Sunday, December 24, 2017

Red Sky at Night, Sailor's Delight! Red Sky in the Morning, Sailor's take warning!

Of course, most (maybe all) of you don't know a whole lot about me and my ancestry.

My lineage doesn't include any royalty. (That's OK. I'm still "Bossy" enough.)

But, it does include great-great-grandfathers who were Sea Captains. (That's correct!)
Especially, Captains of Ships that went Whale Hunting. (I can't turn back time...)

Okay, so they were never a John Paul Jones, or a Captain Ahab or anything like that.

But, since there is a lineage from them to me, I take the title to be given to me honestly.

Since we are in tumultuous times with an arrogant multi-millionaire pretending to be a leader, I think the saying applies.

Do I believe there was a political campaign based on deception? Of Course!
Do I think we'll survive? I hope!

But, when there are red skies at night while at sea, that indicates the next days weather (should be) calm and they will be okay far from shore. 

Whereas, if the red sky is in the morning, they know a storm is brewing.  So, the Sailors take heed and prepare for the on coming storm.

My sister, Dr Janet Howes, took this picture this morning while heading toward Gillette Stadium.

With that said, this past Sunday morning's Red Sky should tell us that the day's weather isn't going to be fair and calm.

If the weather does turn stormy, let's hope we can weather the storm!

In the meantime: Go Pats!

To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!

Sunday, December 17, 2017

Holiday Cheer to Everyone!

It's my hope that all have a wonderful Holiday Season!

To those who celebrate Christmas: Merry Christmas!

To those who celebrate Hanukkah:  Happy Hanukkah!

To those who don't celebrate anything this time of year: Happy New Year -- regardless of religious affiliation!


We were going to try to do a gift-less Christmas this year, we'll see how that goes!

To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!

Monday, December 4, 2017

Whether you are Young or Old, your Mom is your Mom!

Since this past summer, my 88 year old mom has been asking for me to visit.

So, we (the spouse and I) booked a time between the holidays to go to Boston.

My brother told me that our mom wasn't doing well.  So, off we go!

Anyway, it's going to be a short trip.  With the spouses business doing so well and mine starting to show life again, I have a feeling this might be the last time I get to be with her while she's still alive.

So, off we go. to Boston to visit family I haven't seen in awhile.

See you next week.

To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!

Wednesday, November 29, 2017

The more things change, the more they stay the same!

After reading Susan Phillips' "Select Leaders" posting about Millennials staying at home with parents to live, I got to thinking about the very subject she mentions here.

Jobs.

Since I have been self-employed for so long, it would take a miracle for me to go back to work for anyone else.

But, as she states, I work in an industry that is (supposedly) growing.  In the past year, I've gone from working large CRE deals to very, very small. (You take what you get, I suppose.)

The fortunate part for me is that I have a very low overhead and with my business so slow, I am still able to maintain myself with a huge help from my spouse. (Her industry is booming in Las Vegas.)

Anyway, with extended family having moved in to our household, this scenario covers the majority of Americans who have lost employment over the years and were replaced by automation.

It is an interesting read -- if only to me and my family situation.

Enjoy.

To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!

Friday, November 24, 2017

Happy Thanksgiving!



To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!

Sunday, November 12, 2017

Las Vegas may break 2016 visitation record

Living and working in Las Vegas gives me a front row seat to some of the more exciting elements of Las Vegas.

So, when I read articles about Tourists flocking to our city, I understand the why Las Vegas Strip land prices are so, so high.

From all over the world, people know and want to travel to Las Vegas.  I understand the "freedom" that Las Vegas gives people.  Even if that Freedom is only a mental state of mind.

Rags to Riches; down to your last dollar and then hitting the Jackpot!  I get it.  The allure is too great to NOT to want to be apart of.

So, it comes as no surprise to me to read the Las Vegas Review Journal article about Las Vegas about to break it's own Visitation record set in 2016.

Las Vegas may break 2016 visitation record

You may NOT be a regular tourist to Las Vegas, but there are still some deals that are available for sale.

Recently, a local developer placed a brand spanking new multi-tenant retail building up for sale he just completed.  He's asking a 6% Cap Rate.  The center is located on the busiest street (IMAO) in the southwest part of the Las Vegas Valley.

Asking price is +$3 million.


To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!

Climate Change Natural or Man-made?

If NOT into politics, you might want to avoid this blog post.

Since DonTheCon was Electoral College elected president, he has embarked on getting rid of "Unnecessary Government Regulations." I agree in a small part that the government does have some rules,/laws on their books that should be removed/changed.

But, when he appoints an EPA head who is a stanch supporter of the Oil Industry -- and this EPA Chief believes that the Oil Industry should be able to do what ever they want regardless of Cause and/or Effect on others health and well-being -- that's where I begin to have a problem.

Why?  Profit!

I believe the Oil Industry thinks that they do NOT have to clean up after themselves.  To them, cleaning up is too costly.  Besides, oil comes from the ground.  Why can't they just dump oil waste back onto the ground -- where it came from?

Everyone knows that the primary cause of air pollution is the gasoline engine.  Attempts to make electric engines doesn't give the driver the sense of power and surge of adrenaline that a gas engine does.

(Even I have a gas powered car.)

But when any industry is allowed to run rampant and destroy the air, water and earth we live on, I believe there is only so much the earth can take.  Humans are changing the planet and NOT for the better.

Even Stephen Hawkins says that we will destroy Earth because of the above aforementioned demand for Profit.  He even gave a year by which we will be successful in destroying the only planet we are capable of living on in the known universe -- 2600.

But, hey, that Profit is so, so important.  We need to keep the oil industry going.  Because without the oil industry, we just might be able to slow down or even stop climate change; have cleaner air and water; and, definitely have less pollution in general.

But, since profit is so important, we need to keep destroying human lives because - well, there are already too many humans occupying Earth. So, humans will continue to destroy Earth so when there is no Earth left, at least there will still be profit!

Can Earth right itself without humans changing their course?  I don't know.

But as these pictures from New Delhi, India indicate, I don't think so.





To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!

Friday, November 3, 2017

Owner Chews Me Out For Contacting His Lender!

First of all, I know the Owner quite well!

Second, there was a Notice of Default (NOD) filed on his property.

Third, I am dealing with a buyer that has expressed interest in acquiring this property and when I told them about the NOD, they said I should get the loan information.

With that said:  What I did wasn't wrong.

Been there; done that!

Through my years as a Real Estate Broker, I have also worked in the lender industry for prominent banks, mortgage companies, and brokers originating loans, etc.

I have acquire quite a bit of knowledge as to HOW? real estate financing works.

Do I know everything? No!
Do I continue to learn as the real estate industry evolves? Yes!

So it should NOT come as a surprise to anyone -- I told the owner -- that a buyer with cash wants to acquire property at or below market value.

That's how it works.  He reluctantly agreed. (He does the same thing.)

Since the property had an NOD, the buyer I am currently working with said: 'See if the lender will sell the loan?"'

So, I contacted the lender and was told: 'No! The loan is NOT for sale.'

I inform the buyer.  They were like, okay.
That's when the owner finds out through the lender I called, okay.
That's when the owner tells me: 'Don't do that ever again.' Okay!

But after hearing him out, I understand his position.  He doesn't want to lose the property but doesn't want to lost his investment into the property either.

I get it.  And, so do all of you fellow real estate owners.  You don't want to lose your initial or equity investment in any real estate property.  Neither do I.

Everyone knows that foreclosure is a bad thing -- especially when you lose your entire investment into the property.

I tell the buyer we need to make an offer before the NOD runs it's course. That was yesterday.

Hopefully, the buyer is able to convince his investors this is a steal at the asking price and should move forward quickly.

More as it happens.

To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!

Wednesday, October 25, 2017

People who hanker for the past, usually end up alone in a ghost town.

Just so you know...

Ghost Towns don't just happen.

They are the result of the current town occupants NOT keeping an eye on the future.

Now, Nevada has plenty of Ghost Towns.  They were built for an immediate need because so many people flocked to these towns for one thing: to mine Gold or Silver.

The problem turned out to be that when the Gold or Silver ran it's course, the towns expired because of ... well, NOT keeping an eye on the future.

So, not foreseeing the future or turning their business eye toward another income stream, the town expired.

This is happening all over the world.

Rhyolite Casino

And, it could happen to us right here in Las Vegas NV!

But I don't think so.

The reason I don't think Las Vegas will fail anytime soon is that this is a city built for tourist!

And, for this city to die, Las Vegas will have to stop changing.  That's right.

Las Vegas is continually changing.  They adapt.  The Casinos still operate, but they always find another way to attract tourist to our beloved city.

Recently, there was a push for more retail.  We have more malls here than anywhere in the US -- that I can think of.

Just about every Resort embraces a mall concept which is easily accessible from the casino. 

So, if you grow tired of the slot machine taking your money?
Okay!  Then, you have the ability to window shop the assorted stores in the resorts mall.

Retail is dying because of the Internet?
Okay!  Then, take in a show at a resorts theater -- OR, have dinner at a spectacular resort restaurant.

Sooner or later, you'll have spent your hard earned saved dollars somewhere in or about the resort.

So, all you who live in middle of nowhere America.  Are you still waiting for that factory job you lost to automation to come back? (Hint! It isn't returning.)

From what I'm told, Las Vegas has a shortage of workers.

Okay, the job doesn't require you to spend hours on end operating a machine drilling holes in metal; or welding two pieces of metal together. The machines can do that themselves now.   But, then again.  You need to adapt to see success in the ever changing economic environment.

Have I said Las Vegas enough, yet?

To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!

Tuesday, October 17, 2017

Las Vegas Hospitality, Resort & Gaming Property For Sale?!

Yesterday, I noticed that another International (supposed) Real Estate Agent (IREA) was marketing a (anonymous) Las Vegas Resort Casino as For Sale.

So, as usual as I do, I decided to call my Resort/Casino connection at the resort casino that I think the IREA was referring too.

Turns out the connection denied it was for sale; and when I told him the price the IREA was saying  their property was for sale at, he laughed!

He said the price was, "very, very wrong," even if it was for sale.

He reminded me that "IF the Fontainebleau Las Vegas sold for $25 Million an acre, their price would be equal or even higher!"  (Plus they have more land that remains develop-able around it.)

So, IMO, any potential Buyer would be looking in the PLUS $1.5 Billion range. I think that's cheap given the rebounded state of the Las Vegas economy.

In my experience, most high end buyers are actually bottom-feeders who want to acquire a property at the lowest price possible.

So, even though this IREA implies on his web site that he is the Listing Agent, my connection assured me there is NO LISTING!



Which is good news for you -- as a potential buyer for any casino, resort or hotel, multi-family investment property.

The reason for this is simple: I have an inside tract to (most) of the property owners here in Las Vegas.

With that knowledge, this inside tract enables you to get your interest in acquiring any Las Vegas  property directly to the decision-maker.

And, if you need a little more time to get your money together, I know of several properties where the owner could Carry-Back loans for a short period of time.

So, IF you have the pre-requisite amount of money or financial capacity, and you are interested in a Las Vegas property -- on or off the "Strip," email me your company's corporate authority's information, and I will get to work -- as the saying goes.

If a large resort property is on your radar, my standard Non Circumvent and Commission Agreement is located under the Las Vegas Casino Information Button on the right side of this page.  Please click, print and have your company's authorized signatory sign; then email it back to me.

Once received signed by your company's authorized signatory, I will forward the property details!

And, as of today, there are Three Resort Properties in and around Las Vegas that are available For Sale!  These will run you 'As Is' in the $20 Million, $250 Million and much, much more range!

Also, IF you are more interested in a smaller investment properties -- such as a Net Leased Investment, there are several that can be acquired together for a +/-7% Cap Rate; OR, +/- $2 to $5 Million.  These are currently generating +/-$400,000 or more in annual income.  (Not bad for passive income!)

To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!

Thursday, October 12, 2017

Sexual Harassment in the Workplace - It's not limited to Hollywood!

Sexual Harassment is prevalent in our society.

Now, not everyone will suffer it directly.  But, a lot of people will.
Since I talk a lot (probably too much) through the years, I have talked to various women who were going through some form of sexual harassment right in the very workplace I was working.

Fortunately, I only encountered one sexually harassment event which was years ago by a gay man who was a co-worker while working as a bartender during my college years.

I passed it off as him being drunk even though he tried to kiss me.  And, with that incident in mind, I have not tried to harm any woman I have worked with.

So, when I hear of incidents where one person was approached by another in some manner implying an unwanted sexual advance, whether it's a woman or man as the aggressor, I understand their plight.

What people don't seem to realize is that if you make another uncomfortable, whether in the form of a friendly gesture or not, if those incidents make that person uncomfortable, you are sexually harassing that person.

So, when today, I read an article in the Daily Mail stating that several women who subscribe to LinkedIn, have complained that "Connections" are trying to secure dates with them even though they are married, these 'men' being the aggressor are actually sexually harassing these women.


So, a woman on LinkedIn posts an attractive profile picture of herself.  That doesn't mean they are looking for a date -- even if they were currently single!

And, I have through the years of being a LinkedIn member, have several connections that are attractive women.  I don't think I have ever sent them a message suggesting a date.

(I am even seriously thinking of deleting my LinkedIn account because I can NOT trace any real estate deal I've ever done to have been originated through a LinkedIn connection.)

With apologies to the want to be Hugh Hefner Playboy types, I'm NOT interested in a date with any woman on LinkedIn - or elsewhere.  I don't care how attractive your profile picture is.

I have two woman in my life that take up 99% of my non work time: Wife & Daughter.  That's all I need.

But with this Harvey Weinstein guy, he's thrown this entire sexual harassment thing into the open.


I for one, am glad this has been made public.

To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!

Monday, October 2, 2017

Sad day when fun and relaxation turns into a living horror!

Soft Target is what it's called.

That's when an individual takes advantage of a large peaceful crowd of people minding their own business and enjoying the evening entertainment when the despicable happens.

A massacre of unbelievable portions disrupts the peace and tranquility and the massacre leaves 58 people dead and 515 people wounded. (As of my posting this blob.)

And, the coward 'terrorist' (let's be honest, that's what he is) then kills himself as the police are about to move in.

I always ask afterward: if this person is truly set on committing suicide, then why kill others before killing yourself?  As a lay person, that doesn't make sense to me.

But, as the 'news' comes forth as the police investigate, it becomes apparent that this Stephen Paddock had planned this out thoroughly.

He had a 32nd floor suite that almost overlooked the event grounds on the east side of Las Vegas Blvd.  He had at least ten weapons n the suite.


And whether or not a few or many were slaughtered, he didn't care.

I hope he has an endless afterlife in hell.  If he thought his actual living life as bad, I hope Lucifer makes his afterlife even more painful.

http://www.msn.com/en-us/news/breakingnews/who-is-stephen-paddock-las-vegas-shooter/ar-AAsMY12?OCID=ansmsnnews11

To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!

Monday, September 25, 2017

Immigration, Tax Reform and Healthcare help the US Economy

Last week, I was invited by Bank of Nevada to attend an economic presentation they held at the new Las Vegas Golden Knights practice arena.

There Beacon Economics, LLC made a presentation about the Las Vegas economic future.
(It looks very bright!)

There were three things mentioned during this presentation that made me go, "Hmm!"

One was Immigration.  He presented information that when the US has more of an open immigration policy, the economy expands.  Since 1924 when the KKK had Congress pass the Immigration Act of 1924, this place a restriction on "Who" was more invited into the US than others.  Since that time, we have seen several economic cycles come and go. (Due to immigration restrictions? Probably not.)

But, one of the main problems today is that there is a shortage of unskilled workers for the number of unfulfilled unskilled labor jobs.  Yet, the current administration wants to restrict immigrants who through US history, have been the ones to fill those jobs.

Second was a discussion about Tax Cuts.  Us US Citizens have a history of NOT wanting to pay any taxes.  Nobody likes to pay taxes.  But, the information presented showed that giving high income people a tax cut, you actually gut the funding for a lot of necessary government programs.  Thus, you hurt the economy.

Road infrastructure and other assorted government provided services usually end up gutted when there is little to no money coming into the government.

Last was health care.  They touched on the fact that if American families are saddled with high health bills, they have little to no extra spending money and still very little for other than basic necessities such as food, shelter, etc.

By eliminating any extra income the family might have, it prevents them from participating in the overall economy in general.  Thus, when their backs are against the wall, and little income to live on, they eventually file Bankruptcy -- which hurts the overall US economy.

So, as we march forward with an administration fully geared up to run immigrants out of the US; give massive tax cuts to the higher income people; and gut a health care system to appease a few campaign donors, we are actually lining our sights on a turbulent financial future rather than a profitable one.

For more information on this topic: www.BeaconEcon.com

To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!

Tuesday, September 12, 2017

Small Resort Casino For Sale in Las Vegas!

Recently, my Inbox has received inquiries about Las Vegas Resorts For Sale.

There are some -- not many -- that could be acquired.

The problem is -- and will always be -- that potential Buyers want to acquire Resort properties in the same manner as if they are acquiring a Net Leased Property in their own back yard.


Or, they think that because they are who they think they are, the Seller should (overtly) respect them fully and sell at the Buyer's suggested low-ball price.

Unfortunately -- and this goes for all would be buyers -- it doesn't work that way when it comes to Las Vegas Resort Properties.

I can't explain it any more simplistically than if a property is being marketed at $6 Million an acre.  And, surrounding comparable sales indicate $7 Million an acre, why are Buyers pushing for a sale at $3 Million an acre?

For Example: a small extended stay resort motel property with a small casino (8 slots only) though this property is zoned for an Unlimited Gaming Casino (Full slots, table games, etc.) that sits right smack inside the Clark County Gaming Overlay (which means there are no restriction to developing an unlimited gaming casino) isn't going to be sold cheaply.

And Buyers arguing with me that the Net Income from the property means the value is less than the  asking, baffles me.

The Net Income of the property may be a contributing value, but when it comes to land value being more valuable than the business being run at the location, trying to acquire this based on the Net Income isn't going to cut it.

Many, many times, I've had brokers outside of Las Vegas tell me that the value of a resort property is solely based on it's Net Operating Income.

I have to over explain to them that if the land is worth much, much more than the business net income, that's the sales price.

(This scenario is never, ever going to change.)

To which I always respond, "that may work in your neck of the woods.  But, it doesn't work here."

I've had offers on listings that were for a fraction of what the properties eventually sold for.

I realize that Buyers are trying to get the most equity they can at the time of purchase; I also understand that the Sellers are trying to get the most bang for their buck for the equity value.

So, if you think a 200 room resort with a small casino, Full Alcohol and located within the Clark Gaming Overlay is worth $20 Million when comparable sales say it's worth $21 Million, send me an email.

(Psst! The abandoned and unfinished Fontainebleau just sold for $25 Million an acre. Don't tell anyone!)

After executing the appropriate paperwork, I'll send you the property details.

To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!

Thursday, September 7, 2017

Back In The Saddle! Okay, I'm just back to work...

Arriving to work Tuesday morning, my friend, golf buddy and retired (though still actively licensed) Gaming Executive asked about playing golf Saturday.

I said, "Ok!"  It couldn't hurt to lose a few more golf balls. (I don't play with the good ones I find while searching for my lost cheap ball.)

Anyway, he asked about the Alaskan Trip (I replied, "It was GREAT!")

The Spouse & Myself on board the Norwegian Pearl in their Bliss Nightclub!

Then, he dropped a bomb-shell! 
He has the latest on the Large Las Vegas Resort Casino that he knows is (about to be) For Sale!

Oh, well. I can't wait but I am going to have to.

If you want to know which one, email me your contact information & I will send you the Non-Circumvent Agreement.

This must be signed and delivered with Proof of Capability to close a Billion dollar deal.
(Not kidding.  The property in question will cost you!)

:-)

Anyway, I'm relaxed and ready to go.  Are you?

Look forward to your emails!

To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!

Monday, September 4, 2017

Rested and Relaxed from Week Long Alaskan Cruise Retreat!

Cruising to the southern Alaskan shore was a great benefit to my wife and myself.  Alone time to see just what southeast Alaska had in store.

I did get to take a 'look' at another states' real estate and was amazed at just how many vacancies each city had.  (Survival of the fittest, I suppose.)

The main industry now-a-days is the cruise ships that dock at their piers in their deep water harbors.  These towns would definitely die away if the ships stop sailing into their harbors.  And during the winter months, that's what happens.

Tourist season in this stretch of the world is May 1st to September 30th -- obviously.  So, they must pack in as many tourist dollars they can while the season is 'hot' - so to speak.

Great time, great cruise, and lots of local knowledge acquired to bring back home to Las Vegas to re-energize my battery.

If you have been considering a cruise as a vacation, I say sign up for next season.  It was worth the cost.

To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!

Wednesday, August 23, 2017

Alaskan Cruise Excursion for a CRE Retreat!

If you missed me recently, I will apologize.
I know just how hard it is to enjoy yourself without my input.
But, I am sure you can manage for the next week to get along with yourselves without me.

Okay, I am NOT that important; nor anything I write here is so important that you can't get along without me!

The wife and I decided earlier this summer to just get away.  It's been way too long since we had a vacation and thought being together in cooler weather might be what the 33 year relationship needed.

So, I will see you all when I get back.

Right now, I am going to enjoy some down time watching a glacier melt and try my hand at some of tourist things being offered.

I hear it's cold in Alaska and will be bringing a lot of warm, dry clothes.

To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!

Thursday, August 17, 2017

VACATION! It's all I ever wanted! Time to get away!

From August 25th, 2017 until September 4th, 2017, the spouse & I will be away from everything.

Even our electronic devices will be off! So, emails, texts and even telephone calls will be ignored.

So, if you need to get a hold of me during this period, you will have to leave a message and I will reply/respond on September 5th!

If it can't wait!

Oh, well.  It's going to have to wait.

See you Tuesday, September 5th!

Much Appreciated!

To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!

Saturday, August 5, 2017

Neighborhood Retail Centers For Sale in Las Vegas!

Now, most people have been to or even frequent a local convenience store that usually sits on a high traffic corner of an intersection.

Most of you don't even give these locations a second thought.  You pull into the "gas station" (the Gas Pump) pay for the gas you need and begin refueling.

Now, sometimes, these location also have other shops and stores that line up along with the convenience store.

Sometimes, these convenience stores are stand alone properties -- notably a 7-Eleven, or an ARCO.  You get the drift.
Most, however, will have other stores lined up along side the Convenience store.

Then, again, they might just NOT have the convenience store anchor.  Which is okay, too!

Now, last week, I noticed a marketing brochure in my Inbox from another broker asking for help to find a buyer for a 'Strip Center' he has listed.

Anyway, I have a client looking for such a property and forward the information to them.

What got me thinking is this property -- though leased up only +/-75% would be a good buy for someone looking for a passive income. (Even with the less than stellar occupancy, this property still nets $204,000 per year.)

So, I decided to send it out to other investors to see if they would have any interest.

To my surprise, there is interest.

Which got me thinking: If these investors find this property of interest, why not you?

True, it is NOT sexy.  It's NOT a casino; or a Resort.  It's not something to brag about.

But, it is INCOME.

And, the last time I checked, everyone needs income -- no matter what your tax bracket is.

So,...if interested in acquiring a property that provides income,,,

Contact David Howes at: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!

Wednesday, July 26, 2017

The dog days of (potential) economic recession!

On September 15, 2015, when I thought "things" were about to get really, really better (economically speaking), I wrote a blog about the Chinese devaluing their Yuan.

(Here is part of what I wrote:
Algebra!  It is the curse of me.  To this day, I do not understand: x+y=z!  Huh?
The odd thing is, my dad was an electrical engineer; thus, algebra was easy for him.
My wife, also, understands algebra.  She uses it everyday at her commercial interior design firm.

I even have an uncle who has a phD from HAAV-VAARD who I know understands algebra, too!

But, most of you, are probably just like me.  Algebra is a foreign language -- much like currency exchange.

I bring this up because, like you, I read that China devalued it's Yuan.  (Please do not try or even think of attempting to explain this to me.  I am lost just thinking about it.)

So, as of this AM, one Yuan is equal to $0.16 US.

I suppose this is good.  However, since I know very little about currency exchanges, I can only assume that the Chinese government did this to prevent anymore money from leaving China.  With the Yuan devalued, I guess it buys less foreign property and/or goods.  Am I right or wrong?

So, since this investor's money is coming through China, I don't understand the algebra of it.

How does depositing money into China, thus turning it into Yuan, help you acquire a Las Vegas Resort for less while also gaining more in value?

One day, I will probably understand.  But, I am not going to just sit around waiting for the answer to come to me.

So, was I off my much?

I ask because I just received notice from my Co-Broker Partner who lives and works in Australia that the Chinese Government is (essentially) halting any more Chinese firms from investing further in USA Real Estate.

Why?  Your guess is as good as mine.  From what I've read, the Government fears a cash shortage if anymore Yuan's are converted to Dollars and they leave the country.

(This relates to the algebra problem I mention above. =) )

Anyway, as I sit hear wondering just when this crack down on money exiting China (?) will end, I am hoping to between now and then, my survival mode keeps me aloft.)

The only thing I think right now is closing something.

Did I mention I listed a motel casino?  Give me a call if interested in the details.

To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!

Wednesday, July 19, 2017

Mom & Pop Casino For Sale!

When I established my web site many years ago, I truly didn't have faith in it leading to very many clients.

Well, at least the web site hasn't disappointed me.

Anyway, recently, my web site has allowed various real estate property owners to contact me.

To my surprise, one husband & wife team did give me a call to ask about selling their local casino.

Now, for you want to be casino owners, don't get too excited.  Owning a casino is a full time 24/7 job.  So, unless spending your time always "on the clock" isn't for you, then casino ownership may be a thing you'd let others do.

I say this because these mom & pop clients want to sell because of that fact.

Now, this is a local casino in Nevada.  Unfortunately, it is NOT in Las Vegas.  So, the bright lights of the Las Vegas Strip won't be shining in your eyes as you make your way to and from 'work."

But, this property is a fully licensed unlimited gaming casino and it does have 60 motel rooms and suites for your traveling customers comfort.

The property does have a steak house restaurant, a Chinese Restaurant and a lounge.

The property is a combined +/+9,500 SF property on a total of 1.94 acres right smack in the middle of town on 'Main Street.'

(Obviously, NOT the subject property since this is no longer standing.)

Unfortunately, as the husband owner said, they are directly across the street from their biggest competition.

True, there are a variety of small restaurants, bars, taverns, sports bars -- all with gaming -- that are for sale in and around Las Vegas itself.  But, this property is the only actual "casino" with motel rooms (that I know of) for sale in this region of Nevada.

The owner of this property is asking $3 Million.

So, that is all I can disclose at this time.  You will have to email me for the Confidentiality Agreement in order to see the financial and property details.   Any further information requires this signed document.

Now the owner says the price is the price, but I know there is some wiggle room.

Is it making money?
For that answer, the signed CA is required.

Plus!
I need to know a little more about you as the buyer.
So please be prepared to disclose your acquisition capability. I don't need it up front.  But, your proof of funds will be required with any offer that is to be presented to the owner.

Once you've owned a casino for a while, you'll understand this tactic.

So,...

To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!

Monday, July 10, 2017

CRE Deals Come & Go! Some Fly - Others Die!

It's NOT too often I would be insulted by comments made by a Seller or Buyer.

When you work hard and try to accomplish the impossible, there always seems to be something that goes wrong and sets you back.

I like the analogy: Take two steps forward; one step back.

Hey! It's real estate and you never know what could happen until it does.

For example: my son and his wife recently told us they wanted to acquire a house.  Okay. I asked could I refer you to someone?

He said, they were thinking of buying without an agent.
Now, having been in real estate since 1991, I had to go, "Woo!"

Why would you do that?  (He and she have never purchased a home before, so I can see the obstacles mounting right in front of them.)

Anyway, I got the feeling that some one had hooked their ear about saving money by doing it themselves.  (Sorry, folks! But, that doesn't happen! You just end up getting ripped off!)

Well, with the help of my wife -- our son's mother -- we think we've bridged that gap.  (We'll see.)

Then, about a week later, a developer I know who owns an Off Strip motel wanted to talk to me on a Sunday.  Okay, I understand that real estate might have to be a priority over the weekend.  Well, during the call he proceeded to chew me out because the Chinese buyer I was dealing with wasn't moving fast enough for him.

(This requires some back story: the developer acquired this off "strip motel about 11 years ago to re-develop it.  He has waited, and waited because the economy had gone south in the mean time.  And, since development money had dried up; it has recently reappeared in Las Vegas.  Lately, he started to make noise he was going to re-develop the motel again.  BUT, he was willing to sell, too.  After re-contacting the developer again, he set a couple of unrealistic deadlines to get him an offer.

Anyway, if you ever worked with Chinese buyers before, you know they tend to do things on their schedule -- not yours.

So, in the meantime, there were a few delays with the Chinese getting an offer started -- as is their MO.

Well, the Sunday morning call was to let me know, the developer wanted to deal directly with the Chinese group and I'd be paid anyway.  He said he didn't think I had the experience to handle his transaction.

Okay, I'm insulted.  But, I know this developer and he is an a--h---!

I took the information and proceeded to contact my co-brokering partner over seas.  He speaks fluent Chinese.  Well, he didn't like that idea and thought it fishy.  He said 'let's look for another property.'  Which I am doing.)

After wards, I was thinking about this situation, and came to the realization that the developer never, ever had any intention of selling.  He was just hedging his bet against the economy here in the US until it improved.  Which it has.

So, all those years trying to find a buyer for his property was -- well, it truly wasn't a waste of time.  I was able to find other buyers while using his property as a prop.

No loss I guess.

So, my experience is questionable to this developer. NOT!  It's his excuse to NOT sell his property and further to try and raise additional cash for his development.  Oh, well!

One day we'll cross paths again.  We'll see what has transpires in the meantime.

To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!

Wednesday, July 5, 2017

Would a Monthly Income from Net Leased Real Estate Investments be helpful?

First off -- I will apologize to all that have been on the receiving end of my various (and probably poorly times) emails from me about various Las Vegas, NV income properties.

And, I will include those who have been subject to my snail mail Letters and Tweets!!

My spouse and son recently made me realize that in the blog followers/readers everyday life, they are NOT experienced in Real Estate to the extent that I am.

So certain words and phrases that I may refer to about Real Estate investing are usually lost on the average person.

With that said, I am only trying to inform you. Nothing more -- unless you are interested.  Then, you can call or email me any questions that you have, and I will try my best to promptly answer.

Remember: There are no stupid questions when it comes to real estate investing.  If you don't know something: Ask!
I will give you the best most truthful answer I know. (There's no fake news here.)

I like Mark Twain's quote: "When in doubt, tell the truth."


I like this quote, too!

Since I know a lot of you potential real estate investors may have a lot of doubt, I will just tell you the truth.

It's that easy, because I don't have to remember any lies.

So, if you want to earn extra monthly income from a passive net leased investment, you just need to contact me directly.
I will do my best to help you find the appropriate real estate investment for you.

Making money while you sleep is the best way to earn a living.  (I forget who said that.)

So, give me a call.  Let's discuss this further.  Once you have seen the light of a regular passive monthly income, you will NOT want to go back to business as usual.

To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!

Tuesday, July 4, 2017

Happy 4th of July - Independence Day is here!

To show my Patriotic Spirit, here are some images of Las Vegas Fireworks!

 Fantasy!

Reality! 




Happy Fourth of July!

PS: (Now, I will prepare to dog sit two dogs that dislike anything that goes BOOM!)

To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!

Thursday, June 29, 2017

Make America Great Again? It always has been Great!

This past years General Election did wind me up and probably not in a good way.

When one of the candidates was campaigning on a racist platform, I was confident they wouldn't win.

Okay, they won -- the Electoral College.

Oh, well.  Time to move forward.

But, will the mostly poor counties that are stuck in the past be able to move forward?  I'm not sure.
It's like some one who tries to do the same thing over and over and they continue to expect a different result.

Are they insane or just showing signs of being an imbecile?  (See!  I am improving!  Last year I would have said: Crazy or Stupid!)

Anyway, I will leave invalidating other people to the bullies.

Today, I ran across this news story that I (think I) had seen on fivethirtyeight.com.  But this one was published by the New York Times and Re-printed in the Las Vegas Sun.

Apparently, America is changing.



https://lasvegassun.com/news/2017/jun/29/census-time-machine-sioux-falls-past-vegas-future/

So, if you have racist tendencies and believe that America would be 'Great Again' with more Caucasian people than 'others,' then you will be greatly disappointed with the projections this story has.

Personally, I never thought that America was "All White" to begin with.  But, that's just me.
Fortunately for me, too, I also live in the city that is probably already where the rest of America is going to end up -- population diversity wise as the story predicts America will be by 2050.

To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!

Wednesday, June 21, 2017

Interested in a Las Vegas CRE Property? Contact me! There's no charge!

Sometimes, I forget that I out-smart myself.

I'd like to think that Smart CRE Investors would just contact me if/when they are going to acquire or distribute a Las Vegas Commercial Real Estate Property!

Oh, well.  Sometimes it happens.

But, since moving to and establishing contacts with some high profile companies and individuals, I do find myself looking from the outside in on what transpires here in and around the Las Vegas Valley!

And, even though these knowledgeable real estate investors -- even internationally -- are doing quite a bit of research on properties, I find that they (must be) doing a considerable amount of research on me.  (I get hundreds of hits daily on my web site.)

Then, again, after I've checked my web site traffic, I find that a lot of these 'hits' are coming from countries such as: China, Germany, Britain and even Ukraine.

Now, I understand that most of these hits could in fact be from bots." But, I don't know.  I think this because after receiving so many 'hits' in a day, there is very little appropriate follow up telephone calls and/or email inquiries.

So, I have to question whether the 'hits' are authentic or not.

(Remember this?)

Anyway, if you, as a small investor -- or even a large investor -- find you need help with acquiring a Las Vegas, NV CRE property, just give me a call or send me an email.

I promise my bark is worst than my bite.

So, whether its an under valued/value added Resort property; or you are just trying to find a long term income producing property; since, I live and work in Las Vegas, I am familiar with all types of properties that you might be searching for.

Large or small. I can help.

To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!

Wednesday, June 14, 2017

Medical Marijuana Smoking Neighbor Violating Quiet Enjoyment!

When I was young, I didn't care about whether you smoked or not.
I did on occasion partake in sharing a "joint" now and then.

But, as I've grown old, and started investing in real estate, I've been more, and more keen to rules that could inhibit my real estate ownership.

For example, I don't rent units to smokers -- unless they put up an additional security deposit.
Why?
Because upon them leaving, I have to wash and re-paint the entire unit to cover/remove their smoke residue they leave behind.

With that said, recently one of my tenants let me know, he was thinking of 'moving out' because the  downstairs neighbor (who is also a renting tenant) had been for some time smoking "Medical Marijuana" in the downstairs unit. (My tenant had asked the downstairs tenant to stop. They had a verbal confrontation about it.)

***Just to clarify: this is a condo I own within a condo complex. I don't own the downstairs unit. ***



Anyway, he did tell me he complained to the HOA; and, they told him there was nothing they could do.

After being informed about this, I went and complained to the HOA, too!  And, they responded the same.

Then I threatened a lawsuit against them; they were like, okay!

Later, about a week or so ago, while golfing with my attorney friend, I asked him if I needed to retain him to help me with this situation.

He completely understood my problem because he represents other HOA's -- and they are struggling with the same problem, he said.

He told me to wait until my tenant actually moved out; and I started trying to find another tenant.  He said, once that happens, he would then begin to help me.

As we talked, he informed me that the 'new' Nevada Regulation authorizing 'Medical Marijuana" is weakly written.

He said that it does allow persons to smoke in the privacy of their own home -- as long as it doesn't interfere with their neighbor's "Quiet Enjoyment."



He said there has to be an actual case 'of loss' filed in the courts before a judge would be willing to sit and listen to this.

(I have no idea what that means, but since he's knowledgeable about the legalese of Nevada Real Estate, I'll go with it.)

In the meantime, I wait with anticipation as to my tenant's decision.

To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!

Monday, June 12, 2017

Las Vegas Gaming Property Acquisition Do's and Don'ts

It's that time again where potential Las Vegas Gaming Properties -- may or may not be available for sale.  And, I (feel as if I) have to remind ALL potential 'investors' that you simply can NOT expect the owners to be 'dumb.'

Not going to happen!

And, YES! Because I live and work in Las Vegas. I do know of several "gaming properties" that are for sale -- but the owners will NOT state (or allow me to state) that publicly.

Yes.  There is a large parcel for sale that is listed -- but you don't want to buy that parcel because you will only receive slightly less than half of the total acreage fee simple.  The owner of the 'other (slightly larger) half is never going to sell.

How do I know this?  Simple: I know the owners.

Anyway, when I give you a price of a property; and I tell you that's the sale price, you can -- but it's not going to happen -- try to reduce that price it by saying the financials don't support that price.

In most Las Vegas gaming zoned property cases, the financials will never, ever support the selling price.

So, please take my word for it.  The price I give you is the selling price.

Okay?



The reason I stress this is you have to remember that the current owners of these gaming properties know the value of their land.  If the property is worth more as a tear-down, they already know that.
If the property is worth more via the financial statement, they know that, too!

So, if you are in the market for a gaming property in Las Vegas, be ready to acquire it at the stated market price!

The time for acquiring a gaming property as in a buy and flip, is gone.
In the reality of today's Las Vegas, the price of the property is the price!

And, unless you are going to buy and tear down, I suggest you stay on the sidelines.

An example of the last major company to come to Las Vegas, buy a gaming property at a rock bottom price, and trying to just paint and carpet to turn it around is failing miserably.

Of course, at that time they were saying just how proud they were to have been able to acquire the properties for below market value.  But, when they didn't do anything more than paint & carpet, the sophisticated casino patron moved on to another resort property.

The casino properties they acquired were at or very near foreclosure; They paid pennies on the dollar and tried to run them 'As Is' just as cheaply.

The end result speaks volumes about this approach.

And, all the while, they continued to lose market share because of their cheaper than cheap corporate attitude.

How do I know, you ask?  I live and work in Las Vegas, NV!

So, do you want honesty and a true to life assessment of the potential properties in question? If you do, then click the Las Vegas Casino Information Button in the right column, print, fill out with your company's signatory signing it, and email it back to me.

I need this form back BEFORE I release any information about any property to you that I know might be for sale.

Otherwise, Have a Great Day!

To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!

Friday, June 2, 2017

A Young Celebrity Who Understands the Value of Commercial Real Estate Investing!

I usually don't name drop.

I think it's beneath me.  It is actually crude and truly uncalled for.

So, I am going to name drop!

1st: I have never met this person
2nd: I have never seen them perform.
3rd: I wasn't involved in this CRE Transaction.

But, I say, 'Good for Claire Sinclair."


I am so happy, that this young woman understands the value of CRE property.  Why do I say that?
It's because she acquired an 8 plex!
Okay, most of you don't know what that is.  In CRE terms, it is short hand for an 8 unit apartment building.

Why am I excited for her?
Because she is taking the chance that this 8 unit apartment building located in or very near Downtown Las Vegas will in the future enable her to earn income as a Bed & Breakfast!

She is taking money she has earned -- and is trying to raise from a social media web site -- to help her complete her desired rehab goal of making the 8 unit apartment property into a BNB!

I think it's great! I think she has her 'smart's on' about money, has a vision of herself in the future and she just might one day be another Mary Bartsas, or even another Margaret Elardi!
(If you don't know who these women are, Google them!)

Here is Robin Leach's article about Claire's quest.

If you are in a similar situation, or have a similar goal, you just need to...

Contact David Howes at: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!

Whoever Coined the Phrase: 'Patience is a Virtue' never worked Las Vegas Commercial Real Estate!

Sure, waiting for something good to happen will leave you on the edge of your seat.
And, the opposite is true, too!

But, since I have been patient; and, I know I need to stay patient; something 'good' should (I mean) will happen!

But, I am tired of waiting.
I've run out of patience.
I was never a 'good' student when I 'had to wait.'

As a child growing up, I was the one student who wasn't diagnosed with one of those fidgety, anxious syndromes that caused teachers to look down on me as 'an unruly student.'

(Those diagnoses came along AFTER my time in elementary school.)



Anyway, back to the point...

There are properties available in Las Vegas right now that could be acquired for a good price.  The problem with this is: I continue to run into buyers who are still looking for a 'steal.'  (Unfortunately, those days have passed.)

But, for those who are interested, there are Las Vegas Casino Properties available for sale.  But, you must download the 'Non Circumvent and Commission Agreement' attached to the lower right under Las Vegas Casino Information Button, fill out, sign, scan, and email it back to me (This is required in order to receive any details on those properties.)

Now, the Owner(s) require all potential buyers to provide them with their financial capability! For example: Proof of Funds!
AND, yes, they are looking for companies that are able to qualify for a Nevada Gaming License. Unfortunately, this is ALL prior to the release of any property information. So, get assembling your financial statements!

Also, for those who are interested, there are Las Vegas Commercial Properties available for sale.

Whether you are a beginner or small investor; or if you are capable of closing large Commercial Real Estate transactions, there is a property available for you.  Just send me an email with your acquisition criteria and I will get to work.

AND, lastly, there are still properties that are "develop-able" OR "re-develop-able."

All you need to do is...

Contact David Howes at: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!

Thursday, May 25, 2017

ICSC Las Vegas has come & gone!

For about 10 years, I was a card carrying member of International Convention of Shopping Center (ICSC).  And, every year that I was a member, I'd spend the $300 to $400 per convention to attend the full convention.  Well, since I live & work in Las Vegas, I thought, Why not?

And, every year, I'd attend the seminars, work the booth & roam the halls meeting & greeting various other potential clients at their booths in a search for the elusive tenant, developer or buyer who'd be interested in investing in a Las Vegas property; develop some Las Vegas land; or buy a Las Vegas Shopping Center.

Most of the people I'd meet were cheerful & friendly; a lot "already had their plans" in place; or/and "weren't interested in Las Vegas."

And, I remember one developer telling me they would never develop in Las Vegas because of it's gambling. (What? "I'm Shocked!  Shocked to find gambling in this city!")

Now, that concerned me because my immediate thought was: 'if you are NOT interested in buying or developing in Las Vegas, why are you attending the Las Vegas convention?'

Anyway, after about 10 years of attending, I decided to NOT attend anymore.

Now, there were various parties being thrown by various attendees that I did get to go to.  But, even there, the attendees seemed more interested in the allure of Las Vegas Gambling and Partying that striking up a meaningful conversation with them was at best difficult.

Since I live and work in Las Vegas, this party all night or into forever attitude was never something I was attracted to.

I just wanted to help some one acquire a Las Vegas property as a tenant, developer or investment.

That never happened.

Now, I do realize that a lot of deals are done way, way before clients ever step off the plane and onto the tarmac.

But, even in following up, these attendees I believe most likely couldn't remember their time here.

So, after having skipped the last 10


ICSC conventions, I have found that I am truly better off NOT having attended.

During my time when I did attend, I still have contact with only one potential client who still tells me they are interested in Las Vegas -- but not at this time.

Sound familiar?

So, instead of attending ICSC, I will continue to work my telephone, email clients, and reach out to whoever contacts me from around the globe.  I believe sooner than later, my efforts will bear more fruit than if I had been attending every ICSC convention in the last 10 years.

To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!

Sunday, May 21, 2017

Qatar quietly becomes one of New York's Largest CRE Owners

Even before 9-11, I never thought that anyone who was a Muslim; or some one who was Islamic was a bad person.



And, back then, before that awful day, I used to frequent a sandwich shop that was owned by a Muslim man who was a very, nice and pleasant person.  He seemed to always be glad to see me.

When I'd enter his business, he was friendly and accommodating -- well as any businessman is supposed to be.  And, during the time we met at his lunch counter to order my "usual,' we'd have 'small talk' about life in the big city of Las Vegas.

Toward the end of our 'lunch meet,' he would complain about his immigration status, and how his visa was soon to expire and how he had exhausted all attempts to extend it, etc.  As he was going through this, I sensed his frustration with America and his resentment toward 'having to leave.'

IMAO: US Immigration laws need to be updated/changed to allow longer stays/allow visa holders to apply for citizenship easier.

Anyway, I saw this article and started wondering about 'Al.'  It's been close to twenty years now and wondered what has happened to him.

He was a young guy and smart and polite and to this day, I still don't fully understand the Islamic or Muslim religion.  But, I don't think of it as bad.  I think of it as something I need to explore -- maybe even familiarize myself with in order to fully comprehend it.

That aside, when i saw this news story, I also thought about: Why do foreign companies buy American Commercial Real Estate? I am fully aware real estate will have an intrinsic value increase as it floats through time.  But, foreign buyers they are buying because -- for the most part -- our tax system is very, very favorable when compared to the rest of the world.

Which makes me think: If the US taxes are so high, and so unfair, why are foreign companies pursuing US Real Estate so much?

Here is the story I read that made me think this.

Qatar One of New York City's largest CRE Owner

To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!

Saturday, May 13, 2017

We need a marketing push!

Very recently, a 'person' (I don't want to give my hand away too early on this topic) that works at a major bank in the US, emailed me asking me if I'd be willing to go to lunch with them.

We set up a time and a place.  I dressed casually because I know this person and thought it appropriate.

At lunch, we 'caught up.'  Their children, my children...you get the drift.

Then, toward the middle of our lunch, this person asked me if it would be okay if they referred me to the bank's area asset manager.

I was a little surprised because I know that this bank uses a national real estate firm to list and sell their bank owned property.

Of course, I agreed by saying, "I Love Referrals!"  Etc. Etc.

Well, as it turns out, the person I was meeting with had invited the bank's area asset manager to lunch with us, but that person had another appointment.  Okay.  That's fine.

Anyway, I was told that the bank 'bosses' are NOT happy with how their bank owned assets are being marketed.  Or, better -- not being marketed.

In case you didn't know, there are bank regulations that prohibit banks from becoming landlords of properties they foreclosed upon.  And, there is a sense of urgency from this person, that I got, that "the bank needs a marketing push" to move property and fast.

Now, that doesn't mean cheaply.  The banks do have to recoup more than enough money from the sale of the properties to save face with banking regulators.

Anyway, I said I was more than happy to meet with whomever they needed me to meet with.  I was willing to travel to where they were to discuss my abilities to market what ever properties they entrusted me with 'marketing.'

They said it might just be a trial run to see if someone NOT affiliated with a national real estate firm would have better success at selling properties.

I told them, 'I'm in.'

So, we'll see what happens in the coming months!

It was a very good lunch.

To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!

Monday, May 1, 2017

Small Casino For Sale in Nevada!

I've had my web site for some time now.

But, it wasn't until recently, that my web site, actually provided a lead for a casino for sale!

And, this happened in the last two weeks.

So, now, I can honestly say, I have a 'Small Nevada Casino Motel' For Sale!

This property is small relative to any of the Las Vegas mega resorts.  But, it is a stepping stone in the right direction for an entrepreneur looking to venture into the gaming business.

With the assortment or variety of any number of small restaurants, bars, taverns, sports bars -- all with gaming -- that are for sale, this property will allow an owner-operator to actual 'own' a "Casino."  (It does also have motel rooms.)

(This is NOT the Casino that's For Sale)

The owner of this property tells me he wants to sell because he wants to 'get out of the casino business.'

I'd tell you more about this property, but because a Nevada Casino license takes a certain type of person that needs to be approved by the Nevada Gaming Control Board, I think you should email me  your qualifying information prior to any disclosure of any property particulars.

Yes, it is going to run you in the millions of dollars.

So, if you think you'll qualify for a gaming license...

To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!

Tuesday, April 25, 2017

The Real Estate Broker Conductor Dance

Dancing.

Not a favorite pastime for me.

When I was younger, I danced - well I thought I was dancing.  It might have been a sloppy swaying  or obnoxious gyration of my body.  But, I thought I was dancing.  Even if others didn't see the magic in my artful moves.

Lately, with commercial real estate (CRE) values in Las Vegas returning to their slow progression of increasing in value, I thought that Buyers would suddenly realize that the steals are gone and the Sellers would realize that they are NOT holding gold in their lands.

Oh, well.  I can only hope that the coming of the future tells them the truth -- even if Buyers want to ignore recent sales; and Sellers try to use non-comparable properties to justify an unrealistic value.

But, what hasn't changed in the 20 plus years while working CRE in Las Vegas is the dance.

Yes, the Buyer/Seller dance that starts with either the Seller or the Buyer -- it doesn't matter who starts dancing.  As long as one party or the other finds the property attractive enough that one or the other begins a dialog which might result in a potential sale.  That's what us Real Estate Brokers want to occur.

Usually, the Buyer finds a property of interest to them; then the Seller plays the hard to get game; followed by Buyer changes the viewing/walking the property time; then, the Seller fights back with  'we need to know certain Buyer qualification conditions in order to move forward;' which the Buyer then will flash their qualifications; which the Seller refuses to accept or budge.
You get the picture!

And us frustrated Real Estate Brokers are the ones who end up playing conductor.
We would be in charge of the Buyer/Seller orchestra as it plays.  All we can do is to keep trying our best and to keep up and (pretend maybe) to be fully in charge of this crazy scenario.

Now, you will have to trust me on this.  I am fully capable and experienced in helping anyone acquire a CRE property; or help a Buyer or Seller close a real estate sale -- but it is essential that the Buyer/Seller parties co-operate.

And, that is the key.

As the conductor of this musical chair scenario, it's my job to help the parties find the common ground.  Which is ground we all can stand on with two feet solidly on a firm surface.

But, as this dance is playing out, inside I am thinking: "Holy (insert your favorite word) !!!

My weary feet usually don't find the rest they need until the Escrow is closed and the property officially transfers -- changing ownership via Recording at the County.

So, you ready to dance?

To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!

Monday, April 17, 2017

Real Estate Commission: Is it a Representation Fee OR Marketing Fee?

Around the first of the year, I started seeing properties listed For Sale with "Price NOT Disclosed."

Now, it's one thing to try and keep the sale of a Commercial Real Estate property quiet.  It's another to know what a property is actually worth and list it for sale at that price.

First: Keeping the For Sale aspect quiet usually means the Owner/Seller doesn't want to lose Tenants IF the Tenant finds out the Owner no longer wants to own a specific property.

But, to list a property For sale and NOT have a set selling price in mind, to me, means the Owner/Seller doesn't know what his property is truly worth.  And, for that matter, neither does the Listing Broker.

And when a Listing Broker accepts such a listing, they actually are doing a disservice to us fellow Real Estate Brokers.

Second: the Owner/Seller/Broker compounds the selling problem with the little known and rarely seldom used: "Buyer to Pay Procuring Broker's fee."

C'mon, really?



Recently, I discussed this with another Real Estate Broker.  He said that if the Owner/Seller is trying to maximize his selling price/value, he needs to make the Selling Price open for interpretation. Meaning, he wants a bidding war.

The problem with that is that unless you have a well located property and it is in a high demand area, you are NOT going to garner top dollar.

And if you think going the auction route is going to get you top dollar, think again.  Most auction participants are looking for a steal.  And, I mean a real bottom dollar type of steal.

Then, on top of that, the Owner/Seller doesn't think they should pay a fee to a Procuring Broker who is representing a Buyer.

Wait a minute!  Why not?

Yes, it is widely known throughout the real estate industry that representing the Buyer is NOT a legal representation.  So, why would an Owner/Seller refuse to do so -- when it is common practice throughout the world.

Plus, when a Broker is helping a Buyer procure a property, yes they have a fiduciary duty to deal with the Buyer in an honest and forthright manner.  But, there is no legal representation.  Real Estate Agents/Brokers are NOT Attorneys.  They don't specialize in law.

They specialize in marketing.  So, when  Buyer's Broker brings a Buyer to a property, the Owner/Seller is (usually) paying the Brokers Listing and Selling a fee -- which they usually split 50%/50% for marketing the property.

So when recently, I've run into this scenario where the Owner/Seller believes that he is only entitled to paying a Listing Broker, I then know that the Owner/Seller doesn't understand the real estate commission fee situation-standard.

What to do?

I think that more Real Estate Brokers need to understand that fact to and stick to the normal real estate commission fee practice in their area of operation.

Hey, I didn't start the practice of the Owner/Seller paying a real estate commission that's split between two brokerages; I would just like to be compensated for helping an Owner/Seller sell their property through my marketing expertise.

Your Thoughts?

To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!

Wednesday, April 12, 2017

Las Vegas Raiders! Did anyone ever think the NFL would allow a team to move to Las Vegas?

The NFL has become an 11 month sport.  And with the NFL Draft just around the corner, you can be sure that Football is back in full swing!

With that said, there are fabulous Sports Bar Ownership Opportunities available in Las Vegas for the correct NFL Loving enthusiast.

Now, you don't have to open and run the business yourself.  You could acquire the real estate where the sports bar is located as a Net Leased Investment (NNN).

A NNN is where the tenant pays most (if not all) of the costs on the property to include Real Estate Taxes, Insurance and Common Area Maintenance.

Now, most local Las Vegans didn't or couldn't go to games of their favorite teams, so they just sauntered on down to the NFL Team Bar that are all over the Las Vegas Valley.

There, they could wet their whistles and make friendly talk and even wager on their teams games right inside of the bar!

That's right!  Some Sports Bars have what is known as a wagering kiosk that can accept bets on the NFL games playing that weekend.  And, this allows you to make a wager without having to go to a major resort to place a bet at a sports book!

And, these are located in particular sports bars because of the credibility of the Tenant -- which makes owning the real estate that the bar operator is located a more than solid NNN Investment!

And, one of the benefits of owning and renting a Nevada Property, if you are a Nevada Resident, you don't have business nor personal income tax on the monthly rent you receive.

It's one of the main reasons high profile persons will also own a home and live in Nevada.
That way they only pay income tax on money they earn while working in other states.
Many Celebrities do this.

(Please consult your tax person for details.)

So, if earning a passive income of +/-$10,000 per month sounds interesting to you, you need to contact me quickly.

There are real estate properties available.  But, for further details, you need...

To Contact David Howes: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!