Another brilliant tour Lauren, I follow other Vegas real estate agents and there videos are not even close to yours its your commentary and ideas and information that does it Five stars Girl 👍
Tower 1 has to be my favorite out of the 3. Hoping Trump tower 2 will finally come to fruition just because we want the hotel to be closer to the strip!
I read online loans for these are different than normal mortgages and not as many banks are willing to finance these. Is it difficult to obtain a loan for these?
@@dkg1964 And if you don't have a tenant for two months, you have a $4230 liability. In a city where people are constantly coming and going and faces many ups and downs, that could be an investment disaster.
Hi, while we as real estate agents can't guarantee or predict ROI, you are correct - the ROI on these is low in that range, unless you are ARBNB and handling all of the bookings yourself and not splitting with a management company. Thanks for watching!
Hi, thanks for watching,. A washer/dryer is only available in the 1 BR . It’s located in the primary bath behind one of the doors I showed - it’s kept locked so only owners can access it, so I couldn’t show it clearly- it’s one unit that does both washing and drying. There is no washer dryer in the studio units, but in Tower 1, there is a room for owners only, with washer dryers you can use.
Another brilliant tour Lauren, I follow other Vegas real estate agents and there videos are not even close to yours its your commentary and ideas and information that does it
Five stars Girl 👍
Very interesting property & investments opportunities. Thank you for sharing ☺️
Lauren is a beauty
Amazing tour Lovely Lauren!
I love the signature at MGM Grand hotel in Las Vegas Nevada
Does the Cosmopolitan have one for sale with balcony and fountain view? Please check if you don’t mind. And then the HOA fees too. Thank you.
Tower 1 has to be my favorite out of the 3. Hoping Trump tower 2 will finally come to fruition just because we want the hotel to be closer to the strip!
I read online loans for these are different than normal mortgages and not as many banks are willing to finance these. Is it difficult to obtain a loan for these?
$2115 HOA per month ruins it
Rents pays for that and more!
@@dkg1964 And if you don't have a tenant for two months, you have a $4230 liability. In a city where people are constantly coming and going and faces many ups and downs, that could be an investment disaster.
$70/day resort fees. Vegas figured the best way to get Resort fees off the strip too, just call it HOA.
@Raymond Garcia you wouod probably avg $2500 monthly year-round on rental net profit minus HOA and property tax and 3% repairs you would break even
Expect to break even if u rent it. U may get lucky and takeaway 500 a month
You mentioned using it as a secondary home, but was wondering if there is any restriction as to using it as your primary home?
You absolutely can use it as your primary home- no restrictions.
Hi with the high HOA and taxes, the ROI on avg must be 1-3% correct?
Hi, while we as real estate agents can't guarantee or predict ROI, you are correct - the ROI on these is low in that range, unless you are ARBNB and handling all of the bookings yourself and not splitting with a management company. Thanks for watching!
do people ever use them as their main residence
The one question that I would have about this situation is would you have to pay double the HOA fees if you own both the studio and the one bedroom?
Hi, thanks for watching. Yes, you would need to pay the studio HOA dues and the 1 BR hoa dues.
Can you remodel the unit? Flooring? Kitchen unit etc.
Yes, you can - that is my vision for the property as well.
Washer/Dryer?
Hi, thanks for watching,. A washer/dryer is only available in the 1 BR . It’s located in the primary bath behind one of the doors I showed - it’s kept locked so only owners can access it, so I couldn’t show it clearly- it’s one unit that does both washing and drying. There is no washer dryer in the studio units, but in Tower 1, there is a room for owners only, with washer dryers you can use.