All Forum Posts by: Adam Jaken

@Brent M. Nice! Congrats to you,that's great to hear a fellow investor made some money! 

@Mary K. Here is a great article on job growth and the different path vegas is taking for the future. 

https://www.google.com/amp/www.fool.com/amp/invest...

@Julie Marquez All the new construction is in both, but more in new homes. Why do you ask?

There are no new actual hotels but every thing is in the pipeline and depending on outcome of the election things are going to take place.  

Hi guys and a happy Saturday to you all. 
I think there is a huge opportunity in Las Vegas right now especially with what is set to arise in the horizon. Here is a list of all things I have seen going on in Las Vegas. 
 Las Vegas will have its first major national sports team (NHL). Faraday Future is a new electric car company that is building a huge manufacturing facility, (not putting a lot of emphasis on this because it can possibly flop you know like Fisker). Another huge thing that possibly will happen is Las Vegas will get a stadium built and have their first NFL team. (again not really relying on this either because it has not happened yet but they are in talks). 
There are a few new hotel projects planned on the strip and if those pan out successfully I can see a lot more development in the future. (10 years from now). WYNN announced it will build a man made lake and a new tower by 2020. Genting Resorts is most likely going to build a new resort called Resorts World. 
Downtown LV also seems to have a lot of revitalization even though it has its very slum parts it seems like it is headed in the right direction. 
Nevada will be voting in November to legalize marijuana usage for any one over 21 years of age and looking at Colorado and the HUGE tax/business benefits it has brought to them. If this passes it is a potential opportunity for huge growth. 
One thing that is kind of scaring me is that these huge companies are building apartment buildings and track homes all over the Las Vegas valley. I don't know if this is a good thing or bad thing. I just hope they don't over build like last time and have to much inventory on hand which will end up pushing down prices. (coupled with bad loans) 
Also if interest rates move up (which i think will happen when the new president comes in to office) that will also push down home prices, but in general now is a a great time to buy i think. The price to return aspect is 5-6% in A neighborhoods. 
I would appreciate any feedback on any of the points i have made. (negative or positive) :) 
Thank you all for taking the time to read my post and providing feedback, you guys are awesome! 
Have a great day and god bless!!

Hi guys and a happy Saturday to you all!! I'm writing this to see what you guys think about investing in Las Vegas and if it's a good part of the country to invest in? Would you invest in other parts of the country ? What will happen when the interest rates go up, how will this better prices in Vegas? Thank you guys for your time in really excited to hear back from you guys and start interacting.

Tina Johnson Hi Tina, a huge source of my knowledge comes from reading the Las Vgeas Review Journey. Check them out. (although it might sometimes be a little bias on one side or another) :)

Robert Adams Hi Robert, thank you for your post. What are some negative things that you think will make the housing market struggle in the Las Vegas area? The reason i ask is because i would like to see if it is worth putting more cash in to las vegas now? I would think when interest rates go up home prices will come down significantly. What are your thoughts on that? Thanks Have an awesome Friday!!

Jonathan West Hi those are great points, we just closed on a property in the southwest area right off of Blue Diamond. It's a 2300 home and we paid about $102 a sqft. There is a lot of construction taking place on the Blue Diamond so let's hope the retail space/homes get filled up quick. I have a friend that owns a chain of restaurants and he is looking to possibly get in on the new shopping center development on BD. Things will pan out nicely i think for LV in the future!

David Thompson Hi David that is exactly what i'm looking for. The appreciation is a bonus but not what we are looking for. We are looking for a better monthly ROI but in A neighborhoods across the states but it it seems like 5-6% cash on cash return is what we should expect in A areas.

Andrey Y. That totally makes sense. Your not suppose to calculate the appreciation in your yearly cash on cash return. In any case what are some negative things you think about Las Vegas. How can this market take a down turn in your perspective?