Thursday, June 14, 2012

Is it Safe(?) to Return to Real Estate Investing?

About a week ago, I saw this headline question in Forbes.  The problem I immediately saw with the answer was the author was actually using this question to pump small investors to consider REIT's (Real Estate Investment Trust) as the safe way a small investor could get back into real estate.  He especially singled out Kimco who does have some very choice and well located shopping centers around the country.  Now, these are pretty safe investments.  But, the Return on Investment (ROI) is going to be smaller than an amateur investor would expect.

And, sure, there are also thousands of SFR/Condo Investors with enough cash to gobble up that market.  And most of these Buyer/investor types "think" they will get the property at a steal; and IF they are willing, they just sit on their "prized" acquisitions anxiously waiting for the right timing to come along so that they will start "flipping" again.

But, what these small RE investors are forgetting is that there are really good valued CRE properties waiting for a Buyer.  Sure, it may cost more than a house or condo.  But, IF you have +/-$1 Million, you can get a small net leased property paying a decent Cap Rate or ROI.  And in Las Vegas, a really good Walgreen's Net Lease will run in the 8% to 7.5% Cap Rate.  But, you can even find 9% Cap Rates on some unusual properties that are NOT mainstream.

IF you check out the column to the right, you will see buttons to various properties.  If you don't see one in your price range, just drop me an email and I will -- free of charge -- search the Las Vegas area for what is available in your price range.  I have seen fast food restaurants, office buildings, (small 4- 8 units) apartment buildings all under that $1 Million mark.

AND, if Property Management isn't your thing, a net leased investment sounds like its right up your alley.

For more Information about Las Vegas Commercial Investment Real Estate Property, contact David Howes at: david@davidhowes.net OR 702-501-9388!

Wednesday, May 30, 2012

Las Vegas Horse Boarding Property For Sale

An owner of a 5 acre parcel in the northwest portion of the Las Vegas Valley has asked me to find a potential buyer looking for his horse property.

The property has been a +/-15 horse boarding facility with a +/-5,000 SF house; and it has a +/-16 stall barn with a caretakers quarters.  There are also corrals on the property for the horses to be "turned out."

The property is surrounded by higher end homes so your neighbors would be more affluent than the norm.

He would like to get $750,000 for the property "As Is."  This is a tremendous buy for such a large parcel of land in Las Vegas and the boarding entitlement runs with the property.

The house and the barn will need repairs to bring it back up to serviceability.

If interested, please give me a call at my telephone number below.

For Information about Las Vegas Commercial Investment Property, contact David Howes at: david@davidhowes.net OR 702-501-9388

Tuesday, May 15, 2012

Did a Foreign Investment Fund Overpay for a Las Vegas 'Strip' Drug Store!?

Can it be true?  Please, say it isn't so.
Did a foreign investment fund overpay for a freestanding drug store here in Las Vegas?

I do NOT know how to get a hold of these investors; and, I wish I did.  Why would anyone pay $1,000 PSF for any property?  Where is the upside?  And, what was the Cap Rate that this will turn out to be once the dust has settled?

It never ceases to amaze me that anyone, whether foreign or domestic, would fork over so much cash for a real estate property in which the ROI was so far out into the future that it may not even be calculable.

In the last year, I have been trying to get any investors interested in any of a number of well positioned net leased properties that are listed in the low to high 8% Cap Rate Range.  And, I am talking an ROI that will pay for itself in 11+/- years.  But, I have been having a hard time convincing foreign investors to even consider Las Vegas as a place to invest -- when there are steals here right now!

Now, this!  IF True...I can't believe that this actually happened.  I just can NOT believe it.  What was the closing phrase that sealed this deal for this investor?  I really and truly want to know.

For well priced an available investment property here in Las Vegas, NV contact David Howes at: davidATdavidhowesDOTnet or 702-501-9388