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 | 702-960-4819 Shawn | 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 | 702-960-4819 Shawn | 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 or give me a call to learn more 702-823-0855. 

Partial view
  Leased at $1,350
3722 Las Vegas 
Blvd S. #1108  
Full view
  Leased at $1,450
3726 Las Vegas 
Blvd S. #1605  
  1 Bed  
Full view
  Leased at $2,000
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 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 Ä€lon 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