Let us negotiate a great deal for you on this excellent property!
Boutique Hotel in Las Vegas
near Summerlin
Listed at: $3,950,000
(reduced from $4.5 million)
59 Rooms
with land for expansion of additional 30 rooms
Built in 1997, Renovated in 2007
Notes:
across from
Canyon Gate Country Club, next to shops, restaurants and major
banking center
Let us represent you as your buyer's agent: Contact us today!
ds@scherf.com
▪
(702) 523-4170
Home prices in Las Vegas have dropped by more than
65%. In today's market existing single-family homes cost only a third
of what the cost of these homes was new just a few years ago.
These homes have approx. 1,400 - 1,900 sq.ft. and
feature 3-4 bedrooms with 2-3 bathrooms. Today, these homes cost
approx. $90,000 to $120,000 compared to the former prices of approx.
$270,000 to $400,000 a few years ago. Currently, Las Vegas
offers the lowest-priced single-family homes in the world!
We're the acquisition experts for REO/foreclosure
single-family homes in Las Vegas putting strong SFR investment
portfolios together for our clients. And we offer full-service
logistics with the complete infrastructure including contractors for
quick and efficient renovations if necessary, leasing and property managers for
the rentals, optimization strategies for securitization and solutions for various exit strategies.
Contact us today!
ds@scherf.com
▪
(702) 523-4170
Next to the extra low purchase prices of these home,
there's also the opportunity to rent out these homes for around
$1,000 to $1,400 per month. So these homes offer an excellent cash flow opportunity.
There's also the potential that the prices for
single-family homes in Las Vegas may double from the current prices
over the next approx. 5-10 years. Reason being for this speculation
is that only minimal construction of new homes took place in Las
Vegas over the past few years. Due to the massive correction
(bust) in home prices over the past few years, as explained
above, home prices are currently at an extremely low level. This
offers the possibility that home price may generate large capital
gains over the next approx. 5-10 years.
Next to a very favorable tax climate in the State of
Nevada (no State income tax, etc.), and while most home
purchases are cash purchases, for qualified parties often there's
also availability of financing these homes which may provide
extended use of existing capital.
Originally Listed at: $95,000 Selling Price (04/2012): $85,500
($54/sq.ft.) (sold in 08/2011 for $251,366 ... foreclosure
auction)
3 BR, 2.5 BA, 2-car garage /
Est. Rehab Cost: $4,500
1598 sq.ft., built in 2005, Area: Las Vegas NW
Est. monthly Rent: $1,100-$1,200 / Annual Yield:
approx. 15%
7452 Vital Ct, Las Vegas NV 89149
Originally Listed at: $102,900 Selling Price (04/2012): $103,600 (sold in 01/2007 for $276,990)
3 BR, 2.5 BA, 2-car garage /
Est. Rehab Cost: $3,000
1422 sq.ft., built in 2007, Area: Las Vegas SW
Est. monthly Rent: $1,100-$1,250 / Annual
Yield: approx. 14%
8725 Brindisi Park Ave, Las Vegas NV 89148
Originally Listed at: $84,800 Selling Price (03/2012): $72,000 (sold in 01/2005 for $208,000)
1-story, 3 BR, 2 BA, 2-car garage / Est. Rehab Cost: $4,500
1075 sq.ft., built in 2001, Area: Las Vegas NW
Est. monthly Rent: $950-$1,050 / Annual Yield:
approx. 15.5%
4825 Morning Splash Ave, Las Vegas NV 89131
Originally Listed at: $102,900 Selling Price (03/2012): $90,000 (sold in 05/2006 for $283,000) / Rehab Cost: $7,000
2-story, 3 BR, 2.5 BA, 2-car garage
1358 sq.ft., built in 2003, Area: Las Vegas SW
Est. monthly Rent: $1,050-$1,150 / Annual Yield:
approx. 13.5%
6050 Ambleshire Ave., Las Vegas NV 89139
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Originally Listed at: $104,000 Selling Price (03/2012): $105,500
(only $60/sq.ft.) (sold in 07/2005 for $300,000) / Rehab Cost: $6,500
2-story, 3 BR+Den, 2.5 BA, 2-car garage
1746 sq.ft., built in 2004, Area: Las Vegas SW
Est. monthly Rent: $1,200-$1,350 / Annual Yield:
approx. 13.5%
6094 Secret Island Dr., Las Vegas NV 89139
Before
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Originally Listed at: $110,000 (only
$59/sq.ft.) Selling Price:
Pending Offer! (est.
Selling Price: $115,000) (sold in 01/2012 for $264,931 ... foreclosure
auction)
3 BR, 3 BA, 2-car garage /
Est. Rehab Cost: $2,500
1878 sq.ft., built in 2008, Area: Las Vegas NW
Est. monthly Rent: $1,300-$1,450 / Annual Yield:
approx. 14%
9377 Brigham Ave., Las Vegas NV 89178
14% - 23% p.a. with Cash Flow and Capital
Appreciation potential
We consider the favorable single-family home situation in Las
Vegas to be a special situation. Fact is, that this current window of
opportunity will not last. Once the home prices begin to increase then the
initial investment will be higher and therefore the potential capital gains will
be lower. According to Morgan Stanley housing analyst Oliver Chang, the home
rental market boasts a total property value of $3 trillion.
Some Articles and Interviews about/by
Investment Experts about the Opportunities in the Single-Family Home Market in
the U.S.:
▪ Interview with Tom Barrack(Founder, Chairman & CEO)
of Colony Capital about the largest asset class in the world, the
$20 trillion U.S. housing market and its opportunities:
http://www.bloomberg.com/video/88655102/
Here are just a few examples of calculations for a general
overview: Note: All examples are based on purchases of single-family homes for a
purchase price of approx. $100,000 each. These calculations are assuming a home
price appreciation of net 50% over an approx. 7-year period. Even a 50% net
home-price appreciation will result in a much lower than average square footage
price as compared to the past 15-20 years. From current levels, home prices will
need to appreciate by at least 200% to reach the former highs of a few years
ago.)
Example #1 ...
approx. 14% p.a. over a 7-year period:
Cash purchase of a single-family home for $100,000
Annual net rental income: approx. $7,800 resulting in approx. 7.8% p.a.
Net capital gain from home-price appreciation: approx. $45,000 resulting in
approx. 6.4% p.a. Total annual Return: approx. 14% p.a.
Example #2 ...
approx. 18% p.a. over a 7-year period:
Purchase via financing of two single-family homes for $100,000 each
Down payment: approx. 50% each house; Annual net rental income: approx. $7,200 resulting in approx. 7.2% p.a.
Net capital gain from home-price appreciation: approx. $76,000 resulting in
approx. 10.8% p.a. Total annual Return: approx. 18% p.a.
Example #3
... approx. 23% p.a. over a 7-year period:
Purchase via financing of three single-family homes for $100,000 each
Down payment: approx. 30% each house; Annual net rental income: approx. $7,200 resulting in approx. 7.2% p.a.
Net capital gain from home-price appreciation: approx. $117,000 resulting in
approx. 16.7% p.a. Total annual Return: approx. 23% p.a.
These homes can be purchased by investor of virtually any
nationality. There are also opportunities to be a passive
investor via professional local real estate groups who handle all the details
and administration of such investments. The property management can also be
conducted directly by the investor or otherwise more conveniently via the local
real estate groups who again handle all the details regarding the various
partner programs.
For investors interested in an approx. 25% p.a. cash flow, we
have a special program which centers around low-income housing properties. And
in this regard too, we have excellent access to such properties and we can put a
very interesting portfolio together. We'll also able to provide the solutions
regarding the logistics to benefit from such properties for many years to come.
Note: The annual return as indicated in the above examples is
only partially available on an annual basis, namely only regarding actual net
rental income. The majority of the indicated annual return will only be
available once the properties have been sold at the end of the investment
period. It's also important to note that potential home-price appreciation is a
pure speculation and cannot be guaranteed, but in the indicated examples are
based on historical data. The speculation and expectation is that home prices will appreciate
accordingly over the next approx. 5-10 years. Potential applicable capital gains
taxes are minimal and may affect the annual rate of return depending on various
components by approx. 0.5%-2% p.a.
Due to the fact that comparatively only a few homes were
constructed in Las Vegas over the past few years (during the peak of the
housing bubble up to 50,000 homes were annually built in Las Vegas while
currently only approx. 3,000 homes are annually constructed), it is our
opinion that we may enter into a housing shortage in Las Vegas over the next few
years. The transaction volume in Las Vegas is already back to almost record
levels of over 59,000 transaction per year (2011).
Because of these components, home-prices may appreciate
automatically due to the economic principle of supply and demand. Rents are also
increasing and are supporting a higher price level. This is an additional
benefit which may further boost the profit potential.
Las Vegas is one of the fastest growing metropolitan areas in
the world. With a population of more than
approx. 2.4 million considering the population of the extended Las Vegas valley
(since 2010, Las Vegas is once again the fastest growing city in the U.S.). Up
to approx. 8,000 new inhabitants move to Las Vegas every month. This scenario
results in a steady demand for rental properties as well as in a demand to
purchase residential real estate. Las Vegas is also the most visited city in the
world with over 40 million visitors a year from all over the world.
Via various risk management strategies, any risk of loss can be
reduced accordingly. One of the greatest advantages are the extremely low
purchase prices for single-family homes. Due to this fact, losses regarding
value are significantly reduced and/or are potentially non-existent (home
prices have hardly dropped any more over the past 12-18 months, but are showing
stabilization). Today, the price per square foot is the same or even lower
than approx. 20 years ago.
The second safety function is the opportunity to rent out these
single-family homes. Rents for single-family homes are very competitive to the
rents of apartments. Often, families with children prefer to live in a house
rather than in an apartment with many limitations, especially if the rents are
virtually comparative.
This means that the risk of loss is
significantly reduced via the low purchase price and due to the potential of
expected price appreciation. In addition the purchase price is supported via the
potential of rental income generating a positive cash flow.
Partner programs are usually very simple arrangements and there
are various combinations available. A popular version to partner is via an index of a
local company which is involved in the buying, selling and renting out of
single-family homes. In this scenario a partner provides to the local real
estate company a variable conditional loan. Due to real estate transactions of
this local company, the index will usually change on a monthly basis.
Another version is for larger investors to establish their own
local real estate group together with a local partner in order to facilitate the
purchase, sale and the renting out of the pertaining properties. In this
arrangement, the investor and/or the group of investors does not need to be
present on location as the local partner executes all transactions. This version
of engagement also provides direct ownership of the purchased homes.
In the U.S., the residential real estate market functions
under strict oversight of government agencies to protect consumers rights and to
facilitate integrity in all residential real estate transactions. This is a very
important aspect for each investor and partner. Through extensive public online
data, transparency is a key component to the integrity of the U.S. residential
real estate market. In addition, independent third-party accounting firms
provide additional safety and transparency for each partner/investor.
Even though the inventory of single-family homes in the lower
price range has been significantly reduced over the last couple of years or so,
there are still a few thousand homes available for purchase. But as mentioned
above, the window of opportunity to get involved at the current low price will
only exist for a certain period of time. Once home prices increase, then the
cost of investment will be higher and the potential capital gains will be
reduced.
Another advantage for e.g. European home buyers and partners is
the still low cost of the U.S. dollar. It is expected that over time the U.S.
dollar will increase vs. the Euro and therefore most likely generate a potential
additional capital due to the strength in the U.S. currency vs. e.g. the Euro.
Interested parties please
include the following information:
(1) Name
(2) Mailing Address (Street, Street Number, Zip Code, City, Country)
(3) Expected available purchase amount (minimum $100,000) or partner
amount (minimum $25,000)
The Beginning
Our interest in real estate began in Vienna (Austria) in the early 1980s. A
meeting with Vienna's most prominent real estate broker, Mr. Waldhof, was our first encounter with the world of
real estate.
Top-notch Research
In the late 80s when the Denver (Colorado) residential real estate market
collapsed, we correctly analyzed it as a great opportunity. Home buyers as well as investors
who bought at the low correction prices back then were greatly reward as their
home values increased significantly over the
next several years. Then, years later, the mile-high city experienced a housing boom. One
aspect of our expertise is top-notch professional research to evaluate markets
correctly.
Expertise in Las
Vegas
While we've been around Las Vegas on and off since 1980, we became permanent
residents of Las Vegas in 1996. Again, numerous opportunities presented
themselves in Las Vegas during the mid 90s.
The price per acre just skyrocketed across the Las Vegas valley from the mid 90s
to the dawn of the new millennium. For the Las Vegas residential real estate market it took a few years
longer to get
going and then finally in 2002 home prices
began to increase sharply, often by approx. 150%-200% within just a few years.
The former Salt Lake
City Opportunity
After the 2002 Olympic games in Salt Lake City, the residential real estate market
in that area collapsed. In 2004, we quickly became involved in the residential
real estate market in the Salt Lake City area and again we hit a home run as home prices
nearly doubled within just a couple of years.
Bargains in Las
Vegas
In early 2012, Las Vegas home prices had reached extreme lows and have since stabilized
and seem to indicate the formation of a new upward trend from the bottom. As mentioned above,
we're at ridiculously low price levels in Las Vegas. Currently, Las Vegas is the
metropolitan area with the lowest-priced single-family homes in the world!
Inventories are shrinking rapidly and it is very likely (if
historical data in such scenarios is an indicator) that existing homes as
well as new homes may see steady increases and even potential price jumps from current price levels.
To us, every Client
is much more than just another Client
Our attitude toward real estate is definitely a bit different from other real estate professionals.
Due to our multi-decade long background as equity and real estate investors, we
look at properties through the eyes of an investor, arranging the best possible
deals. One of our objectives is to be
available to our clients throughout the whole process: from the acquisition,
during the cash-flow period, and until the final exit strategy in years to come. And most certainly we go
the extra mile in a sincere effort to make sure that you have the greatest real
estate and business experience ever. Without exception, every client receives red-carpet
treatment from us, and we've established an excellent reputation with our
clients (domestic and international clients) for over 30+ years. We value your business and
we seek to establish long-term business relationships built on trust, expertise
and our desire for you to prosper and to increase your bottom line to the max. Throughout our life we have been
personally and directly responsible for a combined sales volume of over $350
million.
Dietmar Scherf Realtor®▪ Real Estate Investment Specialist
Here are a couple comments from what
people are saying about us and our services:
"If
there is a real estate
professional you can and should trust it is D.Scherf for
sure !"
(Patricia B.)
"If
you're looking for property in Las Vegas, or for opportunities in the US
realestate
market, this is a great place to start. I've known Dietmar for a very
long time as the go-to guy for getting it done right."
(Michael G.)
Keller Williams Realty
Las Vegas
▪Las Vegas
▪NV
▪
USA
Each office independently owned and operated. All
information provided is deemed reliable but is
not guaranteed and should be
independently verified. Properties subject to prior sale or rental.
