03-14-2009, 10:35 AM
9 posts, read
21,627 times
Reputation: 13
thinking of buying a condo near the strip
for investment purposes... 230 East Flamingo, 2 blocks to the strip...
03-14-2009, 12:14 PM
2,498 posts, read
4,687,739 times
Reputation: 770
Honestly, I'd say that if you want an investment property, you'd be better off getting a small house in a residential area.
03-14-2009, 12:20 PM
Location: NW Las Vegas - Lone Mountain
15,761 posts, read
19,044,337 times
Reputation: 2661
Quote:
Originally Posted by
pattij62
for investment purposes... 230 East Flamingo, 2 blocks to the strip...
Snake Pit.
See
ReviewJournal.com - News - LEASE-BACK DEALS: Condominium owners file lawsuit
Actually a reasonably nice complex...but tied up to the gazoo in problems. Underneath it all is a condo conversation of a middle aged apartment complex.
How it will turn out in the end is not knowable. So it could turn out anything from wonderful to a disaster. More complicated than many is there is apparently separate ownership of the common area and such.
I would consider it a speculation...not an investment.
You might well however get positive cash flow on your speculation...a rare occurrence in Las Vegas.
03-14-2009, 12:36 PM
845 posts, read
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Reputation: 464
Sounds vaguely familiar to the Cay Club...
Please register City-data.com
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