Years ago, when I left Residential Real Estate to work solely in Commercial Real Estate (CRE), I met an Owner of an adult club who in his life time once owned about 40 adult nude/strip clubs across the country.
Now, by the time I met him, he only owned two adult clubs: one in Hollywood and the other here in Las Vegas.
Now, he wanted to keep his Hollywood one because that was an income producing property for him.
But, he was thinking of selling his Las Vegas club and was being very iffy about the sale.
Anyway, he had agreed to pay me if I procured him a buyer.
Well, being the ambitious CRE Broker I am, I set out to find the perfect buyer.
Along comes this one Buyer who had a great story. This Buyer could rattle off his accomplishments. And he could tell you what he had owned, and where he was headed without hesitation. He knew business inside and out.
This Buyer was interested in owning an adult club in Las Vegas; and, I knew the property he should acquire.
Well, this Buyer comes to town and the Club Owner agreed to meet us at his club (that was now closed) to go over any potential offer that might be discussed.
As we were listening to the Buyer rattle off his accomplishments and business acumen stories; he suddenly shifted gears. Instead of Buying the Club, he wanted a management contract to operate the club for the Owner.
The Owner said, 'No.' That's not what he wanted.
Needless to say, there was no deal struck that day.
After the Buyer and his cronies left, the Owner turned to me and asked me about the Buyer.
Since I didn't know much, I didn't realize that he was going to ask about managing the club.
The Owner said not to worry. He has run into that type of Buyer many times over the years.
The Owner said the Buyer was a 'Talker."
At first I didn't understand what he was saying, then, it hit me.
The Owner explained that Talkers are all talk. And, he said he pegged this guy early and knew the routine. He told me to learn from this and be aware of them in the future.
He also advised me to not waste too much time with them because Talkers never buy.
To this day, this Buyer hasn't bought anything -- well, at least through me.
Through the ensuing years, I've run into several 'Talkers' and true to the Adult Club Owner's word, they have never bought. Ever.
So, since then, when I run into "Talkers," I politely will listen to them (just as the Owner did); I will help them (a little bit); but, I don't put any faith in them at all. Talkers have never, ever helped me earn any money.
Lesson learned.
Now, I could call them on the carpet and blast them for wasting my time, but, you see, I don't do that because there is that slim, less than 1% of 1/10th% that they just might buy in the future.
As you all should know, "It's Real Estate."
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!
Now, by the time I met him, he only owned two adult clubs: one in Hollywood and the other here in Las Vegas.
Now, he wanted to keep his Hollywood one because that was an income producing property for him.
But, he was thinking of selling his Las Vegas club and was being very iffy about the sale.
Anyway, he had agreed to pay me if I procured him a buyer.
Well, being the ambitious CRE Broker I am, I set out to find the perfect buyer.
Along comes this one Buyer who had a great story. This Buyer could rattle off his accomplishments. And he could tell you what he had owned, and where he was headed without hesitation. He knew business inside and out.
This Buyer was interested in owning an adult club in Las Vegas; and, I knew the property he should acquire.
Well, this Buyer comes to town and the Club Owner agreed to meet us at his club (that was now closed) to go over any potential offer that might be discussed.
As we were listening to the Buyer rattle off his accomplishments and business acumen stories; he suddenly shifted gears. Instead of Buying the Club, he wanted a management contract to operate the club for the Owner.
The Owner said, 'No.' That's not what he wanted.
Needless to say, there was no deal struck that day.
After the Buyer and his cronies left, the Owner turned to me and asked me about the Buyer.
Since I didn't know much, I didn't realize that he was going to ask about managing the club.
The Owner said not to worry. He has run into that type of Buyer many times over the years.
The Owner said the Buyer was a 'Talker."
At first I didn't understand what he was saying, then, it hit me.
The Owner explained that Talkers are all talk. And, he said he pegged this guy early and knew the routine. He told me to learn from this and be aware of them in the future.
He also advised me to not waste too much time with them because Talkers never buy.
To this day, this Buyer hasn't bought anything -- well, at least through me.
Through the ensuing years, I've run into several 'Talkers' and true to the Adult Club Owner's word, they have never bought. Ever.
So, since then, when I run into "Talkers," I politely will listen to them (just as the Owner did); I will help them (a little bit); but, I don't put any faith in them at all. Talkers have never, ever helped me earn any money.
Lesson learned.
Now, I could call them on the carpet and blast them for wasting my time, but, you see, I don't do that because there is that slim, less than 1% of 1/10th% that they just might buy in the future.
As you all should know, "It's Real Estate."
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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