Thursday, December 13, 2012

David Howes' Sells Ferguson's Motel in Downtown Las Vegas!

That is correct, folks!

After a 45 day escrow, David Howes has Closed Escrow on the Ferguson's Motel which has been owned by one of David's Clients since 2001.

The Buyer is an investor who has been quietly acquiring surrounding parcels in this ten block area of east Fremont Street.  The investor has NOT disclosed his plans but I know they are significant that it will change the culture of this down trodden area.

The Sale was for $5 Million and the property will remain open during the transition period.

For more Information about any Las Vegas Commercial Investment Real Estate Property, contact David Howes at: davidATdavidhowesDOTnet OR 702-501-9388!

Saturday, December 8, 2012

Las Vegas "Strip" Property Available For Sale!

There have been a lot of 'hits' on my web site about Las Vegas Casino Properties.  Several even have been searching for "Strip" land.

Fortunately, i do know of a property located on the "Las Vegas Strip" that is For Sale.  (And, I am direct to the owner, too!)

For you first time Las Vegas Casino Property Buyers, the price will seem too high at first.  However, since the property falls under the Clark County Gaming Overlay; and, it is located within the "Resort Corridor," the Owner is being smart in their pricing.

And, the best part of this is: The Owner agreed to compensate me for procuring a Buyer. (This is a very, very rare occurrence when it comes to Las Vegas Strip properties.)

The property is large and will allow for +/-10,000 rooms, a Retail Mall, and has enough frontage along the "Strip" for restaurants or retail shops.  Also, this property is properly located amongst other properties that are all earning +$100 Million in EBITDA annually.

The Non-Circumvent Agreement -- located in the right hand column under Las Vegas Casino Information -- needs to be printed, filled out completely and emailed back to me.  This is necessary so that everyone stays honest with each other.

I have a 1% Fee in there because if this property doesn't fit your acquisition criteria, I would be able to find you another without hesitation.

For more Information about any Las Vegas Resort, Hospitality, Gaming, Commercial Investment Real Estate Property, contact David Howes at: david AT davidhowes DOT net OR 70 25 01 93 88!

Monday, November 19, 2012

Topless Adult Club For Sale in Las Vegas! Has Full Alcohol, Topless Dancers and Gaming!

Now, this is NOT for everyone.

This is a specialty use and only a select few of you in the CRE world will be able to own and operate a club where women can dance in scantily (G-String bottoms only) and men can drink and gamble.  Oh!  And men, you can smoke cigars while the Ladies entertain you!

This is the perfect setting for a man visiting Sin City and is looking to push the envelope of their relationship with a significant other! (I am NOT endorsing cheating on your spouse.  You would have a full unabridged menu of Ladies to look at!)

This adult topless club is right next door -- even though it does seem that way -- to a major Resort Hotel Casino.  It is the best located Adult Club in Las Vegas and one of the best for Topless Adult Entertainment.

Interested?  This place will run in the $10 Million range.  It comes with +/-2 acres, a +/-17,000 SF Building, Full Alcohol, 15 Slot Machine Potential and Adult Cabaret Entitlements!

Email me your contact information, your financial capability and experience in this area of business for full disclosure of the property.

For more Information about any Las Vegas Commercial Investment Resort Real Estate Property, contact David Howes at: davidATdavidhowesDOTnet OR 702-501-9388!

Saturday, November 10, 2012

Update on Las Vegas Resorts! Wrote an Offer for a Strip Resort Corridor Property!

For those interested in pursuing a Las Vegas Resort, Hospitality, Gaming or Restaurant Property, you will want to continue reading.

This past Friday, (October 14, 2016) I submitted a Purchase and Sale Agreement to a Buyer for a Las Vegas Resort Property.

Now, I want to be careful because I don't want to give anything away.

But, if a 'major' Las Vegas Resort is within your acquisition criteria, click on the Las Vegas Casino Information button in the right hand column.

There you will find the Non-Circumvent, Confidentiality and Commission Agreement.  Please print this form, fill out completely, have your company's signatory sign, then scan and email the signed form back to me for further details on properties that are available.

You will also have to send me your complete contact information so I can better get a hold of who you are, your company's acquisition ability and to be able to discuss the property details with you.   Just so you know, there are several layers of gaming type licenses in and around Las Vegas -- and the entire state of Nevada.

So, contact me directly, and I will be able to start a dialog with you about the various properties that i will send to you so you can read the details firsthand to better judge for yourself the extent of your interest in acquiring Las Vegas Gaming properties. If what I send you is of no interest, just simply delete and wait for the next.

Hopefully, the above mentioned PSA will be quickly signed by the Buyer; then executed by the Seller.  Once this phase is complete, we open escrow.

I appreciate your patience in this and hope to be able to bring you other Las Vegas Properties to you for your review in the next few months.

For more Information about any Las Vegas Commercial Investment Real Estate Property, contact David Howes at: davidATdavidhowesDOTnet OR 702-501-9388!

Friday, October 12, 2012

Net Leased Investments Help Women Earn Income!

Recently, USA Today ran a story about Baby Boomer Women who are still working but are more worried about living expenses in retirement than men.

This is nothing new. The problem is that women generally do NOT think about having a Commercial Real Estate (CRE) investment property as a positive financial element that does help them with living expenses for the rest of their lives.

And IF women did acknowledge that a CRE investment as a wise financial plan, they would find that a good selected CRE investment will help them with the everyday living budgeting long into the future.

But since most women do NOT understand how a passive net leased income investment property works, they (unfortunately) will allow that well priced acquisition opportunity slip away when they shouldn't. Thus, they simply never do get the solid diversification of their investment portfolio that they truly need.

And, especially for women who do have a better than average income in their early careers, they are the ones who will simply ignore any CRE opportunity because it is "something they can consider later."

Unfortunately, as these very same women approach (or forced into) retirement because of their age, their income slips well below the amount of needed earnings; I will see these very same women looking desperately for some form of (temporary) income long after they have hit their career high and they find they are (involuntarily forced) into their retirement.  Then, they suddenly realize they don't have enough money to even take care of themselves -- let alone their growing young adult children and extended families who have become dependent upon them.

This is a very sad situation that these very same higher than average income women can avoid. Especially when they find themselves no longer desired for roles that they were used to getting because of their celebrity status. And the industry has moved on to the next young, virile, attractive young thing.

OR, these women have called for a halt to their climbing career to bear children. And, they usually end up using up their saved earnings to try and continue to pay for their high end lifestyle -- even though they lack the necessary continued income.

AND, after their career has been on hold for too long, they end up making an effort to go back to work later in life and find themselves -- as single Moms -- struggling to even find work.

Fortunately, NOT every women will struggle with later life expenses. Some do stay married to a man earning enough money to carry the family through. But, most women end up married to a clown that they should have avoided, though at the time of intimate romance, he seemed as if he was the best available choice.

But, soon after these women got married to the clown, they find out for themselves just how truly this supposed awesome hunk was in truth a bad life decision. So, these women are left with the clown no longer wanting to be involved with her or their children's lives. She ends up by herself, alone and broke. (My apologies, I digressed there for a moment.)

Now, for you women still reading: Are you angry, yet?

Not all Net Leased Investment's are in the millions. There are investments where a woman can acquire a  Net Leased property well under a million that will help you to continue to earn money in a passive fashion.  But these properties will require you to provide more TLC -- to keep earning the monthly rent.

So, as a favor to me, please review the properties in the right column. IF these are too expensive for you, there are others which will earn you a monthly rent but at less than the monthly amounts indicated. These will NOT have a National Credit Tenant. However, you may see these as on a lower end property spectrum, but most tenants do pay on time rather than always paying late.

BUT, even though it may hurt initially, giving me a call will help you figure out where a property is that will fit with your current financial situation.

Hopefully, in the long run -- when retirement is your only option -- a well acquired property should be paying you the appropriate amount of money long before and long into your retired life. And, being able to pay for yourself during retirement is the most important part of all this, isn't it?

For more Information about Las Vegas Commercial Investment Real Estate Property, contact David Howes at: davidATdavidhowesDOTnet OR 702-501-9388!

Monday, August 20, 2012

Las Vegas Resorts, Casinos, & Hotels For Sale!!

A lot of people search for Las Vegas Resorts, Hotels, and Casinos that are For Sale.

Most are "tire kickers."  But, unfortunately, some of these people searching may NOT possess the appropriate qualifications to own and operate such a prestigious property.

If you are one of the few, that have the money, time and experience to own and operate a Las Vegas Resort Gaming Property, you will want to click on the Las Vegas Casino Information button -- just to the right -- in the right hand column.

Now, there, you will find a: 'Non Circumvent, Confidentiality and Commission Agreement.'  This needs to be downloaded, filled out by your company's signatory, scanned back into your computer, and then emailed back to me.  You might as well provide to me -- upfront -- your proof of funds, too!

Once I have verified you are a qualified risk to own a Las Vegas, NV Resort property, I will either ask for additional information about you to clarify anything that may cause a "red flag;" or if I am able to verify your resort casino status quickly, I will forward the appropriate information on the property fits your qualifications and acquisition criteria.  You will, also, have to pass muster with the  Nevada Gaming Control Board as part of your financial ability to acquire a certain priced property.

Currently, there are several unrestricted gaming properties available for +/-$25 Million and up!  I know of one unrestricted gaming (Off Strip) property for sale that the owner told me he wants $5 Million to sell; and, then there is the big leap.  One resort property available with a +/-60,000 SF casino can be acquired for +/-$250 Million!  And, then the others...  Well, since 99% of you will NOT qualify for this particular property, i will just keep that under my hat until the person who can afford this resort property comes forward.

AND, lastly, there are still several well priced "tavern" sports bar properties available that are also NNN Investment properties!  These will return +/-7% on your money.

Again, I appreciate your patience in this and I hope to be able to help bring you other Resort Properties in the near future.

For more Information about Las Vegas Commercial Investment Real Estate Property, contact David Howes at: davidATdavidhowesDOTnet; OR 702-501-9388! Thanks!

Wednesday, August 15, 2012

Las Vegas Resort Hotel Casino Buyers!

To make it easier for qualified persons or companies to obtain detailed information on which Las Vegas Resort Hotel Casinos that are For Sale, I have added an information button to the right column labeled Las Vegas Casino Information.

Click on it, print the form, have your authorized company signatory fill it out and sign, then scan and email it back to me.  Once I have verified that you are financially capable and Nevada Gaming Control Board pre-qualified, I will forward the information on the property that best fits your acquisition criteria.

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

Tuesday, July 31, 2012

Las Vegas Resort Casino Hotels For Sale!

If you have been following my blog, you undoubtedly have seen several postings about Las Vegas Resort Properties that may/may not be available in the Las Vegas Metropolitan area.

Since the Buyer MUST compensate me for my endeavors, I must ask that the authorized signatory for your company be the one to sign a Non-Circumvent, Confidentiality and Commission Agreement.

A telephone call to me telling me how much of a good guy/gal you are simply won't work.

So, as of today, there are three potential Resort Casino Hotels which could be acquired.  They range from --- well, let's just say for the sake of lowest common denominator without giving out  more information than is needed at this time -- it will run you more than $250 Million and they go up from there.

All offers to acquire any of these Resort Casino Hotel Properties will require that you disclose yourself fully; All persons that will be holding 5% or more ownership interests will be required to disclose their complete personal and financial capability; you will be subject to Nevada Gaming Control Board preliminary background check -- and this will also be done by the Resort Owner and it is absolutely necessary you be vetted.  The reason is that they do NOT want to become involved in anyone who may/may not be shady characters.  You do NOT have to be stellar!  You just MUST be honest.

And, they obviously do not want to be barraged by unqualified persons who are only simply looking for proprietary information.  This will NOT be given until/unless you have passed muster of the current Owner's vetting process.

Lastly, IF you even think you may NOT be Nevada Gaming Control Board Approved, then please do NOT waste my time.  You do NOT have to be squeakily clean, however, in terms of criminal activity or other illegal marks on your record, it is best you disclose everything.

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

Saturday, July 28, 2012

Famous Real Estate Investing Quotes!

"This is a re-print from a posting on the ActiveRain Web Site."

Throughout history, from ancient Hebrew Proverbs to the modern day Donald Trump, we have advice from men and women who have become successful by investing in real estate.  As you read the following quotes, you may note, as I did, there is a genuine love and respect for real estate coming from these famous people.  Enjoy!

"Don't wait to buy real estate. Buy real estate and wait." - Robert G. Allen

"Why put your money in the stock market when over 95% of the wealth in this country was, and still is, being made with real estate?" - Unknown

"Don't wait to buy land, they aren't making any more of it." - Will Rogers

"It's tangible, it's solid, it's beautiful. It's artistic, from my standpoint, and I just love real estate." - Donald Trump

"The land is good. Be not hesitant to go, and to enter to possess the land."  - Judges 18:9, Old Testament

"The major fortunes in America have been made in land." - John D. Rockefeller

"I made a tremendous amount of money on real estate. I'll take real estate rather than go to Wall Street and get 2.8 percent." - Ivana Trump

"Landlords grow rich in their sleep." - John Stuart Mill

"Ninety percent of all millionaires become so through owning real estate." - Andrew Carnegie

"I bought properties inexpensively and made a lot of money. I began to think it was easy." - Donald Trump

"He is not a full man who does not own a piece of land." - Hebrew Proverb

"God, please just give us one more real estate boom." - Steve Hewson

"Remember, anyone can do it--not everyone will. The only question is: Will you?" - Gary Keller in The Millionaire Real Estate Investor

"Those who are waiting for the bottom in Las Vegas Real Estate will miss it." - David  Howes

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

Friday, July 20, 2012

Las Vegas Free Standing Restaurant offered at +/-8.4% Cap Rate!

This is NOT going to Last!

This may or may not be your cup of tea, but it is an investment worth a second look.

Popular China Star Restaurant located on Craig Road and very, very near a Walmart Superstore.

Investment Summary:

Offering Price:                $1,990,000
NOI:                                $166,320
Cap Rate:                       8.36%
Lease Term Remaining: 10 Years (This is excellent for a free standing investment.)

Location:                         1075 W. Craig Road, North Las Vegas, NV 89032
        Home Depot Anchored Shopping Center Pad

Sale Highlights

•             Safe and Secure Investment:  Tenant has been at this location since the property                 was built in 2007
•             NNN Lease (No Landlord Responsibilities)
•             Over 10 years remaining on their initial lease term
•             Home Depot Outparcel: Located in a very busy retail district
•             Adjacent to Revere Marketplace, which is anchored by Home Depot, PetSmart,                     and Office Depot.
   This has excellent exposure on high traffic Craig Road -- which is one of the busiest               east/west thoroughfares in the Las Vegas MSA.
   Shopping Center has its own signalized intersection!

Google Earth the site’s address to see the surrounding amenities/properties.

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

Monday, July 9, 2012

Las Vegas Commercial Real Estate Resort Investment Property Do's and Don'ts!

For some reason, quite a few "investors" ask me about financials for certain 'well located' Resort, Hotel, Motel and Gaming Properties.

Looking at and analyzing the financial statement would be the normal way of processing whether or not a 'well located' property is worth a specific sales price.

However, these well located properties suffer from the fact the Owners do know all about the situation of the prominent location of these properties.  Since most of the 'Buyers' are unaware, it is important to know -- before even asking -- that the most important features of these properties are: the H-1 zoning, the fact that they lie within the Clark County Gaming Overlay; and that there is a future upside IF certain elements of the surrounding properties do ever evolve into a massive development.   So, what is the current owner to do?  Well, that answer is easy: they hold out for their price.

Unfortunately, these well intended Buyers come along and 'think' they are smarter than the Sellers; and they try in vain to overtly explain why the property isn't worth, for example, $10 Million an acre.  (This is an approximate measure of value that the land under the resort hotel, motel that Sellers use as a gage to establishing the sales value of a property.)

The problem with this is that there are some Buyers who will -- because of a sense of desire -- overpay for a property -- thus set an unrealistic bar for us Real Estate Brokers.

Yeah!  It is great for our bank accounts.  However, it sends an unrealistic value ripple effect through the neighboring properties.

When this happens, the Owners/Sellers now think that their property is worth that or more simply because their properties are NOT vacant, better maintained, even though NOT as 'well located.'

I don't want anyone to figure out "who" I am talking about.  Let's just say his intention is good; his execution is bad.

So, when I know of a property for sale at $1 Million an acre, lets say, that is the price set by the well intended 'Seller" because of the fact that a similar property down the street sold for close to that amount.

And because of this established price, any financial information I have will NOT reflect the Sellers Selling value adequately.  And, I do know that the financials only show a Cap Rate; and, I feel like an idiot for taking a listing at that high of a price.  But, since the Seller has bought and Sold properties through me over the years, I want to service them as best I can.

You understand, right?

So, out of state Buyers, please pay attention, when you review marketing information I send you, just remember that the financials have played little in establishing the selling price of a Resort Hotel, Motel, and/or Gaming asset -- especially along the "Strip."

So, 'Do' ask me questions about Las Vegas Commercial Real Estate!  I will answer them as honestly and as effectively as I can; but, please 'Don't' come to Las Vegas thinking you are going to acquire a 'well located' property below market value.

There are certain 'things' about Resort properties that I know that make that property worth more than the financials reveal.

Are we on the  same page?

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

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: 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: 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

Sunday, May 6, 2012

Las Vegas Resort Casino Properties For Sale!

Several months ago, I blogged right here that there were a couple of Resort Casino Properties For Sale.  Now, I want to update you on this:  There are Three For Sale and they are all Resort Hotel Casino Properties.

So, IF you have the  pre-requisite amount of money or financial capacity -- which means you are capable of paying $250 Million or more for a property -- send me an email with the proof of capacity.  I will then reply with a Non-Circumvent, Confidentiality and Commission Agreement for your company's Authorized Officer's signature.

Once this 'Non-Circ' is executed, I will then supply your company's signatory the detailed information on the Resort Casino Property that "fits" your financial capacity and investment criteria.

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

Monday, April 30, 2012

Are Celebs Dense? Or, Just Receiving Bad Advice?

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
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: OR 702-501-9388!

Wednesday, April 11, 2012

BEWARE! California RE Agents Posing as Buyers in Nevada!

For the second time in the last twelve months, a "Buyer" calls me and asks for information about several properties that I have been marketing -- either my own listings or a couple of my Real Estate Agent friend's listings that I want to help them sell.

Of course, I ask the usual qualifying questions about money, their real estate property ownership experience, etc.  But, beginning today, I need to re-start asking the most valued question of all again, "Are YOU licensed?"

You see, recently I received an email and then a call from a "Buyer" who works at a California based capital investment company.  He proceeded to present himself to me as the "Buyer."  And, since he and his partner were going to 'Buy" some Las Vegas distressed properties, he wanted me to get him information about various properties that he said he has experience in acquiring and investing in Las Vegas CRE.

Well, after listening to this guy tell me how he is able to raise capital, acquire properties, re-position them economically, and then, re-sell at a later date, I completely left out the above question that I should be asking right up front with every Buyer who approaches me.

Well, after a couple of weeks of going back and forth, I began sensing something just wasn't right.  So, I surprised him with the most important direct question: Are you a licensee?

To my surprise, he knew what that meant.  And, the reason he knows this term is because only licensees are familiar with that term because in the course of their licensing experience they have heard it used about them by the state licensing division.

He admitted he was licensed, challenged me to check him out, and was going to present the properties to real Buyers.  He said he would get back to me.  I asked for a co-brokering agreement -- to which he turned to some one on his end and stated: "He wants half the commission."  Boy, I never knew California Real Estate was so bad right now that CA licensees would have to go out of their way to screw NV licensees.

I asked for his broker's name and contact information.  He gave it to me and I said I'd need to talk to his Broker to continue working with him.

Chest fallen, I then composed an email to the agent that suggested since we were already working on finding properties, we have an oral agreement to share any commission on the properties 50/50 that I already sent him.  But, I still want to hear from his Broker so I have an agreement in principle which would solidify the oral agreement.

So far, there has been no return email either from the agent or broker.  However, my attorney friend said, since he failed to disclose his status up front, I would have a legal basis to file a law suit against the agent AND his broker for failing to disclose "as soon as possible' IF they do proceed to help a Buyer acquire one of the properties that I sent him -- IF they close.

Moral of the Story: Expect the unexpected.  I guess that is a bit more civilized than gun them all down and let God sort them out.

For Information about Las Vegas Commercial Investment Property, contact David Howes at: OR 702-501-9388

Wednesday, March 28, 2012

Attention Celebrities! Net Leased Investments Help Secure/Plan Your Future!

In today's edition of USA Today, there is a story about Dennis Rodman being broke!

Now, I don't know much about Dennis personally.  But I remember him as a very good basketball player who made a lot of money during his championship laden career.  And, he played with some of the best basketball players in the world.

But, some where along the way, Dennis got lost in the fog of his own wealth.  He forgot that in order to maintain his extravagant, a high flying lifestyle, that living that way would require him to continue earning a certain level of monthly income.

Now, he probably did receive financial advice.  But, he didn't follow the advice; or, he refused to believe that his current level of income would ever decrease.  Either way, he didn't secure his future income from multiple available resources, and, he didn't plan for the future.

Yes, he has to pay for his children which could have been taken care of easily.  He didn't pay his taxes.  Which could have been taken care of easily, too.  If he had planned, he would NOT owe more than $800,000 in child support; and the $350,000 in taxes owed, could easily have been paid, too.  (These are according to the USA Today article.)

And, with celebrities earning such high incomes, how -- I must admit I am confused -- does some one get themselves into such dire situations in the first place.  The answer is obvious: Dennis out spent his income.

And, I am afraid, he didn't have the appropriate knowledge or sound advice that would have kept his financial portfolio diverse and the necessary income real estate investments he needed to remain solvent.

And, one of those investments -- which I think is one of the best -- is a Net Lease Investment Property.  With a net leased investment property, you will continue to earn income on a monthly basis because as long as you have a National or Regional Credit Tenant, this monthly income will continue and just one net leased property could have paid for child support; or, as a reserve account for income tax purposes.  And, most importantly, they could have been used to maintain his monthly 'Nut.' (Nut is slang for the amount of money that is necessary for paying ALL of your living expenses to include any and all monthly mansion, or luxury care payments -- IF you were foolish enough to think that regardless of what might happen, you think that you will never experience being wiped out immediately from a sports related severe injury: or even IF you think you would never be involved in a serious life-altering car accident; or that you are immune to a major film or TV flop that you are currently involved with.)

So, Celebrities of Sports, Film and TV!  Get off your high horse and contact me about securing your future income with a sound Net Leased Commercial Real Estate Investment.

And, Yes!  IF you own an appropriate Net Leased Investment with a well qualified Credit Tenant Leasing a Commercial Real Estate (CRE) Property for Ten Years or more, you will have ONE of the BEST ways to be assured that your monthly income will continue and you will be able to earn income and to provide for your family as you move forward into the future.

Your Athletic or Hollywood careers do have one thing in common.  They WILL DEAD END!  Very few people are lucky enough to continue to earn the explosive amount of income that will be necessary to maintain your lifestyle as you grow older into the future.

For Information about Las Vegas Commercial Net Lease Investment Property, contact David Howes at: OR 702-501-9388. I appreciate your reading this.