On average, rental rates for prime Las Vegas properties like the Trump International Hotel & Tower go up, not down.
New York, New York (PRWEB) March 4, 2008
After flipping two properties in Utah and Florida, Trump University graduate and first-time real estate investor, Jason Bosch, turned his sights and money on Donald Trump's Las Vegas, Nevada property Trump International Hotel & Tower.
Realizing a combined $215,000 gain on his first two investments--a duplex in Salt Lake City, Utah and a Florida residential property--Bosch decided to invest in a piece of his role model, Donald Trump, and purchased a condominium at Las Vegas' tallest residential building, Trump International Hotel & Tower.
Taking his biggest roll of the dice yet, Bosch paid $635,000 for the unit, planning to use it as a luxury hotel rental. A five-star hotel, Trump International Hotel & Tower will attract athletes, celebrities, corporate executives and others longing for luxury accommodations who will be willing to rent the condominium for short and long-term visits while in Las Vegas. "The expected rental rates will more than cover the mortgage payment," said Bosch. "On average, rental rates for prime Las Vegas properties like the Trump International Hotel & Tower go up, not down."
Investing in hotel suites is a trend in the United States because of the great cash flows, no concerns about maintenance and reasonable cash requirements as a down payment. "Investing in Trump International Hotel & Tower also made sense because with the city's rapid growth and the increase in construction in Las Vegas, the property's value will appreciate rapidly," said Bosch.
When Bosch decided he wanted to become a real estate investor, he turned to his mentor--Donald Trump--and enrolled with Trump University. "I knew I needed to spend money to make money, but I wasn't sure where to start," said Bosch, who had never been afraid to take chances. "When I heard Mr. Trump offered the Real Estate Investor's Training Program to teach beginning investors, I jumped in. This is Mr. Trump we're talking about. If he says it is good, I don't question it."
Bosch worked closely with his assigned real estate coach who encouraged him to check out-of-state markets for potential investments. Within a few months of beginning the program, Bosch felt confident enough to begin a serious property search, and invest in his first property in Utah.
"Jason had the spirit and risk-taking character that he needed to think and act like a real estate entrepreneur," said Josef Katz, the Vice President of Marketing for Trump University. "Trump University's Real Estate Investor's Training Program gave him the skills and confidence to make wise--and profitable--investment decisions based on knowledge rather than on speculation alone."
Bosch plans to continue building his investment property portfolio as the right opportunities come along. "I have the confidence to succeed because I know I'll be able to take advantage of my Trump University training and the support system they provide me," said Bosch.
About Trump University
An exceptional perspective on building success, a hands-on approach, a world-class faculty and Ivy League quality curriculums are what make Trump University unlike any other online education Institution in the world. Since 2005, Donald Trump's online university has been teaching its thriving community of members everything from real estate investing, to marketing, entrepreneurship skills, business planning, management, wealth creation and many other subject matters that appeal to aspiring entrepreneurs and business professionals. To learn more visit TrumpUniversity.com