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, February 23, 2016

Las Vegas House Flipping Making a Comeback



According to a recent Bloomberg Business article, house flipping in the Las Vegas area has started to make a comeback. "In the third quarter of 2015, flips accounted for 10.4 percent of homes sales in the Las Vegas metropolitan area, the highest rate among the 85 metros included in the report." When the housing bubble burst, the Las Vegas flips dropped drastically over a couple year period, but have started to make a steady comeback the last couple years. Click here to view a chart from the last 15 years"Las Vegas’s rising flip rate isn’t necessarily a bad sign, said Ralph McLaughlin, chief economist at Trulia. If the resales are driven by investors who see an opportunity to buy homes and make repairs neglected during the recession, the activity could be a good thing."

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

Monday, February 22, 2016

Vegas Investor Insiders -- Henderson 5-Bedroom Pool Property $364,900

Renovated Henderson Property $364,900 -- $2,200 in rent! 
Presented by Cunningham Group at RE/MAX Advantage

investors.vegas
528 Carnforth Drive, Henderson, NV 89014

For Sale: 2,608sf home, 2-story, 9,148sf lot

  • 528 Carnforth Drive, Henderson, NV 89014
  • Built in 1985
  • Large in-ground pool and spa
  • Located in Green Valley
  • Recently Renovated:
    • Brand new HVAC system (including brand new furnace)
    • Brand new roof from Titan Roofing
    • Brand new water heater
    • New window coverings
    • New upgraded Everclear carpet and wood floors
    • Brand new custom kitchen cabinets and granite countertops 
    • Brand new custom master bathroom with bevel edged subway tile surround 
    • New fixtures
    • New appliances
    • New custom vent hood
    • New garage door 
  • Numbers:
    • Estimated rent $2,200
    • HOA $25/month
    • Any offer would be subject to verification of all data and interior walk throughs.
    • Call 702-823-0840 or email kyle@cgvegas.com for more information or to write an offer today!






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Cunningham Group · 9555 S. Eastern Ave. #103 · Las Vegas, NV 89123 · USA

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Friday, February 19, 2016

Move-in Ready Henderson Home! Under $200k! Las Vegas Investor Insiders List!

Move-in Ready, Upgraded 1-Story Home in Henderson! Under $200,000

Presented by Cunningham Group at RE/MAX Advantage

investors.vegas
 839 BRAHMA LN (Henderson)

For Sale: 1243sf home, 3 bedrooms, 2 baths, 2-car garage, 1-story. 

  • 839 Brahms
  • Built in 1990
  • Tile floors in common area
  • Backyard fully landscaped
  • Located in Henderson
  • Numbers:
    • $1,046 annual property tax
    • $600 estimated annual insurance
    • $0 HOA
    • Estimated rent $1,200
    • Move-in Ready!
    • Call 702-823-0840 or email kyle@cgvegas.com for more information or to write an offer today!

 
 






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Tuesday, February 16, 2016

Las Vegas: 2015 Review and 2016 Outlook



As we look back at 2015 and look forward to 2016, the Las Vegas community has seen growth and can look forward to even more growth in 2016. From a record number of visitors to a decreasing unemployment rate, Las Vegas is starting to see a stable market. According to a Las Vegas Now article, "Experts say Nevada was one of the states hit the hardest by the recession, but it's also bouncing back a lot faster than other states."  

2015 REVIEW

Airline Passenger Volume: McCarran International Airport reported a 6% increase in passenger volume totals over the previous year 2014. Over 45 million passengers traveled through McCarran. The airport's biggest year occurred in 2007, when 47.7 million passengers used the airport. Check out the recent report from McCarran for 2014 and 2015 here

Unemployment Rate: In 2015, the unemployment rate for Las Vegas continued to decrease, according to the independent website Department of Numbers. Although Las Vegas is still behind the national unemployment rate, the Las Vegas rate continues to decrease at a steady pace. In February 2015, the Las Vegas unemployment rate was 7.2% and finished 2015 at 6.3%. 

Visitation: According to a Las Vegas Convention and Visitors Authority article, Las Vegas broke a tourism record with over 42 million people visiting the city in 2015 (see table below). In 2014, Las Vegas topped over 40 million visitors for the first time. LVCVA recognized that the increased convention attendance and increase in non-stop flights played a role in helping reach 42 million passengers. "Tourism is the lifeblood of the Southern Nevada economy and the Las Vegas Valley generating more than $50 billion annually and supporting 366,000 local jobs, which represents 43 percent of employment within Clark County."





2016 OUTLOOK

Economy: According to a Las Vegas Now article, "[experts] feel confident about Nevada's economy growth.  Especially, since taxable sales are also doing well, and tourism continues to go up." Las Vegas has a bright outlook for 2016. "We're almost back to the peak in a lot of variables, said Stephen Miller, Center for Business and Economic Research at UNLV.  "We probably will pass through that peak in 2016." Miller also predicts a healthy job growth. "The unemployment rate has come down more slowly than some would have hoped, but it's been coming down," Miller said.  "It's almost back to where it was before the great recession.

Real Estate: Along with the economy, the real estate market has also reached a stable point. The median home price continues to hold at $220,000 and the interest rates have been fairly low, making it a great time to purchase a home. New home construction is also seeing an increase. According to a recent Vegas Inc article, "Las Vegas homebuilders sold more houses last year than in 2014 and geared up for a rising volume of construction, a new report shows. Builders closed 698 new-home sales in Clark County last month, bringing the final 2015 tally to 6,802. That’s up 13 percent from 2014, according to Las Vegas-based Home Builders Research. 



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

Wednesday, February 10, 2016

Vegas Investor Insiders -- 1 Bedroom Rented Unit on the Las Vegas Strip

Veer Towers Investor Promotion! 
Presented by Cunningham Group at RE/MAX Advantage

investors.vegas
Promotion: Large 1-Bedroom Rented Unit in Veer Towers

3726 Las Vegas Blvd S. #1704 

  • Tenant Occupied Unit
  • One bedroom
  • Unit 1704-W
  • $428,000
  • 841 sq. ft.
  • HOA $675
  • 2 years of HOA credit ($16,200)
  • Leased at $2,000 per month
  • City and Mountain View
Veer Towers Promotion Ending 2/14/16
 
Call 702-823-0840 or email kyle@cgvegas.com for more information or to write an offer today!
 











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Tuesday, February 9, 2016

North Las Vegas' Apex Park Continues to Attract Transportation Companies



According to a recent Review Journal article, another transportation company has submitted plans to create a full-scale test site at the Apex Industrial Park in North Las Vegas. Hyperloop Technologies is a Los Angeles based company that broke ground last month on a 50 acre site to build a smaller test site in Apex Park. For 2016, this could create 60 to 80 jobs in construction and engineering. They hope to begin testing in April with an open-air prototype that would reach speeds of 400mph. If they are approved for the full-scale test site, they could be testing the prototype on a 2 mile track by the end of the year. 
"That's a moment the world will be watching," said Lloyd.
"The premise of this "fifth mode of transportation" involves transporting people or cargo in levitated capsules through tubes at speeds up to 750 mph. At such speeds, a Las Vegas-Los Angeles trip could take under a half hour. Lloyd said the company is focusing on both freight and people. The technology could alleviate traffic in cities and make the process of moving cargo more efficient, said Lloyd."
"The company expects to be commercially ready by 2021, and hopes to identify three initial routes by 2017. Lloyd said Wednesday that the company is looking nationally and internationally. The company has raised $37 million so far and is in the process of closing another round of funding that would cover the costs of testing it full-scale, Lloyd said."
With Faraday Future and now Hyperloop Techonologies, North Las Vegas is starting to become a high-tech transportation hub and could possibly attract more companies to start or move in the future. 

Check out a recent CNN video talking about the Hyperloop test track

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

Sunday, February 7, 2016

Southwest Las Vegas Pre-Listing Sub $200k Investor Opportunity - Investor Insiders List

3 Bedroom 1500sf Property in Southern Highlands 
Presented by Cunningham Group at RE/MAX Advantage

investors.vegas
10580 Lessona, Las Vegas, NV 89141
(Southern Highlands)

 
 






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Cunningham Group · 9555 S. Eastern Ave. #103 · Las Vegas, NV 89123 · USA

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Tuesday, February 2, 2016

UNLV Closes $50 million Purchase of Land for Possible Stadium


Exciting new things continue to come up as we start 2016. UNLV made a big announcement a few weeks ago. According to the Las Vegas Sun article, "UNLV has closed the deal on 42 acres of empty land along Tropicana Avenue and Koval Lane that could be used to build a long-awaited stadium on campus."

Kyle and Shawn are both UNLV alumni and love the Las Vegas community. The location will be a great selling point and can have a beneficial economic impact on the school and city. 

"Construction on permanent facilities, which could be a stadium or a “village” style complex with space for academic departments, is not expected for another several years, officials said. Community support for UNLV acquiring the land was nearly unanimous, with many touting the potential economic benefits of a stadium close to the Strip."

Go Rebels!


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 Sun




Las Vegas' Unemployment Rate Continues to Decrease



According to a recent Review Journal article, Las Vegas' unemployment rate continues to decrease. 

"The market posted unemployment of 6.2 percent in the month, down from 6.4 percent in November and 7 percent in December 2014, the state Department of Employment, Training and Rehabilitation reported Tuesday."

"Local employers added 18,100 jobs year over year, for a growth rate of about 2.5 percent."
"Businesses continue to show confidence in Nevada's growing economy as payrolls continue to flourish," said Bill Anderson, chief economist of the employment department.
Back in September, Governor Sandoval announced that Nevada saw it's 5th straight year of non-stop job growth and Nevada has the "third-strongest job growth rate in the nation through the first half of 2015." 
We look forward to seeing Las Vegas' economy continue to grow!

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

Vegas Investor Insiders -- Henderson 4-Bedroom Pool Property $224,900


244 Mariposa Way, Henderson, NV 89015

1524sf home, 1-story, 7,841sf lot
  • Built in 1993
  • Beautifully upgraded with 20" travertine ile flooring, granite countertops, two-tone paint. 
  • Fully landscaped with artificial turf.
  • Large in-ground pool.
  • City views from backyard
  • Estimated rent $1,450
  • Suggested offer price: $224,900
  • Expenses:
    • $1,224 annual property tax
    • $600 estimated annual insurance
    • No HOA