We are thankful for you!
We wanted to take a moment to thank you all for your continued support and confidence in representing you on all of your real estate transactions. We wish you and your family the BEST Thanksgiving ever! Take time to tell those around you that you love them and how thankful you are to have them in your lives. Enjoy the holiday season and each other! Best Regards, NV Broker/Salesman at The Adams Team at Rothwell Gornt Companies MA & RI Real Estate Broker at Sankey Real Estate 
1126 Purple Martin Ct, Las Vegas NV 89031
MLS# 1580206 Enjoy 2 bedroom, 2 bath, single story, NO HOA, 1,043 sqft of living space, a 2 car garage, all appliances including washer dryer and refrigerator. Show and sell! For more information and showings please contact The Adams Team at Rothwell Gornt Companies today! [email protected] 
Best Regards, NV Broker/Salesman at The Adams Team at Rothwell Gornt Companies MA & RI Real Estate Broker at Sankey Real Estate 
If you follow my blog you have heard me take about our decreasing CAP rates (Cap rate = Net operating income / Sales price of the asset ) over the past several years. CAP rates are about half of what they were just 3 years ago.
Well good news is happening to the Las Vegas real estate market again, rental rates are increasing! This is great news for investors and Las Vegas as a whole. As rental rates increase cash flow and CAP rates will increase as well making our Las Vegas real estate market that much more appealing to investors again. Attracting out of town investors will help further drive buyer demand especially with the buy and hold investors. As buyer demand increases we should see a boost in home values and a slight decrease in available inventory. Here is an article in the Review Journal about the rental rates rising as well: LVRJ Article If you are looking to buy a property we would love to earn your business. Send us your buying criteria here so we can better assist you: BUYER'S FORM If you own a property and need a qualified tenant send us the property address here: RENTAL LISTING FORM If you need to sell your property send us the details here: SELLER'S FORM 
Best Regards, NV Broker/Salesman at The Adams Team at Rothwell Gornt Companies MA & RI Real Estate Broker at Sankey Real Estate 
VERY NICE 2 BEDROOM, 2 FULL BATHROOMS ON THE 2ND FLOOR. LOTS OF POTENTIAL FOR INVESTORS. A MUST SEE! NO SHOWINGS AT THIS TIME. DO NOT DISTURB CURRENT TENANT. WE ARE ACCEPTING OFFERS CONTINGENT ON VIEWING THE PROPERTY WITHIN 48 HRS OF OFFER ACCEPTANCE. TENANT ION PLACE FOR $600 MO ON A MO TO MO LEASE. MLS # 1588154
864 sqft ~ 2 Bedrooms ~ 2 Bathrooms ~ Community Pool ~ HOA $165 mo Covers Insurance, Pool/Common Areas, Water, Sewer, Trash. We are in the process of working with the tenant to get more photos. As soon as we as we have them we will post them as well! 
Best Regards, NV Broker/Salesman at The Adams Team at Rothwell Gornt Companies MA & RI Real Estate Broker at Sankey Real Estate
Congratulations on your new home purchase in Las Vegas! We hope your parent enjoy your new home! It was a pleasure working with you. If we can be of any further assistance please let us know! ~ The Adams Team at Rothwell Gornt Companies.
Best Regards, NV Broker/Salesman at The Adams Team at Rothwell Gornt Companies MA & RI Real Estate Broker at Sankey Real Estate 
I have this deal in escrow currently and will be closing on or before Nov 13th. It will take me about a week to rehab it, put tenant in place (tenant is already lined up), and then relist for $37,000.
1. New sales price will be $37,000. List price will be firm (non-negotiable), priced to sell below comps and Zillows Zestimate of $49k. 2. 6% Co-op if closed on or before Dec 24th 2015 (otherwise 3%) 3. Should have a tenant in place at $600 mo (meeting with tenant later today to solidify) so there should be no vacancies to account for. 4. Unit will be rehabbed and in move in ready condition needing no repairs to account for. 5. It will be a traditional sale that can close quickly with quick responses. 6. Using the 50% rule for expenses will give this unit a 10% CAP rate but this number should actually be much higher since there will be no repairs needed or vacancies (closer to 15% CAP rate). 7. There are only 2 other units for sale in this neighborhood one at $31k which is a short sale and unable to close quickly, it also has $3,200 in liens that must be paid off, because it is a short sale the closing costs will probably be about $1500 more as the lien holder/bank will not pay for the CIC fees or Transfer taxes, and this unit needs to be rehabbed. After calculating for all of that it will cost more than my unit at $37k and will take longer to close and the buyer needs to calculate for vacancies since there is no tenant as well as the needed repairs. The second property in there is listed for $37k same as mine but it needs to be rehabbed and they are asking the buyer to pay the title fees as well as the transfer tax. This will push the purchase price to be higher than my unit and then in addition to that it is vacant so you will need to calculate for vacancies as well are repairs. Long story short my unit is the best deal in this neighborhood and has so many perks it is an investors dream! Should be an easy sale. 
Best Regards, NV Broker/Salesman at The Adams Team at Rothwell Gornt Companies MA & RI Real Estate Broker at Sankey Real Estate November 2015 Las Vegas Real Estate Market Update from The Adams Team at Rothwell Gornt Companies.11/3/2015 
November 2015 Las Vegas Real Estate Market Update
Appreciation
As 2015 winds down we are excited to announce we had another GREAT year for investing in Las Vegas real estate. With the nation appreciating around 5% annually for 2015 Las Vegas is still one of the best places in the country to invest nearly doubling the national annual appreciation rate at 10% annual appreciation for Las Vegas for 2015. Median Home Price, Inventory, and Buyer Demand Our median home price is now $220,000 and inventory has risen slightly since this time last year. More interestingly the sales for this time last year are up compared to this time last year. This means that even with more homes hitting the market, buyer demand has also increased and these buyers are purchasing these properties at a faster rate than last year. Our market at this point is still balanced with inventory and demand. The days of the bidding wars are gone and buyers are now able to get better deals than in recent years. Pricing Listings Correctly If a home is in good condition and priced correctly it will still move quickly. The over priced listings sit on the market until they have enough price reductions to get the asking price down to where it should be. The problem with this type of thinking is that often times buyers see these overpriced homes sit on the market and with price reductions over and over. Buyers begin to think that there is something wrong with the property and that is why no one wants it. They begin to think that if no one else wants it they shouldn't want it either. This is called letting the listing go stale and it is very common in todays market. Once the listing has gone stale the home will often times sell for less than what it would have sold for if it was priced correctly from the beginning. Preparing to Buy or Sell in the Holiday Season??? or Wait until January??? If you are looking to buy, the next few months will present great opportunities while buyer demand softens for the Holiday season. With less competition buyers often times have an advantage and can find motivated sellers that are willing to sell at a discount to get properties off of their books before year end or that need the money for the Holidays. I personally love to buy in the Holiday season and I have done so for the past 3 consecutive years, in fact I just got another new property in escrow on 11/3/2015 for my personal portfolio. If you are looking to sell, the Holidays can also work in your favor if you are patient. Many seller's do not like to show their homes during the Holiday season so often times there is less inventory available for buyers to look at therefore lowering your selling competition. Once the Holidays are over and it is January, many sellers that were holding off until the new year will then place their homes on the market which will in turn increase your selling competition. My advice is list it now and be patient. You may find a buyer that loves your home and is willing to pay your asking price while the competition is low. This does not mean you have to accept low ball offers like the ones I submit around this time of year. Rather, hold firm to your list price (assuming you have it priced correctly) and if it doesn't sell then you will be ready for the new wave of after Holiday buyers in January. The Adams Team at Rothwell Gornt Companies wants to represent you on your next real estate transaction and show you why we are "The hardest working real estate team in Las Vegas!" 
Best Regards, NV Broker/Salesman at The Adams Team at Rothwell Gornt Companies MA & RI Real Estate Broker at Sankey Real Estate
Below are some of the Before and After Photos of our latest rehab project. We still want to add new window coverings and finish home decor but you can get the idea. Now that phase one is pretty much done and the heat has finally cooled off we are going to do phase 2 which is the entire exterior including brand new landscaping front and back, new exterior paint, new exterior light fixtures, and new garage doors. It will look awesome when it is all complete and we get professional photos taken (please excuse the camera phone I used for these temporary photos). We used only high end materials on this home with 13 slabs of marble and leathered quartzite, real hardwood floors, and marble mosaics throughout. There is NO tile in this home other than the glass tiles we used for the kitchen back splash all the flooring you see other than wood is marble. After Phase 2 is complete this home will have over $100k in upgrades and will be available for sale in January 2017.
Formal Living Room Before
We added two new Chandeliers to the formal living and formal dinning rooms, we added new bamboo wood floors, refinished the fireplace all matte black instead of the ugly gold brass, added leathered quartzite slabs to the fire place, added 3 shades of grey custom paint with new white upgraded baseboards, door casings and crown moldings.
Formal Living Room After
We added two new Chandeliers to the formal living and formal dinning rooms, we added new bamboo wood floors, refinished the fireplace all matte black instead of the ugly gold brass, added leathered quartzite slabs to the fire place, added 3 shades of grey custom paint with new white upgraded baseboards, door casings and crown moldings.
Kitchen Before
The kitchen has refinished cabinets with new hardware, new stainless steal appliances including a $10k built in fridge, professional counter top range, with match double oven, microwave, and dishwasher. We had a custom made "end-grain" walnut counter top made for the island (as well a long grain walnut retractable cutting board). We added a new glass backsplash and leather quartzite slabs to the counter tops. We also had a custom sink made out of the same leathered quartzite we used on our counters and fireplaces. We also put in a new garbage disposal, sink faucet, chandelier , and LED lighting to brighten up those awesome counters.
Kitchen After
The kitchen has refinished cabinets with new hardware, new stainless steal appliances including a $10k built in fridge, professional counter top range, with match double oven, microwave, and dishwasher. We had a custom made "end-grain" walnut counter top made for the island (as well a long grain walnut retractable cutting board). We added a new glass backsplash and leather quartzite slabs to the counter tops. We also had a custom sink made out of the same leathered quartzite we used on our counters and fireplaces. We also put in a new garbage disposal, sink faucet, chandelier , and LED lighting to brighten up those awesome counters.
Fireplace, Kitchen, Breakfast Nook Before
We rehabbed the fireplace with new leathered quartzite slabs, custom paint, cleaner clear glass, and got rid of the gold/brass trim.
Fireplace, Kitchen, Breakfast Nook After
We rehabbed the fireplace with new leathered quartzite slabs, custom paint, cleaner clear glass, and got rid of the gold/brass trim.
Kitchen and Island Before
See the Kitchen pic above for details
Kitchen and Island After
See the Kitchen pic above for details
Bar Before
We replaced the wood bar with leathered quartzite, refinished the cabinets to match the kitchen and bathrooms, new under-mount bar sink, new faucet, new LED lighting, baseboards, and crown molding, custom paint, Nest Thermostats, Nest Smoke / CO2 detectors.
Bar After
We replaced the wood bar with leathered quartzite, refinished the cabinets to match the kitchen and bathrooms, new under-mount bar sink, new faucet, new LED lighting, baseboards, and crown molding, custom paint, Nest Thermostats, Nest Smoke / CO2 detectors.
Master Bedroom/Bathroom Fireplace Before
We used 4 slabs of Calcutta Gold Marble in this Master bathroom for the custom built shower, walls, counters, and fireplace. The master bedroom and bathroom both have upgraded crown molding, baseboards, door casings, hardware, built in surround sound, built in custom closets, 3 chandeliers, marble mosaic flooring, new under-mount sinks, new faucets, new toilet, new claw foot tub, we made the shower bigger with a marble bench and marble damn, we added a digital valve and digital interface in the shower with an additional rain head (this means there are no handles in this shower everything is controlled with a digital key pad!!) All lights fixtures were upgraded to LED and the cabinets were refinished.
Master Bedroom/Bathroom Fireplace After
We used 4 slabs of Calcutta Gold Marble in this Master bathroom for the custom built shower, walls, counters, and fireplace. The master bedroom and bathroom both have upgraded crown molding, baseboards, door casings, hardware, built in surround sound, built in custom closets, 3 chandeliers, marble mosaic flooring, new under-mount sinks, new faucets, new toilet, new claw foot tub, we made the shower bigger with a marble bench and marble damn, we added a digital valve and digital interface in the shower with an additional rain head (this means there are no handles in this shower everything is controlled with a digital key pad!!) All lights fixtures were upgraded to LED and the cabinets were refinished.
Best Regards, NV Broker/Salesman at The Adams Team at Rothwell Gornt Companies MA & RI Real Estate Broker at Sankey Real Estate |
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