Thursday, December 19, 2013

Happy Holidays to Everyone!

I'd like to wish Everyone a Happy Holiday Season!

And a prosperous New Year to All!

My New Year's Resolution is to get my weight back down to +/-200 lbs!  Wish me, Luck!?

For more Information about any Las Vegas Commercial Investment Real Estate Property, contact David Howes at: davidAtdavidhowesDOTnet OR call 70 25 01 93 88

Wednesday, December 11, 2013

Closing Today! on another Downtown Las Vegas Property!

I had a feeling this was going to happen.

I kept thinking that Tony was NOT going to wait until New Year's Eve to close on this small duplex in Downtown Las Vegas to Close this Sale!

AND, I keep telling you "supposed" investors to contact me, so you can buy one of these properties, and then "flip" to Tony!

However, all of you investors are too worried about making a killing!  There's no need to buy so low, you take away any incentive from the current owners to sell to you.

But, you seem to think you know best.  I suggest you come to Las Vegas, acquire one of these properties, and then "flip" at a smaller yet reasonable profit to Tony.  He is going to Buy ALL these properties sooner or later.

I just don't understand the extensive greed you have.

Most properties within the Downtown Projects area of acquisition are acquired already.  So, why not allow the current owners to ability to make some money and then you re-sell the property to Tony -- when he is ready.

Otherwise, I have advised my current Seller clients to sit an wait.  Tony is coming.

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

Tuesday, November 26, 2013

Your Buyer is Not Qualified Because We can't find Him in a Google Search!

A few days ago, maybe even late last week, I get a call from a LA Collier's agent who for some reason has a listing on an Las Vegas property telling me his Seller needs a warm and fuzzy feeling about my Buyer.

At first I laughed quietly to myself.  Then, he dropped a bomb shell saying that since he can NOT find my client via a Google search, he thinks he is NOT qualified to buy the property!

What stupidity!  I know at least a dozen people in Las Vegas, that you would be hard pressed to know whether they are qualified or not simply because of their appearance.  Most of these people are older.  They do NOT have an internet footprint.  And, just by looking at them, you would never be able to tell they were wealthy.  AND, they like it that way.

One which doesn't even have an email account owns 40 properties where he earns +/-$100,000 per month!
Every time I have to get a document to him, he tells me to fax it!  I don't have a fax.  It's passe. And, his daughter is studying Computer science at a well-known Southern California University.  She told me that she has tried to get him to use an email account in the past and he refuses to change the way he does business.

Another former client used to have a contract with the Clark County school system to supply food to them. He has an email.  BUT, he never checks it.  I have to call to tell him that I sent him the information he requested from me.  Once he does check the email, he is okay.

Anyway, NOT every property owner is on LinkedIn.  Not every Buyer has an email account.  Does that mean they aren't qualified to buy?

No!  And unfortunately, I sent this LA agent my clients financial information of the money he has on account in his financial statements.  The client asked for a loan contingency because he doesn't want to put all or even most of his money into one property -- which is smart since the property he made the offer on has a higher than normal rent payment by a national credit tenant.

So.  Why the defiance to my buyer?  I truly don't know the reason.  However, my guess is that since the local Colliers office has a reputation of double-ending deals, that this might be what they are trying to do. However, I do NOT know this for a fact.

In the past, I have gotten other clients from a national CRE company simply because the client asked the agents to find out IF a property on a specific corner -- whether listed or not  -- would sell.
He told me that the agents said that they do not do that.

Which is good for me since, that is one of the "things" I do.  If I know of a potential client "looking" for a specific property, I will try my best to get a hold of the owners and just simply ask a question.

(By the way, my buyer client told me to tell those agents, IF the Seller wants a warm and fuzzy feeling, he should accept his offer and he will get that feeling at the close of escrow. OR, go buy him a blanket.)

For more Information about any Las Vegas Commercial Investment Real Estate Property, contact David Howes at: davidATdavidhowesDOTnet OR call 70 25 01 93 88