However, the problem I am having today is kind of complicated.
You see, there is an election going on in the US and both candidates are either well liked; or hated.
The sad thing about this is -- since I am subscribed to several property listing services -- I am being barraged with other CRE company's emails claiming that they have SOLD property in surrounding states at such a high price (or low Cap Rate) that right here in Las Vegas, Sellers are struggling to even attract investor's attention at +8% Cap Rates!
I am, after all, more than willing to help a Seller get as much money for their property as long as the Buyer is willing to accept the Seller's price as a great deal (maybe a steal) from acquiring a real estate property.
What confuses me more than anything else is that our +8% Cap Rates are a steal!
Especially when a McDonald's in Southern California sells for a 3.54% Cap Rate!! OR, a Walgreen's in Arizona Sells for a 5.33% Cap Rate!
I find this not only confusing, BUT unbelievable! Why would an investor buy such a property at such a high price -- just because it is located in another state?
IF you are NOT one of these investors, or you are and are now just realizing your mistake, please send me an email and I will gladly send you the latest on the better than average CRE properties that are currently available.
I appreciate your support.
Contacting David Howes is easy -- either by: davidATdavidhowesDOTnet OR call him at: 70 25 01 93 88 AND Follow David on Twitter: @DavidAHowes