Las Vegas Luxury Condos

08/16/2024

AirBNB reported a big warning about Travel demand going down. Their stock is down about 14% as consumers are running out of money. This is bad news for the housing market because the housing market will be affected by the drop in revenue from investors who purchased homes to advertise on AirBNB and collect the revenue from travelers.

The good news is that lower cost accommodations like extended stay hotels will boom over the next 3 years as homeowners and tenants that cannot make their monthly payments are displaced. You can look at history and when we had Covid, occupancy for hotels in Las Vegas dropped to 7% at the all-time low and the extended stay hotels had waiting lists for units.

I feel like we are very well positioned for the next 5 years as we enter a recession.

The CEO of Airbnb just sent a massive warning into the US economy in 2024, signaling a big earnings miss and slowdown in US economy. Access housing data on R...

03/03/2024

I recently did a podcast for physicians interested in learning about investing in commercial real estate. We talk about the business, the economy, raising capital, creating a brand, and the Extended Stay Hotel market with Kyle Stephenson D.O. It’s a great podcast. Check it out. https://youtu.be/IDJi4mRukNk?si=j6U7RC1Qynoc7bo9tje

In this episode, Dr. Kyle Stephenson interviews an impressive Real Estate Operator, Jason Trindade. Jason has an extensive background which includes CEO of P...

01/13/2024

I am going to share with you my architect that has done my renderings for the last 5 years. While we heard about the Gaza Strip, she has been living the nightmare. She has 4 children and her ability to work has been disrupted and she is trying to relocate to Egypt. I just made one of her first donations and I ask all of you to take a moment to read her story and contribute to her cause to help relocated her family from war torn Gaza to Egypt. If you donate to her, she can bring her family to safety and return to work helping bring the vision of real estate investors to reality. Some of her work is on my website. She is truly a talented women and I hope that she can raise enough money to relocate her and her 4 children.

Hello, friends of humanity around the world, I'm Susan Adel, an architec… Alla' Adel needs your support for Save MyFamily by moving from Gaza to a safe place

05/21/2023

It’s time to get upset if your investments are performing like this and take some action. I’d be really upset if my investment had a 0% return after 10 years and you should be too.

This particular high rise, Allure Las Vegas, appears to be retracting back to pricing we saw 10 years ago.

I have been advising my clients to re-evaluate their investments in luxury condos that have high HOA fees and consider alternatives that have less risk and produce returns above the reported rate of inflation.

If you luxury condo investment nets you a 2% return annually and inflation is 8%, you are losing 6% of your moneys buying power every year. Luxury condo interest rates have soared 5-6% which resulted in financed investment properties creating negative cash flow which is not good for anyone. The only investors who can produce a return are paying cash and still only see net returns of 1-2% in most cases.

There are various investment tools that you can utilize to grow your savings and outpace inflation. A good example of a passive investment is stocks that pay dividends, ideally 8% or more. Selling your condo and reinvesting in this type of stock would more than quadruple your ROI and have a significant impact on your retirement nest egg.

Other real estate investments include Commerical assets like apartments, hotels, strip malls, and gas stations. You can purchase these investments yourself, invest passively with a real estate syndicator, or partner up with an operator who needs cash to form a joint venture.

If your investment looks like this, you should consider selling and finding a different vehicle to accomplish your goals. If you have any questions, feel free to send me a private message.

05/27/2021

The view from Sky Las Vegas just improved by 100%! Resorts World has been an eyesore for years and now it’s a work of art shining as bright as the other Las Vegas Casinos! Congratulations to Genting Group on getting this project done. The area is gonna be the new hot spot. If you are interested in buying luxury condos in Las Vegas, send me a message. Jason Trindade, Proximity Capital B.1043593.

10/30/2019

Las Vegas has some great luxury condos that you can rent for affordable prices. This one is at Sky Las Vegas for $1,995. Call us today for a showing. 702-540-5471.

Our luxury condo at Sky Las Vegas is available for lease terms from 3 months to 1 year. Our 2 bedroom luxury apartment features wood floors, stainless steel appliances, a private balcony, and a walk...

08/20/2019

Amazing Sky Las Vegas luxury condo back on the market and prices to sell! 40th floor, ugraded engineered wood floors, porcelain tile balcony, whirlpool bath tub, granite counters, and more.

Call 702-540-5471 to schedule a showing.

2700 Las Vegas Blvd S Unit 4003, Las Vegas, NV 89109-1174 is a condo unit listed for-sale at $479,000. The 1,467 sq. ft. condo is a 2 bed, 3.0 bath unit. Find 16 photos of the 2700 Las Vegas Blvd S UNIT 4003 condo on Zillow. View more property details, sales history and Zestimate data on Zillow. MLS...

05/29/2019

Strong growth for Las Vegas Hotels while most of the country remains stagnant. What’s the cause for this? Ma*****na Legalization? Migrating Californians? Major renovations to casinos? What do you think?

Overall net operating income growth is slowing, but some areas of the country are booming.

05/23/2019

Yes Please! Las Vegas is about to be Boring!!!

The Boring Co. secured a $48.7 million contract Wednesday for its first commercial project, an underground "people mover."

05/14/2019

Some high sales in 2018 and 2018 in the hospitality market. The largest sale brought in over half a billion dollars. Follow the link to learn more.

This is a Las Vegas Hospitality Market Report for 2018 and 2019 showcasing the top sales and market analytics.