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: david@davidhowes.net OR 702-501-9388!