Investing in a hotel room from any of Las Vega’s famous high-rises is one of the best decisions you can make. If you intend to have a steady flow of income from your savings or from your pensions which is tax-free, investing in a Las Vegas Luxury condo can give you the income you never thought possible.
Investing in a hotel room can give you an average gross yield of more or less 8%. If you will consider the 4% shared dividends, 1% of cash deposit accounts, and less than 1% in 10-year gilts, and you will get an idea of how much income you can earn. This means that luxury condo investment is an excellent way for your savings, money in premium bonds and pension lump sum to get a higher yield.
Here are some of the benefits of investing in a hotel:
1. You don’t need a lot of cash. Think of it like you are buying the property and receive an income from tenants or guests. The cash that you needed initially can be replenished by the payment from the rent.
- 2. You don’t need to have a mortgage. Since the initial cost is low, there is no need for you to get a mortgage. You can pay through your cash savings or from the lump sum of your pension. Without a mortgage requirement, it means that you have more freedom to decide on what to do with your investment. You will not depend on the bank’s valuation of your investment property.
- 3. Unlike any other forms of investment, investing in a hotel room is not complicated at all. The processes of acquiring a hotel room as a property involves fast and simple procedures. You pay for the room, you receive a certificate from the land registry, and you start looking for someone to rent it. The transaction does not involve complicated tax deductions and no hidden charges. Everything is straightforward, clear and simple.
- 4. You don’t need to wait for your investment to mature before you can see the income. You don’t need to cross your fingers hoping for a higher dividend announcement. If you buy a hotel room this month, you can start earning next month.
Other benefits of investing in a hotel are the comfort and the lifestyle it provides. If you own a hotel room, you are also privileged to use the amenities of the hotel such as the swimming pool, fitness gym, clubhouse, a golf course and other recreational facilities your hotel have. Your investment is properly guarded and secured 24/7. Since there are people who maintain the cleanliness of the hotel, you are guaranteed that your surroundings are always clean and pretty.