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: 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

Wednesday, November 20, 2013

RE Expert Suggests Buy and Hold Strategy is the Best Way Real Estate Investors Can Make Money!!

Surprised?  I'm not.

Just in case this was NOT news for everyone in the good ole US of A!

Buying real estate and holding it long term has always been the best way to get the best return on your real estate investment.

Now, this may NOT work as well for single family homes and condos.  BUT, in the CRE world, the best return has always been over the long haul.  Buy now; and Sell years from now when the investment has run its course.

When 2/3's of the billionaires in the US can attribute their wealth to real estate, it should NOT make anyone say: Golly, gee wiz!

If you start small and work your way up, one house at a time, or one small real estate investment at a time, over time, the return on the real estate will eventually pay off.

And, for you who are new to my blog, buying Las Vegas real estate does have a long term value increase preset before the 2008 economic disaster.

Most people who had acquired their Las Vegas properties a long time ago, did NOT lose their property because they had so much invested in keeping the property up to date and they did NOT over-encumbered it by a high LTV loan.  Never pay off credit card bills with your real estate equity.  I think it is dumb.

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

Wednesday, November 6, 2013

Las Vegas Value Added Retail Center Just Listed For Sale!

Attention! Investors!

A long time client of mine asked me IF I would sell his Neighborhood Retail Center that he owns in Henderson. I have introduced him to an attorney friend of mine to help him with a SHORT SALE! He wants to sell to be able to get out from under this debt property.

Now, this retail center is in a neighborhood where the City of Henderson has set aside about $1 Billion to help upstart and/or new businesses who will lease in this area.

The upside for the risk taking real estate investor, will be that once this is fully leased up, the Cap Rate could be as high as 13%.

The property has +/-12,700 SF in two two buildings on one 1.53 acre parcel of land. It is currently +/-60% Occupied! With Total Rent being collected at +/-$8,500 that puts the average PSF monthly rent at +/-$0.70's!

This rent number should be higher -- more like $1.00 PSF per month! And, there is room to improve on that with the way the economy in Las Vegas seems to be slowly improving. The other thing is, with the existing leases in their 2nd or 3rd years, rent renewals are going to improve the bottom line as this property rolls along into the future.

The main tenant is the Coin Operated Laundry and a local Mini Mart that competes with the 7-Eleven on the corner.

The Retail Center was built in 2007 and still looks (almost) brand new! The selling price could be as low as $1.2 Million.

There is money to be made but that is the future leasing capacity from the vacant +/-3,000 SF.

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

Monday, October 28, 2013

Downtown Las Vegas is Transforming! Get Involved Now or Miss out!

This past weekend was the "Life Is Beautiful" event that had Downtown Las Vegas full of young dreamers and believers!

Here is the Las Vegas Suns' Katz Report describing the event, the change and its destined forward direction of this area.

And, here is a Las Vegas Review Journal article about the Then and Now of Downtown Las Vegas!

Please enjoy!  Then, get together with your investor friends and call me about acquiring property in this area to redevelop along side Tony!

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

Monday, October 14, 2013

IF Las Vegas City Officials were Smart?

That's right!

In my opinion, IF the Las Vegas city officials were smart, they'd offer developers the same incentives that the Downtown Redevelopment Project (DRP) is getting. Now, what I have seen and the impression I am getting is that the east side of Las Vegas Blvd, along Fremont Street could be an area of upscale office and retail and NOT just a party area for First Friday and teen drinking any other weekend.

Tony of Zappos' plans are pretty secret. And he may just be planning this. But, I believe that unless other developers get involved in this area, this is going to be pretty much the same as it has always been.

It is my belief that the need for higher end jobs is the key to getting this area redeveloped properly and it would have a positive affect on existing property values for the current owners in this area.

DRP has been able to convince several property owners in this area their properties are worth less than what has been paid to others in the area before they decided to sell. It's as if they didn't look at the area comparable sales in pricing their properties.

Granted most properties left in this area are low end housing and older homes which most likely need to be torn down.  But, to sell off to one buyer at the buyer's price is fueling a decline in the values.

That is why I have been standing firm in my listings in staying at the list price I have stated to these owners. Why sell cheap? Just because a sale near you was low at $24 PSF doesn't mean that, that is the value of your property. I have also cautioned that just because properties such as the Las Vegas Dragon or Ferguson's or Peter Pan Motels sold at $159 PSF doesn't mean your property is that high either.

But, in reality, another developer needs to step up and get involved. Other developments in this area are necessary to build competition so that the property values will increase thus making the current and future developments more valuable. And that would affect future re-sale prices in this area, too.

I have been marketing my listings to Pacific Rim investors and thus far I have received a lot of inquiries, but these investors are gun shy to pull the trigger. WHY? I ask. My guess is that they fear Tony's bank account.  I know it is NOT bottomless. But there is the rub.

East Las Vegas along Fremont Street has a reputation of being low end everything.  However, it could be a hub for business rather than a play ground for youthful Zappos' Millenniumers. who engage in underage drinking which will continue to be a problem and could set any development back IF not corrected without the Metro Police's involvement. So, IF you are brave and bold, this area of Las Vegas is in desperate need of high rise office, retail and non gaming hotel rooms just as any other well developed city has.

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, October 2, 2013

Club Owners, Chefs and Restaurateurs Looking at Opening a Restaurant in Downtown Las Vegas?! I have Four Properties!

Earlier this month I received a call from an associate real estate agent who has a client looking for sites in downtown Las Vegas to open their restaurant concept. She has a client who owns and operates restaurants who wants to be in a specific area of Downtown.

I sent her ALL the sites I have listed.  Fortunately, I have two properties in this area she is looking at Listed For Sale.

This got me wondering about ALL the things happening in Downtown where Tony Hsieh's Zappos Company is currently moving into the old Las Vegas City Hall building. He is attracting a lot of attention. And, it makes me wonder IF these business people who are following this are truly interested in moving into the downtown east area OR are they thinking of being in a casino along the Fremont Street Experience.  My immediate concern is: will they have enough foot traffic to succeed at the Downtown east locations?

From my perspective, more roof tops or housing is needed.

Tony's crew, lately, has been acquiring property at what I believe is below the normal or median price for this area.  I have advised my sellers to NOT ask too much IF they truly want to sell; rather ask for just more than the norm and under NO circumstance will I allow them to sell to the flippers.

Hopefully, with this inquiry to you today, we may see more activity in the coming months.

AND - just so you know - the area of the Downtown Redevelopment Project is east of Las Vegas Blvd; US 95 south to Charleston; and Las Vegas Blvd to Maryland Pkwy.  Of course, Tony's crew has bought property outside of this area, so anything could happen.

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, September 25, 2013

Lots of People Look; Very Few Buy! $300,000 for a Las Vegas Office Building!

Over the past year or so, I have been prophesying that the Las Vegas Commercial Real Estate Market "CRE" was losing it's "steal" muster.

Many of you "looked" at my blog; however, very few of you actually inquired about the steals that were happening. Unfortunately, the good ones have been SOLD.

(There were a few of you that did contact me just to tell me that the "steals" were in your opinion NOT steals because the property prices were still "too high" for you to actually make an offer. Since then, I have booted these people because they would still complain the price was too much even IF the properties were given to them for free.)

And, since then, most of the 8% Cap Rate properties have SOLD! ALL the small sports bars, gaming properties, and the Walgreen's were bought up! When one person was telling me that the prices were NOT steals; and least two were telling me they were.

For example: a recent 7 Eleven property was listed at just less than a hair less than a 7% Cap Rate. I contacted the owner who told me he put it on the market one day; and the next, he had 6 offers that ALL were for MORE than his listed price.

So, IF you ask and I reply by telling you the truth; please do NOT assume I am lying to you. (One Buyer kept telling me I was just lying to him to get him to pay more for a property. Okay. He wanted to offer a price that he felt was a steal and it turned out was the lowest offered to the Owner.)

Then, of course earlier this summer there was the idiot for Brooklyn. He had such a bad attitude. He was going to 'teach me' how to buy property in Las Vegas. In reality, he didn't have a clue as to how to buy a CRE property here in Las Vegas. And, after the debacle where he employed another broker to write a second offer on a property that I had written an offer for him first, I booted him, too. (Unfortunately, since he didn't listen, another client of mine who wanted the same property -- and who did listen to me -- is happily in escrow. The Brooklyn idiot didn't get the property because the owner knows me well enough to have respect for the real estate buying process. (Word to the wise, employ only one broker IF you are seriously considering acquiring a Las Vegas property))

AND, I do know of one property NOT ON THE MARKET that was taken back through foreclosure by the bank.  The Bank is willing to sell a +/-3,400 SF office building at a 10% Cap Rate!
Price: $300,000!
Hmmm? I wonder how many of you will tell me this is priced too high? OR, not enough of a steal?

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

Tuesday, September 10, 2013

3 Sold! 7 to Go!

In the last ten months, I've Sold three Downtown Las Vegas Properties. I have seven more listed that are ready to be acquired.

Now, they ain't cheap. But, because they are in the direct and indirect path of the Downtown Redevelopment Project, these will be ripe for flipping or redeveloping them yourself.

Downtown Las Vegas is going to change -- even IF the change continues at a very slow pace. This acquisition area of the Downtown Redevelopment Project will be bringing in more housing, office space and retail. The nightclubs and entertainment area is pretty much covered.

So, IF you dare: I have several parcels which will accommodate various uses. Such as, restaurants, all forms of retail, and especially housing.  And, the need for store front office will come more into demand once the housing is well on its way to being built and occupied.

So, send me an email and I will forward the properties to you that I am talking about.

Two Motels, an Office building, and two small (tear-down) Office buildings, two Duplexes, and an Apartment Building.

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

Monday, September 2, 2013

Crash and learn: The dramatic drop of land values on the Strip - VEGAS INC

This is an article of interest to those of you who are considering a resort acquisition.

Crash and learn: The dramatic drop of land values on the Strip - VEGAS INC

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

Saturday, August 31, 2013

"You are the Best Real Estate Broker Ever!"

Okay. I know. I am (shamelessly) patting myself on the back. But, I thought it should be known. With that said, I usually don't ever say anything to anyone anything about myself.  I try to let my actions speak louder.

But earlier last week, a long time client of mine, called and asked me to go get a cup of coffee with him. So, I agreed. When we met, I even offered to pay but he refused my gesture and paid.

As we were sitting down, a third gentleman entered and sat with us. It turns out it was my client's older brother. He had a real estate dilemma on his hands.

To cut to the chase, the brother needed to deed his house to his son so he could return to his country of origin to take care of some business there and was going to be gone for at least a year.

He wanted to deed his house in Las Vegas to his son but he wanted to keep some form of control over it so the son couldn't sell it without his permission. (I got the impression that this was more of a father-son control issue.)

Anyway, I set up a meeting at a Title Company so that the paperwork could be done correctly.

Anyway, while we were meeting, my client said something in their native language to which his brother who turned to me and was really glad to meet me. I thank him and we proceeded with the above discussion.

Afterward, the brother excused himself having to have to attend to other business. My client and I sat for a spell talking about the how real estate changed over the 10 plus years we have worked together.

(My client wants me to look for a property with long term income. He is going to retire and needs an income to last a good 10 to 15 years.)

Anyway, I asked him what had he said to his brother that made him change in enthusiasm when he first arrived?

My client said, he had told his brother when he arrived that he was meeting the Best Real Estate Broker ever. His brother didn't believe there was ever such a person because my client had at times said to him he was working with a broker that he felt was the best.

He said his brother was surprised to have finally met me. My client said his brother had always doubted him there was ever such a person.

Anyway, since that date, the deed has been taken care of; the brother has returned to their country of birth; and everything seems to be in order -- well, as much as I can tell being on the outside looking in.)

And since then, while my client and I have gone back and forth about investing in various parcels, my client injected into one of our conversations that his brother had let him know he was very happy I had helped him.  I said, "Tell him, 'Thanks.' I was just doing my job."

My client said that I have been the only real estate broker who has never, ever tried to "Sell" him something he didn't want. I always would make suggestions to him and then I would let him to decide. He has always been very appreciative of that.

And, before we departed he said that on every property he has bought and sold through me, I was always able to make him money.

Fortunately for me, my client was always smart about the "when" to purchase and the "when" to sell.

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

Sunday, August 25, 2013

"Moving to Nevada was like getting a raise in pay."

A Porn Star was quoted recently in a local news paper as saying that moving to Nevada from California was liking to a pay raise.

Over the years, I posed this question to only a few of the clients I work with and most seemed to never have even thought of it that way.

Now, several celebrities are residents of Nevada and they (still) live (part time) in California. I am sure that the California tax folk would be inquiring about this IF there was a sudden change in many wealthy Californians exiting the state.

But, one of the benefits of a Nevada Residency is that IF you earn income outside of California, you do NOT have to pay California a portion of those earnings.

And, Nevada being one of the few states without a State income tax, it's like the Porn Star said: "It's like getting a pay raise."

So, maybe when you are searching for a good CRE income property, you could also find a nice residential place which could become your new home.

This is just something to think about.

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

Monday, August 19, 2013

Four Downtown Las Vegas Properties For Sale in the Path of Tony Hsieh's Re-development Project!

With Tony Hsieh trying to acquire all the residential properties in the East Fremont Street area, I have Four properties listed that could make the right investor money.

Each property in itself is unique. And, they are (mostly) surrounded by Tony's Downtown Project crew.

One is just north of Ogden on 9th called the Alpine Motel.  even though Tony has concentrated on acquiring the residential properties down town, he walked into this one while showing Ashton Kutcher what he is doing, announced he was buying the place which resulted in the owner calling me and chewing me out for NOT telling him a showing was going to happen.

The truth is, Tony didn't tell anyone he was going to do this.  Even his RE Broker was caught off guard.

Then there are two small office buildings which are owned by a life long Las Vegas resident.  One building faces Ogden and the other faces 9th Street.  These are store front office buildings which could be used as an office on addition to Tony's downtown high rise office building where he plans to house a bunch of start ups!

If you are already in business and well beyond the start up phase, this building could be for you.  It will have access to all the surrounding properties that will be re-developed or constructed on the vacant land in this area.

Another building in this 9th Street area is an old assembly hall -- The Lodge.  This is very old and dilapidated building that has seen better days.  This will have to be torn down.

The last is a property that Tony should have bought late last year.  It is a duplex.  It is small ans the lot is small.  But, it is the last building on the block to complete the block's assemblage.  I have no idea why Tony's crew just does NOT make an offer and move forward.  He will need this lot to do anything along this corridor.

If interested in this area; and/or you want to make some money by flipping to Tony, these properties are worth going after.

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

Sunday, August 18, 2013

Only One +/-8% Cap Rate Left for Las Vegas CRE Investment Property!

About a two weeks ago, I notified you blog readers that there were Two 8% Cap Rate properties available here in Las Vegas. These have credit tenant's on long term leases.

Unfortunately, there is only One left! And, that one (should) will be gone (hopefully) by Friday.

Most of you will NOT be able to acquire this because of the $3 Million price range.  But, those of you who have verifiable funds, should contact me today.

Because, those of you who will qualify, it pays an annual rent of +/-$250,000.00 -- which is more than enough money to help you maintain your life style which you have become accustomed too.

And, the first investor (out of this group of readers with verifiable funds) will have the opportunity to acquire this property today.

This is NOT a teaser. The property is leased long term by a regional restaurant company; and it is in a higher than normal income neighborhood.  And because of the strict zoning requirements, they are NOT going to give this location up!

So, IF interested, email me ASAP!

Las Vegas real estate is recovering quickly and acquiring a CRE property at an 8% Cap Rate is disappearing.

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

Sunday, August 4, 2013

8% Cap Rates for two Las Vegas CRE Investment Properties!

That's correct.

And, the first investor with verifiable funds gets the worm.

This is NOT a teaser.  There are two CRE properties in Las Vegas that can be acquired for an 8% Cap Rate.

One will earn you $+/-315,000 in annual rental income!
The other will earn you $+/-250,000 in annual rental income!

The first is a retail center with a 7 Eleven as its anchor; the second is a freestanding PT Pub!

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

Saturday, August 3, 2013

"Clients who continually question the minor Purchase Agreement items are NOT Buyers!" Mike Sitren.

I miss Mike Sitren.

He was the best RE Broker I ever worked for.

Way back in 1991, when I left Retail Management for Real Estate, Mike Sitren took me under his wing and taught me a lot about real estate.

He was a short, stocky man who had been in California real estate for more than 40 years when he died in 1993.

In those two short years, he gave me more information about real estate client particulars than I have learned in the last 18 years all together.

He would say things like: A Buyer who demands an unattainable interest rate, is NOT a buyer.  Don't waste your time with them.

He admonished me for trying to help my wife's sister and her husband with a re-finance loan years ago.  He said never do anything in real estate for family; they will not appreciate it; and, IF something goes wrong, YOU are to blame.

I, unfortunately, made this mistake one other time.  It was THEN that I learned that Mike was correct.  (I don't speak to my brother anymore.)

Even as of today, when "things" happen during a real estate transaction, I remember his words of wisdom of what he taught me.

Recently, a client from New York wanted to "buy" a lease. That's what he said.
I asked: "Do you mean buying a property with a NNN leasehold encumbering it? Or, do you want to buy a leased that is a ground lease and you pay the fee simple owner a rent.

"No!" he said.  He wants to buy a property where the tenants pay ALL the expenses.  So, you want to buy a real estate property that is encumbered by a NNN Lease where the tenants pay ALL the RE taxes, insurance and CAM.  He said that's right.  I said, Okay!

So, I found him one. Then, as we are writing a Purchase Agreement, he starts demanding that in the offer, we outline the provisions of the lease that he is buying.  (What?)  In Nevada, they will give you basics about the lease, but NOT the whole lease prior to the Buyer supplying the Seller they are qualified to buy.

Well, he didn't want to put up an agreement or even provide the Seller with a financial statement he said has the appropriate amount of money to close the deal until he got to look at the lease.

I finally realized late today, that this New York Buyer didn't have a clue as to how or what he was trying to do.  He kept asking for things that would NOT be available until we were in escrow.  Mike said that buyers like this guy, are never a real buyers.  So, don't waste your time.

And, unfortunately, the more I tried to help him understand this process, the more he began to question other minor and basic purchase agreement items.

That's when I remembered Mike's warning.  Any buyer who continues to question minor items in a contract, is NOT a real buyer.

So, IF you are a real buyer, I have several properties that are worth the price because they are in the 8% Cap Rate range.  However, after this one, sending me your qualifying information is required -- up front.

And, IF you have been following my blog, you would know that an 8% Cap Rate for a property these days, IS a Steal.

For more Information about any Las Vegas Commercial Investment Real Estate Property, contact David Howes at: davidATdavidhowesDOTnet OR call 70 2-50 1- 93 88

Thursday, August 1, 2013

+/-8% Cap Rate in Las Vegas Commercial Real Estate

A fellow RE Broker/Developer here in Las Vegas wants to sell a property he developed a few years back. He wants to cash out so he can use the money to complete another property he is working on.

So, this is for Principals Only!

A small retail center on a Section Line street corner is available for sale at $3.9 Million. He is asking an 8% Cap Rate -- which every investor knows is a great steal currently.

So, Principals, send me an email and I will forward the details to you.

The tease about the property is that it is +/-13,000 SF with a national credit tenant on a corporate lease as the anchor. There is also a regional gaming operator on a leasehold here, too. There is also a 4,500 SF portion that is currently being brought to a vanilla shell which is the value added part of this property.

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

This is NOT going to last long at all!

Wednesday, July 17, 2013

Client wants my help to Sell his Cabin Retreat Home above Las Vegas!

I must be doing something correct.

I do NOT Sell SFR's or Condos because in reality I do NOT have the patience.

And, even though I tried to sell a home a few years ago to another client, I do NOT have the correct subscriptions NOR the desired elements such as being a member of the local Realtor club!  (It's too expensive for my tastes!)

So, when a client of mine called me yesterday, I was expecting to be able to help him with one of his CRE buildings.

But, he cut me to the quick right from my Hello..! and straight out asked me for my help to sell his cabin home.

I reminded him that residential is NOT in my area of expertise. I reminded him that I was NOT a member of the MLS; nor, was I a Realtor.

His response startled me -- just for a second though.

He said he wanted me to try because I was the only broker he knew who has consistently shown to him that I don't quit!

Huh? I thought to myself. Sure, I advertise and market property to the masses. I work with a variety of people on different financial qualification levels. And, I always give my best effort even though there seems to be dire circumstances.

Oh! I guess that is what he is talking about.

He explained that his property was listed with a residential agent (who is very good at selling high priced homes). He was frustrated that the agent had taken the listing and during that listing time period, he felt, they had done very little in effort to sell the property.

(Now, I do NOT know anything about the agent's marketing or what they actually did to expose the cabin  home to the masses.)

Anyway, it will take me about a week or so to get everything in order since -- like I said above -- he cut me to the quick. But, check back in two weeks. By then, I should have everything together.

In the meantime, IF you are interested in the property: the cabin home is +/-5,600 SF, has 3 bedrooms and 2.5 baths, a four car garage, a +/-2,500 SF patio area and sits on +/-9 Acres of land. (It has enough land that you could even put in a heliport IF you want.

Lastly, the Client said he believes that this residential property is the highest freestanding house in all of Nevada elevation wise at +/-9,125 feet. AND, it has views of the City of Las Vegas AND Lake Mead!

The downside: it is about an hours drive up the Mountain from Las Vegas. And, the average temperature up there is about 30 degrees lower than in the Las Vegas Valley. So, IF the Las Vegas heat gets to you, a nice helicopter ride or an hour drive gets you to a place full of serenity, quiet and peace of mind.

The Client emailed me pictures of the property. So, IF this interests you, send me an email an I can reply with the pictures.

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

Saturday, June 29, 2013

Yes! I know which Las Vegas Resort Casinos are For Sale!

Having lived and worked here since 1995, I have learned a thing or two about how 'business' gets done in this particular neighborhood of the country called Las Vegas!

One thing: Las Vegas commercial real estate (CRE) requires that you build client base of Owners. So, in the 18 plus years working and living here, I have developed relationships with 'key' people who can help me help you.

Thus, this gives me an advantage that you need IF you are interested in acquiring a Las Vegas Resort Casino. Knowing who the 'key' person to approach requires an important decision on your part: Go it alone and see what happens; OR sign me up to help you get to those people.

Now, most Resorts in general do NOT like Real Estate Brokers at all. They think we are an unnecessary element that just gets in their way. I understand their plight. I have seen, first hand, other Real Estate Brokers  -- some from half way around the world -- way over-charge their Buyer clients simply because the Broker thinks the information about what is for sale, or even who to present offers to, is worth more than gold.

And, because those Brokers think they are special, that is the key to my success.

Yes. I know which Resort Casino properties are truly being considered for sale!

And, "Yes!" I know the 'key' people to contact at those properties.

And, unfortunately, just as the other Brokers, the key element involved requires you -- as the Buyer -- to compensate me. BUT, that is where the difference lies between me and them. I ask for a 1% commission fee. But, just as everything else in life, I am flexible.

Recently, a CA Broker told me that he has a Buyer from the South Pacific rim who wants to acquire a Las Vegas Resort Casino AND he is willing to pay him a ridiculously high fee demand of 3%!

I'm sorry. But, I do NOT know of any Buyer who is that ready, willing and able to pay a 3% fee on a $1 Billion dollar property. How much is that? $30 Million?!

Given that Resort Casino prices are mostly in the hundreds of millions, my charging 1% fee can be too much, too. So, I am willing to be compensated on a flat fee.

Now, please be aware of Broker Chains. This is where two or more Brokers want a piece of the commission pie simply because they learned that a buyer - such as yourself - has made in known that you want to Buy.  These Brokers feel that they are due a larger piece simply for only referring you to me -- which is usually too high. So, ask yourself: Is it truly worth their demand for more money just because they passed along a Buyer client's name or telephone number to me.

IF you did a little more research, you would have stumbled upon me.  Thus giving you access to the seller directly.

I truly do NOT want to be a apart of these broker chains.

However, IF you are truly interested in acquiring a Las Vegas Resort Casino property, please forgo the Broker chain, and sign with me directly as your Broker. And, "Yes!" that requires an officer of your corporation duly authorized to sign a Non Circumvent Commission Agreement that you will compensate me directly from Escrow upon the Close of Escrow or the Sale of the subject Resort Casino Property!

But, remember, I do know which Resort property(s) are actually for sale. Signing up with me to represent you doesn't mean a deal will get down. That could take time and effort on your part. And, of course, there are attorneys involved. But you will actually get closer to submitting an LOI or Offer to the correct person; which gets you closer to Resort Casino Ownership; which with my help -- and you compensating me a fee to represent you -- is a small price to pay for a Resort Casino property Ownership.

Lastly, ALL interested parties will have to disclose their financial capabilities to me. That way, I know upfront that you are able to complete a purchase prior to making an offer. And getting that LOI or Offer with the appropriate financial qualifying paperwork to the 'key' person, protects my reputation as a Real Estate Broker and will allow them to know that YOU are qualified to Buy.

I appreciate your patience and tolerance in the matter.

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

Saturday, June 22, 2013

David Howes Sells The Former Inka Restaurant Building in Las Vegas

Commercial Real Estate Broker, David Howes, has just Closed Escrow on the Sale of the former Inka Restaurant Building which sits on +/-1.34 acres in the west side neighborhood of Spring Valley.

The Buyer is a European Investor; the Seller is a Southern California Real Estate Agent -- who acquire the property via buying the Loan and then foreclosing on it.

The Sale was for $387,000 and escrow was right around 23 days.

David is currently marketing the property for potential tenants. The property still has most of the restaurant FF&E installed and will require the new owner to invest some money to bring it up to occupancy condition. However, the new owner is open to any qualified tenant or C-2 Business at this time.

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

Friday, June 21, 2013

David Howes Sells The Peter Pan Motel in Downtown Las Vegas!

This property has closed and was Sold to Tony Hsieh's Downtown Project for $2.8 Million.

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

Friday, May 31, 2013

Celebrities-Athletes Lose Earned Income from Schemes!

Earlier today, I was perusing a Gossip Web Site when I came across an item about a Hollywood Starlet who is (rumored) to be on the verge of having no money left because of bad investments and financial advice. Apparently, she and her husband were more anxious about get rich quick schemes than long term income investment property.

Here is the quote that made me think: "I should Blog this item:"

"But let's be honest here - sometimes the true winners are those who get OUT of Hollywood and earn their livings in other ways. One of the worst investments that athletes and stars fall for are restaurants and clubs. The money sharks run through your credit line with fake purchases for the business, then the restaurant closes, they have the celebrity's money and the celebrity has nothing to show for it."

Okay.  I live and work in Las Vegas. Many, many Athletes and Stars over the years have put money into these clubs and restaurants and they have been like a "flash in the pan." They lost it all.

And, the one common denominator is WHERE these clubs and restaurants WERE to be located: On the "Strip!"  And, what type of properties are located on this stretch of roadway: HIGH DOLLAR RENT Resort Casinos! Even us common people know that the "Strip" is packed with over priced properties when it comes to leasing.

Now, even though they think the club or restaurant business sounds like a well organized business plan, IF your monthly rent is too high, and the club and restaurant income is too low, you will lose everything in the process.  And, you will realize that: Too Late!

For years -- it seems like -- I have been marketing to Athletes and Stars that a National Credit Drug Store, or a National Credit Fast Food Restaurant, or even a smaller well located office or retail center in a well located commercial real estate corridor, are much better investments than the clubs or restaurants! Sure they are more conservative; and, they do NOT carry that initial flash that a Resort Casino would attract when announcing the Grand Opening!

But, IF the Athlete or Star had called me during their review process of that business plan; and they were to compare products and their history on whether or NOT to invest in a leasehold business at a High Dollar property; or a long term CRE investment where a National Credit Tenant pays YOU a monthly rent for ten to twenty years, it would have been obvious to them, that my advise would have made them money.  In those club and restaurant schemes, only one person makes money: The Landlord!

So why be a Tenant? When you can be the Landlord.

However, since Athletes and Celebrities do not have $500 Million plus, acquiring a Resort Casino to become that club or restaurant Landlord is out of their reach.

So, IF you Athletes and Celebrities really and truly want to earn long term income. AND, you understand that making money is a long term investment and NOT a flashy scheme, you need to acquire a CRE property that has a high income potential! And to start in that direction, all you have to do is: CALL ME!

There are several well placed CRE Properties in and around Las Vegas (some will require some property management) but if bought correctly, you will earn a respectable income. Unfortunately, acquiring these will NOT have the splash that accommodates most celebrity endorsed investments at Resorts.

Lastly, I seem to have grown to recognize just about when an Athlete or Celebrity is about to lose their hard earned money investing in Las Vegas!
It's when I see them on the red carpet getting their picture taken for an event at a Resort that they have invested in! (sic)

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

Sunday, May 26, 2013

Are All Las Vegas Commercial Real Estate Deals Gone?!

For those of you who have been subjected to my blog rants, here is the latest one!

For the last 3 to 4 years, I have been proclaiming that real estate investors should be calling me to get some of the best commercial real estate (CRE) deals in Las Vegas while they were deals!.

Unfortunately, the mainstream media has had your ear, and you have by-passed my proclamation in favor of the slanted media story line that Las Vegas was NOT the place to be investing.

Well, IF you listened to the media, you have missed the bottom. Las Vegas is on the road to recovery. And that -- my gullible friends -- means Las Vegas may still have deals in CRE, but you would now be obtaining property at the flipped prices.

For example: ALL of the PT Pub's I once proclaimed as 'steals' at a +/-8.5% Cap Rate are now priced at a higher +/-7% Cap Rate or lower.

Another example is the +/-7.5% Walgreen's prices that are now available For Sale at a +/-6% Cap Rate.

Do you see the picture? You are now looking at acquiring these good long term investments at a higher buying price. Thus, because you waited or were NOT privy to my proclamations, you are now losing a percentage of that return over the long-term than you would have IF you bought when I first said to -- say sometime in the last year or more.

So, are there still deals to be acquired in Las Vegas CRE? Of course. But, these deals will be more expensive and will need more TLC than you may have probably wanted to give them in the first place.

Is Las Vegas still the place to invest? Certainly. Aside from Downtown where the Re-development Project is supposed to happen, there are many parts that make up the Las Vegas CRE picture. There are properties that could be bought relatively cheaply and you will still make money long term.

So, will these same CRE properties be the steal they once were? I can NOT honestly say, "No!' Because, there will still be good solid CRE investments IF you call me now and buy them correctly.

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

Wednesday, May 8, 2013

5 Downtown Las Vegas Properties in Path of Zappos Leader's Re-Development

This is unusual for me.  I mostly fight OFF Flippers because they are just trying to take advantage of an unaware Seller. Buy their property as low as they can; then, Flip to an unaware Buyer for as much as you can.

But, in this case, all the Sellers know full well what they're property is worth. And, I have the amounts they are willing to accept in exchange for selling their properties to you. Then, you can re-sell these very same properties. And, there is truly only one buyer.

Just so you know, all of the properties are currently in the path of the Tony Hsieh led re-development project.

Three of these properties are currently surrounded by property owned by Tony's holding company; one is adjacent to a large apartment property they just recently acquired; and the fifth is in their re-development path -- according to Tony's brother.

If you are unaware, Tony Hsieh, CEO of Zappos, has acquired the former Las Vegas City Hall.  He intends to place his HQ here. His crew is actively acquiring property just to the east of this building and he is assembling parcels so that he can re-develop them into a downtown neighborhood style 'village' area for his employees to live and work.

He has also acquired a couple of office buildings so he can lease to technology based start-ups. These very same people will, also, need a close place to lay their heads down at night.

So, IF you want to see what I am talking about, email me and I will send you the property information.

How much could you make? That depends on you. Could you make $1 Million for holding property for a few months to a year? Nobody knows. But he will need these properties sometime in the future.

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

Wednesday, May 1, 2013

Tech Stock Investing verse CRE Investing

In the 1970's, I spent a few summers with my grandfather when he needed help working his cranberry bog on Cape Cod. One hot summer day, I noticed he kept looking at the homes being built on a side of Scargo Hill just above Scargo Lake. I wondered what he was looking at and asked.

He replied with a dissatisfied, "I Sold too soon."
Being 16 at the time, I did NOT understand.
He continued, saying, "I used to own that land.  But, I sold too soon.  I should have waited for the developers."

Then, in the 1980's, I moved to Los Angeles and worked in TV and Film production. I remember that the must have investment during this time were the upstart computer companies. They were all the rage. I watched as several of those companies did mange to survive and thrive and grow into the biggest companies in the world. But I also noticed that dozens -- maybe as many as hundreds of these start ups fell into bankruptcy, losing their investors millions of dollars.

During this time, I had bought several residential properties that I would "fix up" and then would in turn 'flip' the property at a profit making an okay amount of money. Then, I'd do it again.

Then, when I moved to Las Vegas in the 1990's, internet companies were all the rage. Again, I watched as several of those companies did manage to grow and become computer internet search industry leaders.  Then, again, there were dozens -- maybe as many as hundreds of these start ups that fell into bankruptcy losing their investors millions of dollars.

But, during the early 2000's, tech stocks still came and went with little fanfare. There was a war against terrorism and the housing market was growing rapidly. And, Las Vegas real estate caught on fire.

However, I stayed away from the Las Vegas real estate growing market because I felt that something was wrong.  Call it a gut feeling.  But, when several of my fellow RE Brokers were excited about the 100% financing on "stated income" loans that Wall Street couldn't get enough of as can't lose propositions, I felt I had made the wrong decision to stay out.

But soon the market changed.  Buyers were no longer qualified to acquire the over priced properties.  And, as time ticked into the future, these very same brokers that were buying real estate; trying to lease up, fix, and flip them at a higher than normal return were going broke.

You see, I felt that it was impossible for a normal 3% ROI in real estate -- that we had for 40 to 50 years -- to suddenly blossomed to 20% ROI in the course of a few years. Of course, some of these investors did make money. But most -- dozens that I can think of out of the maybe tens of thousands that tried to ride this false economic wave -- went flat broke in 2008 when the stock market collapsed. Some of these RE Brokers are no longer in the business.

The rest of us survivors, who were more cautious with our investing, are still here working diligently.

Sure, tech stocks can make you a lot of money.  But, as I learned from my grandfather, real estate is where the smart money is.  And, the real wealthy real estate investors are buying up net leased properties right here in Las Vegas because they know that investing in real estate has a certain element to it known as equity that will out last any stock -- especially since stocks are more vulnerable to losing your hard earned money.

IF a real estate property is acquired correctly, that property should make a lot of money over the years with the consistent rental income.

True, a market crash affects everything. But, even during a crash, the correctly bought rental property income still gets paid. And, you as the property owner, still has income being deposited into your bank account.  It is income that should stay steady even during trying times.

Unfortunately, Tech Stocks don't pay a regular monthly income. You buy it for the proposed dividends and promised stock value increase. AND, you ONLY get this IF the company becomes profitable and the stock increases in value. And, if the value of the company goes down, so does the stock value. And then, where is your dividend? It certainly is NOT paying you a regular monthly income. So, recouping your initial investment is like a tech stock, virtually gone.

And what would you rather have? A valueless busted stock? Or real estate that you "own" and control.  AND, it should over time accumulate equity -- in a normal fashion.

CRE is like a destiny. Its overall value might lower during bad economic times, but YOU STILL OWN IT. It will still be worth something as we move into the future.

And, just like my grandfather had surmised forty years ago, while you wait for the developers, you continue to earn equity.

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

Saturday, April 20, 2013

Few Women Invest in Commercial Real Estate!

It makes me wonder why very few woman invest in Commercial Real Estate (CRE). Essentially, it is one of the easiest parts of Real Estate that you could get involved in. I will admit buying and owning a home is really easy. But, in investment real estate, one of the easiest to own and maintain is a Net Leased Investment. Or, as they are more commonly known as Passive Real Estate Investments.

And as I was investigating another topic, I ran across this article published by NuWire Investments in 2008.  Please spend a few minutes reading this. The column speaks volumes for those of you (women) who would like to do this but just need a place to start.

"Women Investing in Real Estate
Tips and strategies for women who are beginners in real estate investing

Published on: Tuesday, January 22, 2008
Written by: Trista Winnie

There are women all over the country who would like to become real estate investors but many don't know how to start. Some lack knowledge; some, aware that they lack the necessary knowledge, in turn lack confidence. Where should women who want to get started investing in real estate begin?
The internet is a good place for them to turn.
Women who want to begin investing in real estate can learn some of the basics of investing in real estate by reading educational materials online, and they can develop a familiarity with the topic by reading about current events and trends in the real estate market.
Lack of knowledge is not the only thing that keeps some women from becoming real estate investors; fear is also a contributing factor, Charita Cadenhead, founder of Bham WIire (Birmingham Women Investing in Real Estate), a group for women interested in real estate investing, said. "They're afraid of losing money, they're afraid of not making the right decisions...and credit issues are also involved." In addition, Cadenhead said, "they don't know how to get started."

Real estate investment clubs
Providing women with industry contacts and education, real estate investment clubs are a good place to start. Dawn Jordan-Wells, a broker/associate for Hodge Homes, said she recommended that women interested in investing in real estate do a simple internet search for "real estate investing" to find local investment groups to start attending.
"Finding other women to network with was beneficial," Jordan-Wells said.
Real estate investment clubs exist in many incarnations; some are larger and more formal than others. The National Real Estate Investment Association (NREIA) has about 40,000 members in its 230 Real Estate Investment Association (REIA) chapters nationwide, according to its website.

REIAs can expand an investor's knowledge and network
Women interested in investing in real estate, and those who are already doing so, "should get into a REIA so they can get a pulse on the market," Lisa Moren-Bromma, author of Wise Women Invest in Real Estate and Real Estate Investing for the Utterly Confused and president of The Entrust Group, said. Additional benefits of joining a REIA, according to Moren-Bromma, include access to educational offerings and details about legislation that could impact real estate investors. By joining a REIA, real estate investors "are going to have up-to-date information, not just on the markets, but also on the law."
Cadenhead said women interested in investing in real estate should "join those clubs [and] sit in on some of the meetings. They have great guest speakers."
Those new to real estate investing should exercise caution, however, and carefully evaluate what guest speakers say rather than simply taking their words at face value. In some cases, speakers at local REIAs try to sell something to the audience, Moren-Bromma said; new members should "just be aware. Be there to learn, and to network with other people who have been doing this a while," she said.
"I would urge women to be extremely careful in [whom] they elect to give their money to," she said.
In addition to REIA chapters, there are also smaller and less formal investment groups. Jordan-Wells said the website has allowed her to meet and interact with other investors and those who are interested in investing. She posted an event on the website last August, and now attendance at her monthly meetings about investing has increased from an average of five people to an average of 15 people, she said.
"I'm hoping to grow that," she said. The attendees are mostly women, Jordan-Wells said, and "we just share information and we're more comfortable because, you know, we have that common bond."
Cadenhead also used to reach out to women in the real estate investment world, and Bham WIire has grown from that, she said.
In addition to investment clubs specifically pertaining to real estate, "I would strongly recommend also looking for support from a general business perspective at NAWBO, the National Association of Women Business Owners," Moren-Bromma said. "They'll get a lot of support from a business owner's perspective and from women in their own area."

No matter what type of real estate or general investment clubs women seeking to become real estate investors choose to join, such groups can provide them with crucial opportunities for networking, education and support.
"The greatest key is knowledge," Cadenhead said, and women new to real estate investing can benefit from "being around other people who do invest to learn the process from those people."
Learning from and working with other women who are experienced real estate investors can also be a good way to gain confidence. Moren-Bromma said she recommended that beginning investors "work with somebody with some experience in real estate investing—get your feet wet a little bit before you go out on your own."

Learning from more experienced investors builds confidence for many women
At real estate investment clubs, "there are real estate agents and other investors there for them to network with, there are lenders, there are contractors," Cadenhead said.
"Everybody who's related to the real estate industry can be found right they can form their own network there to get them ready for real estate investing," Moren-Bromma said. After joining a group, women should "put a business plan, or a marketing plan, or a road map together—their checklist of things that they need to do in order to become successful," she said.
Moren-Bromma also said she recommended that women put together a team of experts to work with when investing. "You have your financial team: your accountant, your attorney, a property manager if you're buying to hold property for the long term...people that can assist you and be part of your team so that when you go out to identify and find a deal, nothing is going to stand in the way if the deal makes sense. You've got your people, your money—all your ducks in a row."
"If a woman does that, she's going to be very successful in real estate."

Strategies for women
Considering the credit crunch underway across the country, combined with the potential recession, many women who are interested in becoming real estate investors hesitate because they are nervous about money. More precisely, they are worried about not having enough money to be able to invest in real estate.
"I think [women] think that they need to have a lot of capital up front," Jordan-Wells said. "Or their credit may be bad and they don't think they can get started because of that, either."
Cadenhead said that investors will need some money up front. "It's going to take a little money to get started," she said. "Six to eight months ago, an investor could buy a property with no money down and get it financed for 100 percent. With all the foreclosures going on across the country, that kind of put a thorn in that, and so now [real estate investors need] to come up with money," Cadenhead said. "Whether that's 10 percent or 20 percent, a lot of them just don't have it."
Fortunately, for women just starting out, "There's a lot of different creative strategies, like lease options, that they could do to get into a property," Moren-Bromma said.
Buying pre-foreclosures or foreclosures is another strategy that may suit women in particular well for a variety of reasons. While foreclosure properties tend to be more affordable, they typically must be purchased with cash up front. Pre-foreclosures would be a better option for people without a lot of cash on hand.
Another reason is that, because in many cases women are more nurturing than men, a woman "may be able to talk with homeowners who are in [pre-foreclosure] and get them to let [her] purchase a house below market [price] compared to a man approaching them to do that," Jordan-Wells said.
Cadenhead also said the foreclosure market is a place in which many women investing in real estate could find their niche. "I think women will play a major role in their commitment to revitalize areas hardest hit by foreclosures," she said. "Members of my group, Bham WIire, have made a commitment to buying and rehabbing houses in these areas and then sharing equity with properties that they sell. And by doing this, homes become more affordable....We take a little less profit for it, but something has got to stimulate home sales again, particularly in these areas."

Women can utilize their strengths in forming relationships in business
Such a strategy allows the investors to profit not just from the revitalization of a particular property, but from the revitalization of a particular area. Such dedication to a community can improve an area's economic outlook. Cadenhead said this type of investment is well suited to women because "a great advantage that women hold over men is compassion, and empathy."

"[Women] are relationship people," Cadenhead said. "We're good at establishing a relationship, we're good at earning trust, and so people want to do business with us. It becomes a lot easier for us to develop a good reputation for delivering a quality product. This is a tremendous advantage [for] women, particularly when it comes to rehabbing property."
Jordan-Wells said she recommended that women who lack experience with do-it-yourself home projects attend classes, such as those offered by hardware and home improvement stores, to learn the basics. Then, if someday they are looking at investing in a property that may require some work, they can make the right decisions about the deal. Do-it-yourself skills could be particularly useful for women who want to rehab properties.
Negotiating can be another important skill for women to concentrate on learning. "[Women should] learn better negotiation skills," Cadenhead said. "Acquire that skill and take control."
Cadenhead said she doesn't think that women are at any inherent disadvantage when it comes to investing in real estate. "I think the major disadvantage is probably internal," she said. "Women only feel that they lack the power and authority. They feel like they can't do it because investing is a male-dominated field."
Moren-Bromma also said that women investing in real estate are not less likely to be successful solely because they are women. "It’s not that it's difficult, it's that women tend not to have the confidence," she said. "Somebody who's persistent and somebody who believes in themselves, whether male or female, will do just fine."

Interesting, isn't it?

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

Thursday, April 18, 2013

Bank Lawyers Screwing Up an Easy CRE Transaction

First: I love Lawyers!  My Real Estate office is inside of a Las Vegas Law Firm.

Second: One of the partners of this firm referred one of her clients to me to help them locate a suitable "new" Office location that they could purchase rather than lease.

Now this!

I wrote a purchase agreement for an REO property in the NW of the Las Vegas Valley. Since the Buyer is the lawyer's client, I had her negotiate the Purchase Agreement. She did keep me in the loop and to my surprise, the purchase agreement negotiations took 70 days!

Now, in defense of the Buyer's Lawyer, this length of negotiation put us behind the timeline for the client's lease termination date.  From the beginning -- and the Buyer's Lawyer did a great job getting replies and responses back to the bank's lawyers -- the Bank's Lawyer's couldn't care less about the Buyer's need for speed.  So, the Bank Lawyers' took their sweet time and did NOT work fast at all.

That leads me to this part of the timeline where the Buyer has to decide IF they will continue on with the transaction; OR, cancel the current escrow so they do NOT lose the Earnest Money Deposit of $10,000.00.  And, that feasibility date is TODAY!

This AM, I get a call from the Buyer's Lawyer.  She just found out that the Parcel Map needs more time to move forward.  Apparently, the Title Commitment can NOT be issued without the Parcel Map, the SBA Loan can NOT be funded without the Parcel Map, and the Parcel Map can NOT be approved by the City of Las Vegas simply because the Ownership Entity on the Purchase Agreement is NOT correct! What?

That's right. When I first submitted our Purchase Agreement to the Seller, I put the ownership entity name that is recorded with Clark County.  When they countered and we began going back and forth, the Buyer's lawyer and I assumed the Seller knew the correct name that they hold title to for the land.

Well, since the ownership name recorded with Clark County is different than the name the Seller put on the Purchase Agreement, technically we do NOT have an executed agreement to buy this particular parcel of land.

Unbelievable!  The Seller Bank doesn't even know the ownership name of the only property they have here in Las Vegas, NV.

So, now, we have to spend the majority of today getting this figured out.  And when working with a large bank who's lawyers truly don't care, it is problematic.

I will follow up with an update as soon as I find out how this is resolved.

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

Tuesday, April 16, 2013

The Internet will kill Real Estate Broker/Agent Jobs

Okay, I know that is a harsh headline. But, think about it.

In the last 20 years, how many jobs are now gone or have been replaced completely by a computer. One I think of immediately, are the toll booth collectors at the Golden Gate Bridge.

So, lets say we looked ahead by a dozen -- even 20 -- years and discovered a wide variety of jobs simply have vanished off the earth over the course of that span. Can you predict which jobs will be most definitely gone? And, how many jobs will be extinct in 10 years? 20 years?

That is why I do believe that the position of a Real Estate Broker/Agent will have dissolved completely down to maybe a hand full or even completely gone altogether. And, I believe this will happen in 20 years.

In the last 35 to 40 years, since computers were introduced in the 1970's -- and especially since personal computers in the early 1980's -- just how many jobs are now and forever extinct?  IF you think about it, there are quite a few.

Robots have taken over most manufacturing/assembly jobs. Computers are also the ones spinning numbers, too. I do NOT like doing my own taxes myself. I have always depended on a tax professional handling that. But, in the future, that just might be what even I have to do.

And computers for accounting firms and other related financial industries are finding that computers -- IF programmed correctly, will go forward uninhibited forever.

And, as we speak, computers are already putting out more and more movies. Even actors will never have a chance to grace the big screen again with their smiles. What movie producers want will be CG stars that they  control and will never, ever have to pay them a single cent in royalties again as actors will have their job and voices taken over by a  computer generated personality.

Police have grown used to computers helping them solve crimes. IF these computers get any better, career criminals are domed. And there will be even less need for a patrolman. You will be caught on video somewhere. So, no one will ever be able to get away with anything at all, at any time because the computer doesn't need any down time.

The only good thing is in 20 years, hopefully, I have saved enough money; invested enough in Real Estate, that I can live comfortably for the rest of my life on the monthly rents I receive.

It's sad, but is going to happen.

So, before that all happens, let's get you into a nice real estate property that will help you earn money money well into the future.

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

Sunday, April 7, 2013

Yesterday, while talking to a Realtor...

As most of you know, I am NOT a Realtor (I guess I am supposed to insert a copy-write symbol here. But, I don't know how.)  By the way: A Realtor is a member of the National Association of Realtors.

Anyway, the Realtor asked me WHY? I don't hang my license with a large, national, real estate company.  He said that I would get more business, thus I'd make more money, being with a national firm.

Fortunately, I did have my Real Estate Broker's license hung with a large national firm at one time. I did learn a lot about CRE during this period. BUT, I told him I was weary of only receiving about 35% of the earned commission fee when I was doing 90% of the work.

Now, there's no need for me to bash national real estate companies, so I will let the following experiences I have had be your guide to your own judgement of me.

While at this national firm, I was once called by a secretary there, "The hardest working broker she ever saw that earned so little money."

That sounds really bad, doesn't it?

But it was true. I grew up knowing that IF you went the extra mile for a client, your effort was always noticed by the right people.

So, as an example, a large national apartment company executive once said to me just off the cuff while discussing Las Vegas apartment locations, "David, you are the baseball player that runs out the ground ball to second!" Really? Me? I don't even like baseball. (I know I am a sick puppy of a man.)

Another example, is a local Las Vegas convenience store owner who said to me, "I picked you to sell my under performing stores because you are the only real estate broker who didn't lie to me."

(At first, I thought he was joking?) Then, I remembered that during the listing appointment, I wondered why he was asking me questions that I thought he should have known the answers to.)

Then, there is the largest real estate deal I have ever been involved in: Konami Gaming.

I received a call from the HR VP of the local office. She asked that I come over to discuss Konami's plan to move to a larger location. After an initial meeting with the local office President, my next meeting -- to my surprise -- was with the Konami Gaming CEO.

We started out to look at buildings in only one area in particular just south of McCarran International Airport. And as we drove, we "looked" at various buildings. I soon got the impression he had already seen these before -- at least from the outside.

I did end up -- the last building on my list which he had NOT seen -- showing him my only listing in the area.  And, while on the way to the building, I asked him IF Feng Shui was going to be in integral part of his decision making process.

He looked at me incredulously. I felt doomed. (I thought I had just blown the deal because he was Japanese and Feng Shui is Chinese.) To my relief, he said yes. And asked me IF I had knowledge of Feng Shui? I told him I only had a limited knowledge of it and I told him the little that I could remember.

As we toured my listed building, he took note of the items about the building that were NOT Feng Shui.

Later, after our viewings were complete, and I was driving him back to his Las Vegas office, empty handed, the Konami CEO said that out of the six brokers he drove with to look at property, I was the only RE Broker to ask him the Feng Shui question. I now knew he was impressed with me.

And since I felt like I didn't find an appropriate building for him, I stopped on a vacant parcel that fronted Sunset Road and Bermuda. This parcel was large enough for a +/-115,000 SF building; and, only a tree lined street obstructive the view of McCarran International Airport. This is when I asked the CEO IF building his own building to his specifications would be a more economic alternative for him. Looking at the view, he replied he'd talk to his board.

It only seems now like it was a few days afterwards when the HR VP called me and said the CEO was impressed with me, my knowledge and my suggestion to him. She was calling to arrange our next meet when he returned to Las Vegas from Tokyo so we could start the paperwork for a Build to Suit For Lease.

Long story short (Too Late?), that's what they did.  (Recently, they enacted the Purchase Clause in the lease and they now own the property.

So, IF you don't know me, I may seem aggressive. IF you do know me, I may seem bossy. AND, I really do NOT like baseball. (Boring.)

But, as the previous secretary said, I try way too hard for my clients for them to NOT work with me.  And IF you don't work with me, you will never know just how hard I really do work for my client's business.

And if you do decide to let me work for you, you will find out why I don't want to be just one of many when I stand out so well on my own. AND, I do NOT need the (artificial) backing of a national real estate firm to be successful.

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

Friday, April 5, 2013

Las Vegas Commercial Real Estate Market is Barking Loudly!

I spent a pleasant five days in San Francisco with my in-laws on Angel Island.  (Magnificent Place!)

And, I came to realize that the homes in Tiburon are way too old for the price that is being paid for them. (Yes. Some have a view of San Francisco across the bay.)

And since they are old and need so much money to repair and update them to today's electric standards, instead of buying that home with your money, buy a CRE property here in Las Vegas first -- so that will help you pay for the updates your desired home will need once you do buy.

I can find you a very, good CRE property in Las Vegas, that would aid in your attempt to live lavishly just north of San Francisco in a house built about 100 years ago.

Now, the house we stayed in was nice -- but really, really old -- as my daughter put it.

And, I know of one person who owns CRE property in Las Vegas that lives right in Tiburon, CA.

Now for the pitch: IF these Property owners are making money owning Las Vegas property, AND, they also make money just doing what they do, they are more than able to afford to spend as much money as they want fixing up their 100 year "old" home.

So, think about it. Las Vegas is like a barking dog: It's bark is worse than its bite!  So, step up, contact me and left me know how I can help you (at least try to) live lavishly in an old home north of San Francisco. OR, wherever you may be living.

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

Monday, March 25, 2013

Celeb Marriage left Wife $4M in Debt

(This Story is Re-printed from MSN Money 3-25-13)

(This will happen to most people who earn large amounts of money in a short time. And, unfortunately, Celebrities who go from poor to rich (almost) overnight will spend that fast earned Income frivolously.  AND, they are just one of many groups of people who will do this and end up broke. I have been stating for a while now that a solid CRE income property could be a long term steady income.)

"After the bottom falls out of her lavish lifestyle, one woman learns to manage money responsibly -- for herself and her sons.

‘I will never forget the moment that my soon-to-be ex-husband and I sat in our mediator's office as he illustrated our finances on a chalkboard.’ - Author

"There really aren't any assets," he told us. But there was $4 million of debt -- from bad investments, lawsuits and failed business deals that I knew nothing about.
I left the room sobbing, feeling like I'd been punched in the stomach. How could I not have known that we owed so much? How -- over the 14 years that we'd been together, and through the birth of two sons -- had I been so unaware?

Financially blind -- over love

I met my ex-husband when I was just 25 years old. He walked into a New York City gallery where I was working, and I recognized him immediately: He was a famous comedian (I can't disclose his name for legal reasons) who was then at the peak of his career.

My life changed overnight: We went hot-air ballooning in Italy, on a safari in Africa and out every night in his limousine for extravagant dinners. You name it, we did it. And when he decided to move to Aspen a few years into our relationship, I gave up my job to join him.

But our romance had one caveat: I would never have a say in the finances. Since I believed we would be forever, it was never an issue. Plus, he didn't handle the money, either. His businesspeople did, while he spent whatever he pleased. He had monthly meetings with his business manager, who'd offer advice, but then my ex would just go down his own path. He refused to listen to anything about saving or budgeting, figuring that since he was earning the money, no one was going to tell him what to do with it.

We didn't marry for 12 years, but as soon as we did, things began to go south -- primarily because of finances.

My ex had extreme control issues around money that stemmed from a rough childhood. His parents were poor, and he helped to support them from a young age. Because of this, he always needed to "feel rich." For him, this meant eating out constantly and carrying around rolls of $100 bills. On a trip to Florence, he once took me into a high-end clothing store and said, "You have 15 minutes to get anything you want." I remember standing in the dressing room as a clerk threw clothing over the door for me to try on as fast as possible.

How we reached the breaking point

As my ex-husband got older, his career started to level off -- he was headlining fewer shows and bringing in less money. We'd scaled back the way we lived to some degree, but then the credit cards started being declined. I'd call our business manager and hear things like, "Hopefully there will be money next month."

After enough of these calls, I finally woke up to the fact that I was in my late 30s -- with two small children, no savings, no retirement plan and a husband whose career was clearly going downhill. I started to freak out and ask questions: How were we providing for our sons? Did we have retirement accounts? I broke the rule and insisted on being involved in our finances. Not only did he refuse to discuss it, but he also refused any kind of counseling.

When I left, he felt personally betrayed, which translated into a very contentious divorce. I got a minimal amount of child support, plus alimony for one year, since we were technically married for only two. There were no assets, and due to the unmanageable debt, both of us were urged to declare bankruptcy. Because California law splits a couple's assets and debts 50-50, I inherited a decade's worth of debt after just a little over a year of marriage. I remember my ex's creditors constantly calling before I filed, looking for payments I couldn't afford.

I went from a life of excess to saving every penny I earned from selling my own artwork. When my sons were bored, I said, "No movies, but we can make a cool fort out of cardboard boxes!"

At the same time, I was trying to recover from declaring bankruptcy. Luckily, I'd rented my new home before the filing went through. And thank goodness I also had a car because my destroyed credit made it impossible to get a loan or a credit card with a reasonable rate. I never wanted to use them again anyway. (My credit is now in the low 700's, and it took years to build back up to that number.)

Though I had a place to live, I had no resources to furnish it -- or replace all of the things that were full of memories from my marriage. I didn't want to sleep on the sheets we'd shared, but I couldn't afford to replace them. So I dyed them to make them look "new."

One day, I happened to dye a piece of suede, which turned out beautiful. I borrowed $100 from my parents, bought and dyed pieces of suede from the local leather shop, and then hand-stitched them together to make shawls. When a friend who owned a shop in a mall saw them, she said, "These aren't shawls -- you're making skirts, and I'd like two dozen for the store."

Before I knew it, I was dressing celebrities like Farrah Fawcett and Bonnie Raitt, and selling my creations in upmarket stores in major cities, the kind of boutiques I'd shopped in when I had money.

I quickly needed a larger space to run my business, so I took $10,000 from an art sale and borrowed another $10,000 from my parents. I knew nothing about managing a business, so I brought in a partner to handle the finances -- at least that's what I thought she'd do. It had taken me only three months to get "angel investor" funding -- and within 12, the money was gone. I was so busy with my creative role, on top of being a single mom, that I didn't pay close enough attention to what my partner was doing. It was clearly my mistake.

If I had to pick a low point, this was it. My marriage was over, my business had failed, and I was completely broke. There were weeks when I was so paralyzed with fear that I couldn't get out of bed. I couldn't figure out how I'd messed up my life so badly.
Looking back, I know exactly how it happened: My parents never taught me about money, and while I had graduated college, I hadn't been required to take business classes. But hitting bottom was actually a huge blessing because it made me realize something: With my life stripped down to nothing, I really had everything -- my sons, my health and myself. Eventually, with emotional support from my parents and friends, I began to forgive myself.

How I finally turned my life around

I had finally wised up. I was on a mission for financial stability. I got a job in marketing -- and got serious about budgeting.

I worked with an attorney to finally get my business accounts in order -- everything from contracts to trademarks and licensing deals. More importantly, he pushed me into taking a lot of it on myself, so that I could pursue projects as a fully engaged, responsible grown-up.

I also discovered the Women's Institute for Financial Education (WIFE). My CPA had recommended checking them out, and when I saw their slogan -- "A Man Is Not a Financial Plan" -- I had to know them.

Besides basics like budgeting, WIFE has taught me to plan for the future and depend on myself. I learned the hard way that you need to save, plan ahead and create a stable foundation in order to have the freedom to be entrepreneurial -- and successful.

Today, my approach to money today is on steroids. I love knowing where every cent is, and I'm proud of the way I educate my kids to be financially savvy. I now have emergency funds, insurance for the future and retirement accounts. Now, instead of avoiding bills, I actually get excited when my bank statements hit my inbox.

It's a long way from being $4 million in debt."

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

Monday, March 18, 2013

Investing? Stocks or Real Estate? Who really knows?

In the past few months, I have watched Real Estate stocks going slightly up and it makes me wonder:  Where are these stocks really heading?

To me, investing in stocks has always been a losing proposition. I once had a substantial amount of money in mutual funds, bonds, stocks, etc. And, since that was about the time the economy took a dive, I lost basically 50% of the value.  I tried to wait for it to return, but, it only seemed to get to about 80% of the pre-crash value when I had to cash out for business operational purposes.

And, since, I really have never had an understand of how to invest in stocks, (I also did the e trade thing, too), I am very gun shy at going back into stocks again. To me, stocks have always had a reputation of being volatile. Their up and down value change -- even in good economic times -- makes this investment strategy too uneasy for me to stomach.

So, since my family's experience in Real Estate ownership goes all the way back to the Pilgrims, I feel more comfortable having my money invested in Real Estate. I will just say that real estate ownership has been well within my comfort zone for a long, long time.

And, since 2/3rd's of all US billionaires have made their billions in real estate, that's another reason why I feel the most comfortable in this industry.

So, when I read that Wall Street is buying stocks in Real Estate Companies, I got a little unnerved that Wall Street might screw the Real Estate market again. (The de-regulating of Wall Street was a bad idea!)

Also, recently, I have been researching various properties to acquire. A Local Realtor told me that residential investors are just buying up vacant Las Vegas SFR properties.  He said, these home investors are just buying them and they plan to just sit on them. He said they weren't even going to fix them up. They are going to wait for the Las Vegas Real Estate market to turn, then they plan to sell then as fixer uppers. Hmmm!

So, should you as an investor acquire stocks? OR, acquire a well located real estate property that is leased by a top national credit tenant in the form of a net leased income property that actually pays you cash once a month?

To be honest. either way you could lose.

Now, I consider myself an educated person. And even though I may be educated, stocks are still more like a 90/10 risk to me. (There is a 90% chance I will lose my money.)  Real Estate traditionally grows by +/-3% a year.

And since I know so much more about Real Estate than stocks, I know that I could earn a very good monthly income from real estate rather than a paper equity from stocks. So, to me even IF Real Estate was only a 50/50 risk, it is more inline and acceptable to me.  Especially, IF you own the real estate Free and Clear.

And, Real Estate has always had that tangible asset about it that you can touch and feel it to know it is real.

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

Sunday, March 17, 2013

UPDATE! Las Vegas Resort Casino Back on Market!

With Boyd Gaming selling their 87 acre Echelon parcel -- which I believe they could have gotten a lot more money for -- there are only two large Resort parcels remaining that has the ability to develop and/or build on to their sites.

So, those of you who are qualified and interested, one of the two Las Vegas Resort Casino Properties is developed and may be available later this year with a potential selling priced of +/- $500 Million-- according to my Resort contact. The other is H-2 Resort property that could be acquire at +/-$4 Million an acre.

So, IF you are qualified and interested in pursuing either Resort opportunity, you must sign the Non Circumvent, Confidentiality and Commission Agreement that is located at the Las Vegas Casino Information button in the right column.

Property details will NOT be offered to you unless you have signed the above form.

Also, IF these are too pricey for your company, there is a smaller local 'casino' property quietly available that will run you +/-$5 Million. Even though it is +/- 5,500 SF, it still has the "Unrestricted Gaming" entitlement  because of the grandfather clause. However, you will still need to provide qualifying information to move forward.

AND, lastly, there are still several "tavern" sports bar properties available that are NNN Investment properties!  Click on the PT's button to the right for details!

I appreciate you patience in this and hope to be able to bring you other Resort Properties in the next few months.

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

Friday, March 8, 2013

Real Estate Brokers who Claim Federal Loan Programs as Unsuccessful should NOT be working in Real Estate!

First off: I do NOT work in the Residential side of Real Estate.

Second: RE Brokers who do NOT understand the benefits of said Federal Loan Programs should NOT be in Real Estate!

There, I said it.

Lately, I have been annoyed by local Brokers/Agents who claim the 2008 economic collapse was from the unsuccessful Federal Loan Programs such as: Fannie Mae, Freddie Mac, FHA and VA Loans.

I am amazed at how uninformed said RE Brokers/Agents are of these programs that have and still do benefit their industry successfully over the years.

Fannie Mae was established in 1938 because there was no national standard for banks to lend. Each bank had their own loan guidelines; and they portfolio-ed ALL their loans from initial payment to the last. FDR realized that there was a need to free up this financial restriction on the banks so that they would have more money to make more loans to more borrowers, thus enabling the banks to make more money for their depositors and the bank itself.

So, IF the bank wrote a loan up to the Fannie Mas guidelines and once funded, the bank could then sell the loan to Fannie Mae. This would pay the bank off for the loan at a profit and the bank could make more loans.

AND, Fannie Mae would earn the interest from the loan by holding it over time so that allowed Fannie Mae to be (one of) the most profitable agencies of the Federal Government through the years. And, because banks were re-leaved of the portfolio part, IF the borrower did defaulted, it was then Fannie Mae's responsibility to foreclose. This aspect helped the Banks PR-wise because during the depression, it was the banks that were the bad guys! If a borrower defaulted, the local bank had the unfortunate duty to take property away from those borrowers - who were most likely depositors, too.

So, once the loan was Fannie Mae's responsibility, the bank was off the hook.

Freddie Mac, which was started in 1968, works with mortgage lenders to help people get lower housing costs and better access to home financing. Hmm! This sounds as if this benefits the bank or financial institution that funds the loan, and it helps the residential real estate industry, too, doesn't it? So, if there is a default, the Federal Government takes the risk. (Pst! Through the years, during 'normal' real estate times, Freddie Mac also made the Federal Government a profit! But, Pst! Don't tell anyone this. Especially a real estate agent broker! It's a secret.)

As for FHA, this loan is a mortgage loan that is insured by the Federal Housing Administration (FHA). Essentially, the federal government insures loans for FHA-approved lenders in order to reduce their risk of loss if a borrower defaults on their mortgage payments that are part of their portfolio. It also provided easier guidelines so that the bank or financial institution could make money funding the loan and IF there was a default, HUD guaranteed the loan for the lender. (Pst! This program also made the Federal Government and the lenders a profit! And, it helped RE agents/brokers make more money because the borrower could save money by putting a smaller amount of money down. But, please don't tell anyone this. It's a secret, too!)

Lastly, VA Loans are just as they sound. When WWII soldiers came home, there was a great appetite from these veteran soldiers to start a family and buy real estate. Since they had spent the previous years fighting tyranny in Europe, the Federal Government passed this loan program as part of the VA Benefits that allowed veterans to buy houses at "0" Down and their closing costs were limited. Hmm? This loan program was so successful, it was the primary reason for the successful boom that continued well into the late 1970's.

And, as you can see, these Federal Loan Programs essentially helped create the real estate industry.

So, IF you hear a RE Broker or Agent complaining about Federal Loan programs as unsuccessful; OR, that these loan programs caused the economic collapse in 2008, my suggestion to you is: find another, more informed broker or agent to help you buy or sell your real estate property. I strongly suggest this because a broker or agent who doesn't understand these programs that have not only benefited home buyers and sellers, but have helped brokers and agents alike make money through the years, they really and truly should NOT be working in real estate.

Well, that's my two cents! I am glad to help you understand loan programs that help all in the real estate industry. Now, let's put the blame for the 2008 economic collapse where it belongs: Wall Street!

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