Last night on our local news i watched an interesting story about how Las Vegas MGM Grand Signature Towers is being sued by Condo owners. This lawsuit has been going on for several months now and it is no surprise that there have been allot of disgruntled buyers of MGM Grand Signature Towers Condos. The lawsuit alleges that the buyers were mislead by sales staff when they purchased their condos and a stipulation in the contract specifically covered MGM in case a sales agent made a promise that held no merit. MGM is now having to have this lawsuit go before a jury to find out whether or not the Condo buyers were in fact mislead into purchasing Condos with in MGM Signature Towers by promises of extremely high financial gains. This is a perfect example of why any High rise Condo buyer must have proper representation before they even consider purchasing any style High rise Condo, whether it be a Vacation home, Primary residence, or Investment like a Condo Hotel. The Condo buyers in the Lawsuit said they had promises made to them by sales representatives that stated they would receive higher nightly rates than what they are now currently receiving by having their condos enrolled in the MGM resort rental program. People have to keep in mind that nobody can make you any type of promise as to what you will receive in the future because no one can control what happens in our daily lives like WAR, economical down turns, tourist trends, and especially future nightly room rates & if they do make you an outrageous promise run and run fast. If you are interested in buying a High rise Condo for what ever reason i can guarantee you only 1 thing and that is you need to be represented by a professional who understands what your needs are and has your best interest before anything. The disgruntled Condo buyers that have this on going lawsuit with MGM must not have had proper representation because it was said that they purchased their condos form any were between $600K-$800K and were promised nightly rates to be $300 + per night. Now with that said lets do some simple math to figure out if this would have even been a halfway decent investment, lets say they got extremely lucky and their condo was rented out every night for $300 which would equal $9000. The average cut for a condo hotel is 60-40, 60% going to the owner and 40% going to the resort, this is not to bad because you would be left with $5400, but this would mean your condo was rented out every single day of the month which is highly unlikely. Lets cut the number of days your condo was rented by half which would mean that it was only rented for 15 days out of the month. This would total $4500 and now subtract the 40% and it would leave you with $2700 and i don’t think that their mortgages were any were close to that with purchase prices of $600K-$800K do you? Like i stated earlier in this post it is a MUST you have proper representation when purchasing a High rise Condo for what ever the reason.
I have a client who has a Trump Studio and is not able to close. We are looking for some one who can close quick time is running out for my client she is also selling for less then what she put the unit under contract for. This unit is priced at 549,000 which is 150,000 less then what the development is selling for. This unit is located on the 26 floor this amazing studio faces the Wynn Resort and golf course, Wynn Encore and the brand new Palazzo. These breath taking views are some of the best in town. This studio comes fully furnished with the highest quality materials such as Italian marble floors, seamless glass shower, granite counter tops and so much more. Take advantage of the Trump brand by enrolling your Trump studio into the resort rental program and share in the profits with Donald when your not using your Studio. Don’t let this deal pass you by its the best priced studio available at Trump Click here to view current inventory
For more information about this amazing Trump studio visit www.TrumpTower2609.com or for information on other luxury High rise condos visit www.TheView99lv.com or call me direct 702 542 1883
Today on the Las Vegas Sun I read a article about the number of construction deaths in the NEW High rise Market within the last 16 months the amount of deaths while working on these developments have exceeded the total reported for the entire 1990’s building boom. I am completely 100% behind the NEW Vertical High rise market here in Vegas but I believe in safety first and I also believe that if these construction sites were not as crowded,the construction workers had the right supervision,proper training, and if they weren’t forced to rush and cut corners there would be would be 9 less lives lost I do not agree with the idea of canceling these projects but i do believe that safety comes first my heart goes out to all of the people who has lost there lives and to there family that they left behind I do not believe that the construction workers are to blame because they just like every one else have to pay bills and sometimes we do things that we may feel right but we still do it just to make ends meet. Click here to read article in the las Vegas Sun and take a look at the video that is on the page and also the construction map that gives information on each victim,the development they were killed at,what happen, OSHA investigation and the follow up.
So what are your thoughts about the NEW Vertical community here in Las Vegas
for more information on the Las Vegas Luxury high rise community visit www.TheView99lv.com
or visit www.MakeaTurnercbw.com
There are some great deals here in Las Vegas on Luxury High rise condos/lofts There was recently a $290,000 Loft style condo for sale at Newport Lofts and it was such an amazing deal I forwarded the information to one of my clients who is a doctor out of state and the very next day we put in a offer on that property it was a short sale and so we are still waiting on a response from the bank. There is another great deal at Newport Lofts That I feel has great potential to be a big money maker Its not another steal priced at 290,000 but This condo is located on the on the 11th floor it is 1,072 sq ft with amazing views of the world famous strip and rocky mountain ranges. Click here to view detailed information about this property.This property has so much potential just the same as any other loft style condo purchased at the right price and flipped with TOP of the line decor . There is so much that can be done to these lofts Take a look at the video tour of the development and let your imagination fill this loft with top of the line decor There are currently 26 Lofts listed for sale and people are wondering why they are not selling I have had several people contact me about this amazing development but they all say the same thing they like the development but they need some upgrades and just like most people they don’t wanna hassle with doing the work themselves. I have noticed that most buyers have a problem envisioning these properties finished with TOP of the line designs me personally I love the idea of being able to come in and put my unique touch to what ever it is that I’m involved in home, real estate business etc. Dont let another great deal pass you by visit www.TheView99lv.com for more information on other Las Vegas Luxury high rise condos or contact me directly for a list of some of the best deals on Luxury High rise condos here in Las Vegas
I read a great article this morning on the Las Vegas Review journal www.lvrj.com
The article was wrote by HUBBLE SMITH. It detailed a lot of great information about the current housing market here in Las Vegas and they spoke a little about the the future. Click here to read full article. for more information on Las Vegas Luxury High rise condos visit www.TheView99lv.com or to search homes that are available for resale Click Here.
This Condo at Turnberry Towers Las Vegas is Located on the 11 th floor with breathtaking views of the Las Vegas Valley this condo can be your today.There is a tenant in place the tenant pays more then $1,500 per moth in rent. This property has been on the market for several months it was originally listed at $499,000. Turnberry Towers is Located on Karen Ave Just minutes from the world famous Las Vegas Strip with world class entertainment,the finest dinning and shopping just around the corner. Click here to view more information on this property. Turnberry Towers is a guard gated community with 24/7 valet service. Amenities include Social Pool with sand beach, Gas BBQ’s, Gazebo with refrigerator,24HR CONCIERGE and so much more Click here for detail or contact me today to schedule an appointment to view this condo. For more information on other luxury High rise condos available visit www.Theview99lv.com
Most people hear about the doom and gloom of real estate and the current financial markets. What i am trying to accomplish with my reporting is to try and open people up to the tremendous opportunity that is currently available to people who are in the right position. I have mentioned before that Las Vegas is always effected later and recovers quicker than any other city in America when there is trouble in our nations Real Estate markets or financial sectors. Since the beginning of the year sales have continued to climb back up while the price’s are still lower than usual. One must understand that we have set records for several years straight in Las Vegas and just because things took a turn for the worst doesn’t mean we suffered as much as other city’s in America. Let me use an analogy to explain better, ok picture yourself sitting at a black jack table, you’ve played 10 straight hands and have won each time with a minimum bet of $5. So now your up, the next five hands you lose with a minimum bet of $5 bucks, but in reality your still up but not as much as before. This is similar to what has been happening here in our local Real Estate markets we were up for a long time and now we have slipped but in actuality we are still up because of how high we had gotten when things were in our favor. There is a whole lot of opportunity in our Real Estate market right now and you have to have people on your side who understand this and could find the deals that are lucrative. All across the board there can be deals found that are great and especially in the High rise Condo sector. Right now the most attractive deal i have come across is a Sky Las Vegas High rise 1 bedroom Condominium located on the 17 floor with Strip views for ONLY $359,000. This is absolutely a fantastic deal considering that Sky las Vegas is the only residential High rise Condominium development directly on the Las Vegas Strip right now. Surviving at the top is exactly what Las Vegas vertical property’s are doing and will continue to do for years and years to come.
There are some really great deals on Luxury High rise condos at Turnberry Towers. There are Some located at the Top of the building with amazing Views of the Las Vegas Valley. There are some units designer ready waiting for your special touch. Other units have been completed and finished with designer furniture and top of the line appliances. There are currently 3 units located on the 45th floor right next to each other that can be purchased and combined into a one of a kind 6,000 sq ft masterpiece. World class amenities include guard gated entry to the community 24 hr valet service ,state of the art fitness center,Spa with sand beach,BBQ area and so much more Click here for details on some of the best deals at Turnberry Towers
Great deal on a Luxury High rise condo at Palms Place. This condo is located on the 51st floor this suite has a full balcony with a 180 degree views of the strip. This condo comes fully furnished with contemporary decor. Palms Place is home to Los Angeles based Sunset Tan which has been featured on National televised network E! At Palms Place you can dine at the finest restaurants and experience the most exciting night life in Las Vegas. For more details about this fabulous deal click here
For more information on other luxury High rise condos visit www.TheView99lv.com
People all over the country are claiming that there isn’t any good deals in Real Estate right now because of the horrible housing market and credit crunch. These voices can be heard through out any city in America. But if you pay close attention to who the voices and comments are coming from you will soon see that they are defiantly not coming from people who invest in Real Estate. Our great city of Las Vegas is home to some of the most lucrative deals in Real Estate at the moment. I specialize in representing High rise Condo Buyers in their purchasing of a Las Vegas Vertical property so i will stick with deals that have to do with High rise Condos which i have encountered in the last few weeks. I have see several High rise developers offering lease back opportunity’s on selective unites that are currently for sale which means that the builder will lease the Condos back from the purchaser for a certain amount of time and price per month. These deals are commonly found with model unites that the developer needs to sell for one reason or another but they still need to use these unites to show prospective buyers how they’re s can look. Right now you can have your pick in size and price which makes it an even more appealing to investors. If you click here you can see 3 separate High rise Condo listings that offer this type of opportunity at Turnberry Towers, which is the newest addition to the NEW Las Vegas Skyline. If you are an investor who is interested in High rise Condo investing in Las Vegas these deals are perfect because they allow you to have a long term tenant in place ( the developer) will you accumulate the appreciation that comes along with time. If you would like more details on these deals or similar deals like this please contact me by clicking here.
and their condo was rented out every night for $300 which would equal $9000. The average cut for a condo hotel is 60-40, 60% going to the owner and 40% going to the resort, this is not to bad because you would be left with $5400, but this would mean your condo was rented out every single day of the month which is highly unlikely. Lets cut the number of days your condo was rented by half which would mean that it was only rented for 15 days out of the month. This would total $4500 and now subtract the 40% and it would leave you with $2700 and i don’t think that their mortgages were any were close to that with purchase prices of $600K-$800K do you? Like i stated earlier in this post it is a MUST you have proper representation when purchasing a High rise Condo for what ever the reason.
