City Center Las Vegas.

[Crosspointe1 0]

The project between the Bellagio and Monte Carlo will start to open in 2009. The are selling condos/ apartments pre construction ranging from 500k to 2 mill+ I was thinking about buying a 500k with a couple of people. I know it will probably be a 1 bed or studio. Does anyone think it will be worth it and do you think it will be re sellable in a couple of years for a decent profit??? Or is Vegas too over priced right now. I don't know much about the project itself but the website looks like it would be a cool place. not really looking to buy it as a place to live, just as an investment/possible rental and a place to crash 5-10x a year. Any opinions on the place or advise would help!!

[quadaces 0]

The project between the Bellagio and Monte Carlo will start to open in 2009. The are selling condos/ apartments pre construction ranging from 500k to 2 mill+ I was thinking about buying a 500k with a couple of people. I know it will probably be a 1 bed or studio. Does anyone think it will be worth it and do you think it will be re sellable in a couple of years for a decent profit??? Or is Vegas too over priced right now. I don't know much about the project itself but the website looks like it would be a cool place. not really looking to buy it as a place to live, just as an investment/possible rental and a place to crash 5-10x a year. Any opinions on the place or advise would help!!

I've heard the vegas market is very saturated right now. That said it is probably still a good investment depending on the location of the property and if you can afford it. If it will just be a rental, I would go with the 1 or 2 Bedroom model cause you will be in competition with the casinos!

[Crosspointe1 0]

I've heard the vegas market is very saturated right now. That said it is probably still a good investment depending on the location of the property and if you can afford it. If it will just be a rental, I would go with the 1 or 2 Bedroom model cause you will be in competition with the casinos!

Possibly just looking to own for maybe a year after construction and flip....if it looks like i'll make money.....and by the way I can't afford it!!! It'll be me, the missus and another couple.......recipe for disaster if you ask me, but they all want to do it.....i'm just in charge of getting info!!

[socalpoker_j 1]

Possibly just looking to own for maybe a year after construction and flip....if it looks like i'll make money.....and by the way I can't afford it!!! It'll be me, the missus and another couple.......recipe for disaster if you ask me, but they all want to do it.....i'm just in charge of getting info!!

You said it my man. This will almost be like a timeshare then, sharing with the other couple.

[rbakken2504 0]

The real estate market out here is really bad right now....prices are low and won't be rising anytime soon, if you wanted to do this as an investment, you'd probably have to hold onto it for quite sometime before being able to sell for a profit, like some people are talking 6-8 years, at which point you still might not make a profit...at least thats what all the guys in real estate that I know are saying.

[quadaces 0]

You are better off buying it as a rental investment rather than to flip it. Without much info its hard to say if it is worth it. 1 thing if you do purchase it make sure you do it as a business ie. a corporation or LLC. If you just have 4 names on the mortgage you are asking for trouble.