preconstruction: Main Stages of a Real Estate Bubble - 03/21/09 06:14 PM
I'd like to summarize an interesting article someone just emailed to me. Here's a timeline for the anatomy of the real estate mess we find ourselves in as a nation:
Take Off: 1998-1999 First Sell Off: 2000 Media Attention: 2001-2002 Enthusiasm: 2003 Greed: 2004-2005 Delusion: 2006 Denial: 2007 Fear: 2008 Capitulation: 2009-2010 Despair: 2011-2013 Return to the Mean: 2014 Sounds about right. Backed up by 500 years of economic history, the timeline applies pretty well to the current real estate bubble. In fact, 4 main stages can then be identified:1) The Stealth Phase: With better access to information and a higher … (1 comments)
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preconstruction: ATTN Seasoned Real Estate Developers and Texas Real Estate Land Investors - 03/20/09 04:15 PM
This just came into my office from one of our contacts down in the Dallas Forth Worth area of Texas. It's a 200 acre parcel of land in an amazing location just waiting for the right developer. And it's priced right as well. View the details at www.dfwtexasland.com
Brokers are welcome on this project, so if you are looking for a Land Development Opportunity in the Dallas Forth-Worth area of Texas, then you need to look at this 200 acre parcel situated in close proximity to the Dallas Forth Worth Airport and adjacent to major highways -- A Texas land developer's … (0 comments)
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preconstruction: Everyone's To Blame for Failure of Las Vegas ManhattanWest Condo Project - 03/10/09 03:15 PM
What happens when you let a software engineer develop a high profile Las Vegas condo project? You end up with a non-completed mid-rise eyesore where the developer faces more than $30 million dollars in liens attached to his Las Vegas condo development. Now developer and former computer dot-commer Alex Edelstein says he's looking for investors to help him finish the job. His lien holders, however, say he's no where to be found and won't return phone calls. There's nothing worse than a developer who doesn't know how to develop and that seems to be the case with the ManhattanWest project.But Edelstein … (0 comments)
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preconstruction: Planet Hollywood Towers Offers First Las Vegas High Rise Condo Fractional Ownership Opportunity - 10/07/08 05:09 PM
I knew it was going to happen. I knew it 2 years ago when I bought this website domain. I just didn't know if would take this long.Leave it to Planet Hollywood to partner with Westgate Resorts to offer the first Las Vegas high rise condo opportunity packaged as condo fractional ownership. And folks, believe me - if you've never heard of condo fractional ownership, you most certainly will in the very near future as it's the ONLY way high rise condo purchasers can buy units with the intent on cash flowing.
A high rise condo in Las Vegas positioned as … (0 comments)
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preconstruction: Good News? Boyd Gaming Reaches Agreement to Build on Stalled Echelon Project - 09/26/08 03:57 PM
Boyd gaming has reworked an agreement they made with Morgans Hotel Group which in effect makes it entirely possible we'll see movement with the $4.8 billion dollar development.The deadline to obtain construction financing has now been extended through 2009 and Boyd Gaming will now return a $30 million dollar deposit plus interest. The result is Morgans having sole control over the use of all brands associated with the development.Too bad it's not that easy for your everyday, typical, high rise condo purchasers to have their deposits refunded for the units they now longer wish to close on."Well, you see at the … (0 comments)
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preconstruction: See ya, CityCenter! St. Regis Residences to Open in Las Vegas - Newest High Rise Condo Project To Provide The Ultimate in Luxury - 09/09/08 01:07 PM
When the Las Vegas Sands teams up with Starwood Hotel & Resorts, amazing things happen. Case in point: in a joint venture between the two, the world renowned St. Regis brand is now set to enter the Las Vegas high rise condo marketplace with 398 private luxury residences currently under construction between the Las Vegas Sands' Palazzo and Venetian resorts located right on the famed Las Vegas Strip.This news brings this project to the forefront for all discerning high rise condo buyers searching for the ultimate in luxury, world-class amenities, and high rise life. Suffice to say, the St. Regis name … (0 comments)
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preconstruction: Las Vegas Cosmopolitan High Rise Condo Hotel Buyers Not In Limbo Any Longer - 09/09/08 12:20 PM
Las Vegas has already seen it's share of high rise condo projects that have come and gone. But none have had the staying power of controversy that's been associated with the Cosmopolitan project. One day it's dead. The next day it's back on. The owners change, the financing comes and goes, the rumors persist that someone will step in and build it to completion, then the project's dead again.No question condo unit buyers in this building have every right to feel like they're riding a very expensive roller coaster ride.However, the latest news on this project is actually quite good as … (0 comments)
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preconstruction: "M" Stands for "Movement" with Las Vegas High Rise Condo Hotels - 08/14/08 03:11 PM
Boyd gaming may have pulled the plug on their Echelon project until the economy improves, but not all high rise projects in Las Vegas are taking that same approach. Case in point: Anthony Marnell III's $700 million "M" project is fully funded and heading on schedule towards an early 2009 opening.The 11-story M Resort, located on the South Strip at St. Rose parkway and Las Vegas boulevard, will consist of 390 rooms and suites; 90,000 square feet of gaming; 40,000 square feet of meeting and convention facilities; a wine cellar and tasting room; a top floor lounge; 9 restuarants; and a … (0 comments)
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preconstruction: The Foreclosure Flu Epidemic is Merciless to Celebrities and Regular Folk Alike - 07/23/08 01:38 PM
Thanks to the uncertain nature of the real estate market, your everyday, average person seems to be having a lot more in common with celebrities than you'd imagine - and you can sum it up in one word: Foreclosure.Celebrities after celebrities are making the news lately in a way you might not expect. Andre Agassi, Stephy Graff, Ed McMahan, Deepok Chopra, Pacman Jones ... and the list goes on. Guess what folks? We're all in this mess together. It doesn't matter if you're a Wimbledon Champion or have a direct link to Gods ear - the Foreclosure Flu epidemic is merciless.
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preconstruction: $40K built-in equity, positive cash flow potential, and tax incentives - 07/14/08 12:20 PM
Please register (client code "COSTA") to attend our next buying event, tomorrow TUESDAY, JULY 15th, at 6:00pm PST (9:00pm Eastern) to learn about our latest investment deal GO Zone Project, Brookhaven Homes.
Besides positive cash flow potential, and GO ZONE tax benefits, this deal features over $40,000 walk-in equity in an area ranked as the #1 Projected Economic Growth Market in the Country by Forbes and Moody's AND the #1 Micropolitan area for population growth since 2000 by the US Census. Also, the builder provides the appraisal, closing attorney and contributes $3,770 towards additional buyer closing costs.
It'll be great information so … (0 comments)
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preconstruction: Verge Las Vegas Mid-rise Condo Project Redesign Includes 52 More Units - 07/07/08 10:31 AM
The $135 million dollar Verge mid-rise condo project in downtown Las Vegas just announced their plans to redesign the development, adding 52 more units to it's 318 unit repetoire. If it ever happens...You never know what's happening with Verge. Rumors continue to fly that the project's dead, then it's back to life, then it's experiencing delays, then it's moving forward strong, then there's setbacks in the development process. You almost get the sense the project should get a seat at the World Series of Poker with the way they guard their cards.I'll take them at their word that they wouldn't be … (0 comments)
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preconstruction: Investor Group Succeeds Again in $5.4 Million Dollar REO Package Funding - 06/09/08 05:45 PM
Still don't know where to invest your money these days? Perhaps you should consider applying for membership in BPVWest's REO/preconstruction syndicate investor group. I've been an affiliate of the investor group for the past couple of months now and have seen them do some amazing things already - such as buying bulk REO foreclosures from a major bank for their investors at 25 cents on the dollar. TWICE!Here's a link to the press release announcing the successful funding of their latest REO foreclosure deal. BPVWest provides turnkey type investments, so investors in the syndicate need not worry about all the hassles associated with … (4 comments)
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preconstruction: Investors Purchase 2.5 Million Note Package for 25 Cents on the Dollar - 05/20/08 06:13 PM
Remember my recent post regarding how you can buy REO Bank Foreclosures at significant discounts? The group is now looking for additional investors to take part of their next foreclosure package directly from a major bank - a $5.3 million dollar REO package at 25 cents on the dollar.Read the press release hereAs I indicated in the press release, I'm very excited about this new opportunity, especially in this down period of the real estate market. We've partnered with some great companies and I'm expecting great things - RIGHT NOW! C'mon.. don't just sit there - get involved...
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preconstruction: Going, Going... Eichner's Gone (from the Cosmopolitan High Rise Condo Project in Las Vegas) - 05/16/08 12:34 PM
According to an article written by Jennifer Forsyth and published in the May 9th edition of the Wall Street Journal, Cosmopolitan "developer" Ian Bruce Eicher and representatives of Deutsche Bank were in discussions that were expected to end with Eichner surrendering all involvement with the Las Vegas high rise condo development.As many of you know, this wouldn't be the first time this happened to him - as he was forced to give up his empty tower in New York's Times Square sixteen years ago - and most incredibly, probably won't be the last. But you have to hand it to him … (0 comments)
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preconstruction: Free Advice Regarding Las Vegas High Rise Condo Purchases - 04/25/08 04:58 PM
We live in a litigious society where lawsuits can be found everywhere. If you have the wherewithall to even consider purchasing a high rise condo in Las Vegas or anywhere else for that matter, allow me to suggest you purchase the property in the form of a corporation or LLC. There are tremendous advantages of setting up your purchase in this manner, especially in Las Vegas which is very business-setup friendly with its minimal reporting and disclosure requirements amongst a whole list of great reasons for Nevada LLC formation.I recommend you contact Tax Specialists, Ltd, not just for buying real estate … (1 comments)
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preconstruction: Still No Progress on Verge Downtown Mid Rise Condo Project - But Is That Really Bad News? - 04/16/08 12:55 PM
If you read Tony Illia's latest article published by the Las Vegas Business Press, you'll arrive at the conclusion that it doesn't look good for the Verge mid-rise mixed use project in Downtown Las Vegas. We've been following this condo development closely and with an original breakground date set for summer of 2007 with nothing ever happening, we believe their should be some doubt at this point as to whether this project will ever come to fruition. Their next contractor will be their third, their sales and marketing representative filed for Chapter 11 bankruptcy in 2007, and the City of Las … (1 comments)
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preconstruction: GO Zone Informational Investing Seminar - TONIGHT!!! - 04/02/08 05:44 PM
Here's your last chance to register for tonight's GO Zone informational investing seminar to be held at Ruth's Chris Steakhouse on Paradise from 6:00pm to 9:00pm. We'll have complimentary food and drink and you'll get information on a tax investment strategy that is absolutely second to none!THERE ARE ONLY 3 SEATS REMAININGRealtors, agents and brokers are more than welcome. In fact, you can get paid some killer referral fees on these GO Zone properties. Find out the details yourself and attend this seminar!Follow the link below for more details and registration information:http://www.gozoneprojects.com/gozone/seminar.htmAre you paying taxes this month? Have you paid taxes in the … (0 comments)
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preconstruction: Exclusive Buying Opportunity in the #1 Growth Market of the Country - 03/25/08 07:14 PM
Thursday, March 27TH, 6PM PST (9PM EST)CLICK HERE FOR DEAL OVERVIEW AND CONFERENCE CALL NUMBER: http://maverickinvestorgroup.com/deals/charmont_homesAccess is by Invitation Only. You must use the Discount Code: "COSTA"There is limited space remaining on the conference call and this deal is NOT available to the general public!Get more information on GO Zone investing:http://www.gozoneprojects.com/ … (0 comments)
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preconstruction: "Investing in Las Vegas High Rise Condos Right Now is So Risky" - 03/18/08 12:51 PM
How many times have I heard that one? Or its sister comment: "I'm waiting for the market to bottom out. It's way too risky right now". Perhaps those quotes are true. Maybe it's better to invest in more solid and safe investments than Las Vegas high rise condos... say, perhaps.... Bear Stearns? Bear Stearns was always viewed upon as "as solid an investment you can get". Yet Bear Stearns, once the country's fifth-largest investment bank, agreed Sunday to be sold for just $2 a share, down 93% from its closing price Friday making millionaires out of billionaires and sending smaller-time investors … (0 comments)
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preconstruction: Remember the Failed Hard Rock Las Vegas High Rise Condo Project? Let the Lawsuits Begin! - 03/16/08 06:52 PM
A group of real estate brokers have joined forces to sue former Hard Rock high rise condo developer Peter Morton for cancelling his $1 billion dollar condo project back in 2006. Alleging breach of contract and fraud, Coldwell Banker Premier Realty and two other California brokers are claiming Morton is required to pay millions of dollars worth of commissions for the almost 2000 reservations he claimed to have had when he sold his Hard Rock interests including approximately $800 million in sales reservations. The plaintiffs claim they had between 160 and 170 buyers for the high rise condo project. Let's see... … (1 comments)
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