A client who is trying to finance a hotel purchase here in Las Vegas, called me yesterday to say that he found several resort casino properties available for sale that I had not told him about.
Confused, since I am more than willing to disclose everything I know about a resort casino that is for sale, I asked, "What properties did you find out about that are "For Sale" properties?"
He told me about a web site -- which is based over seas -- that has what I consider "a hidden agenda" about trying to make money off of suckers interested in acquiring a Las Vegas NV Resort Casino Property. I know and believe this web site is misleading potential buyers.
The site states that they "just listed" several properties and gives an estimated EBITDA that to me "looks" fake.
Now, according to the web site, in order to get these numbers, you must sign a Non Circumvent and Commission Agreement -- which is normal; EXCEPT that the following circumstances apply.
1.) Resort Property owners -- especially those in Las Vegas -- don't list properties with overseas brokers. Not ever, never. Local Brokers even have a hard time getting these properties exclusively listed to sell.
2.) They definitely never, ever reveal any financial information to anyone! So, having an EBITDA to disclose tells me this is extremely false. And an estimate EBITDA with numbers that are laughable, is funny in itself.
3.) I live and work in Las Vegas. Most of what he claims that he has listed is honest and truly NOT FOR SALE! Now, in the years I have lived and worked in Las Vegas, I developed direct access to the owners' decision makers. And, none of these people will ever, ever say their property is for sale; and absolutely none will ever give me access to their financial information. It's NOT going to happen!
Besides, some of the Land that this overseas broker claims to have listed is actually NOT LISTED. And, by the description, I know which property these are because, like I said above, I live and work in Las Vegas, NV. (By the way, the land he claims to have listed, he claims to have approved high rise plans. The problem with the land's location is: a high rise building can NOT go there. You will have to contact me as to why.)
So, IF you happen to find this ridiculous web site and see a Las Vegas property that interests you "listed" for sale, please give me a call.
I guarantee, I will tell you the truth because I do NOT make any money by lying to potential clients.
Contacting David Howes is easy -- either by: davidATdavidhowesDOTnet OR call him at: 70 25 01 93 88 AND Follow David on Twitter: @DavidAHowes
Confused, since I am more than willing to disclose everything I know about a resort casino that is for sale, I asked, "What properties did you find out about that are "For Sale" properties?"
He told me about a web site -- which is based over seas -- that has what I consider "a hidden agenda" about trying to make money off of suckers interested in acquiring a Las Vegas NV Resort Casino Property. I know and believe this web site is misleading potential buyers.
The site states that they "just listed" several properties and gives an estimated EBITDA that to me "looks" fake.
Now, according to the web site, in order to get these numbers, you must sign a Non Circumvent and Commission Agreement -- which is normal; EXCEPT that the following circumstances apply.
1.) Resort Property owners -- especially those in Las Vegas -- don't list properties with overseas brokers. Not ever, never. Local Brokers even have a hard time getting these properties exclusively listed to sell.
2.) They definitely never, ever reveal any financial information to anyone! So, having an EBITDA to disclose tells me this is extremely false. And an estimate EBITDA with numbers that are laughable, is funny in itself.
3.) I live and work in Las Vegas. Most of what he claims that he has listed is honest and truly NOT FOR SALE! Now, in the years I have lived and worked in Las Vegas, I developed direct access to the owners' decision makers. And, none of these people will ever, ever say their property is for sale; and absolutely none will ever give me access to their financial information. It's NOT going to happen!
Besides, some of the Land that this overseas broker claims to have listed is actually NOT LISTED. And, by the description, I know which property these are because, like I said above, I live and work in Las Vegas, NV. (By the way, the land he claims to have listed, he claims to have approved high rise plans. The problem with the land's location is: a high rise building can NOT go there. You will have to contact me as to why.)
So, IF you happen to find this ridiculous web site and see a Las Vegas property that interests you "listed" for sale, please give me a call.
I guarantee, I will tell you the truth because I do NOT make any money by lying to potential clients.
Contacting David Howes is easy -- either by: davidATdavidhowesDOTnet OR call him at: 70 25 01 93 88 AND Follow David on Twitter: @DavidAHowes
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