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, May 24, 2016

Who are the Largest Foreign Buyers of Real Estate?

According to a recent article by AFP, "Chinese nationals became the largest foreign buyers of US homes last year as they pour billions into American real estate, seeking safe offshore assets, according to a new study."

"What makes China different and noteworthy is the combination of the high volume of investment (and) the breadth of its participation across all real estate categories,” including a “somewhat unique entry into residential purchases,” the study said.

Between 2010 and 2015, Chinese buyers put more than $17 billion into US commercial real estate, with half of that spent last year alone.
But during the same period at least $93 billion went into US homes. And in the 12 months to March 2015, the latest period for which relatively comprehensive data could be gathered, home purchases totaled $28.5 billion.
That put the Chinese past Canadians, who have long been the biggest foreign buyers of US residential real estate.
Geographically, Chinese buyers are concentrated in the most expensive markets: New York, Los Angeles, San Francisco and Seattle. But Chicago, Miami and Las Vegas have also drawn buyers.
The motivations are broad: some are buying second homes, some are buying as they move to the United States on EB-5 investor visas; some are investing for rental and resale.

Shawn & Kyle Cunningham
Cunningham Group at RE/MAX Advantage | 702-960-4819 Shawn | 702-960-4819 Kyle
Source: AFP

Tuesday, May 17, 2016

Most Anticipated Two Seconds in Las Vegas

According to a recent Vegas Inc article, "Gov. Brian Sandoval, who had praised the company’s decision to do testing in the state at an economic development meeting in March, applauded the company’s progress Tuesday as it prepares to test."
“We believe that Hyperloop One will develop the next mode of transportation while also providing a significant revenue stream and job opportunities for Nevadans,” he said in a statement. “This company will be an anchor at the Apex Industrial Park and I look forward to a successful partnership for years to come.”
"The company is expected to invest more than $121 million in its Nevada testing projects and bring about 100 jobs to the region."
Shawn & Kyle Cunningham
Cunningham Group at RE/MAX Advantage | 702-823-0855 Shawn | 702-823-0840 Kyle
Source: YouTube
Source: Vegas Inc

Friday, May 13, 2016

Vegas Investor Insider -- Stunning 1-Story with Pool/Spa Already Leased $195K

1% Cash Back on Las Vegas 1-Story Home Pool/Spa $195,000 -- $1,300 in rent! 
Presented by Cunningham Group at RE/MAX Advantage
3732 Sorrowing Sparrow, N Las Vegas, NV 89032

For Sale: 1,515sf home, 3 bedroom, 2 bath 1-story home

  • 3732 Sorrowing Sparrow
  • Built in 2001
  • Breakfast bar kitchen
  • Corin Countertops
  • All appliances included
  • 2-car garage
  • In-Ground Pool/spa
  • Already leased. Current lease expires 9/30/16
  • Numbers
    • 1% cash back 
    • HOA $45/month
    • Rented for $1,300 a month plus tenant pays for pool service.
    • Pre-List Price $195,000
    • Call 702-823-0840 or email for more information or to write an offer today!

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Tuesday, May 10, 2016

New Lucky Dragon Casino To Be Completed This Year

According to a recent Vegas Inc article, "Backers of the Lucky Dragon resort under construction just off the north end of the Strip say the project is fully financed and on track to open later this year." 

The Asian-themed casino paused their plans late last year when the city declined to help provide tax increment financing. The Lucky Dragon recently announced they are back on track and plan to have the casino completed by the end of the year.

The Lucky Dragon aims to be the “first casino resort to deliver an authentic Asian lifestyle experience” in Las Vegas, the project’s statement said. Its features will include signs in Chinese first and English second, multilingual staff members and a high-end tea garden.

“We really want to be a — from the ground up, in our DNA — culturally authentic Asian resort experience,” David Jacoby, the Lucky Dragon’s chief operating officer, said in an interview.

Overall, Jacoby said, the Lucky Dragon wanted to revive the idea of a “smaller, intimate, personalized, service-type environment” that “inherently gets lost” at Strip megaresorts. 
The resort will feature a 27,500-square-foot casino, multiple restaurants serving Asian cuisine, a hotel with 204 rooms and a 4,500-square-foot spa. The casino will emphasize games popular in Asia, such as baccarat and pai gow, and a 1.25-ton glass dragon sculpture will be suspended from the ceiling, according to the statement.

Construction is about 70 percent complete, according to Jacoby.

Shawn & Kyle Cunningham
Cunningham Group at RE/MAX Advantage | 702-960-4819 Shawn | 702-960-4819 Kyle
Source: Vegas Inc

Tuesday, May 3, 2016

$94.5 Million Sold in Largest BLM Auction Since Boom

According to a recent Review Journal article, "the federal Bureau of Land Management on Tuesday sold its largest amount of land in a single auction since Southern Nevada’s boom era. The agency auctioned off 818.7 of 856.2 acres it put on the market in the sale, which was held inside the Clark County Government Center. The 34 parcels went for a total of $94.5 million, or 10.7 percent more than the $85.4 million total starting price tag on all 39 available lots."
American West Development 37.5 acres for $7.6 million
Lewis Investment Co. of Nevada
77.3 acres for $23 million
Vision Commercial One
2.5-acre piece at Johnson Street and Gary Avenue for $525,000
140-acre site at Larson Lane and La Cienega Street for $12 million
"Tuesday’s auction was the biggest since the November 2005 sale of more than 2,900 acres across the Las Vegas Valley."
As events such as this one continue to happen, it just continues to reiterate the come back that the market in Las Vegas is making. If you didn't think real estate was starting to stablize, here is another example of the confidence in the market. 

Shawn & Kyle Cunningham
Cunningham Group at RE/MAX Advantage | 702-960-4819 Shawn | 702-960-4819 Kyle
Source: Review Journal