The article link below finally is giving attention to what I have been saying. Developers and builders need to pay more attention to downtown Las Vegas because that is where the area growth potential is.
I have six properties listed that could be acquired and then torn down to make room for further development or building expansion.
The problem I have been running into is 'flippers.' They want to buy at pennies on the dollar and then flip to Tony and make an obscene profit. I have attracted many of my listings vowing to NOT let that happen to my clients. Thus, the higher than usual listed prices.
However, I can vouch for the prices because Tony's Crew has acquired property through me at those very same high prices.
Ferguson's Motel SOLD for $5 million
Pete Pan Motel SOLD for $2.8 Million
A Duplex on 11th Street just closed escrow for $500,000!
Of course several properties have SOLD for less. BUT, the Buyer was Tony's Crew.
Now, the Las Vegas Sun is starting to see the next step that I have been saying for at least two years. (Copy and pasted the link in your browser)
http://www.vegasinc.com/business/2014/jan/13/clean-slate-reinvent-downtown-las-vegas/
IF more developers and builders would step up, the profit potential of downtown redevelopment would expand and explode. It just is going to take a little more time than usual.
For more Information about any Las Vegas Commercial Investment Real Estate Property, contact David Howes at: davidATdavidhowesDOTnet OR call 70 25 01 93 88 and you can follow David on Twitter: @DavidAHowes
I have six properties listed that could be acquired and then torn down to make room for further development or building expansion.
The problem I have been running into is 'flippers.' They want to buy at pennies on the dollar and then flip to Tony and make an obscene profit. I have attracted many of my listings vowing to NOT let that happen to my clients. Thus, the higher than usual listed prices.
However, I can vouch for the prices because Tony's Crew has acquired property through me at those very same high prices.
Ferguson's Motel SOLD for $5 million
Pete Pan Motel SOLD for $2.8 Million
A Duplex on 11th Street just closed escrow for $500,000!
Of course several properties have SOLD for less. BUT, the Buyer was Tony's Crew.
Now, the Las Vegas Sun is starting to see the next step that I have been saying for at least two years. (Copy and pasted the link in your browser)
http://www.vegasinc.com/business/2014/jan/13/clean-slate-reinvent-downtown-las-vegas/
IF more developers and builders would step up, the profit potential of downtown redevelopment would expand and explode. It just is going to take a little more time than usual.
For more Information about any Las Vegas Commercial Investment Real Estate Property, contact David Howes at: davidATdavidhowesDOTnet OR call 70 25 01 93 88 and you can follow David on Twitter: @DavidAHowes
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