Las Vegas, Nevada

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Las Vegas, Nevada The City of Opportunity

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There is an opportunity to own real estate in the
US right now with very little risk

• Own in a US city destination known worldwide
• Invest in a city with positive economic factors
• Make an investment with little or no risk
• Experience double digit returns over 3-5 years
• Make this city your business/vacation destination
• Own a piece of

Las Vegas!
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Las Vegas will continue to grow! Low
unemployment An expanding skilled labor force An
exceptional tax structure A pro-business
environment A great climate Las Vegas has
been the fastest growing metro area in the
country since 1990! Each month 2.5 million
visitors and 6,000 new residents. Las Vegas
has continued to rank first nationally in
employment growth since 1995. (Arizona State
University Economic Outlook Center) Business
2.0 in April 2007 ranked Las Vegas as the second
fastest growing city in terms of employment (6.9
increase is expected this year).

This is an exciting time for Las Vegas real
estate.
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Las Vegas population and job growth have
surpassed national averages! Current market
conditions are strong, with good job growth. One
in 10 Nevada workers is employed in the
construction industry, two times the national
average. Nevada's population growth will also
continue in 2007-2008. 4 percent growth rate
compared to the U.S. rate of 1 percent.
Nevadas population is projected to grow 114
through 2030. A projected 3 million people will
populate Clark County by 2015. Much of the
population growth is due to in-migration from two
groups young adults and retirees Center for
Business and Economic Research, UNLV

This is an exciting time in Las Vegas real
estate.
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Incredible pent-up demand for housing! Las Vegas
has had 16 consecutive quarters leading the
country in job growth According to Jeremy
Aguero, Applied Analysis 33B is being spent
on development on the Las Vegas Strip 30,000
hotel rooms are being built 7 people are needed
to support each room 12B is being spent on
other Las Vegas construction projects That means
approximately 300,000 workers and their families
need housing!

Where will all of these people live?
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The biggest project ever developed in Las Vegas
is here now Project City Center.
This is the largest privately financed
development in the US! 7 Billion
city-within-a-city 18 Million square feet 60
story resort casino with 4,000 hotel rooms and
suites 2,800 units of luxury condominiums This
project will bring an additional several thousand
multi-millionaires to Las Vegas. How many people
will be needed to support this new wealth? This
one project will bring more than 10,000 jobs to
the city! www.citycenter.com

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Does this sound like a City of opportunity?Just
watch and listen !
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How many homes will be needed in Las Vegas over
the next few years? OVER 350,000 HOMES? MORE?

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Existing inventory is limited Existing
homes 23,800New homes 2,100High
and mid-rise 2,809Apts/conversions
2,700Condominiums 4,000 The average home
sits on the market for 65 days! Larry Murphy,
Salestraq (Compiles and publishes real estate
data for Las Vegas)

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Future inventory is limited Vertical
marketUnits under construction 13,856 90
pre-soldUnits being marketed 8,053 60
pre-sold 40 percent fewer housing permits
(about 20,000 units) will be approved in 2007.
Larry Murphy, Salestraq

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Just like the stock market, timing is everything!

• We have a window of opportunity to take advantage
  of a down
• real estate market.
• Here are the statistics

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Sales of Single Family are down
Sales of Condos Town homes are down
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Home Sales are down in Las Vegas
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Supply of homes in Las Vegas is up
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Basic Economics

• Supply of homes is up
• Demand to purchase homes is down
• BUYERS MARKET

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Then what are all the people that moving to Las
Vegas doing for housing?

• They are renting!! The rental market in Las
  Vegas has
• been very strong and getting stronger, demand is
  up
• and supply will diminish
• Many people now cannot qualify for home loans
• they have to rent!
• Many teachers, nurses and other professional and
  service providers that are moving to Las Vegas
  cannot currently qualify for loans they have to
  rent!
• Many people moving here to work in the gaming and
  hotel industry do not want to purchase they
  rent!

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Rents are increasing in Las Vegas
Rents are increasing in Las Vegas
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Real estate prices will increase over time.
US Real Estate is a precious commodity. Real
estate is better than gold because you can rent
it out. We live in a global economy. US
currency has experienced a downward trend, so it
may cost more to build and replace real estate in
the future.

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We have a small window of time to act.
Builders are selling inventory at below
replacement cost to meet lender demands. The
number of great deals is getting smaller and
smaller everyday as the builders construct less
homes and solid buyers take advantage of the
market conditions.

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Here is the opportunity

• Certain builders will pay high commissions to
  move inventory
• A portion of the commissions are placed into an
  LLC under a managing partner
• That money will cover the negative carry for 3-5
  years
• The LLC pays the negative carry for the property
• Rent increases reduce the amount of carry over
  time, the property appreciates over time
• Property is managed by local management

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Example of 8 unit condo purchase
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Financing Example

• Financing per 8 unit building _at_ 2,000,000.00
• Loan parameters 55 loan to value
• Rate 10.5 11.5
• Term 30 yr. fixed
• Prepay 2-3 year
• Borrower No SS or credit
• Visa or Passport
• Verify funds to close
• Borrower Money to pass Patriot Act review
• Borrower with credit and credit score could
  obtain a lower interest rate.

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When you add it all up .

• Your investment is minimal risk for 3-5 years
• You have established credit lines in the US
• You have established a business in the US
• You own US real estate that is paying for itself
  over 3-5 years
• You have a real estate in a global destination
• You would own real estate in

Las Vegas!!