Last week I had put out a marketing letter to various Hollywood Celebrities and Executives that IF they were going to attend the CinemaCon gathering in Las Vegas, that they should at least take some time to review some very well priced Las Vegas Commercial Real Estate (CRE) that in the long run should help them make a higher than currently normal (+/-9%) Return On Investment (ROI).
Unfortunately, not a single Celeb! or Hollywood Exec took me up on my offer.
Now, that's NOT unheard of -- I mean a Celeb! or Exec ignoring an unsolicited offer. C'mon! That's normal.
But, what is startling is that these very same Celebs! and Exec's are ignoring the single fact that the future income potential of these select few properties, that I know of, possess great future monthly income power than their next film or TV deal. AND, once these properties have been acquired, they will be OFF the Market to the wiser investor and be gone. My gut says that these Celebs! and Exec's are either paying way too much attention OR not enough attention to the national media?
I say this because the following article, published last week by the AP, indicates that foreclosures are down in Las Vegas. This is a strong indicator that buying in Las Vegas NOW! means deals! And it indicates we are at; OR, we are very near the bottom as to where CRE property values are headed.
"Las Vegas’ 1st quarter foreclosure rate 8th in nation
Data released Thursday by RealtyTrac shows one in every 82 Las Vegas-area housing units saw a foreclosure filing during the first three months of 2012. That's down about 61 percent compared with the same period in 2011.
Foreclosures in Nevada have been declining since a state law took effect in October, requiring lenders to file more paperwork to foreclose. In March, the state ended a 62-month streak as the foreclosure capital of the country.
The report shows Las Vegas' foreclosure rate trails seven California metro areas. The central valley cities of Stockton and Modesto top the list."
So, I can only assume that these high publicized Celebs and over paid Exec's are either ignorant to the facts as to what is truly happening in the Las Vegas CRE market; OR, they are getting really bad advice from their financial managers/planners -- who in turn are ignorant to these facts.
Oh, well. It is their loss of the potential 9% or higher Cap Rate ROI; or, the loss of the potential rebound equity a buy and flip would provide once the market has stabilized.
And, even though Celebs! want to be just like John Wayne; or, even Bob Hope with their Hollywood careers, NONE have a clue as to how they really acted OFF camera.
You see, these two Hollywood ICONS -- when they were away from the camera -- built Real Estate Empires that continuously grew throughout their long careers.
John Wayne was such a driving force in the development of Orange County, CA, why do you think they named their airport: John Wayne Airport? And, Bob Hope was instrumental in developing Toluca Lake, CA.
It's a bitter pill to swallow. But, today's Celebs! and Exec's are too wrapped up in trying to become famous. They just do NOT understand that true wealth and fame is earned through real estate. Sure. Celebs! will make money Acting. And Hollywood Exec's will make money on Film & TV deals. But, making money monthly through acting and dealing alone will not last as long as a net leased real estate acquisition will.
Through their careers, one day these Celebs! and Execs will realized they missed the greatest opportunity that is happening RIGHT NOW! The truth always prevails!
And when you consider that 2/3's of ALL Billionaires have made their billions through Real Estate, the Celebs! and Execs dreams of stardom will fade quicker than they realize and that Hollywood income will fade rapidly.
However, IF they acquire one or two Net Leased Investments, this monthly income should continue to meet their income needs sufficiently long into the future.
For Information about Las Vegas Commercial Real Estate Investment Property, contact David Howes at: david@davidhowes.net OR 702-501-9388!
Unfortunately, not a single Celeb! or Hollywood Exec took me up on my offer.
Now, that's NOT unheard of -- I mean a Celeb! or Exec ignoring an unsolicited offer. C'mon! That's normal.
But, what is startling is that these very same Celebs! and Exec's are ignoring the single fact that the future income potential of these select few properties, that I know of, possess great future monthly income power than their next film or TV deal. AND, once these properties have been acquired, they will be OFF the Market to the wiser investor and be gone. My gut says that these Celebs! and Exec's are either paying way too much attention OR not enough attention to the national media?
I say this because the following article, published last week by the AP, indicates that foreclosures are down in Las Vegas. This is a strong indicator that buying in Las Vegas NOW! means deals! And it indicates we are at; OR, we are very near the bottom as to where CRE property values are headed.
"Las Vegas’ 1st quarter foreclosure rate 8th in nation
Thursday, April 26, 2012 | 2:30 p.m.
Foreclosure activity in greater Las Vegas has dropped 26 percent quarter-over-quarter, putting the area's foreclosure rate at 8th in the nation.Data released Thursday by RealtyTrac shows one in every 82 Las Vegas-area housing units saw a foreclosure filing during the first three months of 2012. That's down about 61 percent compared with the same period in 2011.
Foreclosures in Nevada have been declining since a state law took effect in October, requiring lenders to file more paperwork to foreclose. In March, the state ended a 62-month streak as the foreclosure capital of the country.
The report shows Las Vegas' foreclosure rate trails seven California metro areas. The central valley cities of Stockton and Modesto top the list."
So, I can only assume that these high publicized Celebs and over paid Exec's are either ignorant to the facts as to what is truly happening in the Las Vegas CRE market; OR, they are getting really bad advice from their financial managers/planners -- who in turn are ignorant to these facts.
Oh, well. It is their loss of the potential 9% or higher Cap Rate ROI; or, the loss of the potential rebound equity a buy and flip would provide once the market has stabilized.
And, even though Celebs! want to be just like John Wayne; or, even Bob Hope with their Hollywood careers, NONE have a clue as to how they really acted OFF camera.
You see, these two Hollywood ICONS -- when they were away from the camera -- built Real Estate Empires that continuously grew throughout their long careers.
John Wayne was such a driving force in the development of Orange County, CA, why do you think they named their airport: John Wayne Airport? And, Bob Hope was instrumental in developing Toluca Lake, CA.
It's a bitter pill to swallow. But, today's Celebs! and Exec's are too wrapped up in trying to become famous. They just do NOT understand that true wealth and fame is earned through real estate. Sure. Celebs! will make money Acting. And Hollywood Exec's will make money on Film & TV deals. But, making money monthly through acting and dealing alone will not last as long as a net leased real estate acquisition will.
Through their careers, one day these Celebs! and Execs will realized they missed the greatest opportunity that is happening RIGHT NOW! The truth always prevails!
And when you consider that 2/3's of ALL Billionaires have made their billions through Real Estate, the Celebs! and Execs dreams of stardom will fade quicker than they realize and that Hollywood income will fade rapidly.
However, IF they acquire one or two Net Leased Investments, this monthly income should continue to meet their income needs sufficiently long into the future.
For Information about Las Vegas Commercial Real Estate Investment Property, contact David Howes at: david@davidhowes.net OR 702-501-9388!
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