ok so i am buying a condo in vegas in the.....

Collapse
X
 
  • Time
  • Show
Clear All
new posts
  • p1mpdogg
    Too lazy to set a custom title
    • Nov 2002
    • 16714

    #1

    ok so i am buying a condo in vegas in the.....

    Vdara tower.

    its not built yet. nov '09 it will be ready

    anyone know about this project by the mgm mirage?

    http://www.citycenter.com/default.aspx

    its the tower in the far right grey and white shaped like a crescent

    im hoping this will be a nice investment. anyone have any info on this deal?
    A fast fortune is easy to earn! Just go with a winner!
  • Hotrocket
    Confirmed User
    • May 2004
    • 1327

    #2
    http://www.vegastodayandtomorrow.com/

    That site has quite a bit of info on virtually every project in Vegas

    this page is about City Center
    http://www.vegastodayandtomorrow.com...nter.htm#const

    Comment

    • BlueDesignStudios
      Confirmed User
      • Feb 2003
      • 9492

      #3
      Originally posted by Hotrocket
      http://www.vegastodayandtomorrow.com/

      That site has quite a bit of info on virtually every project in Vegas

      this page is about City Center
      http://www.vegastodayandtomorrow.com...nter.htm#const
      cool site, thanks!

      Blue Design Studios - Adult Design Specialists!
      Email me for a free quote: [email protected]

      Comment

      • SL|M!
        Confirmed User
        • Mar 2003
        • 1480

        #4
        how much?

        Comment

        • p1mpdogg
          Too lazy to set a custom title
          • Nov 2002
          • 16714

          #5
          Originally posted by SL|M!
          how much?
          $671k and the prices are about to go up again. they already have 1/3 of the building sold out soon as they have 50% sold it goes up another 50k.... so before I even close I will have made money.

          gotta love america
          A fast fortune is easy to earn! Just go with a winner!

          Comment

          • p1mpdogg
            Too lazy to set a custom title
            • Nov 2002
            • 16714

            #6
            CVS Stranglehold
            I'm sure I'm not the only one who has noticed this, but it's never been mentioned in any article regarding CityCenter (CC). Every rendering and model shows the CVS Pharmacy site (which is nestled between the Monte Carlo and CC) intact. Although I have not confirmed this, it seems that CVS won't sell to the MGM/Mirage monster. CVS purchased the 0.83 acres in March, 2002 for $4 million. Based on the $20 million per acre that strip property is now worth, this parcel is worth $16.6 million, which would be a nice profit for CVS and a spit-in-the-bucket for MGM MIRAGE. I know MGM wants this piece to fill out the CC project. Sales must be great for CVS to hold on to this coveted site. Maybe MGM MIRAGE will offer CVS a reduced rent, prime location within CC in exchange for the property. Time will tell.
            A fast fortune is easy to earn! Just go with a winner!

            Comment

            • Hotrocket
              Confirmed User
              • May 2004
              • 1327

              #7
              Originally posted by p1mpdogg
              CVS Stranglehold
              I'm sure I'm not the only one who has noticed this, but it's never been mentioned in any article regarding CityCenter (CC). Every rendering and model shows the CVS Pharmacy site (which is nestled between the Monte Carlo and CC) intact. Although I have not confirmed this, it seems that CVS won't sell to the MGM/Mirage monster. CVS purchased the 0.83 acres in March, 2002 for $4 million. Based on the $20 million per acre that strip property is now worth, this parcel is worth $16.6 million, which would be a nice profit for CVS and a spit-in-the-bucket for MGM MIRAGE. I know MGM wants this piece to fill out the CC project. Sales must be great for CVS to hold on to this coveted site. Maybe MGM MIRAGE will offer CVS a reduced rent, prime location within CC in exchange for the property. Time will tell.
              I'm sure sales are fantastic for CVS..its the only pharmacy on that end of the strip..there is a Walgreens down by the Rivera, but those are the only 2 on the strip AFAIK. I think its possible they will incorporate a remodel to blend in with the City Center appearance..but then again, it could be more beneficial to stand out in that massive complex.

              Comment

              • RawAlex
                So Fucking Banned
                • Oct 2003
                • 9465

                #8
                There is only one downside of buying condos in a hot market, which is the potential for a crash, especially when you are talking higher end properties. Not everyone is walking around with enough credit to buy a $700,000 condo.

                Please consult the disaster that the Miami condo market is turning into for more infomation.

                Good luck with it, if you intend to hold it for a while you will make good money, but if you are looking to flip it quick, be real careful.

                Comment

                • p1mpdogg
                  Too lazy to set a custom title
                  • Nov 2002
                  • 16714

                  #9
                  Originally posted by RawAlex
                  There is only one downside of buying condos in a hot market, which is the potential for a crash, especially when you are talking higher end properties. Not everyone is walking around with enough credit to buy a $700,000 condo.

                  Please consult the disaster that the Miami condo market is turning into for more infomation.

                  Good luck with it, if you intend to hold it for a while you will make good money, but if you are looking to flip it quick, be real careful.
                  vegas cant be compared to any other market, the strip specifically. I think its a very safe investment, there are investment groups all over the world getting in on this buying it up, with all the analysts etc checking this projct out, its gotta be a strong deal for sure. atleast thats my opinion, plus I do plan to hold onto it, its a great vacation place and a way to pay for itself in the mean time while I am not there since you can rent these out nightly to vacationers or ppl attendding conventions.

                  when the conventions are in town, there is virtually no hotel rooms avail, so it only strenghens my purchase
                  A fast fortune is easy to earn! Just go with a winner!

                  Comment

                  • psili
                    Confirmed User
                    • Apr 2003
                    • 5526

                    #10
                    As a nobody, I'm curious:

                    - You're buying stuff.
                    - You have a lot of money.
                    - You = something

                    Why do you post? You're rich with no life? You a "proxy" for someone else paying you as a figure head or are you just bored?
                    Your post count means nothing.

                    Comment

                    • p1mpdogg
                      Too lazy to set a custom title
                      • Nov 2002
                      • 16714

                      #11
                      Originally posted by psili
                      As a nobody, I'm curious:

                      - You're buying stuff.
                      - You have a lot of money.
                      - You = something

                      Why do you post? You're rich with no life? You a "proxy" for someone else paying you as a figure head or are you just bored?
                      I have no life and I am addicted to making money.
                      what else should I be doign right now?

                      traveling? you can only travel so much.

                      partying? I can do that at my house safely

                      hookers? i'm married

                      making deals and more money? yep, thats what i do and post in betwen and when im bored.

                      im a nobody just like you, im just richer
                      A fast fortune is easy to earn! Just go with a winner!

                      Comment

                      • psili
                        Confirmed User
                        • Apr 2003
                        • 5526

                        #12
                        Originally posted by p1mpdogg
                        I have no life and I am addicted to making money.
                        what else should I be doign right now?

                        traveling? you can only travel so much.

                        partying? I can do that at my house safely

                        hookers? i'm married

                        making deals and more money? yep, thats what i do and post in betwen and when im bored.

                        im a nobody just like you, im just richer
                        Nice man.
                        Thanks for the reply. I appreciate it.
                        Your post count means nothing.

                        Comment

                        • SL|M!
                          Confirmed User
                          • Mar 2003
                          • 1480

                          #13
                          how many sq feet? bedrooms?

                          Comment

                          • MandyBlake
                            The one and only!
                            • Nov 2002
                            • 17761

                            #14
                            very cool. good luck with it!
                            Mandy's Playhouse
                            Her First Fat Girl
                            If you're interested in promoting my sites, ICQ me! 178411921

                            Comment

                            • lazycash
                              Troll Patrol
                              • Aug 2002
                              • 15214

                              #15
                              Originally posted by RawAlex
                              There is only one downside of buying condos in a hot market, which is the potential for a crash, especially when you are talking higher end properties. Not everyone is walking around with enough credit to buy a $700,000 condo.

                              Please consult the disaster that the Miami condo market is turning into for more infomation.

                              Good luck with it, if you intend to hold it for a while you will make good money, but if you are looking to flip it quick, be real careful.
                              Actually, the Vegas condo market as well as the entire local housing market is in a major slump right now. I just sold my investment condo at the very south end of the strip. The build time ran way long and that extra time it took the build it cost me as the market is really slow right now. I still got a return on my investment, but nowhere near what I could of got had I been able to sell it a year ago.

                              I will say though, the investment PD is talking about most likely will not follow the normal local real estate trends as it is right in the heart of the strip and caters to the high end clientele. PD, just don't let the builder sell it for you when its done and you want to sell, they will rape you on commissions. Find a local agent and work a deal.
                              "WTF, on google you can find the answer to every question in human history, EXCEPT how to convert cams..

                              Its crazy..."

                              VenusBlogger

                              Comment

                              • p1mpdogg
                                Too lazy to set a custom title
                                • Nov 2002
                                • 16714

                                #16
                                Originally posted by SL|M!
                                how many sq feet? bedrooms?
                                mine is 612sq ft

                                they start at like 524 sq ft upto 1kish

                                studio 1 bed and 2 bed
                                A fast fortune is easy to earn! Just go with a winner!

                                Comment

                                • p1mpdogg
                                  Too lazy to set a custom title
                                  • Nov 2002
                                  • 16714

                                  #17
                                  Originally posted by lazycash
                                  Actually, the Vegas condo market as well as the entire local housing market is in a major slump right now. I just sold my investment condo at the very south end of the strip. The build time ran way long and that extra time it took the build it cost me as the market is really slow right now. I still got a return on my investment, but nowhere near what I could of got had I been able to sell it a year ago.

                                  I will say though, the investment PD is talking about most likely will not follow the normal local real estate trends as it is right in the heart of the strip and caters to the high end clientele. PD, just don't let the builder sell it for you when its done and you want to sell, they will rape you on commissions. Find a local agent and work a deal.
                                  these are selling like hot cakes.. the entire project is 1/3 sold already... i dont see it hitting any slump at all... and I dont want to sell it, ive always wanted a place in vegas anmd to be able to rent it out nightly ontop of that makes it that much more attractive
                                  A fast fortune is easy to earn! Just go with a winner!

                                  Comment

                                  • lazycash
                                    Troll Patrol
                                    • Aug 2002
                                    • 15214

                                    #18
                                    Originally posted by p1mpdogg
                                    these are selling like hot cakes.. the entire project is 1/3 sold already... i dont see it hitting any slump at all... and I dont want to sell it, ive always wanted a place in vegas anmd to be able to rent it out nightly ontop of that makes it that much more attractive
                                    Yeah as I said, I would guess that the development that you are talking about won't follow the normal Vegas real estate trends. However, do some research and you'll find that the real estate market there is in a major slump, more so than almost anywhere else. If you're not buying it with the notion of flipping it then you really don't have anything to worry about assuming you are able to rent it out as you'd like.
                                    "WTF, on google you can find the answer to every question in human history, EXCEPT how to convert cams..

                                    Its crazy..."

                                    VenusBlogger

                                    Comment

                                    • kristin
                                      GOO!
                                      • Sep 2002
                                      • 9768

                                      #19
                                      Originally posted by lazycash
                                      Yeah as I said, I would guess that the development that you are talking about won't follow the normal Vegas real estate trends. However, do some research and you'll find that the real estate market there is in a major slump, more so than almost anywhere else. If you're not buying it with the notion of flipping it then you really don't have anything to worry about assuming you are able to rent it out as you'd like.
                                      Yeah I wasn't really wanting to bust anyone's bubble, but Vegas and condos haven't had the best track record for the last few years.

                                      Many condos were stopped from even breaking ground because no one way buying. There were some bad deals with others, some never sold out ...
                                      Vacares rules.

                                      "Usually only fat guys have the kind of knowledge and ability that Kristin has."

                                      Comment

                                      • zand_stein
                                        Confirmed User
                                        • Jul 2007
                                        • 1438

                                        #20
                                        Good luck with you new condo at vegas.......

                                        Paying Affiliates DAILY by ePassporte!

                                        Comment

                                        • Sebastian Sands
                                          Confirmed User
                                          • Mar 2005
                                          • 5223

                                          #21
                                          I see them building it and it's unreal, I don't go near the strip often but every few weeks when I pass by it that thing is growing like a mofo.
                                          They are literally building 24/7 on it. You can pass by it at 4 am on a Saturday and they are building.

                                          A friend of mine has been waiting on his forever he got one in LOFT5 and they keep delaying with it.

                                          As far as pimpeldog, Vegas will just have one more asshole, better be careful for many dickheads liek you this town can be a death trap.

                                          Sebastian

                                          Comment

                                          • p1mpdogg
                                            Too lazy to set a custom title
                                            • Nov 2002
                                            • 16714

                                            #22
                                            Originally posted by Sebastian Sands
                                            I see them building it and it's unreal, I don't go near the strip often but every few weeks when I pass by it that thing is growing like a mofo.
                                            They are literally building 24/7 on it. You can pass by it at 4 am on a Saturday and they are building.

                                            A friend of mine has been waiting on his forever he got one in LOFT5 and they keep delaying with it.

                                            As far as pimpeldog, Vegas will just have one more asshole, better be careful for many dickheads liek you this town can be a death trap.

                                            Sebastian
                                            haha
                                            you dumb fat cow you dont even know me in person but its not like i would give you the time of day anyways
                                            A fast fortune is easy to earn! Just go with a winner!

                                            Comment

                                            • Sebastian Sands
                                              Confirmed User
                                              • Mar 2005
                                              • 5223

                                              #23
                                              Originally posted by p1mpdogg
                                              haha
                                              you dumb fat cow you dont even know me in person but its not like i would give you the time of day anyways
                                              LMAO.. I am probably skinnier then you, but then again all you can really do is scream out physical descriptive characters. But it's good for you man, glad that it all paid of for you and that you could afford a condo that is smaller then my garage. Jerking off in front of the cam sure has paid off for you. Enjoy it for as long as it lasts.

                                              Comment

                                              • p1mpdogg
                                                Too lazy to set a custom title
                                                • Nov 2002
                                                • 16714

                                                #24
                                                Originally posted by Sebastian Sands
                                                LMAO.. I am probably skinnier then you, but then again all you can really do is scream out physical descriptive characters. But it's good for you man, glad that it all paid of for you and that you could afford a condo that is smaller then my garage. Jerking off in front of the cam sure has paid off for you. Enjoy it for as long as it lasts.
                                                are you jealous of me becuase I made a big success out of my life from nothing?

                                                envy is a deadly sin....
                                                A fast fortune is easy to earn! Just go with a winner!

                                                Comment

                                                • MBS Auto
                                                  Confirmed User
                                                  • Oct 2004
                                                  • 1725

                                                  #25
                                                  Are you crazy!!!! it is a horrible time to purchase anything specially in Vegas! Hang on another 18 months or so
                                                  Shoes and Boot

                                                  Comment

                                                  • Sebastian Sands
                                                    Confirmed User
                                                    • Mar 2005
                                                    • 5223

                                                    #26
                                                    Originally posted by p1mpdogg
                                                    are you jealous of me becuase I made a big success out of my life from nothing?

                                                    envy is a deadly sin....
                                                    Obviously you have no clue.. Keep snorting the white powder.

                                                    Comment

                                                    • Kevsh
                                                      Confirmed User
                                                      • Dec 2004
                                                      • 8619

                                                      #27
                                                      Wait, you've bought and are asking now for advice?
                                                      I couldn't tell from your first couple of posts (before the usual drama set in..) ;)

                                                      Comment

                                                      • p1mpdogg
                                                        Too lazy to set a custom title
                                                        • Nov 2002
                                                        • 16714

                                                        #28
                                                        Originally posted by Kevsh
                                                        Wait, you've bought and are asking now for advice?
                                                        I couldn't tell from your first couple of posts (before the usual drama set in..) ;)
                                                        I have not signed anything yet or put money down however the contract is in the mail to me
                                                        A fast fortune is easy to earn! Just go with a winner!

                                                        Comment

                                                        • p1mpdogg
                                                          Too lazy to set a custom title
                                                          • Nov 2002
                                                          • 16714

                                                          #29
                                                          Originally posted by Sebastian Sands
                                                          Obviously you have no clue.. Keep snorting the white powder.
                                                          I will never understand why so many people spend more time worrying about others rather than themselves
                                                          A fast fortune is easy to earn! Just go with a winner!

                                                          Comment

                                                          • xxxdesign-net
                                                            My hips don't lie
                                                            • Nov 2002
                                                            • 10129

                                                            #30
                                                            isnt the market about to go down?

                                                            Comment

                                                            • p1mpdogg
                                                              Too lazy to set a custom title
                                                              • Nov 2002
                                                              • 16714

                                                              #31
                                                              Originally posted by xxxdesign-net
                                                              isnt the market about to go down?
                                                              did you even read the thread or atleast a couple of relevant posts?

                                                              this isnt anyway related to the typical 'market'

                                                              especially when you are buying into a property that is currently 1/3 sold and not even built yet also after 2 price increases on the units and another one expected shortly when more are sold to justify the increase.

                                                              GFY sure has allot of realtors and lawyers and police and hardly any adult webmasters. kinda funny
                                                              A fast fortune is easy to earn! Just go with a winner!

                                                              Comment

                                                              • zeruel
                                                                Confirmed User
                                                                • Apr 2007
                                                                • 1387

                                                                #32
                                                                wow... that's a very nice condo... :D a very good investment indeed...

                                                                Comment

                                                                • Nathan
                                                                  Confirmed User
                                                                  • Jul 2003
                                                                  • 3108

                                                                  #33
                                                                  Originally posted by p1mpdogg
                                                                  these are selling like hot cakes.. the entire project is 1/3 sold already... i dont see it hitting any slump at all... and I dont want to sell it, ive always wanted a place in vegas anmd to be able to rent it out nightly ontop of that makes it that much more attractive
                                                                  They will manage the renting out nightly for you, right? Any idea how much you make per night on that? I'm sure they keep a big %age no?

                                                                  Curious
                                                                  "Think about it a little more and you'll agree with me, because you're smart and I'm right."
                                                                  - Charlie Munger

                                                                  Comment

                                                                  • TheDoc
                                                                    Too lazy to set a custom title
                                                                    • Jul 2001
                                                                    • 13827

                                                                    #34
                                                                    Hey pimp, watch that Vegas shit.. People have been suing over issues with condos, not being completed, prices being jacked, all types of shit. Make sure you have a good lawyer with you at all times, that isn't from Vegas, while you do business within Vegas. It's a shark hole.
                                                                    ~TheDoc - ICQ7765825
                                                                    It's all disambiguation

                                                                    Comment

                                                                    • makefuckingmoney
                                                                      Confirmed User
                                                                      • Oct 2003
                                                                      • 3277

                                                                      #35
                                                                      i live in vegas.. i wouldnt touch the condo market here for all the rice in china.

                                                                      also, i think with that project you have to keep putting 10 percent down every x amount of months? and the project is 2 plus years away from completion?

                                                                      although i wold rate the city center probably the 3rd best new condo property in vegas..

                                                                      i would rahter buy at 1. trump towers and 2. the palms

                                                                      also, directly across from the cvs is a walgreens..its right next to the fatburger and the m&m world.

                                                                      there are so many condo projects still coming to vegas, its nuts. there is no business here to support that many people living in hi rise condos so they are basically going to just be short term rentals. also wynn has what another 3500 rooms adding to its hotel? and so does the venetian? plus the additional rooms in the rest of the city enter and how are they set to handle the traffic there?

                                                                      i dont think its any wise investment..unless you are rolling with zillions..

                                                                      Comment

                                                                      • p1mpdogg
                                                                        Too lazy to set a custom title
                                                                        • Nov 2002
                                                                        • 16714

                                                                        #36
                                                                        Originally posted by makefuckingmoney
                                                                        i live in vegas.. i wouldnt touch the condo market here for all the rice in china.

                                                                        also, i think with that project you have to keep putting 10 percent down every x amount of months? and the project is 2 plus years away from completion?

                                                                        although i wold rate the city center probably the 3rd best new condo property in vegas..

                                                                        i would rahter buy at 1. trump towers and 2. the palms

                                                                        also, directly across from the cvs is a walgreens..its right next to the fatburger and the m&m world.

                                                                        there are so many condo projects still coming to vegas, its nuts. there is no business here to support that many people living in hi rise condos so they are basically going to just be short term rentals. also wynn has what another 3500 rooms adding to its hotel? and so does the venetian? plus the additional rooms in the rest of the city enter and how are they set to handle the traffic there?

                                                                        i dont think its any wise investment..unless you are rolling with zillions..
                                                                        out of all the posts, I think you have made the most uninformed post yet.

                                                                        1st of all, you put 10% down now and 10% down in 6 months and at closing the rest.

                                                                        2nd of all, it will have its own casino and 500k sq ft of confrence center space and over 500 new stores like prada, gucci, luis vitton etc etc, all top of the line stuff

                                                                        also, the mgm mirage owns 64% of the strip, why would they be sinking in billions into this project? tax write off? some of the biggest investment groups are getting in on this project.

                                                                        sorry, but your post is just ignorant. stick to porn guy, cause you arent that great at research and invisioning the future and the growth vegas is seeing regardless of the housing market. there is a reason why all the LEGIT condo projects have already old out or are nearly all pre sold.

                                                                        just cause you live there doesnt make you an expert.


                                                                        The Doc, good advice for sure, im not signing shit till its reviewed by my homie Venkat (lawyer in seattle)

                                                                        and what in the fuck does cvs and walgreens have todo with my condo purchase?

                                                                        LOL
                                                                        Last edited by p1mpdogg; 07-29-2007, 08:16 AM.
                                                                        A fast fortune is easy to earn! Just go with a winner!

                                                                        Comment

                                                                        • TeenSluts
                                                                          Confirmed User
                                                                          • Mar 2006
                                                                          • 1966

                                                                          #37
                                                                          pimpdog4LIFE

                                                                          Comment

                                                                          • makefuckingmoney
                                                                            Confirmed User
                                                                            • Oct 2003
                                                                            • 3277

                                                                            #38
                                                                            Originally posted by p1mpdogg
                                                                            out of all the posts, I think you have made the most uninformed post yet.

                                                                            1st of all, you put 10% down now and 10% down in 6 months and at closing the rest.

                                                                            2nd of all, it will have its own casino and 500k sq ft of confrence center space and over 500 new stores like prada, gucci, luis vitton etc etc, all top of the line stuff

                                                                            also, the mgm mirage owns 64% of the strip, why would they be sinking in billions into this project? tax write off? some of the biggest investment groups are getting in on this project.

                                                                            sorry, but your post is just ignorant. stick to porn guy, cause you arent that great at research and invisioning the future and the growth vegas is seeing regardless of the housing market. there is a reason why all the LEGIT condo projects have already old out or are nearly all pre sold.

                                                                            just cause you live there doesnt make you an expert.


                                                                            The Doc, good advice for sure, im not signing shit till its reviewed by my homie Venkat (lawyer in seattle)

                                                                            and what in the fuck does cvs and walgreens have todo with my condo purchase?

                                                                            LOL
                                                                            i dont think putting 20% into a 700k property and waiting 2 and a half years for it to close is a good investment. thats a long time. to me, owning one of those condos is a luxury item, not really an investment.

                                                                            To me it seems too risky. but best of luck with it.

                                                                            the cvs thing was mentioned that it was the only type of pharmacy thing down in that area thats why i mentioned it wasnt.

                                                                            Comment

                                                                            • Sen
                                                                              Confirmed User
                                                                              • May 2004
                                                                              • 347

                                                                              #39
                                                                              ahhh buying in las vegas is nice if u want to live their. If u want to make money buy in china and eastern europe. I maked good money in china alreayd bought a condo 4 years ago for 60k now its up to 400k good money.
                                                                              ICQ: 48518296

                                                                              Comment

                                                                              Working...