Real Estate News
--> Nevada News
Las Vegas shooter reportedly a real estate investor
Among the survivors of the attack was North Dakota real estate agent Andrew Gudmunson ... where he stayed for a few years, before moving to Nevada for the weather and high-stakes gambling scene. “No affiliation, no religion, no politics.
Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel
It’s been two days since the mass shooting at the country music Route 91 Harvest Festival in Las Vegas — the deadliest in American history to date — and many are trying to piece together the story of Stephen Paddock, the 64-year-old gunman who killed 59 people and wounded 500 others from the 32nd floor of the Mandalay Bay Hotel and CasinoPaddock is reported to have committed suicide before law enforcement arrived, according to the Associated Press.
Among the survivors of the attack was North Dakota real estate agent Andrew Gudmunson, of Century 21 Action Realtors of Minot, who was shot and wounded, but in stable condition.
In the moments after the shooting, only a few details were known about Paddock: he reportedly lived in a luxury retirement community in Mesquite, Nev., had no previous criminal record and had no clear motives for planning such an attack.
“My challenge is, I don’t see any of the classic indicators, so far, that would suggest, “OK, he’s on the road either to suicide or homicide or both,” said former FBI hostage negotiator Clint Van Zandt in an interview with the Associated Press.
On Monday, Paddock’s brother, Eric, tried to process his brother’s actions live on CBS This Morning, and provided a little insight into Stephen’s life before SundayAccording to Eric, his brother had been a hard-working accountant and real estate investor who liked to gamble and take care of his 90-year-old mother who lived in Florida.
How agents dominate with multichannel content marketingWin listings and overwhelm competition by mastering the art of social media, direct mail and email READ MORE
According to multiple reports by ABC News, AP and the Los Angeles Times, Stephen began investing in rental properties in the late 80s, beginning with a small, two-building apartment complex in Hawthorne, a working-class neighborhood in Los Angeles.
From there, Stephen is said to have expanded his investments to Texas, where he owned an apartment complex in the Dallas suburb of Mesquite for almost a decade until he sold it in 2012One former tenant told the Los Angeles Times that Paddock was a stickler for checking his renters’ credit and evicting those who didn’t pay.
After selling his apartment complex, Stephen reportedly moved to Florida, where he stayed for a few years, before moving to Nevada for the weather and high-stakes gambling scene.
“No affiliation, no religion, no politicsHe never cared about any of that stuff,” said Eric in an interview with the Associated Press“He was a guy who had moneyHe went on cruises and gambled.”
“He had substantial wealthHe’d tell me when he’d win,” he added“He’d grouse when he’d lostHe never said he’d lost $4 million or somethingI think he would have told me.”
A former neighbor, Sharon Judy, told the Los Angeles Times that Stephen had shown her a picture of a $20,000 jackpot he’d won and described himself as a “professional gambler by trade.”
The Associated Press reported that Eric said the last text he received from his brother was a picture that showed he’d won $40,000 on a slot machineMoreover, Eric said he wasn’t aware of any substantial gambling debt — something theorists have suggested as what pushed Stephen over the edge.
As of now, investigators are searching Stephen’s belongings, which allegedly include 17 guns and other modifiers that allowed him to make the guns fully automaticInvestigators are also looking for any written motives or plans.
Email Marian McPherson.
Article image credited to Mark Kent/Flickr/CC-by-SA 2.0
6 things buyers love to call out in the final walkthrough
by Cara Ameer | Oct 5
Agent's Facebook post on Vegas shooting stirs controversy
by Marian McPherson | Oct 4
5 home staging hacks that barely cost a thing
by Missy Yost | Oct 5
Alexa, what do Amazon's new Echos mean for real estate?
by Bryson Masse | Oct 4
Zillow testing 3-D tour capture app for iPhone
by Britt Chester | Oct 5
Realtor wounded in Las Vegas mass shooting now stable
Family, friends and real estate office speak highly of North Dakota Century 21 agent Andrew Gudmunson
by Gill South | Oct 2
2 fatal shootings involving real estate pros within one week
An agent and an investor were involved in separate incidents
by Marian McPherson | Dec 13
Former agent Todd Kohlhepp pleads guilty to murder charges
A bill tightening regulations around real estate licensee background checks in South Carolina moves forward
by Marian McPherson | May 31
Back to top
Code of Conduct
Inman Facebook group
Agent War Room
Broker War Room
Trending Nevada News:
Nevada remains No. 1 in foreclosures
Housing Settlement Called 'Just A Beginning'
2 prominent Nevadans to receive Liberty Bell Award
Tight races remain in three battlegrounds: Nevada, North Carolina and Ohio
Source: Trump to endorse Gingrich
Full House Resorts Vs. Nevada Gold For Long Term Investors
Unlv Forecasts Modest Nevada Economic Recovery Through 2014
Nevada Supreme Court ruling upholds nonjudicial foreclosure process
Chris Hunter Joins TMC Financing's Southern Nevada Team
Nevada Real Estate Market Reports No Sales
Lipstick and dynamite
GoldSeek.com Radio: Jim Rogers & Fabian Calvo, and your host Chris Waltzek
Data centers may help unlock the new Nevada economy
Financial Foundations: Funding Commercial Real Estate in Nevada
Nevada Imposes Fiduciary Obligations on Broker-Dealers and Investment Advisers
Institutional Single Family Rental Purchasing Shifts
Just Sold Fully Furnished Midrise Condo Near the Las Vegas Strip with Help from Nevada Desert Realty
Las Vegas mall Cheyenne Commons seized through foreclosure
It’s not a bubble: Local real estate’s rebound is solid, from sought-after neighborhoods to those hit hardest
Residential Real Estate Investors in Nevada Gain New Loan Options