invest in las vegas real estate -...
TRANSCRIPT
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Invest in Las Vegas Real Estate
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Presentation Charts Compiled By The Las Vegas Board Of Realtors.
Updates Are Available Upon Request.
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IT IS BACK!
Affordable Housing Built Las Vegas
For 20 Years (1983–2003)
Distressed Properties Are Driving Investments
0 1 2 3 4 5 6 7 8 9
2005 2008 2009
Millions Distressed
Proper6es Home Sales
Sources: New Home Sales – US Census Bureau 2008, Exis<ng Home Sales – NAR 2008 Distressed Property Projec<ons – RealtyTrac 2009
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Slow Steady Growth Projected Affordability Driving Steady Growth
0 1 2 3 4 5 6 7 8
2010 2011 2012 2013 2014
Millions New Home
Sales ExisGng Home Sales
Sources: Based on 300,000 growth projec<ons per year
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Existing Home Sales After Recession Affordability Fuels Growth - Mirroring The 80s & 90s
1975-‐1976 +23.75
1982-‐1983 +35.53%
1990-‐1991 +9.09%
2001-‐2002 +5.53%
0
1
2
3
4
5
6
7
8
1974
1976
1978
1980
1982
1984
1986
1988
1990
1992
1994
1996
1998
2000
2002
2004
2006
2008
Millions
Source: Na<onal Associa<on of Realtors 2008
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Pro-Business & A World-Class City
þ No State Tax – No Corporate Income Tax þ Low Employment Payroll Tax & Workers Comp þ Getaway Global Destination Brand For 30 Million People Each Year þ Great High Desert Weather – 300+ Days of Sunshine þ 1980s Pricing For Labor & Materials For New Homes
þ A World Class City – Las Vegas Economy Is Driven By The Confluence Of Tourism,
Gaming & Conventions, Which In Turn Feed The Retail & Dining Industries
þ Las Vegas Serves As World Headquarters For The World's Two Largest Fortune 500
Gaming Companies: Harrah’s Entertainment & MGM Mirage
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þ Foreclosed Homeowners Will Be Renters For 5 Years – This Will Drive Rental Demand UP
þ New Homes Cannot Be Built For Existing Sales Price Points
þ Investors Are Buying Homes For Better Return On Investment þ Billions of Dollars Coming In Casino/Hotel Development In 5-10 Years
þ Projected Employment Requirements = Over 100,000 New Jobs Next 5 to 7 Years
þ Long Term Potential Is Good – Displaced Homeowners Will Buy Again In 2 To 5 Years – Housing Will Still be Affordable
Las Vegas Real Estate Snapshot 2010
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Market Growth Snapshot 2010
þ Las Vegas Is A New Fresh Exciting City – 3000 to 5000 People Relocate To Las Vegas Every Month, Year After Year
þ Statisticians Say This Growth Will Continue Until 2028 When Las Vegas Will Run Out Of Land To Build Homes
þ Over The Next 5 Years, Home Prices Will Increase Steadily þ Demand Will Increase Steadily, Driven by Normal Growth
þ Job Growth Positively Impacts Home Buyers & Renters
þ Short Sales & Foreclosures Are Driving Las Vegas Market & Generating Inventory
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þ Real Estate Sales Up 57.3% & Setting Records For Volume
þ 2010 Median Price $126,000 – Decline of 50.5%
þ Median Price Decline: Increases Investors Return On Investment
þ Bank-Owned Homes Will Trickle Out To Avoid Devaluing Their Assets þ Nevada Is Projected To Grow Approximately 49% By The Year 2028
þ Expanding By Another 1.3M, Next 25 Years’ Growth Is Well Ahead Of What The US Will Experience As A Whole, With A Growth Rate Nationally Of Only 22%
þ Las Vegas & Surrounding Areas Are Projected To Grow From A Base Population
Of 1.9M To 3.0M By The Year 2028.
þ Job Growth will Correlate with Population Growth. Las Vegas Has A Labor Pool For New Businesses Relocating To Las Vegas.
BUT...
Nevada Is In A
Recessionary Cycle.
Like The Rest Of USA –
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Single Family Residential Listings As July 2010
þ High Speed Train Being Built To Run Between California & Las Vegas
þ Mass Transit System That Will Travel To LV Suburbs
þ 80 Acre Production Facility: Zoning Approved: Facility To Be Built By Oakley Glass Company. New “Red Camera” Movie Studio That Will Create Digital Videos
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Future Job-Producing & Tourist-Attracting Ventures
þ City Center: New Technologically-Advanced Slots Are Computer Monitors That Connect To A Main Frame Computer & Can Talk To The Player.
þ Nevada Test Sight: Employing Thousands Now & In The Future
þ Global Hub Will Continue To Attract Tourist Around The World – Las Vegas Is A Meeting-Space City! – City Has a Newly-Built 5,000,000 Square-Foot World Market Center That Will Add 12,000,000 More Square Feet Before It’s Finished.
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Generate Annual Net Return of 8% to 8.8% Equal To Approximately $11,100 Of Net Income
Add $7,500 For Fees Including AcquisiGon,
Closing Costs, CosmeGc Repairs, etc.
Invest $135,000 To $150,000 Per Single
Family Home
Investor Scenario:
SELL HOME IN 5 YEARS At 3.25% AppreciaGon Per Year & Receive $179,244, Which Includes Your Original $135,000 = 32.77% Profit
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Leased Homes January Through June 2010
PRICE CLASS < 2 BEDS 3 BEDS > 4 BEDS TOTAL UNITS
$500 or Less 104 3 1 108
$501 -‐ $800 2056 220 18 2294
$801 -‐ $1,000 1050 1612 158 2820
$1,001 -‐ $1,300 589 3018 933 4540
$1,301 -‐ $1,500 187 623 663 1473
$1,501 -‐ $1,700 82 268 380 730
$1,701 -‐ $2,000 96 174 386 656
$2,001 -‐ $3,500 88 135 386 609
$3,501 -‐ $5,000 10 7 45 62
$5,001 -‐ $8,000 1 5 17 23
$8,001 -‐ $10,000 0 0 2 2
$10,001 or More 0 6 5 11
TOTALS 4263 6071 2994 13238
Median Price 800 1125 1450 1100
Average Price 933 1480 1795 1376
RESIDENTIAL RENTAL UNITS LEASED
* PURCHASE PRICE
$140,000 TO $150,00
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5
2-Story Home Priced At $127,900 With 1715 Square Feet Plus 2 Car Garage Built in 2004
1
2-Story Home Priced At $149,000 With 1840 Square Feet Plus 2 Car Garage Built in 2002
2
2-Story Home Priced At $140,000 With 2005 Square Feet Plus 2 Car Garage Built in 2003
3
2-Story Home Priced At $154,900 With 2038 Square Feet Plus 2 Car Garage Built in 2003
4
2-Story Home Priced At $139,900 With 1896 Square Feet Plus 2 Car Garage Built in 2004
2-Story Home Priced At $144,900 With 1896 Square Feet Plus 2 Car Garage Built in 2004
6
2-Story Home Priced At $145,900 With 1757 Square Feet Plus 2 Car Garage Built in 2004
7
Single-Family Residential Listings As July 2010
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The Next 3 Slides Show A $150,000 Home – In A Good Location Close To Schools & Shopping – That Rents For $1250 A Month
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þ The Appreciation Rate Is Calculated At 3% For Years 2, 3, & 4 And 4% For Year 5
þ The Taxes Are 1% of Sales Price Per Year
þ The Insurance is Approximately $25 Per Month þ The Home Owners Association Dues Are Approximately
$50 Per Month
Facts About Investment Expenses
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Protect Your Investment
Property Management Is The Keystone To Property Value! You’ll Need: þ Strong Relationships With Vendors Who Are Trusted Bonded Partners In
Landscaping, Electrical, Plumbing & Related Services þ Sophisticated Market Analysis Services to Establish Optimal Rental Pricing þ Thorough Tenant Screening & Coordinate Move In Process
þ Prompt Rental Collections & Owner Disbursement Thru ACH
þ An Accounting DepartmentThat Pays All Re-occurring Expenses & Provides Monthly Income & Expenses Statements & Year End Reporting Including 1099’s
þ Ability To Coordinate Property Reconditioning & Pool, Gardening Services
þ A Group That Also Provides Commercial Property Management Services (Preferable)
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Let Me Assist You! I’m just a click away. Whatever your goals – as a qualified professional – I can help you achieve them.
Don’t miss out on the incredible opportunities that exist in this unprecedented market – they won’t last forever.