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Old 04-30-2010, 02:38 PM
 
365 posts, read 424,357 times
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Can any realtors or anyone that knows please explain how these rentals work in say the MGM Signiture or Turnberry...??
I saw a studio priced at $115,000 and am wondering if they can be rented or are rented enough to basically pay for itself...

Thank You in Advance!!
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Old 04-30-2010, 05:56 PM
 
Location: NW Las Vegas - Lone Mountain
15,756 posts, read 38,242,618 times
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Quote:
Originally Posted by strato58 View Post
Can any realtors or anyone that knows please explain how these rentals work in say the MGM Signiture or Turnberry...??
I saw a studio priced at $115,000 and am wondering if they can be rented or are rented enough to basically pay for itself...

Thank You in Advance!!
Different places. Signature is a hotel rental. They appear to pay enough to cover their variable costs but not to pay a return on the money invested. So if you buy one for $115K cash you should have little if any further expenditure.

Turnberry is a straight condo with a high HOA. I would doubt very much that anything in Turnberry can be rented to provide any return on the investment. If you pay cash you would likely get some cash flow but not much.
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Old 04-30-2010, 07:53 PM
 
Location: Nebuchadnezzar
968 posts, read 2,064,456 times
Reputation: 348
Quote:
Originally Posted by strato58 View Post
Can any realtors or anyone that knows please explain how these rentals work in say the MGM Signiture or Turnberry...??
I saw a studio priced at $115,000 and am wondering if they can be rented or are rented enough to basically pay for itself...

Thank You in Advance!!

Our Signature unit has been paying for itself.
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