For about 8 months now, I've been trying to get a listing that I have in Downtown Las Vegas SOLD!
It's been a rough 8 months but when I finally convinced the owner to drop his price to an 8.5% Cap Rate, "things" started moving.
Very recently (I mean this past week) I have had a lot of inquiries about the property. I think it's because of the reduced price.
But, something else is brewing -- as far as I can tell.
One of the inquiries to purchase this 42 unit Studio Apartment property was The Downtown Project located right here in Las Vegas.
They came by, did their inspection and then decided to pass. (I guess Tony has gotten smart about buying Downtown Properties.)
Then, a procession of investors came inquiring and all of a sudden, a national Computer software company is interested.
Wow! Was my immediate thought.
Anyway, if any of you blog readers have $2.8 Million and are the first to successfully negotiate a purchase agreement, you will rule.
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!
It's been a rough 8 months but when I finally convinced the owner to drop his price to an 8.5% Cap Rate, "things" started moving.
Very recently (I mean this past week) I have had a lot of inquiries about the property. I think it's because of the reduced price.
But, something else is brewing -- as far as I can tell.
One of the inquiries to purchase this 42 unit Studio Apartment property was The Downtown Project located right here in Las Vegas.
They came by, did their inspection and then decided to pass. (I guess Tony has gotten smart about buying Downtown Properties.)
Then, a procession of investors came inquiring and all of a sudden, a national Computer software company is interested.
Wow! Was my immediate thought.
Anyway, if any of you blog readers have $2.8 Million and are the first to successfully negotiate a purchase agreement, you will rule.
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!
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