.com
(702) 823-0855

Wednesday, September 23, 2015

Las Vegas home prices up 10 percent over last summer

According to the latest report from GLVAR, Las Vegas area home sales and prices continued to post healthy gains in August 2015 compared to the year prior. The median price of homes sold sold during August was $220,000, up 10 percent from the same time last year.

"We're seeing double-digit increases for both the median price and the number of single-family homes being sold here in Southern Nevada," said 2015 GLVAR President Keith Lynam. "At this point, we're well ahead of last year's sales pace, which is good news for local homeowners and the housing market. It remains a fairly balanced real estate market, which is solid news for both buyers and sellers."

Click here to read more on the story.


Shawn & Kyle Cunningham
Cunningham Group at RE/MAX Advantage
shawn@cgvegas.com | (702) 823-0855 Shawn
kyle@cgvegas.com | (702) 823-0840 Kyle

Tuesday, September 15, 2015

Las Vegas climbs in housing confidence rankings

According to a new report from Zillow, the Las Vegas valley ranked No. 9 in the Zillow Housing Confidence Index as of July - up from spot No. 13 in January. Twenty of the largest metro areas were included in the index.

The median sales price of single-family homes came in at $220,000 in Southern Nevada as reported by GLVAR, up 10 percent from August 2014.

Zillow noted that about 12 percent of Las Vegas renters surveyed plan to buy a home in the next year, and 66 percent of homeowners believe local property values will have climbed a decade from now.

With more renters hoping to buy and more owners gaining confidence in the local market, the measure of faith in Las Vegas housing is still on the uptick, while national measurements of the same data have slumped slightly.

People are still "quite confident overall," said Svenja Gudell, Zillow chief economist. "The good news is things are leveling off with no crash in sight. If incomes rise to keep up with home values - and that's a big if - people can count on homeownership in their future, even in hot markets."

Shawn & Kyle Cunningham
Cunningham Group at RE/MAX Advantage
shawn@cgvegas.com | (702) 823-0855 Shawn
kyle@cgvegas.com | (702) 823-0840 Kyle
Source: VEGASINC.com

Tuesday, September 8, 2015

3 features Americans want in their dream home

As it turns out, most Americans have a pretty clear idea of what they want in their ideal home - and it doesn't involve living large. This may be surprising to some, but as it turns out bigger isn't always better.

“Most people want a mid-sized, modern home in the suburbs with a backyard deck,” said Selma Hepp, chief economist of Trulia. “Americans are pretty realistic and practical when it comes to what they want in their dream home.”

Here are the top 3 features, broken down in numbers:

  • 44% of respondents want an average-sized home between 1,401 and 2,600 square feet — choosing a home that is not too big or too small.
  • When describing where their dream home is located, most respondents are evenly split between wanting to live in the countryside (27%) and the suburbs (27%) rather than in the heart of a major American city (8%).
  • Most Americans are less modest when it comes to the amenities they desire in their dream home: 59% say they want a backyard deck. Other features they want in their dream home include a balcony with a view (45%), gourmet kitchen (47%), vegetable garden (40%), open floor plan (38%) and swimming pool (38%).

Shawn & Kyle Cunningham
Cunningham Group at RE/MAX Advantage
(702) 823-0855 Shawn
(702) 823-0840 Kyle
Source: MARKETWATCH.com

Wednesday, September 2, 2015

Henderson cat hoarding makes great case in the need for property managers

Yikes... reason number 1,000 why it's important to hire a good property manager if you own a rental property in the greater Las Vegas area.

In this particular scenario, none of the neighbors had any idea that about 60 cats were being held in a nearby single apartment unit.... This is why our Property Managers do annual checkups on properties, for single family residential homes as well as condos and townhomes - because you would never know how your property is being taken care of unless you went inside!

Check out the local cat hoarding story at the following link:
http://lasvegassun.com/news/2015/aug/28/case-henderson-cat-hoarding-solves-odor-mystery/


Shawn & Kyle Cunningham
Cunningham Group at RE/MAX Advantage
(702) 823-0855 Shawn
(702) 823-0840 Kyle