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